Talk of The Villages Florida - View Single Post - Q4 2024 Real Estate Market Update
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Old 02-10-2025, 02:45 PM
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Quote:
Originally Posted by Byte1 View Post
It's a buyer's market. Prices at sale are much lower than prices they were listed for. Prices for pre-owned homes are lower than they were a year ago. I don't believe it has ever happened in the Villages before; not even when it happened everywhere else. The Villages always thrived. Bad time for sellers, good time for buyers. Maybe it will get better when/if the interest rates go down again?
This market in many ways is the anthesis of traditional markets.

Traditionally, it's advised to buy the lowest cost homes In a neighborhood if your wanting best appreciation.

Here, the more expensive exterior lots appreciate at a greater rate than the interior lots that are more difficult to find a buyer

I wonder what percentage of homes for sale are people who don't "have" to sell. Maybe testing the waters to move to a more desirable location or buy a new home.

New home sales remain relatively constant.