New home prices
 

I have been watching new home prices in the southern villages for some time. Ever since "connectivity" became a reality, a lot of those prices have skyrocketed. Not just a couple thousand dollars, but tens of thousands. Small patio villas under 1000 square feet were in the 160-170,000 range. There are, as of today, 25 under 200,000 and many more above that. "Regular" patio villas, over 1100 square feet, go for $225,000 and up. Cottages, verandas and designers are going for 20-30,000 more than just a few weeks ago. This has nothing to do with impact fees, it's strictly a result of connectivity. I worry about the affordability of housing here going forward. It is, of course, good news for those of us who already own.

There will always be more than enough folks in the market who can afford what ever is the going price of the day in TV.

Growing from 35,000 to 135,000 population over the last 15 years with significant increases home prices all along the way is testimony.

Makes one wonder why those bridges were not built earlier.

Well, those of us in the purchase/design/construction queue over the past 6 months have seen 2 increases in construction costs totalling about 10 %. Nothing to do with connectivity, but with supply issues in windows and wood.

The Turnpike Enterprise and the gas pipeline company were not thrilled about the Water Lilly Bridge. I don't think TV had approval for the bridge before buying the land.

:coolsmiley: Refreshing to see an intelligent reply. Thank you.

Real estate across Florida is skyrocketing. It's an attractive state for work-from-home types: lower taxes, lower real estate cost, etc.
The Villages prices are going one way - up.

Very true. I noticed this occuring just within the last few weeks.

Lumber prices have doubled and everything else has gone up substantially as well. The developer has no choice but to raise prices. You can google lumber prices and see for yourself.

Gasoline prices have dramatically increased lately also. Look at what a golf cart goes for now compared to a couple years ago. If the new houses cost more the value of your existing house will also go up.

Is this post from 2007 when all real estate prices were skyrocketing?

Different tune in 2008 and 2009.

When the going price of the house you own is going up, it's easy to be happy. Realize, however that the value of what money you have in the bank is also decreasing. Trillions of USD being spent this year could also mean devaluation of the dollar in the future. 'Inflation' is a term easier to accept though.

Prices are going to rise. FLA is a destination now.
Compared to most NE states, Florida is doing very well with vaccinations. No income taxes.

Wall Street basically moved to Miami - COVID made them realized they don’t need to be in Ny (and pay all those taxes)

TV is a good destination for early 50’s who can work from home. I can get the first tee time on an executive course and be at my desk in 75 minutes.

It's just a fact that Florida is where people are moving to. We're getting ready to move to Florida from Washington state. A 26' U-Haul truck from WA to FL is currently $6950. The same truck for the same dates from FL to WA is $1107. All the trucks are going to FL and TX. They just about have to pay people to drive the trucks back to the places people are moving from.

I heard from one of the agents at an open house yesterday that there are going to be 2 more price increases within the next 6 months due to the cost of material, fuel, road impact fees ( they'll tack that on before it even happens), labor, etc. Not only has lumber sky rocketed but metals too. Another thing is they cannot get washers and dryers so these higher priced villas do not have them included. One good thing is we are being told inflation is under control, NOT. The really good thing is if you already own a home it's value too has gone way up.