[Luv2Bretired]

Although I was fortunate to close sales on both my business and my house in late March due to the pandemic I have decided to remain cautious and not move down until at least June. It appears housing markets around the country are being adversely affected. Sales contracts are being canceled and rents are coming down. Now I realize The Villages is literally an anomaly which cannot be compared to typical American communities so I thought I might put it out there. How do current residents view the housing market in The Villages?

Do you see the pandemic impacting rents and sales and if so how much and in what ways?

[Pinball wizard]

I am friendly with the real estate agent who sold me my house. I saw him the other day and he said that he has seen a very slight decrease in customers.

[l2ridehd]

Sent you a private message.

[vintageogauge]

They are still selling a lot of new homes (our realtor told us still 5 to 6 per day) and prime building lots go the day they are released. There are a few clusters of homes that they have reduced the pricing on but they are not on very desirable lots and not in desirable areas. Used homes I guess depend on the area, designers on view and/or golf course lots south of 44 are selling at pretty high prices and many are realizing 6 figure profits.

[karostay]

Your making a wise decision..The fat lady hasn't sung just yet
Recovery will be slow .I don't think rents will be weak they may actually increase as prospective buyers throw caution to the wind
By opting to rent rather than purchase until recovery is well under way

[villagetinker]

A friend of mine that has some rentals properties implied that rentals are down (apparently due to all of the closures in TV), however I have not direct knowledge on this matter.

[RealJudy]

Today’s paper has an informative analysis of the market values here in The Villages. It covers the past 20 years of market values. You can read it on The Villages app if you don’t subscribe to the newspaper..'

[saurage10]

Originally Posted by l2ridehd

Sent you a private message.

That is why I do not drink cheap wine.

[Andyb]

New short term rentals are banned till May 1, per the stay at home order by Governor DeSantis.

[GoodLife]

The most recent housing market data has already shown signs of this playing out in the United States. Web traffic to real estate portals like Zillow and Redfin dropped by almost 40 percent in the immediate aftermath of the pandemic. New listings of homes for sale initially dropped by as much as 70 percent in some markets like New York and East Bay, California. Weekly mortgage applications dropped 17.9 percent in early April.

How coronavirus will impact the housing market - Curbed

[jblanding]

Originally Posted by Luv2Bretired

Although I was fortunate to close sales on both my business and my house in late March due to the pandemic I have decided to remain cautious and not move down until at least June. It appears housing markets around the country are being adversely affected. Sales contracts are being canceled and rents are coming down. Now I realize The Villages is literally an anomaly which cannot be compared to typical American communities so I thought I might put it out there. How do current residents view the housing market in The Villages?

Do you see the pandemic impacting rents and sales and if so how much and in what ways?

From a buyer and seller's perspective:
We put our house on the market with The Villages Properties in early February. At the time, our house was showing and we had a couple of open houses. For the past month, showings have been rare and the Villages suspended all open houses. So very little activity from a seller's standpoint. As buyers, we found that some people did not want their houses to be shown during the shutdown and some even took them off the market. Fortunately, we just found a house we love and the owner who was looking to downsize suggested we swap houses. So we sold and bought a new house in the same day. I am not sure that happens very often so we were lucky. Depending on what section of the Villages you are considering and your price range, there are many anxious buyers out there. It is a good time to be buying especially with lower interest rates but we did not see a lot of drop in prices. We live in the north end of The Villages and with our price range, size and other requirements there were only 6 or 7 houses to consider. A little farther south near Sumter there are probably 50 and probably more even further south. Also, all the individuals (appraisers, inspectors, bankers, etc.) needed to make a closing happen are working and signing all paperwork can be done electronically. If you want a really wonderful real estate agent, contact Linda Canada-Stuck at The Villages Properties. When she found out that the seller of our new house suggested we swap houses, she jumped on it and the deal was sealed.

[davem4616]

haven't met a sales person yet that wasn't 100% optimistic and upbeat....that's why they do what they do

You might be wise to rent for 2 -3 months to really get a feel for TV before buying if you're not real familiar with it already

[merrymini]

I would be very surprised if the current situation did not affect the housing market. How bad or how long we will see. People seeing the value of their stocks etc diminished are not feeling as flush either and may not move forward.

[J1ceasar]

20 million unemployed meansnorthern homes will reduce and that means less money to buy here.

[cmj1210]

We had our home on the market when this all happened. We went from 2-3 showings a week to 0 once the Pandemic hit. We decided to stay put until we see where the market goes. We have been getting phone calls and postcards from realtors....more than normal.

Originally Posted by Luv2Bretired

Although I was fortunate to close sales on both my business and my house in late March due to the pandemic I have decided to remain cautious and not move down until at least June. It appears housing markets around the country are being adversely affected. Sales contracts are being canceled and rents are coming down. Now I realize The Villages is literally an anomaly which cannot be compared to typical American communities so I thought I might put it out there. How do current residents view the housing market in The Villages?

Do you see the pandemic impacting rents and sales and if so how much and in what ways?