TV current buildout rate
 

I was talking to one of the employees at a local hardware store and he claimed that there are currently 5 different builders working on TV buildout. Each are committed to 100 new houses per month which according to my awesome math abilities sounds like 500 new houses here every month!

Does this sound plausible or even possible? If so, that's a rather stunning figure (to me anyway...)

You should confirm this with at least three bartenders and three golf course ambassadors before speculating on social media.:a040:

Watching the construction progress in the areas south of SR44 the numbers appear to be very possible but a little on the high side as that would be 6000 home per year or nearly twice what the sales data that been released would indicate. The rate of building obviously varies from month to month based on a number of factors.

The developer does appear to build up inventory during the summer months to have adequate for the winter/spring buying season that happens here when seasonal residents and renters are at their peak.

I would consider the source of the information, not exactly a member of the inner circle that is in the know.

I doubt the rate of building is slowing or will anytime in the foreseeable future.

:bigbow:

Please note the terminology "build out" is a meaningless designation.

I have been listening to the build out urban legend for 15 years.....during the build out TV has gone from 35,000 to 115,000!!!!!!

That 115,000 is destined to double based on current planning.

During 2004/2005 TV was selling/building/closing at a rate in excess of 400 per month.
The demand was such there were quotas and lotteries to obtain a newly built home.

In my opinion TV will continue as long as the market and land availability supports the planning.

No-one who is currently living in TV will ever live long enough to see final build out--I believe the last rec cents will be outside of St.Pete

Agree!!! LOVE the rumor mill in this community that always claims..."I know a guy who knows someone that works (fill in the blank) and they should know because...."
IF you ever go to "An Evening With The Developer"---he will say "it's not true unless you hear it from my lips OR read it in The Daily Sun"!!! I've found THAT it what has been true!! Five builders however probably is the "grain of truth" to the comment.

That's funny!

Anyone can make/take a guess from this data ->

Historical annual home closings and historical annual average sales prices (home and lot) in The Villages are as follows:

Year Homes Sold (Home and Lot) Average Sale Price
1986 511 *
1987 543 *
1988 517 *
1989 542 $ 74,000
1990 502 79,000
1991 430 81,000
1992 562 87,000
1993 567 93,000
1994 686 98,000
1995 700 106,000
1996 753 115,000
1997 1,054 119,000
1998 1,321 129,000
1999 1,544 139,000
2000 1,776 151,000
2001 2,074 156,000
2002 2,260 163,000
2003 3,329 168,000
2004 3,955 204,000
2005 4,263 232,000
2006 3,935 257,000
2007 2,403 251,000
2008 2,236 231,000
2009 2,115 229,000
2010 2,208 231,000
2011 2,307 241,000
2012 2,850 244,000
2013 3,419 271,000
2014 2,601 304,000
2015 2,294
2016 1,966
2017 2,231

Every new year leads to an increase of pre-owned homes competing against new homes for sales .

I no longer believe there will be a 'buildout'.

I cannot vouch for the accuracy of this info, but last year when we closed on our house in April 2017, the builder told my husband that he was one of 20 builders in TV building homes and that he had built 100 homes in a year. SO that would amount to 2000 homes in one year. Also this builder said he expected to be in business in TV for at least 20 more years.

And then he will be able to retire to The Villages. :a040:

Used homes sell fast too, unless they are priced unreasonably or poorly kept.

The 8 year old who is living in Country Club Hills with his 41 year old mother might ...???

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I plan on seeing the last house built, I'm just a youngin. :icon_wink: