Just wondering

[rblammon]

There seems to be a lot of homes for sale in TV. Is this normal?

[chuckinca]

Yes -

Developer trying to build out in the next five years or so and probably has to build another 20,000 homes, 4,000 per year, 300 per month.

Maybe around 40,000 existing homes @ 1% for sale at any one time would be another 400 homes for sale.

(plus or minus)


It's a BIG Place


.

[Russ_Boston]

1% for sale at any one time would be another 400 homes for sale.(plus or minus)It's a BIG Place.

And just 1% is very low for national average (I think someone on this forum did research and the national average is close to 3%).

[bkcunningham1]

My husband and I just bought a preowned home in TV. When we were looking online and in person we had your same thoughts. We wondered what could be wrong that so many people were selling. Although it is unscientific and it is just our personal observations, the preowned home owners had either died, were put in nursing homes (because of the senior age of the residents) or they were moving within TV. Usually the movers were upgrading or moving a block over because of something about the "new" home they loved like being backed up to a golf course or vice-versa. Also, it is a buyer's market. bk

[Taj44]

And there are a lot more homes for sale than what appear in The Villages listing. Probably about double if you look at all the realtor listings.

[l2ridehd]

By any way you want to measure the market, The Villages has less homes by % on the market then almost anywhere. VLS has a little over 400 homes, MLS has under 300, and FSBO's maybe 200 max. That is a total of the resale market of 1000 or less. With over 40,000 homes in here, that is a maximum of 2.5% and usually around 2 %. Check your neighborhood, check your state. At one point during this downturn, most markets had 10% or more. The Villages on the market homes percentage is VERY LOW.

[Taj44]

I'm curious what the percentage of homes for sale there are, comparing apples to apples, in other retirement communities close by. Del Webb Spruce Creek, for example.

[bkcunningham1]

I found this National Association of Realtors link and thought it was pretty interesting. I can't seem to refine a search specifically for stats on TV though.

http://www.realtor.org/research/research/nar_research_maps_sehs

Also, from Florida Realtors:

http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=225719

bk

[rblammon]

Thanks for all the input. We plan to come down this year and start scoping TV out. Thanks again