[Normal]

Originally Posted by twoplanekid

Sale of new homes in The Villages by year
Year Homes Sold (Home and Lot) Average Sale Price
1986 511 *
1987 543 *
1988 517 *
1989 542 $ 74,000
1990 502 79,000
1991 430 81,000
1992 562 87,000
1993 567 93,000
1994 686 98,000
1995 700 106,000
1996 753 115,000
1997 1,054 119,000
1998 1,321 129,000
1999 1,544 139,000
2000 1,776 151,000
2001 2,074 156,000
2002 2,260 163,000
2003 3,329 168,000
2004 3,955 204,000
2005 4,263 232,000
2006 3,935 257,000
2007 2,403 251,000
2008 2,236 231,000
2009 2,115 229,000
2010 2,208 231,000
2011 2,307 241,000
2012 2,850 244,000
2013 3,419 271,000
2014 2,601 304,000
2015 2,294 304,000
2016 1,966
2017 2,231
2018 2,134 281,000
2019 2,429 307,000
2020 2,452
2021 4,004
2022 3,923
2023 3,029 410,000
2024 3,208
_________________

That’s great, but it has nothing to do with the MLS housing market. Price reductions, the OLP etc tell the story of the market where houses sit almost 70 days for a sale. Hurray for the new home market.

[DonnaNi4os]

Originally Posted by dewilson58

New South is cheaper than developed North??

See a lot of "Northern" properties for sale by owners thinking, "Well if I can get this price, I'll move."

I believe the opposite is true. The bonds alone are much higher in the southern end. They have to build new infrastructure which is expensive.

[FloridaGuy66]

Originally Posted by DonnaNi4os

I believe the opposite is true. The bonds alone are much higher in the southern end. They have to build new infrastructure which is expensive.

It's an apples to oranges comparison though. New home you're going to have a $50-60k bond. Old home, you're likely going to need $50-60k to make it modern looking and with updated appliances like in the new home.

[jimhoward]

Here is one concrete example illustrating why I think existing homes sit on the market a relatively long time.

Three beautiful new Veranda homes were sold in Water's Edge last week in a lottery. They had greatly oversized lots, overlooked a pond, and had pools and big bird cages. Absolutely gorgeous. They sold the homes for $690K, $763K and $786K. A Maybury and 2 Jacksons.

Now look on thevillages.com and on Zillow for pool homes with large lots, overlooking water or some spectacular view. You will find a few but none with an asking price less than $1M and typical is about $1.1M. I am sure the owners put money into them, but even so I think it is little wonder that people clamor to buy new homes.

The only new houses that sit on the market for a long time are on interior lots.

[vintageogauge]

Originally Posted by jimhoward

Here is one concrete example illustrating why I think existing homes sit on the market a relatively long time.

Three beautiful new Veranda homes were sold in Water's Edge last week in a lottery. They had greatly oversized lots, overlooked a pond, and had pools and big bird cages. Absolutely gorgeous. They sold the homes for $690K, $763K and $786K. A Maybury and 2 Jacksons.

Now look on thevillages.com and on Zillow for pool homes with large lots, overlooking water or some spectacular view. You will find a few but none with an asking price less than $1M and typical is about $1.1M. I am sure the owners put money into them, but even so I think it is little wonder that people clamor to buy new homes.

The only new houses that sit on the market for a long time are on interior lots.

It has always been that way, there are a ton of interior homes for sale, take your pick both new and pre-owned however the new ones are cheaper. Now go try to find a designer on a view lot without a pool, very, very few in either pre-owned or new and those are the homes that are sold quickly, 4- bedrooms even more scarce.

[asianthree]

Originally Posted by vintageogauge

It has always been that way, there are a ton of interior homes for sale, take your pick both new and pre-owned however the new ones are cheaper. Now go try to find a designer on a view lot without a pool, very, very few in either pre-owned or new and those are the homes that are sold quickly, 4- bedrooms even more scarce.

4/3 with 2800sf and more with 800+sf garage and huge lanais, add a view, rarely hit the market. Most agents have a list of clients looking for those homes.

[vintageogauge]

Exactly.

[DAVES]

Originally Posted by asianthree

What percentage do you really believe Don’t have a clue about a Bond? The bond stays with the house as it is sold, rarely do you find new home with paid bond. Our last four houses sold with bond in place, not a surprise to anyone bidding on the homes. I must give too much credit to those buyers in TV, not buying with blindfold on. Even my parents in their 80s asked balance of bonds. according to you most are just clueless and bonds are hidden in the fine print. or maybe it your personal experience that you didn’t see the bond fine print and are warning all.

Reminder different strokes for different folks. "Last four houses." You must be running a business buying and selling homes. Far as recapturing a paid off bond, I would think like anything else it depends on the buyer and the seller perhaps the hired sales person. The buyer may not like the appliances, landscaping, pool etc.
A paid bond is cash money. The interest on the bond is higher than mortgage interest. We figure it both ways and we do better with the standard deduction than itemizing so mortgage interest or bond interest are not deductible.

"Not aware of," That is the problem with so many problems. It is not like what candy to buy. It is serious money. Learn, KNOW before you sign.

[DAVES]

Originally Posted by asianthree

4/3 with 2800sf and more with 800+sf garage and huge lanais, add a view, rarely hit the market. Most agents have a list of clients looking for those homes.

REMINDER. The agent is a SALES PERSON-they are not your friend. Unless it is a buyers agent they work for the seller. Some seem to enjoy packing and moving. Old wise tale the grass is always greener on the other side of the hill. Till you get there and find it is greener because of the weeds. Typical iine. I just got exactly what you want. There are others looking at it better RUSH to buy it. Not stated. They are asking far too much and it will not appraise for that.

[asianthree]

Originally Posted by DAVES

Reminder different strokes for different folks. "Last four houses." You must be running a business buying and selling homes.

Nope first has was a Vaca for us and both of our parents to winter. Both sets of parents wanted to winter at the same time, so need for house #2. Third house, because spouse semi retired and didn’t want to share with parents.
3 of the 4 parents passed, sold 1,2,3, the surviving parent will be in need of full time care, so built 4th house to accommodate.

As I said life changes, not every one would buy homes to accommodate parents to winter without using their income. And definitely many would not change their lifestyle to take on a failing health of a parent.

As far as bonds never paid any off, including the current house. But FYI one does pay capital gains on non homestead, so you could count that as running a business, Or caring children who just wanted to make life easier for those who raised them, so kind of business of the heart

[DAVES]

Originally Posted by MikeN

So true. We have a 3/2 corner lot veranda and it’s been on the market for four months. Little interest. Gutters, lanai shades, updated landscape, three car garage, water softener etc. the issue is the developer has these half million dollar fixer uppers for a seemingly bargain but aren’t when you factor in all the improvements

Buying or selling a home is not something most of us do often. The home we sold, I figured six months to sell. Typical stuff. A bunch of tire kickers. Then could they get the mortgage etc. Surprise it sold days after we listed it and a CASH deal. The realtors, like all people like to open NEW TOYS. They forget about stuff listed four months ago. Might be wise to ask them why no one is looking. There is an art to being a noisy gear but not a pain on the shaft. I'm neither buying or selling. Reading the post. A three car garage is a plus, used water softener etc add little in terms of value. I do not see a corner property as a plus. You end up with no back yard, people walking their dogs, people walking across your property etc

[DAVES]

Originally Posted by Normal

We are undergoing an inventory explosion like the Villages has never, ever seen. There isn’t any good news on that front until at least early March for now. Lending rates are staying the same and insurance is only going up. We will likely see many homes at 75 days on market and a lot more sold homes will have actual pricing at 200 per square foot. Indicators of all this are the actual numbers which are still climbing. Zillow, real estate.com and others all paint the same picture on inventory. An MLS with nearly a thousand homes and the scaling back of new construction are staring boldly at all of us.

There is a possible amelioration? Labor tightening because of deportations could come into play? It is still too early to know that though. Perhaps a ray of sunshine shine on the market after the Fed meeting in mid March?

Now is neither the time to sell or buy. The market is saturated and prices haven’t decreased enough. If I was a buyer, I would focus on the trending reaction after the Fed meeting in March.

For what it is worth,"now is neither the time to sell or the time to buy." That is true of everything. I think of a deer in the headlights of a car. Go forward, go back or stand still. We do not know what the future will be. That mentioned deer, makes its own choice which is what we all must due. Shoulda, coulda, mighta simply does not matter. It is hard to accept. INFLATION was 25% the past four years. Based on HISTORY prices will not go back to what they were four years ago unless we have a serious recession called a depression.

How to decide what to do. Old school perhaps. Write it down on index cards-it forces me to think clearly and commit. Exchange your pile of cards with others involved-wife-kid and or. That can be a surprise-all may not think the same or think The Villages or even Florida is what fits.

Finance? What can you afford? Wherever your money comes from is it secure? Many people think SHOULD BE. Problem is SHOULD BE by definition is not. We must decide by what is not by what should be.

[DAVES]

Originally Posted by bonbonn

I dont think any home in the village is worth what they are charging. They create a frenzy and people follow. there are plenty of homes for sale dont fall for the frenzy. For me I would buy outside the village with some land and more south its warmer.

Forgive me. So why read and post here? There are tons of alternatives. Before moving to the villages I became aware of an Island for sale off North Carolina. It was like 10 acres, the house looked to be in good shape and it had a small herd of wild horses. I had it all figured out set up my own kingdom. Seems the Queen did not like the idea. Not sure. After the hurricane, it might be underwater.

More land? Coincidence ot related to my, not bought kingdom. A former business associate bought 180 acres off the beaten path in N. Carolina. He, his brother and their wives or girl friends live there. I've never been there but it is low land with a stream between mountains. I've not heard from him since the hurricane.

Point is you can be happy or not anywhere.

[Normal]

Originally Posted by DAVES

Forgive me. So why read and post here? There are tons of alternatives. Before moving to the villages I became aware of an Island for sale off North Carolina. It was like 10 acres, the house looked to be in good shape and it had a small herd of wild horses. I had it all figured out set up my own kingdom. Seems the Queen did not like the idea. Not sure. After the hurricane, it might be underwater.

More land? Coincidence ot related to my, not bought kingdom. A former business associate bought 180 acres off the beaten path in N. Carolina. He, his brother and their wives or girl friends live there. I've never been there but it is low land with a stream between mountains. I've not heard from him since the hurricane.

Point is you can be happy or not anywhere.

For sure. There is Lakewood Ranch near Sarasota which is much bigger or the golf cart community of Peachtree Georgia, the nations largest golf cart community. The Villages isn’t the only rodeo in town.

[vintageogauge]

Originally Posted by DAVES

For what it is worth,"now is neither the time to sell or the time to buy." That is true of everything. I think of a deer in the headlights of a car. Go forward, go back or stand still. We do not know what the future will be. That mentioned deer, makes its own choice which is what we all must due. Shoulda, coulda, mighta simply does not matter. It is hard to accept. INFLATION was 25% the past four years. Based on HISTORY prices will not go back to what they were four years ago unless we have a serious recession called a depression.

How to decide what to do. Old school perhaps. Write it down on index cards-it forces me to think clearly and commit. Exchange your pile of cards with others involved-wife-kid and or. That can be a surprise-all may not think the same or think The Villages or even Florida is what fits.

Finance? What can you afford? Wherever your money comes from is it secure? Many people think SHOULD BE. Problem is SHOULD BE by definition is not. We must decide by what is not by what should be.

Now is the best time to buy or to sell as you don't know what tomorrow will bring or even if you will still be around tomorrow. At our ages life is too short to procrastinate.