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Originally Posted by graciegirl
I am wondering the same thing. Homes for sale in our Village. (Bridgeport at Laurel Valley) have sold quickly and for much more than they were purchased for.
Sometimes I think that outside realtors who can't sell the new homes are jealous of the Village realtors. I haven't heard or seen any drop in prices.
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Quote:
Originally Posted by biggamefish1
I have lived in my home in TV since purchasing it in 2016. Nothing less than the value going up each year and more than doubling the purchase price. Just stay away from Condos
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Quote:
Originally Posted by kansasr
Looking at the sales data from the Sumter Property Appraiser through the end of November certainly doesn't support a reported drop in sale prices.
Looking strictly at homes that sold after 1/1/23 and were again re-sold in 2024, the average price increase was over 18%. True, this is a decline from the wild increases we were seeing before 2023, but if you can re-sell your home after a year and make 18%, I'd say you're doing pretty well.
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Both Zillow & Redfin estimate resale homes in The Villages have declined in Selling Price, between 12-15% since the peak 3 years ago. In a huge % of cases, Zillow won't provide a Zestimate of current value, because of a lack of sales data and the volatility of the market.
If your home selling price depreciated by 15% in the last 2.5 years, when you add in a 5% Broker's Commission to sell it, you just lost 20% of your value.