[Toymeister]

Practically speaking, there is one and only one way that you can get a home below market value and the chances of that are extremely slim.

The first buyer of a new home cannot sell the home in less than a year for more than the purchase price plus improvements.

If this happens it isn't likely that the home listing will ever leave the real estate office, either a real estate agent will buy it or they will feed the listing to a lucky customer.

That said it does happen, this is how we purchased our home. In our case the home was on the higher end (fewer buyers at higher price points) so it did make it to the open market. We have experienced 50.3% appreciation in 18 months.

I was the poster that said the peak birth year for baby boomer was 1958. Statistically, it is only slightly lower each consecutive year. Demand will remain high for 55+ communities especially while their perceived wealth from the equity in their primary home has skyrocketed with any mutual funds based on the stock market.