Quote:
Originally Posted by margaretmattson
I have been in sales all my life. It does matter! Most obvious: A Q3 report does not mean the Q4 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.
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.
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Yes here in “07” and going forward. Since the numbers only reflect VLS, you need to get a view of MLS stats. Then Zillow and other sites, for sold by owner.
Then one will still have an idea, but nit the Exact numbers you are looking for. Since, you Don’t have the ability or insight of Banks, Mortgage companies, and Cash info.
But if you really need a mind numbing project, you can spreadsheet a list every house for sale, on all sites, every month, then check Sumter, Lake, Marion, and so on to get the exact date closed, and dollars paid.