Quote:
Originally Posted by dewilson58
Elaboration for you.
1) VLS includes new homes which are selling in hours, not days.
2) VLS used homes are selling approximately twice as fast as MLS.
(why you ask, more buyers go directly to The Villages) |
I wouldn't argue with your first point. They have the market cornered on new construction. I'm not sure that new homes are selling as fast, and for as much as they were during the fevered pitch days before the interest rates started to climb. Perhaps they are. I don't know.
As far as the 2nd point, again, while that may be true, we never get any information from that site as to what the final sale price was. We get asking price, and then once the sale is pending, there is no more information to be had, unlike the MLS listings for which, upon closing, the sales price becomes readily available on the internet via sites like Zillow and Trulia.
I have a friend who flips houses in TV, after renovating them, and he uses VLS as his sales broker. He assures me things have slowed down significantly even using VLS. He currently has at least one home on the market now, and has dropped the price at least once.
Another thing missing from the VLS site is "days on the market". They don't like that information to be out there, so it's really hard to know if your point about them "selling twice as fast" is accurate.