Quote:
Originally Posted by NJblue
Agreed that houses purchased at the peak may have slid in price. However, if "holding their own" is defined as houses purchased in the last few years have not declined further, then I think that is true. Our neighborhood was built in the latter part of 2008 through early 2010. Since then several houses have been resold. I only know of one which sold for less than the original purchase price.
Some examples:
purchased 10/08 for $269K; sold 7/10 for $311K
" 2/09 for $294.5K; sold 4/10 for $318K
" 10/09 for $217K; sold 9/10 for $230K
" 9/08 for $263K; sold 12/09 for $275K
" 6/09 for $219K; sold 1/11 for 240K
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Those prices don't reflect any upgrades/improvements the owners made or whether or not they have paid off bonds. Also, your neighborhood is new, which in my opinion, seems to enhance resale values. Once your neighborhood "ages" you may find the resale prices dropping. Also, villages like Hemingway, for example, were originally sold at the absolute bottom of the pricing curve. Homes in that area will find it easier to make a profit or stay even. But that village is really an anomoly compared to the rest of The Villages.