[ROCKETMAN]

Thanks for all the imput. I think $200,000 for a patio villa is a way to high estimate by a realtor trying to sell property. Once we have build-out i think prices will go up not but not that much. I see in the sun today that morse bought 600 acres on 466a. Not sure if that is the large farm property on the north side of the road before you get to the library. I was told that the guy who opened the new irish bar parents own that farm and they were going to sell it to someone other than the morse's for commercial developement.

[asianthree]

what was the cost of a patio villa in 2007?

[justjim]

I bought a new one (Cabot Cove) in March 2006 @ 147,000 plus closing costs in the Village of Caroline. I think it was 2007 when the Developer starting adding some closing costs "up front" instead of subsequent to the sale. At any rate, my educated guess would be about 153,000 for a Cabot Cove and 150,000 for a Colony. Of course, a corner lot makes a difference and some others might have an up charge.

[asianthree]

Originally Posted by justjim

I bought a new one (Cabot Cove) in March 2006 @ 147,000 plus closing costs in the Village of Caroline. I think it was 2007 when the Developer starting adding some closing costs "up front" instead of subsequent to the sale. At any rate, my educated guess would be about 153,000 for a Cabot Cove and 150,000 for a Colony. Of course, a corner lot makes a difference and some others might have an up charge.

thanks we stayed in caroline in 2007, but could not remember what the $amount was

[mickey100]

Originally Posted by Schaumburger

Carol, You are right; I have to keep a calmer head about all this, and take what the real estate agents say with many grains of salt.

I agree. No one can predict the future like that. There are many new developments going up across the country, I'm sure some modeled after the Villages. They could cut into sales here, among other things.

[keithwand]

Not just TV.

Last year when we decided to build here we listed our house in Winter Park for $619,000 then reduced it to $599,000 after a few weeks.
Got an offer for 565,000 so we leased it instead for 3,450 a month.

Now 1 year later because the tenant needed to find cheaper rent we listed the house for $639,000 and after 18 days accepted $620,000

Almost 10% in 1 year and we are not complaining so 30% over the next 3 years; who knows?

That leaves us 2 homes and that's enough.

[Parker]

Saw online this morning that one "expert" predicts another housing crash of about 90%. I don't believe him either. NO ONE knows what is going to happen to this tenuous economy, not in this country, not in the world. We'll all have to wait and see.

[Geewiz]

The bottom line is boomers are retiring. Money is virtually free. They are now able to sell their homes up north. The amount of homes here are finite. Hence, increased value. Will this bubble burst? Well, we will see it first with homes south of 466A - where lots are smaller and prices inflated. My guess is Fed policy will keep money cheap. Stuff can happen...a war...a hurricane...electronic trading bringing down the market (the market sours now because just holding onto money in Fed bonds or state bonds pays so little). I purchased right before prices went mad...I might have gotten the last of the builder give backs. So I sunk money into this place...5 palms...a pond and waterfall...lots of art work. Why - I wanted a nice crypt and a place my son could sell easy. Buy now.

[ijusluvit]

Originally Posted by Geewiz

The bottom line is boomers are retiring. Money is virtually free. They are now able to sell their homes up north. The amount of homes here are finite. Hence, increased value. Will this bubble burst? Well, we will see it first with homes south of 466A - where lots are smaller and prices inflated. My guess is Fed policy will keep money cheap. Stuff can happen...a war...a hurricane...electronic trading bringing down the market (the market sours now because just holding onto money in Fed bonds or state bonds pays so little). I purchased right before prices went mad...I might have gotten the last of the builder give backs. So I sunk money into this place...5 palms...a pond and waterfall...lots of art work. Why - I wanted a nice crypt and a place my son could sell easy. Buy now.

gosh - hope you meant 'crib', not 'crypt' !

[cgalloway6]

The base price of a Gardenia has gone up over 10% since April of 2012 and the discounts are also going or gone. 30% increase in the next 3 years isn't too much of a stretch.

[Geewiz]

Nope - crypt...tonight Kitty came over and forced me to complete the paperwork for a liver transplant. I am resigned to letting the liver take me down. For my boy - I will try for a transplant...but, I'm not very hopeful...livers are hard to come by. So, I am coming to accept that my son should have a cool place to sell.

[asianthree]

Originally Posted by Geewiz

Nope - crypt...tonight Kitty came over and forced me to complete the paperwork for a liver transplant. I am resigned to letting the liver take me down. For my boy - I will try for a transplant...but, I'm not very hopeful...livers are hard to come by. So, I am coming to accept that my son should have a cool place to sell.

good for Kitty...you need to try for a liver

[trapperjohn]

Originally Posted by Geewiz

The bottom line is boomers are retiring. Money is virtually free. They are now able to sell their homes up north. The amount of homes here are finite. Hence, increased value. Will this bubble burst? Well, we will see it first with homes south of 466A - where lots are smaller and prices inflated. My guess is Fed policy will keep money cheap. Stuff can happen...a war...a hurricane...electronic trading bringing down the market (the market sours now because just holding onto money in Fed bonds or state bonds pays so little). I purchased right before prices went mad...I might have gotten the last of the builder give backs. So I sunk money into this place...5 palms...a pond and waterfall...lots of art work. Why - I wanted a nice crypt and a place my son could sell easy. Buy now.

There's another point of view...that aging infrastructure, aging homes, and increasing numbers of current owners dying off will combine to depress demand for a home in TV.
I read this view in another thread in TOTV. That poster actually did not think there would be much, if any, price jump after build out.

Bottom line...nobody knows. If you want to buy and move into TV, do it because you want to...not as an investment. Let your kids worry about selling later!

[asianthree]

Originally Posted by rayschic

You can use this link to find out what homes in your neighborhood are selling at (or any other neighborhood for that matter)
Just put an address in and Run Search to get the property record. Look down at the sales price area. There is a button to search for recently sold homes within a half mile. Click on that and you will get a list with lots of info.

Sumter County Property Appraiser

thanks for the info

[thelegges]

Originally Posted by ROCKETMAN

Just a question directed to villagers who own small ranches or villas and have lived in them for over 7 years. How much more do you think your home is now compared to the purchase price? We have a 2-2 austin, paid 162,500 in 2005. Between landscaping, all tile floors, better countertops, and other misc. items, have spent 20,000. At most i don't think i would get high 160's. This in part because we bought at the absolute highest prices and you reach diminishing returns when adding on to a smaller home.

patio villas price are on the rise but not as high as when we looked in 2007