Quote:
Originally Posted by manaboutown
During my first visit to TV in the fall of 2009 people told me about the new home buying frenzy in the last few years before 2007. Apparently at one time two large tents were set up to handle the crowds wanting to buy. If I recall correctly I read the sales of new homes in TV ran around 4,000 in 2004, 2005 and 2006. Anyway, by late 2009 prices on new homes had been reduced. There were still plenty of sales but in the 2,000 range. Prices were off from before 2007, but not to the degree they were elsewhere. IMHO The Villages weathered that storm due to its buyer demographic. What seemed to be holding people up in 2009 was they could not sell their "up north" homes for the amounts needed to retire and relocate to TV.
The Villages New Home Sales: 2003-Present | Inside The Bubble 2021 |
We bought in 2008 and I was monitoring TOTV daily. The pages were full of laments from folks up north that they were ready to buy in The Villages but could not sell their home, At that time we bought for much less than the home had originally sold for when it was built one year earlier.