Quote:
Originally Posted by jimhoward
There are hundreds existing homes on the market on MLS. There are many more on thevillages.com. I get at least four emails/day from Zillow reporting price drops.
On the other hand, if you want a home with a larger view lot in the Eastport area you are in a lottery with about 20 competitors for the privilege of paying $650K-$800K. Homes are sold instantaneously.
I live in a nice Winslow CYV on a corner lot. But, I'd like to upgrade to a Veranda with a view lot. It ain't easy. There aren't very many, and you have to enter lotteries.
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When we looked at homes 3 years ago before we custom built, the homes up north were as expensive as a new one.
When one took into account outdated kitchens,baths, AC units and possibly a new roof, the new homes were more appealing.
Granted you had a mature landscape but at the end of the day, you were just too expensive for what you were asking.
Not sure if that’s changed but it’s what we faced back then. So when you compare the houses (new vs. old) keep that in mind.