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Originally Posted by rsmurano
How can you say prices are coming down when there are still lotteries going on for a new home or lot? The only time TV has dropped the price of a home is when they can’t sell them. I have friends that are looking for a new house in Eastport area and they get notified that they have 2 hours to respond to buy it or it will go to the next person. The villages is getting around $300 sq ft on some of the new home models and that’s before adding in the land. But that’s cheaper than the $500 - $700 per sq ft in our area for a designer home. Cheap homes with Formica and carpet floors are $300 sq ft.
The villages sells everything they make, and if it starts to get a little slow, they will cut costs like putting in cheaper stuff in the house to bring the price down. Newell lots were a steal compared to lots from fennel for example, but you pay more for everything else.
When Florida is getting more and more people migrating here from other states, if it’s truly down in price, it won’t be long before they will be more expensive. On top of that, people migrating from NY, Calif, and other states will think the houses in TV are cheap and will have cash to buy.
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Before I go cherry picking with you, I will be direct by saying I hope it all does turn up well between your friends and the Developer and they get the house of their dreams.
Not everyone shares your optimism about what is happening in the current Villages area. Try selling your home right now if you live in Lady Lake, or any where north of 44. Try selling your house if you even live in St. Catherine or Fenney. The values of these homes have for the most part dropped. Then go to Dabney or even Newell and see for yourself how the Developer has had to drop the prices on those new homes.
As far as cash buyers from out of state, that is what is needed. The real issue is people in other states have to sell their homes in many cases and that is in a market where buyers are paying a 7% mortgage. It’s a buyer’s market in most cases..
There is a term we all have used,”Location, location, location.” Hopefully the new location of Moultrie Creek pans out for all. There are still about a hundred blank lots for sale there. Also your friends might want to try in the new Enclave Premier area as well. Almost all the lots are still for sale there. You mentioned Newell also, good news there is still one new house for sale in that area also.
If I were you I would take that 500-700 dollar a square foot offer.