Homes for sale
 

Does anyone have any numbers on current homes on the market in TV? Either in the MLS, or the Villages listings or both? Seems as though a lot of homes are currently for sale.

I counted 1,601 houses for sale in The Villages, including 1,153 houses listed by The Villages, and 448 houses listed on Zillow. That is more than double the number about 2 months ago.

Months’ supply.

Housing economists track the balance between supply and demand with metric known as “months’ supply.” It presents how many months it would take to use up the current supply of homes at the current rate of demand. It takes into account current inventory, rate of replacement and the rate of disappearance. A six-month supply is considered healthy.

How to Tell if Your Local Real Estate Market Is Healthy | Total Mortgage Blog.

With approximately 2000 homes sold monthly in The Villages, there would need to be 12,000 homes listed for sale at any given moment. That would be at least 20% of the approximately 60,000 homes currently in The Villages (new and pre-owned).

I would bet there aren't more than a thousand resales through MLS, and maybe double that through The Villages re-sale agents.

In other words, the market is STRONG and the activity you are seeing is not a cause for concern. If anything, there are not enough re-sales to satisfy demand, given the number of buyers who want to land in the more developed neighborhoods.

new homes is about 550 homes. Taken with retiredguy123's counting, these numbers are higher than usual but the ratios are pretty constant with historical numbers.

Two months ago COVID was raging, and summer months are generally when people try to sell.

Seems very normal to me.

According to the Villages listings in the Daily Sun, they have sold around 1,990 pre-owned homes from June of last year through June of this year. This yearly total amount is a little bit behind their sales of pre-owned houses from two years ago.

This is WAY OVERSTATED. This is closer to reality: "With approximately 2,000 new homes sold annually in The Villages"

My guess is that 300-400 new and preowned homes are sold monthly, TV and MLS combined.

Right you are. Got my months and years screwed up. Too many zeros.

Thanks for the correction.

Seems like a year's supply of homes on hand is alot.

People moving out of dodge and fewer people moving in.

The Villages does not advertise length of time on the market. Zillow does. When I was looking in November, resale inventory was at an all time low. Realtors were getting very worried about getting listings in 2020. I sold my home in 4 days. I was looking for something between $400K-$500K between 466A and 44. The Villages had 8 and MLS had 12. There were two for sale by owners. Now I look and the numbers are way up, and on Zillow, the length of time on the market is getting longer and many homes are now reducing their prices. This may be a seasonal thing, but supply is definitely increasing and the market is not as hot as it was. My Villager realtor (used when I was buying) said there has been a significant slow down. My other MLS realtor that sold my house said the same thing.

I have been watching these listings for over a year. The numbers of listings are going up but so far there has been little decrease in prices. The most interesting thing to me is that TV listings stay pretty close to 200$ a sq ft which is far higher than MLS. Anyway I will be a buyer hopefully soon.

As of today, 6/25, there are 378 preowned homes active FOR SALE on MLS. There are 455 preowned homes active
FOR SALE On VLS.

No Trolleys
 

Do not have actual numbers, but the trolleys, that used to go by our home, have yet to reappear. Used to see them about every hour And often more frequently than that. An indicator to us that sales have slowed amid virus concerns.

I'm selling soon (building now) so have been watching & speaking to brokers.

They say they are using videos more often and many are sold right off the video

Homes for Sale
 

Many Villagers are selling their homes to move to the newer developments south of 44A. We have several neighbors who are doing that.

On the MLS side we have been running around 340-350 listed homes. Last year at this time we were in the low 200's. Definitely a Covid affect on homes for Sale. This year we were running about 240 homes for Sale in the 2020 Prime Season and traditionally the Homes for sale on the MLS goes down starting in May, but this year they actually went up after the Late March/early April Lockdown.

Some very good friends sold theirs the second day on the market last month. We sold ours two days ago after 30 days on the market.

did U use MLS or TV?

We have mixed feeling about who to use, we think TV just can spend more advertising $$ looking at the paper MLS hardly have ad space.

People coming here to buy must go to the TV sales office first to look

Every now and then we get knowledgeable, thoughtful responses here. Thanks.

There is no net loss on the Villages population.

Our Jasmine in Fenney was listed on 1 March at less than the 200/SF price with some minor upgrades, but very nice! It is still on the market today (87 days). It is listed with a TV sales associate. As of yesterday there were 10 pre-owned and 14 new build Jasmine models, just on the TV listing page! But it depends on the model, across the street our neighbor sold an Ivy, under 200/SF in about 22 days! Our sales associate says it is SLOW (she is #11 in last years sales, over 20 year TV sales associate). I personally think they are going to have to slow down new builds. And with the pandemic thing appearing to ramp up again It’s not really looking positive for sales that were just as many here have said prior to March, 1-3 days on market and sold!

We got our FSBO under contract yesterday. No video but very good professional pictures. Five days on market. Received "market analysis" from three agents. Two were flawed with the one from The Villages being absolutely horrible. Listed higher than all of them.
The offer was 99% of list price.

Received several solicitations from agents to list with them. Most used an approach along the lines of ReMax Premier basically selling a home is waaay to complex for anyone to do besides them. The better agents called who wanted 2.5% if they brought a buyer (fair).

The Villages agent presented stats for closed homes during COVID, 180 to 195 per month.

Edit to add: a FSBO seller gets many offers to list on MLS from free to half a percent on top of 2.5 to the selling agent. The free service counts on you using them for closing (perhaps they make something there) but that is not required.
They make more money because some people call the listing agent, that's them, and they will get 2.5%, they are playing the odds. A little commission on some sales is worth the effort. Kinda makes you rethink the whole 6% is worth MLS.

To a large degree MLS isn't necessary as most buyers start online with Zillow which is free and available to homeowners.

I think you may see incentive to buy, whatever it may be, on new homes listed by TV. I don't think they will slow down development at this point. From what I have read, there are many new builds that are not listed yet, but are ready to go. There is a lot of inventory sitting in The Marsh Bends, Mohawk Grove, Deluna, and
Chitting CHATTY neighborhoods, IMHO.

TV website just posted a bunch of "those" new homes of which I was discussing a bit ago. Included were the 2br 2ba with a carport, no garage. Different.

Agree 100% - this describes the activity in our area

We have been looking for few months, 3 homes that were less than 6 years old, were Listed $250,000 to $300,000, From original price, with very few upgrades after original purchase. So far in the last 3 weeks all 3 homes came down $50,000. Due to little to no traffic

Two years ago, when we sold our designer in a nano second, the southern part was just getting started and hadn't gained in popularity. We used the TV sales agent who sold us the (new) house but had him out to discuss whether he would actually push it over new housing. When we bought that house, he only took us to three used houses, and they were pretty awful. It was okay with us at the time, because we really wanted a particular area, which meant a new house.


Now someone on Next Door has said you really have to dig on their web site to find the listing of pre-owned houses. So I assume they are back to favoring showing new rather than used.


Our sales agent assured us that yes, they would push pre-owned houses because most people wanted to be up where the amenities and golf cart access were.


I think that has changed over the last two years. South of 44 is becoming more and more popular.