[Normal]

Wow, there seems to be a surplus and glut of new houses. Finally the market is bottoming out?
Homefinder - The Villages(R) Homes and Villas for Sale

[Altavia]

If they build 5,000 home a year, how many homes is that per week?

[Rainger99]

Originally Posted by Altavia

If they build 5,000 home a year, how many homes is that per week?

About 100.

[Laker14]

I don't know when those homes all became available, but the yellow dots are all "pending" so some are moving. That's a lot of homes to sell, especially with interest rates where they are.
I don't know anything about that area other than it's brand new.
One of the MLS agents who posts YouTube videos had an video where he discussed the relative attractiveness of new villages as they open up. Richmond was very popular due to it's accessibility to more established areas. What was interesting was his take on how a new village like that has a temporary effect on the value of resales.
My uneducated guess is that Lake Denham is not close to much of the established areas, and will take a little longer to completely move, but it will.
One of my trepidations when I considered buying in TV was that if I ever did need, or want, to resell, I would essentially be in competition with the developer. I bought anyway, but I think it does have its effect.
My MLS realtor sends me, periodically, her assessment of the market. The last one she sent me described the market in my zip code , 32162, as "neutral", meaning inventory and demand were balancing out.

[melpetezrinski]

Originally Posted by Normal

Wow, there seems to be a surplus and glut of new houses. Finally the market is bottoming out?
Homefinder - The Villages(R) Homes and Villas for Sale

This happened in "west" Deluna maybe 18 months ago, which was also not the best location. Although, I attribute that to people waiting for Richmond and once that quickly sold out, the houses started selling in Deluna.

[Normal]

Originally Posted by melpetezrinski

This happened in "west" Deluna maybe 18 months ago, which was also not the best location. Although, I attribute that to people waiting for Richmond and once that quickly sold out, the houses started selling in Deluna.

I agree, Eastport looks very promising and the bottom of the market in Florida is starting to fall through? The pandemic buying surge is over and the market is starting to flood with open units. High interest rates, less need retail listing compromise could all be the bellwether for the area?

The Meggison freeway and 470 might be partly to blame too? I wonder if Lake County knew how they had hamstrung things with the “zero roundabout” rule for the county? Then maybe they did, and they are just fine with it.

Back to your point, Eastport is going up and houses will likely be more in demand there.

[Stu from NYC]

According to happy paper today still selling over 300 new homes a month in 2023.

[CoachKandSportsguy]

Originally Posted by Normal

Wow, there seems to be a surplus and glut of new houses. Finally the market is bottoming out?

Lets chalk this scenario up to very hot summer seasonality, and as the heat around the country gets cooler, and winter starts to approach, a new wave of retirees will start looking again, and the inventory will be all sold. .

totv: remind me of this post in 6 months. .

[JRcorvette]

Originally Posted by Normal

Wow, there seems to be a surplus and glut of new houses. Finally the market is bottoming out?
Homefinder - The Villages(R) Homes and Villas for Sale

The Village homes are low quality and way over priced. That is why the Village Realtor’s will tell you that you are buying a Lifestyle not a home!

[GoRedSox!]

On The Villages website, there are 17 pre-owned homes currently pending in Alden Bungalows, presumably all former Lifestyle Visit bungalows. I think homes are still selling here.

[Randall55]

Originally Posted by GoRedSox!

On The Villages website, there are 17 pre-owned homes currently pending in Alden Bungalows, presumably all former Lifestyle Visit bungalows. I think homes are still selling here.

Investors most likely bought the bungalows in Brownwood. All CYV and patio villas are sold in Lake Denham. What remains are Designer Homes.

[Bogie Shooter]

Originally Posted by JRcorvette

The Village homes are low quality and way over priced. That is why the Village Realtor’s will tell you that you are buying a Lifestyle not a home!

And you live in which village?

[frayedends]

I don't think the developer sees a bottoming out...

The Villages expands deeper into Leesburg with land purchase | In Today's Daily Sun | The Villages Daily Sun | thevillagesdailysun.com

[GoRedSox!]

I don't think I agree that The Villages homes are of poor quality, and the market determines the price...perhaps subject to some manipulation but fundamentally, it's still the market. I think The Villages homes are well-constructed and I really have not heard the opposite opinion before. But that doesn't mean it hasn't been said.

I believe that demand for homes in The Villages is going to be steady and even more going forward. 10,000 people reach age 65 in this country every single day. This translates into millions of new retirees in the next few years. By the time that all the Baby Boomers are retired in 2030, greater than one in five people will be 65+, and the number of those 65+ will be greater than the number of people under 18, which I don't think has ever happened in history. This demographic change is a certainty, and as long as this remains the premiere 55+ community in the US, The Villages will continue to sell many homes and continue to grow.

[Michael 61]

Though interest rates have some factor on home sales here, it’s affect is quite a bit less than most other places, since so many here pay cash for their homes. The future growth in TV may fluctuate, but it will always continue to grow. TV is an outlier.