Quote:
Originally Posted by Randall55
I was a contractor all my life. I have seen many ups and downs in the housing market. Looking at past sales to predict the future is NOT RELIABLE. Buyers wants and needs ALWAYS change over time. Currently, we are in a buyers market. Years past, it was a seller's market. HUGE DIFFERENCE.
You can't look at the Developer's numbers. Those are HIS and HIS alone. When an individual places their home on the market, his/her result will vary. Some may make a much larger profit on their individual home than the Developer. (This is the reason for his one year rule) Or, some may have to take a loss. Others may see minimal profit, while some will not be able to sell no matter the amount of price reduction.
The developer carrying 1-2 months of inventory historically may no longer work. It certainly did not in Lake Denham and Dabney. Again, buyer's WANTS change. The developer may have to reconfigure his model to meet the new demands. I believe he will do just that.
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I think that the Developer is always adapting at least somewhat to changing demands. For example, up north, for many years, it seemed either all or almost all Courtyard Villas were 2 bedrooms and 1 car and a golf car garage. This is such a dog community that now Courtyard Villas available much bigger and there are Verandas and Cottage Villas as well. The new area down south I don't think is the same old, same old. That high school is magnificent. The new Town Square in Eastport when it is online next year appears like it is going to be just phenomenal. The Villages did change up the homes being offered and they are really nice. Nothing has really stopped the growth of this place for the last 30 years. Who knows, no one has a crystal ball, but until I see some real hard evidence of significant change in interest in this place, I do believe that the growth is going to continue for many years into the future.