[Leafpoker]

Talking to an investor tonite at LSL.he was telling me, starting early to mid December you will see the for sale signs going up on these super hot homes in TV. The year will be up and the investors that bought em last year during the mad rush for these. They will start flipping them. He indicated the ones on the water front could go for almost double in price. There are some that have never been occupied. He said it will look like rats running from a burning building. The ones over by 466 @ Morse those will be the leftovers for those who just can't swing the price over on the water. He feels the one on the very end on the corner that you can see form beauna vista, with a water view & golf view with it's own pool on a dead end street would go for well over 600,000! The rats are ready for the cheese. Get those FOr Sales ready

[Bogie Shooter]

Originally Posted by Leafpoker

Talking to an investor tonite at LSL.he was telling me, starting early to mid December you will see the for sale signs going up on these super hot homes in TV. The year will be up and the investors that bought em last year during the mad rush for these. They will start flipping them. He indicated the ones on the water front could go for almost double in price. There are some that have never been occupied. He said it will look like rats running from a burning building. The ones over by 466 @ Morse those will be the leftovers for those who just can't swing the price over on the water. He feels the one on the very end on the corner that you can see form beauna vista, with a water view & golf view with it's own pool on a dead end street would go for well over 600,000! The rats are ready for the cheese. Get those FOr Sales ready

I would ask for a second opinion.

[BobKat1]

Originally Posted by Bogie Shooter

I would ask for a second opinion.

A wise idea indeed!

[Russ_Boston]

Originally Posted by Leafpoker

Talking to an investor tonite at LSL.he was telling me, starting early to mid December you will see the for sale signs going up on these super hot homes in TV. The year will be up and the investors that bought em last year during the mad rush for these. They will start flipping them. He indicated the ones on the water front could go for almost double in price. There are some that have never been occupied. He said it will look like rats running from a burning building. The ones over by 466 @ Morse those will be the leftovers for those who just can't swing the price over on the water. He feels the one on the very end on the corner that you can see form beauna vista, with a water view & golf view with it's own pool on a dead end street would go for well over 600,000! The rats are ready for the cheese. Get those FOr Sales ready

What's the point you are trying to make?

[LI SNOWBIRD]

Originally Posted by Russ_Boston

What's the point you are trying to make?

I'd like to know too!

[Leafpoker]

I am not trying to make any point. Just starting a discussion. These were hot properties when they opened up and were sold in less than 24 hours. It will a interesting to see, if the flippers make good on there investments. I try not to waste my energy worrying about others motives. We only have so much time left here on earth. By the age requirements of the villages, we all are in the checkout lane of life. We just gotta hope it is not he express lane.
As Troy on swamp people says:
Yayayaya

[Russ_Boston]

No problem.

I can't imagine that they've increased in price from what TV sold them for. Don't think the market has progressed any over the past year. If that 600k one you mentioned is indeed worth 600K then that is what TV would have sold it for last year. They don't usually leave any money on the table.

[Bill-n-Brillo]

If the villas being built in the new area at 466 and Morse are equivalent to those in the Edgewater group, I'd have to think the pricing on the new ones will set the standard for whatever price the Edgewater ones would bring. Competition in the marketplace will generally do that, all other things being equal.

Bill

[graciegirl]

I would say that SOME were sold in 24 hours. Don't want the wannabes to be having nervous fits here.

And I agree with Russ. I look at the homes for sale on The Villages site every day and some of the MLS lisitings too. I think that the value is holding from last year and that is an incredible plus, viewing the national market.

Just my opinion. Keep in mind I am blonde.

[collie1228]

We stayed in one in the Summer of 2008, and it was sweet. Except for the full unobstructed view of the Sweetbay and its parking lot from the Lanai. Can't imagine why anyone would pay the $450K+ they were asking for it. I don't usually care much about a view, but that one would have been a deal killer for me.

[Russ_Boston]

Originally Posted by collie1228

We stayed in one in the Summer of 2008, and it was sweet. Except for the full unobstructed view of the Sweetbay and its parking lot from the Lanai. Can't imagine why anyone would pay the $450K+ they were asking for it. I don't usually care much about a view, but that one would have been a deal killer for me.

I think those are the cottage villas (the original LSV homes)?

I think we are talking about the new villas that look at to Palmer and have a water view as well (you can see them from BV). They were built last year.

[collie1228]

My bad. But it makes me wonder if flippers were buying those homes as well - seems like they went up for sale about a year ago.

[spk7951]

Resale prices in Edgewater will soon be dictated by new sale prices in the soon to be released Haciendas at Mission Hills villas. Once TV is built out then higher prices probably will prevail but that is still a few years out.


A couple of friends of ours have recently listed their houses in order to buy a different style and location in TV. Both listed high and were told by numerous potential buyers that the prices were too high and they could buy new for less elsewhere in TV. Both lowered prices below new prices and promptly sold.

[Taj44]

Originally Posted by spk7951

..... Once TV is built out then higher prices probably will prevail but that is still a few years out....

There is so much used inventory on the market that I suspect it will take years (after full buildout) before demand reaches level of supply and prices appreciate.

[Maryland Girl]

There have been two recent sales in the Edgewater Bungalows. One on Edgewater Lane sold on 2/1/2011 for $234,000, was put one the market rather quickly for $279,900 and sold for $267,000 on 6/1/2011. The second on Seagull Court sold on 2/1/2011 for $217,700, was put on the market rather quickly for $240,000 and sold for $245,000 on 4/1/2011. You can verify this information by going to Sumter County Property Appraiser web site. We have encountered people on golf carts coming through and wanting to know if any homes are for sale in this neighborhood. I think it is more about location than anything else. We have never heard anything about the homes selling in 24 hours but when we did our walk through with the builder, he did say that they sold 35 homes in 5 hours. He also related how the last home that sold was to a man who said he didn't like anything about the house. When asked why he bought it, he said because it was the last one in there. He has since made unbelievable changes to his landscape-don't know what has gone on inside the house. Whether all of this is a good thing or a not-so-good thing, is a matter of personal opinion. However, if anyone is looking to buy in the new Mission Hills village, I would get in touch with my TV rep NOW.