Talk of The Villages Florida - View Single Post - About One Hundred new listings on MLS today for TV?
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Old 06-08-2024, 01:03 PM
margaretmattson margaretmattson is offline
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Quote:
Originally Posted by Altavia View Post
They've been averaging around 50 - 60 new builds a week.

The Villages New Home Sales: 2003-Present | Inside the Bubble

With over a billion dollars in new home revenue annually, carrying a few hundred homes in inventory is noise from the Developers financial perspective.
The concern is rising inventory. Over the past few months, the Developer had to sell hundreds of homes at a discount price. He has not been immune to this trend. It appears the majority of closings have been on discount homes and folks cherry-picking premium lots in Moultrie Creek. The remaining homes are sitting in that area and the amount is starting to rise. If this continues, he will be forced to reduce the price. Anyone looking for a home in the Eastport area should wait.

Last edited by margaretmattson; 06-08-2024 at 01:14 PM.