Additional TV Expansion: Impact on Home Values?
 

With the additional TV expansion that will commence over the next few years, as opposed to a foreseeable build out, I am trying to ascertain what impact that will have on the real estate values of existing homes.
Please advise any comments regarding what impact the continued build out may have on values of current homes going forward. That is much appreciated and surely of value to other readers on this forum.

The Villages Purchases 2,327 Acres on Florida Turnpike

One thing is for sure. This acreage is solidly within Sumter County, which should continue to keep taxes decreasing for the foreseeable future and beyond.
:BigApplause:

I wouldn't worry about home values too much. 75 million baby boomers looking for retirement homes, preferably without snow and ice. After that come 75 million millenials. This is the reason developers all over Florida are killing it. Morse family has had more success than most, Villages still one of the fastest growing communities anywhere because it offers a great lifestyle for a good price.

I would worry more about the appeal of the lawsuit that could affect all the clubs in TV than additional homes being built.

IMHO, homes closer to the established town squares, shopping, doctors, and other amenities will hold their value, as well as various premier homes. It appears the recent announcements (like Fenny) are far enough away from the central locations that here MAY be some impact on prices. All we can do is wait and see but, I think the houses closer to the central locations will command higher prices.

:coolsmiley::coolsmiley:We first looked in 2000 and there were 8,000 home. Today there are over 55,000 homes. People are still buying and prices have certainly continued to increase. What will happen in the future? No one really knows. Enjoy each day we have here and the future will be what it will be. Oh, and in 2000 there was a foreseeable build out then too.

The Homeland theory....I think that's right.

I suspect they will create more central locations as they expand below 44.....will take some years but I don't think they will keep Fenny or the other areas isolated for long.

I prefer to call it the "motherland". Either way it could also be the "old world"

The impact will be determined by the home to amenity ratio. Will they build another championship golf course? More executive courses? More pools and rec centers? If you look at the new building going on up around Lopez, there are several new sections with a few hundred homes each and zero new facilities. If that continues and just adds more homes on the already taxed amenities, home values will drop. If the add new amenities then home values should continue the modest growth trend.

Unless someone is buying here with the plan to resell in the future (which seems counter-intuitive at this age), or aren't ready to buy yet and are wondering how much they will increase by the time they are ready to purchase...I'm not really sure why home values mean much. :confused:

Since I am a 'frog,' my children will be the ones that might be interested in it, but they are already well taken care of so my home value until I pass...means next to nothing to me. :shrug:

I can't speak about the pockets of new homes built in existing areas, but as far as Fenney is concerned they appear to be holding to the existing ratio of homes to executive courses: 1500 homes per executive course as I recall the plans included 2 new executive course. While I haven't seen the plan for the different sized recreation centers, I would assume it is consistent with what they have been doing south of 466A for the last several years.

Totally agree with you.

Why are most posters assuming the land purchase is for homes? The Developer is an excellent businessman and a valuable piece of land coming to market could be an investment for various uses other than homes.

Are you kidding me?

IMHO, this is real estate----location, location, location. TV is not the only retirement community in Florida. If new homes south of 44 are more desirable than other communities, the selling price will be higher and they will retain value. If resales north of 44 are more desirable, they will sell higher. If someone develops a better community nearby, then sale prices in TV will be lower. Seems pretty simple

"Please advise any comments regarding what impact the continued build out may have on values of current homes going forward. That is much appreciated and surely of value to other readers on this forum. "

Up

:agree:

I can't see the values going down as this is the most desirable adult community to live in. IMHO

I'm sure some people will disagree but that's my opinion and I'm sticking to it!

Thanks for the union comment! Without them I would still be behind the plow.
John Lynch

Expansion can be seen in many ways. I moved here in June 2011, not that long ago. There wasn't one home for sale or even standing south of 466A. That area was considered expansion. I went to the first open house in the new area. Sanibel was the only village and August 2011 they had about six open houses decorated on Braddy Court.

The 2000 census of TV was 80,000, I believe we are now around 115,000 or more. That expansion has brought a 50% increase in my CYV resale value. Can you imagine buying a brand new masonry Durham CYV for $157K, those shopping in Woodbury area would like that a lot.

Home prices have gone up all over the country since 2011. I doubt it is due to the expansion of TV

Some feel Pine Ridge and Osceola are already too far south. That's already reflected back on increased pre owned home values. No worries.

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