Quote:
Originally Posted by OrangeBlossomBaby
Properties of The Villages focuses on new construction. Pre-owned is secondary. They have fewer listings, but they tend to close them more quickly on average than MLS companies.
There are more MLS listings than there are VLS listings, but they tend to take longer to sell and often have price reductions before they go into pending status.
Totally anecdotal, but I've seen two homes in my area that were initially listed with MLS, that remained unsold for many months. Both of them eventually switched to VLS, and the properties sold after only a couple-three months once Properties of The Villages re-listed under their own company.
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I just counted 575 preowned listing on VLS. That is not less than MLS.
A ‘couple-three months’ isn’t also many months? VLS pre-owned listings also often have price reductions. It’s just more difficult to tell. Only if you are watching houses for a period of time do you notice one day that the price is lower than it was the day before.
I have been watching both sides pretty closely for a few months as I am house hunting. There is actually a lot of parity with the number of pre-owned listings for MLS and VLS so far this year. Indeed I would say VLS has more right now than MLS. And there are many that have been on VLS for 3+ months. Basically any VLS number around 241500 or lower.