Interesting - Villages Realestate?
 

Another point of view:

https://www.youtube.com/watch?app=de...ature=youtu.be

Only MLS data.

Is there any reason to think that The Villages Realty listings wouldn't follow the same trends?

New homes released in Richmond yesterday were snapped up immediately.

The graphs are only resale homes sold through the MLS. New homes are a different animal.

Absolutely.

Care to elaborate on that theory?

I've no dog in this fight, but MLS is resale only while VLS is primarily new homes.
New homes are being scooped up so fast there's a lottery.

I'm just sitting tight, so it doesn't much matter to me right now.

VLS is NOT primarily new homes. In fact, it's almost 3 to 1 the other way.

New homes are certainly a different animal but I thought it was starting to follow the existing market more closely about a few months ago but I was wrong and it's all because of Richmond. When they started building in West Deluna (actually just Deluna), homes just sat and I mean over hundred, which is completely out of character for TV. I thought, here it goes, we finally have hit saturation. But people were just waiting for Richmond. Now that Richmond is in process, people are finding out that 20 other people have bids on the same house and nothing is available. So, those same 200, 300, 400... potential home buyers that waited on Deluna in hopes for Richmond are now relegated to buying in Deluna in my opinion. There were 200+ NEW homes available back in June, mostly in Deluna. Now there are 100.

Things in the bubble are different than anywhere else. People that want to move here are still coming.

Count me as one of those potential DeLuna buyers, that held out for Richmond - had Richmond not been on the horizon, I think more DeLuna homes would have sold over the summer - once Richmond is built out and sold in the month or so, I think you will see some who were unable to secure a home in Richmond snatch up what’s left at that time in DeLuna. What will be a test case under the current economic situation is how timely Newell sells.

Does anyone know if Newell is in the unincorporated part of Lake County or is it part of a town? How do Lake County taxes compare to Sumter County taxes? Unincorporated areas and those areas that are parts of a town such as Wildwood or Leesburg.

Home sales where the buyer has a contingency on the sale of the buyers home is starting to introduce delays.

I doubt contingency's are permitted for new home sales.

I agree that new home sales may indeed have a different dynamic than pre-owned, and that inside the bubble may be different than outside the bubble, but I think that TV is not totally insulated from market factors that effect the entire country.

But, what I am really interested in is why someone would think that selling a pre-owned home via MLS would be affected differently by overall market trends than selling the same home via The Villages Realty. Unless the comparison was being made between "pre-owned" MLS and "new", which as we all know, are only sold via The Villages Realty.