Quote:
Originally Posted by rwcw
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.
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I think we have a way to go until we hit bottom as well, Villages or not.
That said, I think TV prices will continue to be higher for the same size home because the homogeneous neighborhoods and strictly enforced deed restrictions which maintain the value of the homes. People want to buy where they can expect their investement will be protected.