Quote:
Originally Posted by Topspinmo
IMO that would most houses everywhere all over United States. After the outrageous spike during dark Covid years, then interest hikes, and then flood of the market (especially here with south build glut) resale market has nowhere to go but down? When I got here those majority of those older homes ran around 100K plus, patio villas around 150k, and CYV’s around 200K, designers around 225K plus. I see market overpriced right now, expect 25% drop with flood houses on market with low buyers, and that’s most areas in Untied States. Prices effects premier homes less cause they have limited market and price range which takes out average retiree buyers.
There HUGH amount of resales on market right now and majority not moving. If you sold house in this market IMO consider yourself lucky….
|
As stated, home prices are falling EVERYWHERE. In the Villages, this includes the majority of homes no matter which village, old or new. A friend who sells real estate told me those who bought during the Covid explosion are getting hit the hardest. Too much competition and the owners paid top dollar. Buyers will no longer pay more than a house is worth. The days of reaping huge profit after one year of ownership are over.