I've heard it said by a real estate agent that the Villages already owns enough land in the south to build homes at the current rate for the next 15 to 20 years. He says they own as far south as you can see from Eastport. I have no easy way or desire to check that claim, but they do for sure own a lot of land.
It would be impressive if the Villages Development Corp was able to build and sell 3000+ new homes/year for the next 20 years. But, will the demand for the villages going forward be strong enough to exceed that? Given the steadily increasing number of real estate listings, and the increasing time on the market, I doubt it.
So I think one thing that may limit development to the North, West and East is that the villages already has already bitten off as much as they can chew to the south.
|