Quote:
Originally Posted by Normal
The OP was about Villages homes retaining value etc. Here is the actual straight shooting data from last month.
The Villages, Florida Housing Market Report May 2024 - RocketHomes
The median price for a home sold in May in the Villages was 379,537 dollars, down from the year prior (2023) by 5,387 dollars for the same month. The median square footage price is about 250 dollars per square foot. Yes, homes went down in value, but they have increased over long term like most all homes in the US do.
4 bedroom homes took the largest hit at a little over 15%.
The original premise depends on year to year applicability. |
And 4 BR homes were waaay up in sales price in the last few years, during the covid boom...
We wanted one, but couldn't justify the price difference when we bought...
Now, they are dropping back to a more reasonable price.
The same with many homes, whose prices skyrocketed during the covid boom.
We went to contract in January, 2021. By April, 2021, the same model, with a similar lot (and often less upgrades) was $150-175K more...
Now, they are less than the peak, but still well over $100K more than we paid...
So, if you limit your price search to the last year, yes, prices have dropped. But in reality, they are sill significantly higher than 3-4 years ago...
If you want to look at a slight decrease in price in one year, after 3+ years of boom prices, have at it...