The challenge a buyer faces when considering the purchase of a single-family home in the Villages is that (most buyers) do not have the time, facts, and experience to perform an informed financial analysis of the transaction or prospective purchase.
We as a group are at the mercy of many sources of information some objective, and others for the most part bias. However, as someone that bought, sold and built five homes as time goes on the priorities have shifted. I observed the number of new and pre-owned homes in TV and it's clear that the developer (VLS) is able to restrict supply of new homes to maintain their profit margin or flood the market if they want given their financial leverage. The remaining open market is likely a better indicator of the trend which by all counts (MLS) shows 2X the number of listings on a YOY basis, and the listing time to sale time has increased by at least 50%.
For many of us we are in or moving into retirement/a new chapter of life, I suggest that it might be better to consider a home purchase in TV as "consumption" of our accumulated assets, e.g., "decumulation". Are we really going to be here in 20-yr to resell that home? [sure, I understand that many folks move 2x-3x] However, I suggest we focus on our ability to buy based on economic situation and what that purchase would mean to us based on our wants, needs and desires as the buyer.
So what if the value goes up 20% in 5-yr, or drops down 20% in the same timeframe, we as the owner were able to consume and enjoy TV lifestyle, isn't that the point? When it's all said and done, we can't take it with us, and for those that remain the time spent with them in a place we enjoy might far exceed and economic benefit.
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