I am not sure which post/person you are referring to - perhaps it was rude. However, sometimes people are just giving their opinion and aren't bashing to be rude.

A couple of months ago, when I found out my home was sold and I would soon be relocating to TV, I started a thread here asking if people living in Fenney felt disconnected and weren't feeling like they were getting the full villages experience. It was an innocent question, soliciting opinions, but I was immediately accused of "bashing" Fenney. That was not my intent. My wife was concerned that it wouldn't really feel like TV if she couldn't hop on a golf cart and ride to a shopping area or a town square. Well, for what it's worth, we bought a home in Fenney and we love it. We moved in a week ago today.

Sounds like once workers knew we would call the police if they blocked our driveway, problem solved with the parking.

Vintageoguage, Not all homes in The Villages have bonds. Houses in Lady Lake never had a bond. And the older homes which had bonds are paid off and the price of older homes reflects market value -- which has nothing to do with the paid off bond. New homes sold by Properties of the Villages do not reflect the bond in the advertised home price.

What I was saying is if there are two identical homes, lets say in Virginia Trace, one with no bond, one still owing $10,000, they will most likely be priced with a $10,000 difference. The fact that there is no bond does reflect in the asking prices. If the developer chose to pay the bonds on new homes they would be priced $20/$30,000 higher and that would set the market price for new homes being built.

When we secured a loan to purchase our new Village house in 2014, the appraised value of the house interestingly didn’t include the bond payment that was due. While credit checks were preformed to secure the loan, the bond amount was not a factor. The bond amount is one of those weird Village things that is many times not taken into account. However, the bond balance due is a cost to the home owner.

Today, I checked the web site on the new house in Fenney we visited last month to interested my wife's sister in living in the Villages. The house went up $4,000 in price and is now pictured as furnished. Homefinder - The Villages(R) Homes and Villas for Sale

my thoughts on 5/24/18
https://www.talkofthevillages.com/fo...ml#post1546913

Financial institution deregulation is heading us back toward a real estate bubble, and possibly another Great Recession. Hang on. We just don't seem to learn that thing about history repeating when we make the same mistakes.

If it includes the furniture it really didn't go up in price.

You might be correct. However, I feel that Supply-and-Demand is a more important factor at this time.

This is a national problem. The bubble is growing because the supply of pre-owned houses cannot keep up with the demand. The prices of pre-owned houses moves upward and the prices of new houses follow the trend.

Yep.


And the fact that no one in the U.S. went to jail over devastating the world economy, simply emboldens those responsible...to do it again. :mad:


Highly recommended watching for those who don't know...the WHOLE story/reason(s).

The Big Short (poke here)

The first price of $189,*** did include furniture per the TV sales person on our visit to it although the first group of pictures of this home on the web site didn't show the furniture. Did TV make a mistake on the starting price of the home? I can't say.

Ditto to the above comment.

Just about a month ago we were interested in purchasing a court yard villa.(CYV). We were interested in 4 different CYVs, however, we could not get to Florida quick enough and 3 were sold in a matter of days. We were lucky we did get the 4th choice since the party who put the deposit were not able to complete the sale. AT the time there were quite a few homes and patio villas for sale, many of them are still for sale. Not sure what happened in early to mid May but property seemed to be “flying off the shelves.” Now at least from what I see things have slowed down, but I’m far from an expert and aren’t privy to any sales numbers. Seems to me homes and patio villas aren’t selling as quickly as CYVs. We would have liked a free standing in home in Chatam but as snowbirds, lawn maintenance was a consideration. Our CYV has no lawn that’s fine with me because my home in the north has plenty of lawn.

Lyle Gant keeps excellent stats on all homes sold thru the MLS. In 2017 Designers sold = 596, Cottages = 277 Courtyard Villas = 174 Patio Villa = 134

2017 Sales by Realtors in The Villages

Similar trend so far in 2018

New Page 234

Thank you GoodLife, very interesting stats.

I checked a March 22 paper listing of three new homes in Fenney/DeSoto to the current web site price to note a $4,000 increase in all three. These are in addition to the one I already discussed.

6f018 Sandpiper 208,... now 212,...
10F036 Alder 243,... now 247,...
9F017 Crawford 273,... now 277,...

There was a price increase on many new homes at the beginning of June.

NY prices,,,,Nope

Quite a few golf course lots in McClure have already been sold without a hint in advertising. Really hard to believe how many homes have been sold in DeSoto.

New home sales in TV have always been quite robust, but recent years are quite a bit less than in the years of 2004 thru 2006 when they averaged over 4000 new homes sold per year. Average sales for 2015 to 2017 was slightly more than 2000 per year.


Attachment 75411

Those were the years of Lake Sumter villages and they sold very well as did homes in other parts of the country. In 2017 there was not near the inventory of new homes available here as they were about built out in The Pines and Oceola and just beginning Fenney however this year they are building at a very fast pace and I believe sold units will be well over the 2000 mark, last year was actually 2200 new units and an almost identical number of resales by The Villages sales agents around 6000 total units sold by TV and multiple listing agents in one year is an amazing number. That is a lot of homes per day 7 days a week.

Your original post was about how many new home sales there are now, I showed you that the numbers they are posting now are nowhere near what they did in years past. So nothing remarkable. Now you are adding TV resales and MLS resales to the mix, comparing apples to oranges. No doubt TV sells lots of homes, but current numbers are about 50% of what they did previously.

I agreed with your numbers, it's still shocking how many homes are sold per day both new and re-sales. I also feel that you will see the numbers grow over the next few years as they continue to build at an extremely fast pace south of 44. I'm not arguing with figures, I was down here looking at homes during the peak years when you were given only an hour to make up your mind or it would be sold to someone else, those were the bubble years and hopefully we will never have situations like that again. The future sales are going to be based on availability and the number of people retiring on a daily basis over the next decade.

Not all real estate agents are Realtors, but all Realtors are real estate agents. The difference is
A Realtor is an agent who belongs to the National Association of Realtors and takes an ethics course.
The Village agents are not Realtors.


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Fenny exisiting Home $$$ increased
 

I have dealt with realtors who practice zero integrity and those who simply hold a real estate license who practice with the utmost of integrity. Attending a few seminars on ethics will not change an unethical person. The term realtor is a distinction without a difference. Bottom line, trust no one and check everything.

If the economic news turns out to be true i.e. trade wars, the prices of new homes could go up even more due to higher cost of materials, which could make re-sales more attractive.

If the cost of a new home goes up i would assume re-sale asking prices would go up also so I doubt that cost will affect the ratio. I would go further into discussing any "possible" trade war but that is not the topic here.

The only material I see increasing in our new house construction would be Canadian lumber. Drywall, concrete block, asphalt shingles, windows, doors, wiring etc. are domestically produced.


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All Gaul is divided into three parts.

Who made you. God made you.

Be is am are was were been being look taste feel smell hear seem appear continue remain stay.

Things we were taught by rote.

Other things we perceive and reason out for ourselves, like why is their a push back from realtors against Villages Sales Agents? Because MLS realtors aren't allowed to sell The Villages NEW homes.

According to a recent CNBC report, lumber is currently selling a record highs. During the last 12 months, it has added $7,000-9,000 to the cost of building a house.

Regarding the cost of resales, they will also rise. The attractiveness of the selling prices will depend on the awareness of the sellers.

steel studs, electrical components, anything made out of sheet metal or aluminum such as water heaters, builder supplied appliances, kitchen sinks, aluminum window framing, garage doors, soffits, gutters, light posts, wiring, cabinet hardware and hinges, and I'm sure there is more that I can't think of right now. This however will be short lived.

I believe in the science of evolution...not Julius Caesar or Catechism. :oops:

Which is analogous to the 'evolution' of rising building supplies...should a trade war break out.

People will be paying more for new homes, which will by association...drag up the prices on resales also.

I personally couldn't care less however, as being a 'frog' myself...it will be my children that have to deal with the sales price of my house.


Around 2050...with any luck. :D

deleted .... just making comment

And?

Paralysis by analysis. If you see a home you like and can afford, buy it. The rest will take care of itself.

We, too, have been watching a couple of homes in Fenny, including the price. Today, just noticed that they raised the price $30K on my fav :22yikes:, marked it out in RED, and now back to the original price they've had posted since going on the market. So, anyone who hasn't been following the price closely over time will think they are getting a bargain! Buyer beware!

In Fenney, you can't watch homes very long, because they don't last very long. I watch the market too, just because I find it interesting.

There are NO contingencies accepted on new homes here. No trade in's, and they don't accept anything but conventional mortgages on new homes. MLS realtors cannot sell them and that causes a lot of mis-information in my opinion.

I am not a realtor, never have been a realtor but we have seen many of our homes in our lifetime built for us. This place does it differently and we are completely satisfied with the two new homes we have bought and lived in here.

Increases in prices will effect demand.

Sorry Graciegirl, but I can't figure out how your statements apply to my observation that TV is attempting to represent that a home has been discounted by now including a higher price that they are saying was reduced to the current price that is has been listing at for awhile. VNH#2F011. The new information is in red, crossed out, but that was added within the last week. The price it is showing is the price that I have seen on the TV website for 4-6 weeks. You can actually save favorites making it easy to see which ones have sold and which ones are still available.

We've purchased two brand new homes (no contingencies, no $ reductions, conventional mortage only) and one custom built home, and I don't see those as being different in TV. The only unique aspect to TV is that only TV realtors are allowed to sell new TV properties. No big deal.

I found it;

Homefinder - The Villages(R) Homes and Villas for Sale

I can see why you like it. It's beautiful. I particularly like the fireplace on the lanai, the pool area and the view. You have great taste.

Not just the cost of materials but also the cost of hiring workers. Why should they want to earn less if they can earn more elsewhere?

Where are the trees though?