Quote:
Originally Posted by jeffc1965
My apologies to some of you (Randall55 and others). I did not intend to start a flame throwing contest. I just asked a question of long-time residents about how the developer handles a slowing market. Nobody can deny that the market has slowed. I have watched this market every day since February 2022, most days logging onto the VLS site multiple times per day. When I first started looking for our desired type of home (3/4 beds and 3 baths), there were maybe 15-20 on the market total (new and existing). By the summer of 2022 and into the fall, there would be 40-50. During most of 2023, there was 75-85, but now there are 100 or more. When we first started looking, we also were scouting lots. We were looking in Richmond and Deluna. We thought we wanted more privacy, so I combed the Lake County parcels website to find the nicer lots with views in Newel, Lake Denham, and Dabney months before the developer released the lots. Like was noted, the view lots were flying off of the market in Richmond, Deluna, and Newell within a day but by the time Lake Denham and Dabney opened, very few lots were very competitive. I know because we reserved a nice large view lot in Lake Denham on the release date and the developer never sent the wiring instructions until the following week, unheard of beforehand. We ultimately let the lot go and it lingered for another few days. As others have noted, there are many remaining designer/premiere home lots in the Enclave and Moultrie Creek. Maybe the villas are still selling at the same pace, I haven't followed that part of the market, so a few pictures may/may not be representative of the entire market. I don't disagree with people's thoughts on why the market is slowing, I just asked how the developer might adjust the pace of development or whether there is a noticeable reduction in maintenance of the
common areas/facilities when profits aren't flowing. With the developer significantly restricting options/modifications to the designer homes, I can definitely understand a market for renovations to new homes.
Again, my apologies if I have offended anyone.
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No need to apologize. People on this forum have different experiences and opinions. I buy homes with an intent to flip in a year or two. I remodel them slightly and am not attached to any of them. Others buy their forever homes and love the area they chose. There will always be conflict.
The developer does not provide much in incentives. Seventy or so home prices have been reduced. I do not believe there will be any other types of reductions.
They are finishing a new model home area near the high school.There are several new styles. Some have already been built in Middleton. Nice! Check them out before you decide.