Talk of The Villages Florida - View Single Post - Real Estate market turning?
View Single Post
 
Old 02-13-2009, 08:52 PM
rwcw's Avatar
rwcw rwcw is offline
Member
Join Date: Aug 2008
Posts: 54
Thanks: 1
Thanked 3 Times in 2 Posts
Default RE Values in The Villages

I've been surprised at how well the prices are holding in The Villages. According to Realtytrac.com, there are 673 foreclosures in Lake county, 569 in Marion county and 55 in Sumter County. With this many foreclosures (1,297) "in the neighborhood" it's a little surprising to me that the Villages prices haven't fallen more than they have. Yes, yes, the Villages is a "special" place, but it may not be long before the people from up north discover that they can buy double the house for half the price nearby and I suspect that this will cause even more of a decrease in the selling prices here in the Villages, at least in the near future.

Don't get mad at me. It's just an opinion.
__________________
Bob