Talk of The Villages Florida - View Single Post - New home prices
Thread: New home prices
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Old 03-28-2021, 05:58 PM
rustyp rustyp is offline
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Quote:
Originally Posted by geofitz13 View Post
I have been watching new home prices in the southern villages for some time. Ever since "connectivity" became a reality, a lot of those prices have skyrocketed. Not just a couple thousand dollars, but tens of thousands. Small patio villas under 1000 square feet were in the 160-170,000 range. There are, as of today, 25 under 200,000 and many more above that. "Regular" patio villas, over 1100 square feet, go for $225,000 and up. Cottages, verandas and designers are going for 20-30,000 more than just a few weeks ago. This has nothing to do with impact fees, it's strictly a result of connectivity. I worry about the affordability of housing here going forward. It is, of course, good news for those of us who already own.
The proper way to respond to this cause and effect hypothesis is to analyze the cost of housing across large regions Vs. TV over the past year. I suspect the hypothesis of connectivity will yield an R square not worthy of placing a bet.