A LOT of new homes.
 

Just curious what some of the sage residents might have to say about the seemingly huge inventory of new homes available. As of Nov 15 there are 372 and at least another 100 ready to come on line at any moment, totally completed and CO's, in Hillsborough. Almost 500 new homes for sale and a considerable amount left in Collier, an absolute building frenzy as far as the eye can see in Hillsborough, what's going on? These aren't the $175K versions, low $300's to $700's. I am thinking an inventory reduction program during the coming holiday season. Any thoughts?

I believe it is getting very very crowded here as evidenced by heavy traffic empty food store shelves and long lines...and we are not even in prime season yet

The design program is coming to an end and only spec homes will be sold. As efficient as the design process was, the spec program will be warp speed.

Well I'm not a sage but this I know. They're selling homes a record pace. The high season is coming and they want a large inventory for the hungry shoppers. They don't want to hand out rain checks or tell them sorry this is it. Yea the prices are up but so is the demand. I'll bet the houses won't stay on the shelf very long. JMO

Gary Morse knows in his heart that, "if I build it, they will come".

They will sell quickly and prices are on the upswing.

there are sure a lot of homes being completed, sold, and occupied. no chance the prices will be reduced. why should they be? a shame that there are no more custom features allowed. on some streets the homes are all practically identical, same models and the same color. that is a shame.

According to their ads, they are selling over 260 houses a month. That means there is only a little over a month's inventory on hand. A lot of car dealers wish that they could keep their inventories that low!
According to my neighbor, a Villages salesperson, they can't build fast enough.

Was told by my builder this week that they are aggressively constructing south of Hillsborough Ave. and that they are maximizing home size to whatever the lot allows with as many as possible high end features. Seems this is a means to counter the fact that they are not allowing home design by consultation and by constructing higher end spec homes. Seems like a good thing.

Yes, i've noticed that spec home prices have gone up but the new ones are bigger and have more custom features.

How many will be priced out of the market???

That will be interesting to see. It appears to my eye that many. maybe most home built to order have upgraded choices south of 466A. I am sure that they make choices about what to build from what they have been selling. Nothing slow about them.

for us it will mean another $100,000....not sure what we will do

There is still a surplus of rather well-heeled baby boomers who are now the target market. These higher end homes really appeal to them and result in lots of quick sales and bigger profits.

We are past the day when a good part of the target market was the middle class workingman who could just afford that stripped down patio villa or ranch home.

Perhaps priced out of the new home sales market - but not necessarily out of the slightly used home market. The latter will permit the customization that the new spec homes do not permit!

BTW - prices in the historic neighborhoods have been on the rise, too. But that usually happens as 'the season' comes upon the villages; remains to be seen how much of a longer-term impact the new home sales market might have on those neighborhoods.