Quote:
Originally Posted by l2ridehd
If you look at how The Villages has evolved it may give a hint as to what prices will do. When they first got going in earnest, they were selling around 400 new homes a month and about 75 resale homes each month. Right now it is 250 a month new and 150 a month resale. Now market dynamics has something to do with the changes, but as they get close to build out, the number of new units will drop until eventually it is zero and the resale units will rise until that is probably in the 400 a month range. People who have to have new will go elsewhere and people who have to have TV will buy resale. I would expect when build out is complete that demand will exceed supply by some amount, (more boomers retiring) so prices will increase. But probably not a lot. I would be more concerned about what inflation and interest rate impact will be then the build out.
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As a 20 year veteran real estate appraiser I would listen to l2ride. He knows what he's taking about.
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Maine, 61.5 years. The Village of Liberty Park.
"Live life while you're alive, because when you're dead, you're dead a long time".- Roland Michael Curtis
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