Quote:
Originally Posted by Penglobal
Hello All - I'm Susan, from Lancaster, single and have finally made the decision to buy a home here in The Villages. I'm currently here in The Villages searching for a home and I'm very amazed by the prices of both new and used homes here.
In the new southern area, homes are selling very quickly, supply is low ( compared to last year ) and new homes prices are just crazy. Used home prices are even worse.
How are you guys dealing with the massive increase in home prices within The Villages?
Should I wait until the prices stabilize?
I can't believe that a new house I saw three years ago when Fenny first became developed is now on sale on the used home market for 40% more in just three years !
I have no idea what to do, please help. Thank You Susan of Lancaster
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From what I have read and heard when the housing bubble burst around 2006-2008 the sales of new homes in The Villages slowed down some and existing homes held their value far better than homes in most of the rest of the country. IMHO sales in TV slowed only because folks were unable to sell their homes elsewhere for a reasonable price, if at all. Thus, they could not buy in TV and move.
Homes prices in most of the country have gone through the roof. I bought a second home in Northern Idaho for $390K in 9/2017. Zillow now says it is worth $663K, an increase of 70% in less than four years.