Quote:
Originally Posted by Mleeja
I have been waiting for this to be published. It is not full of good news. 48 days on the market average!
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Kind of sheds some light on what has puzzled me. Neighbors moves to a small villa due to health issues. Their designer home on a corner lot is very spacious and has been kept very up to date, kitchen additions, new roof, AC, paint, flooring, gutters, etc. I thought the ask price of $459 was really priced to sell for this nicely kept home, but apparently not, After 3 months it was cut more than 50K and now at 5 months is down to $389. There are no hidden problems, sink hole activity, irrigation system has always been maintained, all that, so it looks like the old saying that a home is "worth" ONLY what a buyer will pay and not a penny more. Too many available home ? Too many NEW homes and villages ? Interest to high for those who want or need to finance ? Not sure. Have noticed the same trend in many other Florida planned retirement communities... just normal up and down of market ? ? ?