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Originally Posted by badkarma318
I've been watching as the new homes in Richmond are released, partially because they're close to us, and just out of curiosity to see how fast they sell/what prices they are going for. This isn't like an investment firm swooping into a Patio Villa neighborhood and buying up a block of homes to either flip at the 366 day mark, or set up as rental properties, or both. This also isn't like the peak COVID craze. The high prices and large home sizes don't seem to lend themselves to quick flips, although maybe Richmond is still just that hot.
Does anyone know DEFINITIVELY why The Villages didn't just build out all of Richmond at one time?
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Developer built and opened villages in the farther corners of TV, that took months to sell some houses. Before building in a prime sell out same day village of Richmond.
We knew both Richmond sites would be built, but not when. Many also thought the second Richmond would have lots released for custom build, not just spec homes.
Except for a few houses first Richmond village releases had up to 10-20 plus people for each home or lot. I know this because we tried for 15 lots before we were #1on a lot. Then we continued to try for 5 lots after which the closest number was 2,3,8,and so on.
So far homes in current Richmond have sold in first 5 minutes to 24 hours. Some are in the $400,000-$700,000 range. Best guess is the next release Warbler with the largest lot and pool will be in $800,000 range.
Yes there have been a few like us looking for investment properties in this Richmond.