Quote:
Originally Posted by asianthree
Remember when you looked at new homes and had a 2 hour window to yes or no. Then again there wasn’t 5 different villages being released, and drone flights giving you extensive knowledge that 3 more villages are coming in the mix.
2007 PVs and homes with kissing lanais didn’t sit long. Now view lots snapped up in 5 minutes of release, as does build lots ( except in Enclave interior lots only).
New buyers are becoming more attuned to what properties they want to live in, no longer is “We are done building” looming in the near future. Homes have and will always sit if the lots are less than desirable, or certain models.
Larger homes seem to be moving, along with many view lots, no matter, bond or tax. According to many on this site interest rates aren’t a problem since many buyers are mortgage free. Or if they are smart listening to their financial advisor take interest rate in stride.
I really never remember this many newly released villages at the same time. I could be wrong be usually you had one or two closing out, then one new village opened. Someone here longer I am sure has those stats.
Many are waiting for certain new villages to release, guessing they will sell with quickly with multiple names for each property. Just remember those who build, don’t close for months, so those Sold numbers are still in the wings. Like the close to hundred of lots on new golf courses
I think the buyers are out there, but buying mindset has changed. If I don’t see what checks my boxes, there will be another village open soon. Leaving spec houses that doesn’t fit sitting.
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Those very spec homes are the slag that will drive all prices eventually into the ground.
Three errors to consider
The Dabney / Denham area
Continued construction
Failure to control information
There will be a huge kissing lanai inventory problem soon. Maybe there already is? The Premier section which was done a little late demonstrated it. The cream is taken, the rest is left as slag.