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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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Scores of homes in the southeran sections are going unsold. They are starting to discount them but they are still not selling. Regarding the 2 hour notice to accept the home, thats the standard Villages sales process, regardless if others are interested in the home or not.