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Originally Posted by gfmucci
Chatting with some folks in the closing department a couple of weeks ago, new home closings have been averaging in the mid-200s per month compared with high 300's to 400's during the peak a couple of years ago. But they said closing activity has been picking up a bit.
Check out www.Zillow.com and search The Villages. Here is a link to one of the houses for sale just south of 466: http://www.zillow.com/HomeDetails.htm?zprop=70820910
Scroll down a bit and click on the "1-year" tab on the graph. Compare sales in The Villages to sales in the 32162 zip code, Sumter County, and Florida. Some interesting stuff. After a few weeks of monitoring this site, you'll see some trends established. It appears the prices have been trending upward over the past two or three months which supports what I was told in the closing department. The Villages market is somewhat different than the surrounding area and most of Forida. I expect it to recover sooner and prices rise higher than surrounding areas.
Put in your own address and city for whereever you now live and you will see the price trends for your own area. |
Thank you GF. Very interesting and informative. I follow the prices closely in TV. You are right.
Home sales in TV are NOT following the trend of other areas of Florida and the country.