Richmond - Still Red Hot!
 

The new homes in the final build out of Richmond are starting to list. Just as in 2022/2023, Richmond is extremely popular with new home buyers. So far, every new listing has gone ‘pending ” immediately. The demand for Richmond does not appear to have cooled at all, even with the changes in the market over the past two years. I expect these homes to continue to be snatched up the same day they come on-line. Question is, how many of these homes are being purchased by investors?

Almost, not quite.

There were four which were on the market for a few days.

You are correct - thanks - as of right now everything appears “pending”.

Not a surprise at all. Pretty much the best location you can get for a new build if you want to be close to Brownwood and the South of 44 amenities. Quick access to Meggison and S. Buena Vista blvd makes it even more attractive.

Great location.

But I'd be a little leary of homes near the mobile homes, no telling what might end up there at some future point

That mobile home park is sitting on “prime” property, especially as TV grows in the future. Highway 44 is going to be built out with lots of commercial properties in the years ahead, and I can see a developer coming in and “eyeing” the mobile home park for redevelopment.

Surprised to see, so far, at least one home in the new Richmond area is a Premier home. Listed for over $871k and pending by noon the day it was released.

Still waiting after 10 years for anything worthwhile to be built on 44. You got doctor's offices, a storage facility and a place that sells rocks

The Super Walmart announced for the corner of Morse and 44 may be the start.

The new premier homes are simply the old designers with 10 Ft. exterior walls thus the low price for them.

Also an upscale restaurant, hotel, pizza, bbq, craft beer restaurant, a WaWa on the books and more.

If one lives south of 44, you will see multiple Kroger and Walmart delivery guys. Why waste time grocery when a really nice person rings your doorbell at the time you choose, with everything on your list. Younger residents don’t bother shopping when it can come to your door. Then again when was the last time you shopped brick&morter. It’s been over 10 years for us, after all what could you possibly need, that one doesn’t already have more than one. Seems the only people upset about lack of retail s of 44 is those who done live there.

Since the younger crowd need far less medical facilities, that once a year or two appointment isn’t a big deal. I hope it takes ten more years for more retail to move south with the traffic. Retail is why we left LSL area. Even our parents online only, so their age bracket online order is their go to

Lake Deaton Plaza is on 44...

Well, 10 years ago there wasn’t nearly the expansive development that there is now and coming in the next few years. My understanding, It took 466 quite a few years to build out, and now 466A is filling in quite a bit - once 466A is complete, 44 is next. Wal Mart just got announced for 44 and Morse, and I would suspect you’ll see other retail follow over the next few years.

I've been watching as the new homes in Richmond are released, partially because they're close to us, and just out of curiosity to see how fast they sell/what prices they are going for. This isn't like an investment firm swooping into a Patio Villa neighborhood and buying up a block of homes to either flip at the 366 day mark, or set up as rental properties, or both. This also isn't like the peak COVID craze. The high prices and large home sizes don't seem to lend themselves to quick flips, although maybe Richmond is still just that hot.

Does anyone know DEFINITIVELY why The Villages didn't just build out all of Richmond at one time?