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The Villages Q2 Real Estate Update
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For those not on the email list, Q2 Real Estate Update from The Villages.
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Spanish Springs
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Lake Sumter
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Brownwood
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Deleted duplicate post...
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How do you get on the mailing list for these updates?
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With rising interest rates wonder how much price of homes will come down?
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We are looking at some of the new spec homes in the new areas. The prices have gone up from last year but they still aren't as high as the pre owned homes in other areas of TV. My question is why are the preowned homes so much more expensive than the new homes. It doesn't make sense to me.
Can someone please explain this to me? |
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For examples, we have upgraded our floors, put sliding glass, electric shades & a/c in our lanai, as well as many other items. Also our location is super. A stone’s throw to multiple pools, rec centers, dr offices and shopping. |
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Have purchased three new homes over the last several years near Lake Sumter Landing and 466a. At that time we found discounted new build homes because the developer wanted to finish the neighborhood and move onto the next project. There were some good deals to be had.
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They are overpriced. Many will need a roof, ac, water heater etc. better off with new
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upgrades done - these can be expensive Some of the bond paid bigger yards Closer to shopping and golf courses NO TOLLWAY NOISE Closer to more town squares Sometimes some furnishings or a golf cart. I have bought one of each, it all equals out |
IMO it’s mostly because upgrades like driveway painting, landscaping and interior upgrades have been done. Bond May also be paid, or paid down.
Personally, I don’t want the traffic that all the shopping areas bring, so that would be a negative on my list. |
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These stats are on Village sales, does not include Realtor sales. |
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With a new home, there are always upgrades that need to be made. Most pre owned homes have many thousands of dollars in upgrades. The area around an existing home is most likely fully build out and already has established traffic routes. As mentioned, established home MIGHT have replacement/maintenance costs sooner. |
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I also factored in age of roof, HVAC etc etc, and where I wanted to live. |
5 years ago when we bought a new home the re-sales were also higher and our agent said they always are. We looked at both and chose new because there was no wear and tear on anything and at the time you can pick any lot you wanted and they were cheap. Also took into consideration the new home warranty.
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Thinking it is best to decide if we stay in current house for some time before paying off bond and possibly not getting the money back from our buyer. |
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