[tommy steam]

I was wondering how fast pre owned homes sell in TV. How do people make out in their asking price?
Thanks

[buggyone]

Just like anywhere in the country - some pre-owned homes sell within a week or two of being on the market and some take months. It is all dependent on the location of the house in The Villages, the condition of the house, the asking price, and if the seller is willing to negotiate price at all.

If a person bought a home at the height of the bubble around 2006, they probably would not get their money completely out of it. Most homes have held their value quite well. Look at Zillow.com to compare selling prices with the price paid for the property.

[Barefoot]

Originally Posted by tommy steam

I was wondering how fast pre owned homes sell in TV. How do people make out in their asking price?
Thanks

The Villages Sales Office quotes a statistic about VLS Listings selling for 97% of asking price. Presumably this statistic applies to well-priced homes, since over-priced homes rarely sell. There is a lot of inventory available and it's easy to compare similar models in similar neighbourhoods. Buyers these days have shopped around and can spot good value. I've seen well-priced homes with good features (birdcage, summer kitchen, pool, granite) sell in days. A home that is well priced can sell very quickly whereas homes that are overpriced usually just sit there until the price is reduced.

I haven't heard a MLS statistic. However I've been told by both VLS & MLS agents that Homes sell faster during snowbird season. We sold our CYV in January through VLS for 98% of list price.

[Jim 9922]

I have been told by a realtor that the Villages Listing Services 97% statistic includes new homes because they "list" them too and are part of their sales.
There are lots of old listings around. Just track the VLS listing numbers and its easy to spot the dogs. They do renumber the listing when they "resign" the listing if it doesn't sell the first time around. They seem to list 40 to 50 new homes a week so you can do the math from there.
The non-Villages agents list days on the market on their spec sheets.

Price and location will make a lot of difference. Willing to deal is another big factor. Ours moved in 45 days and I thought that was good.

[graciegirl]

In our neighborhood in Hadley, on our street, two homes have been sold in the 15-16 right around where we lived. They were built in 2008. One was under contract the first day listed and ours was sold without even being listed. Folks saw ours and knew of our plans to build a little bigger house when we moved here full time and they asked us to sell it to them.

They both sold for about the same price as new homes.

[KYWildcat]

I am an active real estate appraiser. I have just completed collecting some data via local MLS system that covers the Villages. On a particular designer home that I am interested in purchasing very shortly, my data collected on existing homes was the following:

sp/lp ratio: 94% (median final list price: $184,900, vs closing price: $172,000
dom: (median) 66

The list price is the last list price at the time of the pending contact or "the meeting of the minds" It is not necessarily the intial listing price.

Days on market is the number of marketing days until property comes under contact. It is not to the confused with the final closing date or sale date.

[eweissenbach]

Days on market last 12 months, from lyle gant's website

http://root.z57.com/filemanager/uplo...bb99eeda74.pdf

[deano_hoosier]

Originally Posted by KYWildcat

I am an active real estate appraiser. I have just completed collecting some data via local MLS system that covers the Villages. On a particular designer home that I am interested in purchasing very shortly, my data collected on existing homes was the following:

sp/lp ratio: 94% (median final list price: $184,900, vs closing price: $172,000
dom: (median) 66

The list price is the last list price at the time of the pending contact or "the meeting of the minds" It is not necessarily the intial listing price.

Days on market is the number of marketing days until property comes under contact. It is not to the confused with the final closing date or sale date.

I did a similar study 18 months back and found an average 7% discount from list price as the "typical" closing price. So your stat's seem not to have changed much, recently.

[graciegirl]

It is my opinion that the gap is closed with perfect maintainance of the home, and following all of the suggestions found on HGTV. The better they look, the quicker they sell.

[BigMike]

Originally Posted by graciegirl

It is my opinion that the gap is closed with perfect maintainance of the home, and following all of the suggestions found on HGTV. The better they look, the quicker they sell.

GG

Is this the list you used??

http://www.frontdoor.com/sell/home-s...e-for-sale/541

Thanks

[getdul981]

Sold in 2 weeks at almost asking price. Had to reduce the price a little.