[Altavia]

The Villages Q3 Real Estate Matket Update

[Stu from NYC]

Originally Posted by Altavia

The Villages Q3 Real Estate Matket Update

Prices are starting to come down

[justjim]

Market is still hot!

[Rainger99]

Originally Posted by Stu from NYC

Prices are starting to come down

Second quarter numbers.

Q2 Market Update 2022

[Rainger99]

And first quarter numbers.

Q1 Market Update 2022

[Rainger99]

The prices seem steady but the sales are down.

Third quarter numbers

Preowned - $487,000 average sales price; 35 days on market
New - $432,000 average sales price; 9 days on market

Total pending - 1383
Total closed - 1310

Second quarter numbers

Preowned - $470,000 average sales price; 19 days on market
New - $434,000 average sales price; 6 days on market

Total pending - 1568
Total closed - 1734

First quarter numbers

Preowned - $475,000 average sales price; 19 days on market
New - $403,000 average sales price; 8 days on market

Total pending - 1885
Total closed - 1616

[spinner1001]

Originally Posted by Altavia

The Villages Q3 Real Estate Matket Update

Q3 2022 versus Q3 2021 (real estate sales are seasonal):

Pre-owned homes — the number of units sold has fallen but the average price is almost 25% higher ($487k versus $394k). The number of days on the market is much higher (35 versus 16).

New homes — the number of units sold has fallen but the average price is higher ($432k versus $381k). The number of days on the market has fallen somewhat (9 versus 12).

Q3 Market Update 2021

[seecapecod]

Originally Posted by Altavia

The Villages Q3 Real Estate Matket Update

Curious about days on market for new construction at 9 days- you place a deposit on the lot, then your home is built, then you close right? That doesn’t all take place in 9 days?

[jarodrig]

Originally Posted by seecapecod

Curious about days on market for new construction at 9 days- you place a deposit on the lot, then your home is built, then you close right? That doesn’t all take place in 9 days?

Spec homes …..