Hammock Fenney Lot Prices
 

I hear the lot prices at the newest Hammock Fenney start at 200k. It seems to indicate to me that higher prices and inflation have cemented in here at the villages. My concerns are growing about inflation for us all.

The prices are dictated by what the market allows as you indicated. I think that some things that happened nationally could have curbed inflation a little, but not stopped it. I think it is going to get worse before it gets better.

Real Estate prices are soaring everywhere. EVERYWHERE, not just here. At this time.

A rising tide lifts all ships.

Market Can
 

Wow, the market seems to be able to handle quite a bit. Get em while they are hot. One lot is 359k. Incredible

View lots always cost more. The view lots in our Village were sold out in a couple of hours, ten years ago.

A gallon of milk Walmart brand is now $4.27.

During our recent stay, we were told they are not even selling lots at this point. Just building what they call spec homes (not a spec home) and selling them and basing the price on a myriad of things including lot.

The increase in price sits between 25-35% in just over 12 months, which is definitely not sustainable for a community based on retiring. But currently it is still going strong with homes selling in mere hours of them being listed.

That is not true now. There are many lots for sale in Hammock.

Interesting. Through the Villages? Or on MLS?

Our last visit was just three weeks ago, so a lot must have changed.

There are 21 lots listed for sale on The Villages website. These are for new homes to be constructed.

I saw those previously and was told that those included the price of the home they were putting there. Starting price. As you change options (flooring, stucco, countertops, etc etc) it would increase from there.

Maybe we were given false information, but based on the pricing vs what existed in the past it made sense to me.

Maybe you misunderstood The Villages process? When you buy a lot, you are always limited in the type of house you can build on it, and you are given a base price for the house. Then, you can add options that will increase the cost of the house. It doesn't appear that the process has changed much over the years.

If you have a sales person telling you that you might want to find a different sales agent. Those prices are for the lots only. They are to build a Designer home on. You get to choose a floorplan (suitable for that lot) and customize within The Villages design process.

No I got that. I was just referring to the pricing only and that those lot prices come with a standard home included, rather than on top of that cost.

No, those are the lot prices without a house. When you buy the lot, you need to contract with The Villages to build a house on it.

We were definitely told different. I believe this forum more than my sales agent, which scares me a bit 😀

You are spot on.

Just looked online. Most lots listed now are in the $300's.

Wow!

Well, they are all "view lots", but still... Damn!

Price
 

That’s a lot of coin for some sand that has been pushed around.

I have noticed not as many houses or lots are now selling though. Maybe the higher prices are just the doctor ordered to slow this beast down.

Where did you get that info? Driving around there are a lot of sold signs on houses all over the place. Not much available on TV site for sale. I suspect there are more people in this Country that can afford the prices then the number of houses they will ever build. This will continue to be a more affluent population which is why outside development is growing with lower prices. The Beast will continue to be fed.

I received a notice from our Sales Agent about the release of those expensive lots yesterday...

Looks like 6-7 of them have sold in the last 2 days...

Well, when there is a monopoly on land and house construction, prices sure can rise more than the free market. retention view lots 2 1/2 years ago were about 100K, but don't confuse boardwalk asset price increase with daily consumption inflation. . .