Quote:
Originally Posted by Altavia
The Villages is a different animal, Zillow and Redfin data is garbage given most sales are not MLS.
Historicaly, prices have risen proportional to new home prices. There is often 20+ people competing for premium lots on the new areas near Eastport.
The Villages Q3 Market Update |
Zillow is the largest real estate database in the United States. It does not rely on "MLS" for data, but tracks real estate transactions from multiple sources, including Registry of Deeds activity.
On the other hand, The Villages Realty produces its own data, which represents somewhere between 40%-60% of the pre-owned sales in TV.
Zillow, Trulia (owned by Zillow) & RedFin all show a significant decrease in pre-owned home prices in TV, over the 2.5 years.
Any real estate salesperson who's telling potential buyers that prices don't go down in TV or any other area, should lose their license.