Fenny exisiting Home $$$ increased
 

So we have been watching 3 particular homes in Fenny that we just might be interested in for the past 11 months or so since they were newy built.

We noticed the other day that all 3 homes had a price increase of $1000, maybe more because I tend to not notice the last 3 numbers and rather pay attention to the first 3. $429,??? is now $430,???....

Hubby believes and I concur, that because we all know "build out is a myth" that the new sales tactic is for sales agents to say, buy the home today as the price of this home is going up tommorrow?


.hummmm

We had a list of houses we were interested and we noticed recently price drops of 12-15K on several of them. We've been watching 8-10 houses over the past 4 months; most are still available. Seems like there are plenty of houses available in our price range.

Doesn't seem to me that tactics are needed at all. Clearly, construction and sales are moving right along.

Usually a markdown sale in July.

Don't forget to look at preowned homes. Many already have thousands in upgrades.

They are clearly adjusting prices to supply and demand, up or down accordingly. A house sits long enough, they may adjust the price down to move it. A popular model low in stock they may up it a bit. I just bought a Veranda home in Fenney a couple of weeks ago. There were 2 for sale with the same floor plan, both having water views. We settled on one of them and noticed the other one, about a week later, went up about 1000 dollars. We've been keeping close tabs since almost a year ago when we decided to sell our home to relocated to TV. There was one home in Osceola Hills that we looked at. Over our budget but we looked at it. Beautiful home with a huge pool and outdoor lanai and birdcage area, with a lot of upgrades. That home stayed on the market for a long long time as we watched it on the website. As great as the home was, it sat right beside one of the gates and within spitting distance of a neighborhood pool. The price was adjusted down several times until it finally sold not that long ago.

Let's keep your math on point. One grand at that price point is .2% annual inflation. Even four or five grand sounds reasonable, a bargain.

Where is any math, correct or incorrect, above? Just observations about prices going up or down, a little or not so little, and pontificating as to possibly why that is. Inflation could be a factor, but there is no denying that sometimes prices are cut and sometimes they are increased, if you watch closely enough. You'll also notice, in Fenney, that some homes will have an advertised "discount" while others do not. It's called business and marketing. They didn't invent it but they are certainly very good at it.

It's called marketing. Car dealers, retailers and developers all do it. If a business can't move a product at a given price they reduce the price after a period of time to move it. If a product is in high demand they can sell it quickly at whatever price the market will bear.

I'm guessing the price increases are an effort...to make up for a lack of golf cart sales.






(J/K....sorta) :D

I heard beer sales dipped. Maybe it’s a veiled attempt to make up the difference.

:popcorn:

:a20: No chance of that happening.

This post is about Fenney, and there are very few resales down here.

Most of the discounted homes down here are the new Court Yard Villas as they are in direct competition with the Designer Verandas both having fenced in yards. Other than those villas, there are a handful that are built up against 468 with a wall behind them, needless to say they are not selling well but really great deals even before the price reductions if you can take the road noise, they would be great rental investments.

With all of the new homes, and I'm sure, subsequent commercial development...that could be a real issue in the near future.