Talk of The Villages Florida - View Single Post - Twice as many pre-owned sold
Thread: Twice as many pre-owned sold
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Old 09-20-2011, 11:06 AM
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Quote:
Originally Posted by Ohiogirl View Post
Wow - I've been following sales data in TV since we bought in 2006 - usually from afar - just casually, no spread sheets or anything, but I believe this is the first time I know about when resales topped new home sales - and usually it was by a margin of about 4-1 or 3-1.

Maybe until Brownwood is up and going it will be like this? I just found this kind of surprising.
I don't find it at all surprising, for all the reasons previously mentioned, plus the fact that many pre-owned homes are for sale for less than the owners paid for them, not to mention much less than new + bond. I know of one home for sale at 215K that was purchased four years ago for 267K.
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