Will this happen in The Villages?
 

Our lifestyle tour realtor said that price declines elsewhere in Florida don't significantly impact the home values in The Villages. What has been your experience?


Florida Housing Market Facing 'Widespread Price Declines' - Newsweek

The top ten commandments in the training for a Village realtor are Thou shall not say anything negative about the TV. Also, it is a Jedi mind trick these are the homes you're looking for. These issues matter twice before you buy and when you sell. Enjoy the Middle.

Only 20%--25% decline over the last 2 years. Not bad.

Prices have gone down all over after going up about 50% in a few years.

Shhh. You are not a Village realtor...LOL

Yes that is my experience by TV salespeople for the past 20 years - I suggest you research 2008 sales.

Really? Are you being facetious?

I can't find a graph that goes that far back.

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I am wondering the same thing. Homes for sale in our Village. (Bridgeport at Laurel Valley) have sold quickly and for much more than they were purchased for.

Sometimes I think that outside realtors who can't sell the new homes are jealous of the Village realtors. I haven't heard or seen any drop in prices.

I have lived in my home in TV since purchasing it in 2016. Nothing less than the value going up each year and more than doubling the purchase price. Just stay away from Condos

[QUOTE=SoCalGal;2402545]Our lifestyle tour realtor said that price declines elsewhere in Florida don't significantly impact the home values in The Villages. What has been your experience?

Like the nation, not just Florida, homes here have declined some in price. Why would a sales agent say otherwise ? A few meticulous agents out there that even though it might effect their income probably exist and will tell you the absolute truth, but, use your head not your emotions, you KNOW that prices go up and they decline, always have throughout history. I've found overall, after the ups and downs here, and in other locations, the overall effect is most homes will appreciate over time. Of course there are some examples, especially in large cities where economic collapse has been catastrophic, where homes have gone to nearly no value. Not likely in Florida would be my guess, but only one opinion among many. As an aside, I think many folks that might be the fate of the original portion of the villages. Once a community of manufactured homes, then some site built homes, it's now in a renaissance stage, homes sites completely razed, beautiful brand new site built homes on many lots, many other updates to rec centers, parks, etc. and one of the most beautiful country clubs in the Villages. It's always a good sign to observe what happens to the very first areas of a development even if it's not the area you are considering. It at least gives a clue as to if the area will be maintained, improved, or ignored in the future.

Looking at the sales data from the Sumter Property Appraiser through the end of November certainly doesn't support a reported drop in sale prices.

Looking strictly at homes that sold after 1/1/23 and were again re-sold in 2024, the average price increase was over 18%. True, this is a decline from the wild increases we were seeing before 2023, but if you can re-sell your home after a year and make 18%, I'd say you're doing pretty well.

Apples to oranges within the Villages. You live in a premium Village in the northern golfing mecca part of the Bubble where everything is built out, mature, and golf cart accessible. The supply of those types of homes is very limited compared to the thousands of homes being mass built in the relative golfing desert, where limited infrastructure is built out and golf cart accessible. Then there is the whole bond thing in the newer areas versus the little to no outstanding bond balance in the northern areas.

They have dropped in past year since interest rates went up. Having said that we are here 5 years and our house worth substantially more than we paid for it.

It does not matter that much as we have no intention of leaving this great place.

Both Zillow & Redfin estimate resale homes in The Villages have declined in Selling Price, between 12-15% since the peak 3 years ago. In a huge % of cases, Zillow won't provide a Zestimate of current value, because of a lack of sales data and the volatility of the market.

If your home selling price depreciated by 15% in the last 2.5 years, when you add in a 5% Broker's Commission to sell it, you just lost 20% of your value.