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03-07-2015, 07:24 PM
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Sage
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Join Date: May 2013
Location: South of 466a, if you don't like me.......I live in Orlando.
Posts: 11,592
Thanks: 851
Thanked 9,776 Times in 3,644 Posts
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Quote:
Originally Posted by Jayhawk
Don't pay too much attention to those who say sellers are greedy and over-priced.
While resales through the Villages may be lower than last year, that could be because so many people moved up from one house to a more expensive one last year. That alone would account for fewer this year. Plus another 2,600 NEW home sales have occurred.
Also, a healthy re-sale inventory is 4 months supply. Economists will generally use this as a benchmark.
Based on current re-sale inventory listed with The Villages (463 at this moment), and averaging the number of actual re-sales over the past 12 months (2,094), there is today 2.6 months inventory listed. These are extremely strong sales indicators. It also tracks closely with data provided by Lyle Gant for MLS listings (non-Villages agents). For January and February the average days on the market was 65 days. Again, just over 2 months.
Oh yeah, and the average sale was 97% of the listed price. Not Bad, huh?
2015 Sales
Do your own research, but don't miss out because some people give opinions rather than facts.
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May not want to post that link............the numbers don't calculate correctly.
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