Talk of The Villages Florida - View Single Post - The Villages Home Prices during 2008 Great Recession/ Views on Current Downside Risk
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Old 02-25-2024, 06:57 PM
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We was looking in the villages in 2008 and signed our contract February of 2009. We closed May 1st 2009. We was looking in Tennessee and North Carolina also. The Villages slowed down on sales, but the prices was holding and only being discounted about 5% from the asking price. It was scary at the time as this was the only place that houses was not dropping in price and we wanted to buy. That was unreal compared to the market in Georgia. I seen houses auctioned off for $30 Thousand dollars. Those same house sold 7 years later for $130 Thousand, Now those houses are selling for $300 thousand. Facts. The only advantage in early 2009 in the villages was we got to put a small deposit down to hold a lot on the pond for 24 hours to make sure we wanted it. We was told we had a year to build. Then we was told we could get 5% off on the house and options we wanted also if we signed a contract to build. We did and the house was built in 50 days. My neighbor said when he bought he had two hours to decide if he wanted the house he was shown and if not the next in line got the same offer. I understand your reservations, But our Only regret is not coming sooner.
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Covington, Ga.

Village of Duval