Quote:
Originally Posted by applesoffh
A friend and I went to 3 open houses last week, all on the south side of 466A. Every one of the agents on site indicated that houses on the lower end of the price spectrum were selling like crazy, as were re-sales under $275M; however, there is aso a "glut" (their words, not mine) of Designer homes in the $275M + range. This is the time of year that there are more houses on the market than in the Fall and Winter. Houses are being built at the rate of 300 a month (again, their words, not mine) so inventory will be high when the fall/winter season arrives. This is an excellent time to buy, apparently. In addition, my friend and I were told that no more patio villas will be built, and that the last one sold the day it went on the market. As I said, this is information we got from Villages sales agents at open houses the past week.
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Our agent and long term friend told us there was one more area of patio villas and one of cottages that were planned. We were also told that the average buyer was looking for homes in the $250k to $300k range.
As TV nears build out prices will rise. It's the law of supply and demand.