Quote:
Originally Posted by mrrmauu
We have been coming down since 2016 and plan on retiring, buying and living full time in the very near future. I see that most or all homes appear to sell within hours of listing and the prices have skyrocketed with no end in sight. Who is buying all these properties??? Are these new retirees, are they snowbirds, or are they speculators looking to make a buck renting them out? Is this all a bubble or will this continue into 2022? A brand new home we looked at in 2017 was listed for $270,000 - that same exact home today is around $400,000. They used to discount some of the homes when they advertised them on WVLG, no more. Most homes they advertise are $500,000+. My home has also appreciated but not at TV rate.
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I watched this run on TV homes begin around Spring 2020. I'd been seriously looking for a home for at least 1.5 years when I noticed they were beginning to sell faster and faster. Around July, selling so fast that there was no opportunity to book a flight and get there before the property went into pending sale status. The prices weren't rising quickly though. One came up, exactly what we had been looking for. We bought wo seeing the property in-person. Our realtor took us on a facetime tour 1 hour after the listing hit the market, and we had an accepted offer within 3 hours. So stinking risky but there was no other way. I don't know when the pricing began to increase like it has but it's insane. A villa just like ours, with no extras, in a very nearby Village, was new on the market just a few days ago for $89k more than we paid in 9/2020. Unbelievable.