Quote:
Originally Posted by Randall55
In the Villages, home prices are decreasing and MANY are sitting on the market for months. Too many look at what the Developer is doing and construe his good fortune means good fortune for all. Not true! The minute you close on your new home, you are now living in a preowned. At this time, preowned homes are not seeing large profits. Most are lucky to break even. The one exception seems to be larger homes with pools. These types of homes are seeing huge profits. Cookie cutter homes, patio villas, and courtyard villas are not. Buyers for these types of homes are choosing to buy new because new homes are cheaper. Why pay someone more for the same model?
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Even the prices of new homes are dropping. Hundreds of Lake Denham and Dabney home prices were reduced. Some as much as $50,000. Moultrie Creek is in high demand but not certain this will remain the case. Many Villagers are buying those homes creating a false market. When they try to sell, will it be difficult? Things have changed quite considerably since the post Covid craze.