TV real estate might hold value longer than the average

[CoachKandSportsguy]

https://x.com/TrishaFLsun/status/1803763885331112300

Ouch, sale by private equity (PE) landlord starting to unload houses at steep discounts. .
I can't be happier as PE landlords should be limited or prohibited.

Access to this page has been denied (https://www.zillow.com/homes/25080-Estrada-Cir-Punta-Gorda,-FL-33955_rb/81782624_zpid/)

TV has competition for VALUE per sq foot based upon the house alone. .
TV might hold its value more for the location. .

[Normal]

https://x.com/TrishaFLsun/status/1803763885331112300

Ouch, sale by private equity (PE) landlord starting to unload houses at steep discounts. .
I can't be happier as PE landlords should be limited or prohibited.

Access to this page has been denied (https://www.zillow.com/homes/25080-Estrada-Cir-Punta-Gorda,-FL-33955_rb/81782624_zpid/)

TV has competition for VALUE per sq foot based upon the house alone. .
TV might hold its value more for the location. .

I think many households will be OK as long as they aren’t trying to sell right now. If anyone was thinking of selling, it may be better to just ride things out and pull their home off the market till things get better. It shouldn’t be a time for anyone to buy unless they are desperate or offered one heck of a deal by a seller. Builders in many areas of the state have stopped construction for now.

Of course it is no secret that this week’s mortgage applications are at a 35 year low. Not great when you consider about 55% of all Villages home purchases are financed.

[frayedends]

This resale in Lake Denham (that desolate area with nothing around it) is under contract. No way to know what they sale price is until after closing, but it was listed at 1.2 million.

I realize it's a "premier" but it's really just a nice designer home with no pool. Great location but I am being told that I shouldn't have bought in Lake Denham because I'll lose my shirt. Sale like this says otherwise.

The Villages(R) Homefinder - Find Your Dream Home (https://www.thevillages.com/homefinder?ulikey=L60V.32&lng=-81.93126567603665&lat=28.7598932477046&lvl=6)

[Altavia]

This resale in Lake Denham (that desolate area with nothing around it) is under contract. No way to know what they sale price is until after closing, but it was listed at 1.2 million.

I realize it's a "premier" but it's really just a nice designer home with no pool. Great location but I am being told that I shouldn't have bought in Lake Denham because I'll lose my shirt. Sale like this says otherwise.

The Villages(R) Homefinder - Find Your Dream Home (https://www.thevillages.com/homefinder?ulikey=L60V.32&lng=-81.93126567603665&lat=28.7598932477046&lvl=6)

Still selling 70-100/week.

[Rainger99]

This resale in Lake Denham (that desolate area with nothing around it) is under contract. No way to know what the sale price is until after closing, but it was listed at 1.2 million.

Pending says $980,000. Closing in August.

[MrChip72]

I'm very familiar with that area. My parents bought their vacation home around there over 40 years ago. I've spend around a month a year for almost 40 years there. I even own some land around there that I bought in 2007.

It's extremely saturated with speculative investors. You can check the property records for any given street and often the majority will be owned by foreigners in South America or Asia, or some corporation. It's been like this for 20+ years.

I don't think there's any valid comparison there to The Villages area that proves anything. The area was oversold and now many people are in unloading mode. Just look at Zillow for that area and you'll see thousands of homes and lots for sale with many on the market for over 200 days.

[margaretmattson]

This resale in Lake Denham (that desolate area with nothing around it) is under contract. No way to know what they sale price is until after closing, but it was listed at 1.2 million.

I realize it's a "premier" but it's really just a nice designer home with no pool. Great location but I am being told that I shouldn't have bought in Lake Denham because I'll lose my shirt. Sale like this says otherwise.

The Villages(R) Homefinder - Find Your Dream Home (https://www.thevillages.com/homefinder?ulikey=L60V.32&lng=-81.93126567603665&lat=28.7598932477046&lvl=6)It depends on what type of home you purchased. Homes with great views and/or pools are making a great profit. Other types of homes are hit or miss depending on the LOCATION. Homes closer to squares usually sell quicker than those farther away.

[margaretmattson]

Still selling 70-100/week.This thread is about PREOWNED homes. The developer selling 70-100 homes is HIS PROFITS ALONE. A significant factor is hundreds of his homes are being sold at reduced prices. A homeowner wanting to sell his/her home has to compete with the developer's slashed prices and nearly 1000 available preowned homes. Not a great time to place your home on the market unless it has a great view and/or a pool or is unique in some way.

[CoachKandSportsguy]

I don't think there's any valid comparison there to The Villages area that proves anything.

disagree

[Villager1234]

So I guess it is a good time to buy

[Normal]

So I guess it is a good time to buy

:1rotfl: :1rotfl: :1rotfl: sure wink wink

You can if you wish, but the bottom isn’t here yet. I would wait till you see a change in interest rates and look for when prices start to go up first. Right now prices are still decreasing and in many cases plunging in many parts of Florida.

[frayedends]

Pending says $980,000. Closing in August.

Interesting. How can you see the pending sale price.

[Rainger99]

Interesting. How can you see the pending sale price.

I go into the app on my iPhone and I find the house. When you pull it up, scroll down to flyer and click on flyer.

[Normal]

I go into the app on my iPhone and I find the house. When you pull it up, scroll down to flyer and click on flyer.

So cool. The 20% + discount on the home is great way to gauge what the lots and homes are worth there. I’ve noticed a large swing in comps many places here. Hopefully many will jump in when the market gets right and we start on a rebound.

[frayedends]

So cool. The 20% + discount on the home is great way to gauge what the lots and homes are worth there. I’ve noticed a large swing in comps many places here. Hopefully many will jump in when the market gets right and we start on a rebound.

I’m not sure I’m reading your post right. I wouldn’t call this a 20% discount. The house sold a year ago for $674K. If it’s going for 980 then they are making about a 40% profit (assuming about 30k in landscaping upgrades) in 1 year. Dang.

[Normal]

I’m not sure I’m reading your post right. I wouldn’t call this a 20% discount. The house sold a year ago for $674K. If it’s going for 980 then they are making about a 40% profit (assuming about 30k in landscaping upgrades) in 1 year. Dang.sorry looking at a pending that was listed at 1.2

[frayedends]

sorry looking at a pending that was listed at 1.2

I don’t see it as a discount. It was overpriced and they sold lower. But still 40% higher than its sale 1 year ago.

[justjim]

Resales are still overpriced IMHO. Houses in TV have appreciated, on average, about 50% in the last 10 years. There is no guarantee that interest rates will be lowered by the Fed this year. If you don’t need to buy, I would hold off a bit longer. Just my two cents.

[JMintzer]

I see the usual suspects have entered the chat, spreading their hope for gloom and doom...

[frayedends]

I see the usual suspects have entered the chat, spreading their hope for gloom and doom...

Yeah lots of that. But as I showed real evidence, a home in Lake Denham (granted on a good lot) is about to make an almost 40% profit in 1 year with the only upgrades I can see being some landscaping.

The twisting that was done by the other poster, trying to call it "discounted" because they had to sell 20% lower than their list price is simply absurd. The 1.2 million list was a pipe dream. It was absolutely crazy. But they are getting 980K for something that was in the 600s less than a year ago.

[shaw8700@outlook.com]

I go into the app on my iPhone and I find the house. When you pull it up, scroll down to flyer and click on flyer.

The house I’m buying doesn’t say that. Wonder why it doesn’t?

[westernrider75]

Pending says $980,000. Closing in August.

Just curious where you saw that info?

[frayedends]

Just curious where you saw that info?

Rainger noted it’s on the flyer that you can click if you search the home using the app. I didn’t find the flyer on the website. I am curious why that would be shown. I don’t think it’s usual to show a price while under contract. Reason being it gives potential new buyers some leverage if the current deal falls apart. We can’t be sure until it actually closes. But if it was listed at 1.2 then 980 is reasonable.

[DrHitch]

Still selling 70-100/week.

Note that these pictures show new owners of homes listed through the VLS...not including pre-owned homes sold through MLS.

[coconutmama]

Just curious where you saw that info?

Me too. I don’t see a closing date.

And the price I see on the flyer is the listing price not the actual price it sold for.

[rsmurano]

People don’t get it. They think the sky is falling (tv real estate) when somebody is only making $200,000-$300,000 profit in a year or 2 instead of $250,000-$350,000 they would have got a year ago. I know friends that have bought preowned houses here in the last couple months and their sellers made well over $150,000 in 1 year with no improvements.
I also have friends that are trying to buy new houses/lots in Eastport and they are up against hundreds of others bidding for the same house/lot. TV is still using the lottery system. No price reductions here.
Now in the undesirable areas, TV was discounting because they weren’t flying off the sales sheet. These areas I wouldn’t look in with a 50% deduction.
As for a good time to buy, this is a perfect time to buy. I have cash so I don’t need to pay 7% for a loan, and there are fewer people out there that are willing to pay 7% interest or pay cash, so the seller is more negotiable on price.
Selling is different. If you can wait while selling and not panic, then you will do fine. But if you buy a new place and have to sell, then you put yourself in this situation.

[Altavia]

People don’t get it. They think the sky is falling (tv real estate) when somebody is only making $200,000-$300,000 profit in a year or 2 instead of $250,000-$350,000 they would have got a year ago. I know friends that have bought preowned houses here in the last couple months and their sellers made well over $150,000 in 1 year with no improvements.
I also have friends that are trying to buy new houses/lots in Eastport and they are up against hundreds of others bidding for the same house/lot. TV is still using the lottery system. No price reductions here.
Now in the undesirable areas, TV was discounting because they weren’t flying off the sales sheet. These areas I wouldn’t look in with a 50% deduction.
As for a good time to buy, this is a perfect time to buy. I have cash so I don’t need to pay 7% for a loan, and there are fewer people out there that are willing to pay 7% interest or pay cash, so the seller is more negotiable on price.
Selling is different. If you can wait while selling and not panic, then you will do fine. But if you buy a new place and have to sell, then you put yourself in this situation.

Agree. Waiting for discounts on homes nobody else wants is not smart financially at time of resale. A desirable home will appreciate more and resell faster.

They are building like crazy in Wellpoint now. Close to 50 homes in progress at the southern edge of Monarch Gtove and are starting 2-3 a day. The Villas that will overlook the golf courses have also started.

[Pat2015]

It depends on what type of home you purchased. Homes with great views and/or pools are making a great profit. Other types of homes are hit or miss depending on the LOCATION. Homes closer to squares usually sell quicker than those farther away.
Absolutely true! View lots, pools, etc., make selling very easy for a nice profit in the southern area of TV.

[Robojo]

https://x.com/TrishaFLsun/status/1803763885331112300

Ouch, sale by private equity (PE) landlord starting to unload houses at steep discounts. .
I can't be happier as PE landlords should be limited or prohibited.

Access to this page has been denied (https://www.zillow.com/homes/25080-Estrada-Cir-Punta-Gorda,-FL-33955_rb/81782624_zpid/)

TV has competition for VALUE per sq foot based upon the house alone. .
TV might hold its value more for the location. .

Its because of the PE landlord the normie can't afford to buy. Prices will come down everywhere and whether or not they do in TV depends on resalability.

Most of these homes won't last more that a decade without major repair.

[Robojo]

This resale in Lake Denham (that desolate area with nothing around it) is under contract. No way to know what they sale price is until after closing, but it was listed at 1.2 million.

I realize it's a "premier" but it's really just a nice designer home with no pool. Great location but I am being told that I shouldn't have bought in Lake Denham because I'll lose my shirt. Sale like this says otherwise.

The Villages(R) Homefinder - Find Your Dream Home (https://www.thevillages.com/homefinder?ulikey=L60V.32&lng=-81.93126567603665&lat=28.7598932477046&lvl=6)

So one dumb buyer saves your home value??? Not...

[Michael 61]

Its because of the PE landlord the normie can't afford to buy. Prices will come down everywhere and whether or not they do in TV depends on resalability.

Most of these homes won't last more that a decade without major repair.

Sounds ominous- what specific types of “major repairs” are you predicting for most new homes in TV within the next decade?

[gighilton]

I'm very familiar with that area. My parents bought their vacation home around there over 40 years ago. I've spend around a month a year for almost 40 years there. I even own some land around there that I bought in 2007.

It's extremely saturated with speculative investors. You can check the property records for any given street and often the majority will be owned by foreigners in South America or Asia, or some corporation. It's been like this for 20+ years.

I don't think there's any valid comparison there to The Villages area that proves anything. The area was oversold and now many people are in unloading mode. Just look at Zillow for that area and you'll see thousands of homes and lots for sale with many on the market for over 200 days.

You can't believe half of what is on Zillow. They have no valid verification processes. Also, there is demand for more secluded locations, not everyone wants to be near all the traffic. As long as people retire, TV is and will be just fine.

[frayedends]

Me too. I don’t see a closing date.

And the price I see on the flyer is the listing price not the actual price it sold for.

They can't close until August as they haven't owned it a year yet.

The house was listed for 1.2 million up until it went pending as far as I can tell. I watched it daily.

[frayedends]

So one dumb buyer saves your home value??? Not...


You figure it's just a dumb buyer. No one told them they are paying 40% too high? I'm personally not worried about it. My home in Lake Denham is worth 6 million. Or 200K or 800K. IDK because it's my plan to live in it, not sell it. Could that change, of course.

But if I do decide to sell I think I'll do okay. At the very least this sale gives a comp for realtors. I'm assuming it's a cash sale because I don't see it appraising for 980.

[Rainger99]

Rainger noted it’s on the flyer that you can click if you search the home using the app. I didn’t find the flyer on the website. I am curious why that would be shown. I don’t think it’s usual to show a price while under contract. Reason being it gives potential new buyers some leverage if the current deal falls apart. We can’t be sure until it actually closes. But if it was listed at 1.2 then 980 is reasonable.

I don’t know if that $980,000 is the original asking price or the pending price. Someone said it was listed at $1.2 million. But there is no way to check on that unless you look in the newspapers.

[KAM+6]

I'm very familiar with that area. My parents bought their vacation home around there over 40 years ago. I've spend around a month a year for almost 40 years there. I even own some land around there that I bought in 2007.

It's extremely saturated with speculative investors. You can check the property records for any given street and often the majority will be owned by foreigners in South America or Asia, or some corporation. It's been like this for 20+ years.

I don't think there's any valid comparison there to The Villages area that proves anything. The area was oversold and now many people are in unloading mode. Just look at Zillow for that area and you'll see thousands of homes and lots for sale with many on the market for over 200 days.

I think they are talking about the Village of Lake Denham near 470.

[frayedends]

I don’t know if that $980,000 is the original asking price or the pending price. Someone said it was listed at $1.2 million. But there is no way to check on that unless you look in the newspapers.

It was listed at 1.2. That I am sure of. But it is strange to see a price in a pending flyer. Perhaps they lowered to 980 before accepting an offer and that was the last listing price. Won't know for sure until August after it closes. But even if they took 900 they made a hefty profit in 1 year.

[maistocars]

Pending says $980,000. Closing in August.
Hmmm, they bought in 7/23 for $674.2k - nice profit.

[frayedends]

Hmmm, they bought in 7/23 for $674.2k - nice profit.

It sure is. Of course they could have an accepted offer at 900. We don't know for sure yet. Still doesn't seem like the sky falling.

I think key to this house (and my house) is the preserve view. Down in Eastport area they have water views and golf courses, but not much in the way of preserve view privacy yet. Certainly there is a huge difference in the Lake Denham interior lots that still have a few discounted and sitting. But private lots are all gone (well there are a couple resales still on the market that I think are overpriced).

[Randall55]

Hmmm, they bought in 7/23 for $674.2k - nice profit.Does the 674.2k original cost include the price paid for the lot? I think some information is missing.

The price I was given to build in the Enclave was a little over $1 million, including pool and lot. I can understand why the buyer would not pay full 1.2 million asking price. The home does not have a pool.

I am having a hard time believing the seller of the home paid $674.2k. The home is in the same area as the Enclave and was built a few months before construction started in the Enclave.

[frayedends]

Does the 674.2k original cost include the price paid for the lot? I think some information is missing.

The price I was given to build in the Enclave was a little over $1 million, including pool and lot. I can understand why the buyer would not pay full 1.2 million asking price. The home does not have a pool.

I am having a hard time believing the seller of the home paid $674.2k. The home is in the same area as the Enclave and was built a few months before construction started in the Enclave.

Lake Denham isn't really the same area as the Enclave. The Enclave is off of Dabney and it's a secluded area with little to no turnpike noise. This house is close to Megisson. FWIW I'm on Emiline and I can see this house from my back yard.

https://i.imgur.com/glOiLsUl.png


The house price of 674 makes sense. It is about 500 square feet larger than my house in Lake Denham. My house with the lot was $501K. So 173K more makes sense for the larger garage and extra square footage. Sale price would be the total price. I don't think the Villages lets you buy the lot separately, but I could be mistaken.

Some pics of my house lot...

https://i.imgur.com/zwWl534l.jpg

https://i.imgur.com/oPL86kwl.jpg

https://i.imgur.com/0kJYWvPl.jpg

[Randall55]

The house price of 674 makes sense. It is about 500 square feet larger than my house in Lake Denham. My house with the lot was $501K. So 173K more makes sense for the larger garage and extra square footage. Sale price would be the total price. I don't think the Villages lets you buy the lot separately, but I could be mistaken.

Some pics of my house lot (which is across the same pond as the house we are discussing)...

https://i.imgur.com/zwWl534l.jpg

https://i.imgur.com/oPL86kwl.jpg

https://i.imgur.com/0kJYWvPl.jpgIs your house a premiere? Some time last year, the Developer eliminated a few designer series homes. These models are now being built as premiere homes. If the seller bought the home when it was built as a designer model, he had dumb luck timing. $980,000 aligns with the cost to build a premiere home today. The buyer is not dumb. Either the original price paid for the home is incorrect or the seller fell into a windfall.

[frayedends]

Is your house a premiere? Some time last year, the Developer eliminated a few designer series homes. These models are now being built as premiere homes. If the seller bought the home when it was built as a designer model, he had dumb luck timing. $980,000 aligns with the cost to build a premiere home today. The buyer is not dumb. Either the original price paid for the home is incorrect or the seller fell into a windfall.

The original price is what is recorded with the deeds. It is correct and they came into a windfall. I don't really know how they got this as a "premier" because from everything we were told the Enclave was the first place to buy premier homes in a few years. This house was sold before anything was listed in the Enclave. Pretty much all the homes in Lake Denham are designers. I can't say how this became premiere. I'm really curious how it was originally listed. Perhaps they got the lot and custom build in that area of Lake Denham. When we got ours, they were all built spec homes.

But if you look at it, it's just a big designer home. It has the high ceilings, and the big garage. Other than that really nothing more to it.

ETA: If you want a premier, a little smaller at 2169 sq ft, this one in the Enclave is pending at $767, 800, exterior lot.

It still looks to me like resale houses on a preserve can make a killing in Lake Denham, while interiors continue to sit a bit longer in Lake Denham, Dabney, and the Enclave.

[Randall55]

The original price is what is recorded with the deeds. It is correct and they came into a windfall. I don't really know how they got this as a "premier" because from everything we were told the Enclave was the first place to buy premier homes in a few years. This house was sold before anything was listed in the Enclave. Pretty much all the homes in Lake Denham are designers. I can't say how this became premiere. I'm really curious how it was originally listed. Perhaps they got the lot and custom build in that area of Lake Denham. When we got ours, they were all built spec homes.

But if you look at it, it's just a big designer home. It has the high ceilings, and the big garage. Other than that really nothing more to it.That is my question. Was it built when a Sanderling was classified as a designer home? If so, simple dumb luck or the owner of the home is an investor who was privy to the change the Developer was going to make. You may look at it as a Designer home but the Developer now classifies it as premiere. Once the home hits VLS or MLS, it can be sold as a premiere. (even if the owner bought it when it was from the designer series)

BTW: Many premiere homes are simply designer homes with stretches. Some will pay $100,000 + for those added features. Is it worth it? For some buyers, it is.

I was comparing this home to those built in the Enclave because it would have the same cost to build. This home was built a few months earlier than the same model in the Enclave. Cost to build would not increase significantly in a few month time frame.

[frayedends]

I agree. Dumb luck or had some good info. There are a few other Lake Denham resale designers up for big bucks. I’m patiently waiting to see what they sell for.

[Bogie Shooter]

I see the usual suspects have entered the chat, spreading their hope for gloom and doom...

Seems that’s all they know……

[Altavia]

Lake County tax records confirm the original sale price...

Property Details : Lake County Property Appraiser (https://lakecopropappr.com/property-details.aspx?AltKey=3936423)

[Randall55]

Lake County tax records confirm the original sale price...

Property Details : Lake County Property Appraiser (https://lakecopropappr.com/property-details.aspx?AltKey=3936423)Interesting. The Developer increased the price of the designer models that he now calls premiere significantly. (over 100,000 k) The cost for him to build this house in Lake Denham and the cost to build the same model in the Enclave would be relatively the same. Like I said, they were built a mere few months apart. Cost of materials would not increase that quickly. If so, there would have to be a significant price increase in all types of homes built after the Enclave. This has not happened.

[JMintzer]

Interesting. The Developer increased the price of the designer models that he now calls premiere significantly. (over 100,000 k) The cost for him to build this house in Lake Denham and the cost to build the same model in the Enclave would be relatively the same. Like I said, they were built a mere few months apart. Cost of materials would not increase that quickly. If so, there would have to be a significant price increase in all types of homes built after the Enclave. This has not happened.

Do the regular designer homes have 10' ceilings? If not, doesn't that cost more to build?

400-500 increase in square footage doesn't cost the developer more to build?

The oversized lot (big enough for a pool) doesn't cost the developer more?

You're comparing apples to kumquats...

[Randall55]

Do the regular designer homes have 10' ceilings? If not, doesn't that cost more to build?

400-500 increase in square footage doesn't cost the developer more to build?

The oversized lot (big enough for a pool) doesn't cost the developer more?

You're comparing apples to kumquats...Its obvious you did not read the thread. Home discussed is a premiere with all the features you mentioned.

[CoachKandSportsguy]

in other news,
US home prices as measured by Case Shiller have hit another all time high

S&P CoreLogic Case-Shiller U.S. National Home Price Index (CSUSHPINSA) | FRED | St. Louis Fed (https://fred.stlouisfed.org/series/CSUSHPINSA)

cause: scarcity of available houses versus available buyers.
2nd level: working from home and refinanced low interest rates have caused less available houses for sale due to work related and growing family moves.

TV: the local tail getting wagged from the national situation, as the TV new joiners come from the national situation which is getting harder to turn over. .

[manaboutown]

If you think it is tough for buyers here...

"How expensive?” tracks measurements of California’s totally unaffordable housing market.

The pain: Orange County home prices are rising at the fastest pace in the nation, and you can blame the high-end buyer for that.

The source: My trusty spreadsheet reviewed home price indexes from First American Data & Anaytics for 30 US cities as of May, including five in California. The yardsticks have a curious twist – tracking appreciation by breaking the markets into three price slices: starter homes, mid-tier and luxury residences.

The pinch

Overall, Orange County prices rose 10.5% in the past 12 months, the No. 1 gain of the 30. That was driven by a 12.3% jump for luxury homes – also No. 1 among the 30 markets.

The county also had a 10.9% increase for its mid-section market (No. 2) but “only” a 8.3% rise for the starter segment (No. 6).

HOW NIMBY ARE YOU? Ponder common objections to new housing. TAKE OUR QUIZ!
Clearly, there are a lot of deep-pocketed buyers looking at Orange County’s more-expensive housing.

This is a different pattern than the nation overall, where house hunters bid up the lower-priced residences.

The median overall gain for the 30 US cities was 4.2% with increases of 3.9% for luxury vs. 4.1% in the middle and 4.6% for the most affordable housing."


From the Orange County Register.

[manaboutown]

/// double post

[Altavia]

Fla.’s Housing Market: New Listings, Median Prices Rise in May | Florida Realtors (https://www.floridarealtors.org/newsroom/flas-housing-market-new-listings-median-prices-rise-may-0)

"Fla.’s Housing Market: New Listings, Median Prices Rise in May
ORLANDO, Fla. –

In May, Florida’s housing market reported more new listings, increased for-sale inventory and higher median prices compared to a year ago, according to Florida Realtors®’ latest housing data."


Indicates The Villages has seen double-digit percentage increases this year in the number of homes sold over last year, ranking it second among all Florida metropolitan areas.

The report also shows that The Villages/Sumter County MSA is one of only two areas that have experienced double-digit growth.

[JMintzer]

Its obvious you did not read the thread. Home discussed is a premiere with all the features you mentioned.

Which is part of the reason for it's higher price.

It's obvious you didn't understand my post...

[Randall55]

Which is part of the reason for it's higher price.

It's obvious you didn't understand my post...
The home discussed is a premiere built on a water view lot in lake Denham. The home is IIDENTICAL to models built in the Enclave. It's obvious you did not read the thread or you are misunderstanding the information. Two IDENTICAL premiere homes- The one discussed in Lake Denham was built for $647,000 including the lot. The comparable in the Enclave over $800,000. The homes were built a few months apart. No difference in lot size.

[JMintzer]

The home discussed is a premiere built on a water view lot in lake Denham. The home is IIDENTICAL to models built in the Enclave. It's obvious you did not read the thread or you are misunderstanding the information. Two IDENTICAL premiere homes- The one discussed in Lake Denham was built for $647,000 including the lot. The comparable in the Enclave over $800,000. The homes were built a few months apart. No difference in lot size.

You're surprised that housing prices increased in the time from one being built in Lake Denham and then in the Enclave? And the houses you are comparing are NOT the same square footage.

Not to mention that some prefer the privacy of being in the Enclave, and that you have no idea of the difference (or not) or lot sq footage...

Once again, you are comparing apples to kumquats...

[Normal]

The OP was about Villages homes retaining value etc. Here is the actual straight shooting data from last month.

The Villages, Florida Housing Market Report May 2024 - RocketHomes (https://www.rockethomes.com/real-estate-trends/fl/the-villages-sumter)

The median price for a home sold in May in the Villages was 379,537 dollars, down from the year prior (2023) by 5,387 dollars for the same month. The median square footage price is about 250 dollars per square foot. Yes, homes went down in value, but they have increased over long term like most all homes in the US do.

4 bedroom homes took the largest hit at a little over 15%.

The original premise depends on year to year applicability.

[JMintzer]

The OP was about Villages homes retaining value etc. Here is the actual straight shooting data from last month.

The Villages, Florida Housing Market Report May 2024 - RocketHomes (https://www.rockethomes.com/real-estate-trends/fl/the-villages-sumter)

The median price for a home sold in May in the Villages was 379,537 dollars, down from the year prior (2023) by 5,387 dollars for the same month. The median square footage price is about 250 dollars per square foot. Yes, homes went down in value, but they have increased over long term like most all homes in the US do.

4 bedroom homes took the largest hit at a little over 15%.

The original premise depends on year to year applicability.

And 4 BR homes were waaay up in sales price in the last few years, during the covid boom...

We wanted one, but couldn't justify the price difference when we bought...

Now, they are dropping back to a more reasonable price.

The same with many homes, whose prices skyrocketed during the covid boom.

We went to contract in January, 2021. By April, 2021, the same model, with a similar lot (and often less upgrades) was $150-175K more...

Now, they are less than the peak, but still well over $100K more than we paid...

So, if you limit your price search to the last year, yes, prices have dropped. But in reality, they are sill significantly higher than 3-4 years ago...

If you want to look at a slight decrease in price in one year, after 3+ years of boom prices, have at it...

[Randall55]

You're surprised that housing prices increased in the time from one being built in Lake Denham and then in the Enclave? And the houses you are comparing are NOT the same square footage.

Not to mention that some prefer the privacy of being in the Enclave, and that you have no idea of the difference (or not) or lot sq footage...

Once again, you are comparing apples to kumquats... Both of the homes I am comparing are 4 BR Saunderling models with EXACT same square footage and a 4 car garage. The only difference is choice of fixtures, cabinets, and flooring. Perhaps, you are comparing to a different home in the Enclave. Yes, I am quite surprised with the huge difference in cost to build.You see it differently. Beauty and value are in the eyes of the beholder.

[Normal]

Both of the homes I am comparing are Saunderling models with EXACT same square footage with a 4 car garage. The only difference is choice of fixtures, cabinets, and flooring. Perhaps, you are comparing to a different home in the Enclave. Yes, I am quite surprised with the huge difference in cost to build price.You see it differently. Beauty and value are in the eyes of the beholder.

Numbers are absolute, there is zero emotion, exasperation or feeling behind what is. Numbers don’t lie.