New home market prices have no relation to resale prices. They are two different markets. They are not comparable. Any correlation is coincidental.
Resales are subject to depreciation. Resales in The Villages are also subject to seasonality. You are starting to see some reduction in pricing on individual resale units. This simply reflects overpricing on the part of the seller. Probably due to condition or locational factors.
One element that I do see as a drag on individual units is the presence of wall paper. Buyers see it as trouble, effort and cost. Most don't want to buy a renovation project. Flippers aren't going to chase prices.
I also see resales with older roofs as an issue. Sellers can't expect top price with an old roof. In this market, an old roof is defined as anything over 8 years. Insurance coverage is driving this issue.
Every sale is subject to supply and demand. Both new construction and existing homes are affected by the supply and demand market force. But, the two markets are separate. Currently, both markets are out of balance. There are more buyers than sellers in both markets. They will balance at some point.
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