Quote:
Originally Posted by KsJayhawkers
Mrs. Doom and Gloom,
Have you called TV Property Management and asked those questions? Their phone number is (352) 753-4000.
How many in the count were residents who sold their home and bought another in the Villages? These numbers are reflected in the pre-owned sales data. It doesnt matter if Sam sold his house in Spanish Springs and purchased a pre-owned in Osceola Hills, the data would still indicate two pre-owned homes as sold.
How many were purchased as an investment? The sales numbers would still reflect the home as being sold.
Below average sales? Although not directly in the sales report, this data can be obtained through Sumter County.
2008 Crash...The Villages says bring it on!!! As you can see in the attached graph, the 2008 crash had little effect on home pricing in TV.
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I have been in sales all my life. It does matter! Most obvious: A Q3 report does not mean the Q4 (and those following) will bring in the same numbers. I read posts and I believe someone stated an average of 350 homes were sold each month. Altavia told someone on another thread, 50 homes were scheduled to close in one week in October. That is a significant drop from the 85(+ or - )homes sold in a week in prior months.
If all the below average price homes are in the same area (my guess would be homes farthest north) that could possibly mean a crash is beginning in that area. In time, that crash could affect the entire Villages.
If, for example,15% of homes were bought by residents relocating to another Village and 15% were bought for investments, that means over 100 homes per month sold were not new residents. A crash can happen if new buyers are no longer interested in purchasing in the Villages.
If there are a quite a bit of corporate investors buying up a chunk of homes on speculation, this too, could possibly cause a crash.
I could go on.....
If I gave a quarterly sales report to a bank requesting a business loan, they would laugh at me and ask for more information. GUARANTEED. If I wanted to add a partner, they too would ask for more information. One sales report does not give the overall picture.
I have no need to call mgmt. I do not have all of my eggs in one basket and I certainly am not charmed into believing ONLY what a quarterly sales report shows. I was here in the crash of 2008. Were you? I know what actually happened and no one is going to convince me otherwise.