[thegreenerside]

Originally Posted by sschuler1

I think it is funny to hear people say that The Villages is immune to the housing decline. Of course they have been affected. People can't sell their homes in other parts of the country, so they can't afford to move there. The housing prices have definitely dropped, even in TV! Here are a couple of websites that you might want to check out. One of these sites show the current homes in foreclosure in TV.

http://realestate.yahoo.com/Florida/...rtBy=ctime%200

http://www.zillow.com/local-info/FL-...es-home-value/

Well first off your zillow.com link shows a population of 8300 people with 31 percent having children. The average home being $195k. I would like to know where the $100k homes are in The Villages because most of the homes I see sold are well over $250k.

Second your yahoo.com link shows 15 foreclosures for The Villages out of maybe 25-30,000 homes which gives us a 0.0006 percent foreclosure rate. I am not sure what the actual foreclosure rate is in Florida currently, but I am guessing statewide that it maybe between two and three percent.

Third The Villages is selling on average of 7 homes per day according to other post here on TOTV. That equates to 210 more or less homes per month. In last weeks Ocala Star Banner, Marion county sold 166 properties in the month of March. Now remind you a portion of The Villages is located in Marion County, so we don't know how many of the 166 properties sold could have been Villages resales.

I would admit that the prices have dropped in The Villages, but it is not the 40-60% that you are seeing in other parts of Florida for example Ft Myers, Orlando, Miami, Ocala, etc. Zillow.com is a good website, but I do not believe it provides an accurate information as to what is happening in The Villages because zillow.com gets its information from the MLS and listing realtors and The Villages new homes are not on MLS, nor do they report to Zillow.com.

So, to say that The Villages is immune might seem kind of fair to me.