The Villages Q3 Real Estate Matket Update
 

The Villages Q3 Real Estate Matket Update

Prices are starting to come down

Market is still hot!

Second quarter numbers.

Q2 Market Update 2022

And first quarter numbers.

Q1 Market Update 2022

The prices seem steady but the sales are down.

Third quarter numbers

Preowned - $487,000 average sales price; 35 days on market
New - $432,000 average sales price; 9 days on market

Total pending - 1383
Total closed - 1310

Second quarter numbers

Preowned - $470,000 average sales price; 19 days on market
New - $434,000 average sales price; 6 days on market

Total pending - 1568
Total closed - 1734

First quarter numbers

Preowned - $475,000 average sales price; 19 days on market
New - $403,000 average sales price; 8 days on market

Total pending - 1885
Total closed - 1616

Q3 2022 versus Q3 2021 (real estate sales are seasonal):

Pre-owned homes — the number of units sold has fallen but the average price is almost 25% higher ($487k versus $394k). The number of days on the market is much higher (35 versus 16).

New homes — the number of units sold has fallen but the average price is higher ($432k versus $381k). The number of days on the market has fallen somewhat (9 versus 12).

Q3 Market Update 2021

Curious about days on market for new construction at 9 days- you place a deposit on the lot, then your home is built, then you close right? That doesn’t all take place in 9 days?

Spec homes …..