Quote:
Originally Posted by justjim
In talking with my Village Sales representative in the spring, she told me that November was a good month for sales. I remember exactly because I questioned November being a good month.
The Villages is no longer selling new homes at the same pace of a couple years ago. That is pretty easy to observe with the discounts they are giving. The homes in Lake County (Pine Ridge and Pine Hills)are not selling as fast as they once thought they would. As you probably know, taxes are higher in Lake County than in Sumter. Most buyers today are pretty "savvy" when purchasing a home. I believe all golf course lots are sold and there will not be anymore north of State Rt. 44. The Villages south of LaBelle are considerably more distance to Brownwood too.
In short, this all adds up to slower sales than in past years---especially the month of November. In some way, it slows resales too if fewer potential buyers are coming to TV. This Year there was a contentious election and some might be putting off moving and purchasing a retirement home until later.
That said, with interest rates heading up, the election over, and stocks headed higher, I wouldn't be surprised that increased sales of new and resale homes in TV will follow. Prices, however, may be a bit lower until demand catches up with supply.
BTY, I am not a Realtor nor currently a real estate investor although I have been an investor in the past. Like most of you I am happy to be a retiree.
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As a former sales rep in the photo industry. If, anyone asks THINGS ARE GREAT.
For real estate sales, it is a predicable game. A broker will tell you that they will get you a high price for your house so that you give them the listing. That ties you up for six months. If anyone sells your house in that time period they get 1/2 of the commission which they need to split with the office they work for. That is the reason why the listing broker is motivated to be the selling broker as well.
If, a home doesn't sell in a month or two it is like old eggs-a bit stale.
Look at ZILLOW. The hard cold rude facts are easy to see.
You can see what your model is listed for and more important what it SELLS for.