Quote:
Originally Posted by Altavia
This market is nothing near "average."
There are 10,000 people retiring a day. Many own their current home and/or have 401K's in the millions looking for a safe, active retirement in the sunshine. More than 70/wk still choose The Villages.
Some Pre-retirement people can now work from home further expanding the market. And now there is Middleton.
At the end of the day, results are what counts. Villages average home sales 2023 were over $2.5 billion.
Pre-owned:
Avg 48/wk = 2,500 homes @ $465 = $1.2 Billion
New Home sales:
Avg 60/wk = 3,100 homes @ $420K = $1.3 billion
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It is NEVER a good idea to look at things from the Developer's side. Yes, he is making money. But! More than 250 new homes have been reduced, there is still a lack of commercial, hospital plans scratched, and Florida weather hasn't been much better than other states. The last hurricane was closer to the Villages than years past. Put all this together and new home sales have seen a 23% decline and preowned homes are sitting on the market with 50-70/week
experiencing drastic price reductions.
Keep posting news the Developer is doing GREAT. The rest of us will post how his GREATNESS is affecting homeowners.
Do you have an update on how many leases there are for Middleton? Last I heard, there was only one- a barbecue joint. Who wants to live in or near a ghost town? The Developers theory," if you build it, they will come", doesn't appear to be working.