Quote:
Originally Posted by Byte1
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?
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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.