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.
|
No worries, things will change. I've seen this happen in The Villages before. People were panic buying homes sight unseen and paying more than asking price. Houses were flying off the market in hours! A subset of people were swearing it was NEVER going to end and The Villages was immune to normal real estate market corrections. The panic mongers were screaming that you better buy now or you will be priced out forever! You know what happened? It all changed! All of a sudden, there were 3-5% discounts on new construction. Re-sales were sitting on the market for months and sold for 10-15% below asking price. Hang in there. Things will change. Something will happen in the economy that will cause this market to cool and The Villages real estate will follow right along like it always does. I know it hard to wait and its easy to get caught up in the panic. Take some deep breaths, sit back and watch. It's coming....