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Altavia
10-29-2022, 01:38 PM
The Villages Q3 Real Estate Matket Update
Stu from NYC
10-29-2022, 01:45 PM
The Villages Q3 Real Estate Matket Update

Prices are starting to come down
justjim
10-29-2022, 01:49 PM
Market is still hot!
Rainger99
10-29-2022, 03:34 PM
Prices are starting to come down

Second quarter numbers.

Q2 Market Update 2022 (https://www.nxtbook.com/thevillages/TheVillages/q2-market-update-2022/index.php)
Rainger99
10-29-2022, 03:37 PM
And first quarter numbers.

Q1 Market Update 2022 (https://www.nxtbook.com/thevillages/TheVillages/q1-market-update-2022/index.php)
Rainger99
10-29-2022, 04:28 PM
The prices seem steady but the sales are down.

Third quarter numbers

Preowned - $487,000 average sales price; 35 days on market
New - $432,000 average sales price; 9 days on market

Total pending - 1383
Total closed - 1310

Second quarter numbers

Preowned - $470,000 average sales price; 19 days on market
New - $434,000 average sales price; 6 days on market

Total pending - 1568
Total closed - 1734

First quarter numbers

Preowned - $475,000 average sales price; 19 days on market
New - $403,000 average sales price; 8 days on market

Total pending - 1885
Total closed - 1616
spinner1001
10-30-2022, 06:08 AM
The Villages Q3 Real Estate Matket Update

Q3 2022 versus Q3 2021 (real estate sales are seasonal):

Pre-owned homes — the number of units sold has fallen but the average price is almost 25% higher ($487k versus $394k). The number of days on the market is much higher (35 versus 16).

New homes — the number of units sold has fallen but the average price is higher ($432k versus $381k). The number of days on the market has fallen somewhat (9 versus 12).

Q3 Market Update 2021 (https://www.nxtbook.com/thevillages/TheVillages/q3-market-update-2021/index.php#/p/1)
seecapecod
10-30-2022, 06:36 AM
The Villages Q3 Real Estate Matket Update

Curious about days on market for new construction at 9 days- you place a deposit on the lot, then your home is built, then you close right? That doesn’t all take place in 9 days?
jarodrig
10-30-2022, 07:23 AM
Curious about days on market for new construction at 9 days- you place a deposit on the lot, then your home is built, then you close right? That doesn’t all take place in 9 days?

Spec homes …..