Quote:
Originally Posted by margaretmattson
I moved to the Villages when Spanish Springs was the only town square. When LSL was being built, hundreds of residents sold their present home and bought in the new area. Brownwood begins construction, same thing. Hundreds of residents sold their homes and bought new. Presently, the homes being constructed are very near the new Eastport square. Like clockwork, hundreds of residents have listed their present homes and bought new. Fear of missing out is one reason the inventory has exploded. If you glance at the Villages weekly sales, you will notice buyers from Florida are leading the pack by a large margin. Once the Eastport homes are all sold, I expect the inventory to return to somewhat normal.
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mafs: lots of small percentages added together * an ever going number of total houses.
yes, there are people who move throughout the villages as the developed areas are more attractive to most retirees than new houses where the services are yet to be fully developed. Publix in Marsh Bend is overloaded with customers because there is a huge grocery store gap between Marsh Bend and the houses south being built and sold. New Houses cost less than developed areas, and there is a small percentage of people selling houses to cash in on the free capital gains, and rebuying in a newly developed area. . after two times, the newest house might be free (equal to all the tax free capital gains from the prior two houses)
there is a relatively constant percentage of estate sales from deceased villages, and a constant percentage of leaving the Villages for family in other places. The percentages probably bounce around abit around a mean value. . add those percentages up, and multiply by the ever bigger number of houses, and the number of houses for sale will always be increasing in the ever expanding
The Villages