[twoplanekid]

Originally Posted by Normal

We are undergoing an inventory explosion like the Villages has never, ever seen. There isn’t any good news on that front until at least early for now. Lending rates are staying the same and insurance is only going up. We will likely see the 75 days on market phrase and a lot more sold homes will have actual pricing at 200 per square foot. Indicators of all this are the actual numbers which are still climbing. Zillow, real estate.com and others all paint the same picture on inventory. An MLS with nearly a thousand homes and the scaling back of new construction are staring boldly at all of us.

There is a possible amelioration? Labor tightening because of deportations could come into play? It is still too early to know that though. Perhaps a ray of sunshine drops on the market with the Fed meeting in mid March?

Now is neither the time to sell or buy. The market is saturated and prices haven’t decreased enough. If I was a buyer, I would focus on the trending reaction after the Fed meeting in March.

Sale of new homes in The Villages by year
Year Homes Sold (Home and Lot) Average Sale Price
1986 511 *
1987 543 *
1988 517 *
1989 542 $ 74,000
1990 502 79,000
1991 430 81,000
1992 562 87,000
1993 567 93,000
1994 686 98,000
1995 700 106,000
1996 753 115,000
1997 1,054 119,000
1998 1,321 129,000
1999 1,544 139,000
2000 1,776 151,000
2001 2,074 156,000
2002 2,260 163,000
2003 3,329 168,000
2004 3,955 204,000
2005 4,263 232,000
2006 3,935 257,000
2007 2,403 251,000
2008 2,236 231,000
2009 2,115 229,000
2010 2,208 231,000
2011 2,307 241,000
2012 2,850 244,000
2013 3,419 271,000
2014 2,601 304,000
2015 2,294 304,000
2016 1,966
2017 2,231
2018 2,134 281,000
2019 2,429 307,000
2020 2,452
2021 4,004
2022 3,923
2023 3,029 410,000
2024 3,208
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