[Petersweeney]

A lot of Chinese money….. they buy and rent…..our grandchildren will all be renters someday to the CCP…

[FWPierceIII]

Originally Posted by Robbb

I am looking for a home in the Villages but am getting very discouraged over the very recent increase in prices, are these for real?. I looked at a home this morning that sold for 345K in April, today it listed at 700K, this is insanity. I can't believe people are really buying this stuff.

I've discovered the best time to invest in a home is just after a hurricane passes through... if you look at the prices over the years... there are huge price swings. The current price increase seems to be the cost of materials and labor... labor is in such demand and so much work right now. Look for a temporary solution and wait. I am also looking for a home in the Villages... I'm a cash buyer and when I see it... I will have to jump!!! no hesitation allowed.

[La lamy]

Originally Posted by Bilyclub

Canadians.

I guess you missed this post. Definitely not Canadian.

Owner's Name PAN AMERICAN PROPERTIES INC
Site Address 5746 LANDON AVE, THE VILLAGES, FL 32163
Mail Address 17 UNION RD RTE 221, C1E 3B2, FC

[banjobob]

Well that is extreme, but seems every homeowner is very happy with the demand for homes in the Villages especially if have owned it for several years. They say villagers move an average of three times,judging from prices over the years buying and selling with continued price increases makes for a very nice cash retirement.

[Luggage]

The solution is not to buy in The villages. There are at least 8 or 10 other Senior communities all with lovely golf courses 50% of the price of The villages. It's cold location location. PS and yes it is happening all over the country my son is priced out of the market as a home that was half a million last year is now 1 million so isn't it crazy that our children and their grandchildren will never ever be able to afford homes again especially since interest rates are going to be rising to fight inflation

[thevillages2013]

Originally Posted by Robbb

I am looking for a home in the Villages but am getting very discouraged over the very recent increase in prices, are these for real?. I looked at a home this morning that sold for 345K in April, today it listed at 700K, this is insanity. I can't believe people are really buying this stuff.

Apples to apples comparison would be two sold prices. Your example is a sold vs a listing price. Also it’s in Hawkins and should come with built in audio of THE TURNPIKE

[Pres1939]

Originally Posted by Robbb

I am looking for a home in the Villages but am getting very discouraged over the very recent increase in prices, are these for real?. I looked at a home this morning that sold for 345K in April, today it listed at 700K, this is insanity. I can't believe people are really buying this stuff.

No home jumped that much in price unless someone discovered oil or gold there. Might be a good idea to check those figures again.

[thevillages2013]

Originally Posted by Petersweeney

A lot of Chinese money….. they buy and rent…..our grandchildren will all be renters someday to the CCP…

I’m glad I’m not the only one who realizes this

[MX rider]

That price seems pretty extreme. We just bought a nice 2 and 2 built in 2009 for $285K. Our budget was $310K, so we were happy with our purchase. We bought it for a snowbird home, but we were prepared to keep looking if we didn't find what we liked.

It has appreciated like all homes there but not a real crazy amount. Like many have said, home prices are up everywhere and inventory is at an all time low.

We're trying to downsize from our 3000 sq ft home here in SW Indiana, but we can't even find anything to go look at around our area.

I don't see TV home market cooling off for a while. Too many boomers looking to move to warmer weather. And there's a lot of us. Factor into that as well, more people are retiring early than there used be.

I'm thinking the market will level off at some point, but who knows when.
I'm 65 and my wife is 66. We don't feel like we have the time to wait it out. Now, if we were 10 years younger we would probably be willing to see how it all shakes out. Then again, it may never go down. It's a roll of the dice.

[Miekies]

Originally Posted by rustyp

Insanity is the real estate commission. At 6% in April it was $20700. 9 months latter the same house commission is $42000. According to some sources people are standing in line to buy houses. The way I see it the real estate firm is doing less work and less advertising expenses at a minimum. Are the sellers really paying these (fill in the blank) kind of commissions ?

Negotiate, negotiate, negotiate. We paid our agent 1.25 % and the buyer 2.5% when we sold our home in Texas to move here.

[kbennett007]

Wages and cost of living are far higher outside the State of FL. Stands to reason those out of Stater’s are retiring here in this great State. Selling their $1M+ homes and buying here with cash offers. Yes, the market comps drive the value and there is $$ coming here. I’d do the same. Sell my outrageously priced home in CA, NY, MA, NJ, etc. and buy here to retire. Instant balance of “Living the Dream” money left over!

[Hankofthedesert]

it's called market driven....good if you are selling, not so good if you are buying

[JerseyGurl]

Unless you’ve been living under a rock, housing prices have soared as have new and preowned vehicles. Now is not the time to buy either.

[spieka1912]

It’s all over the country In desired areas. My son built house in Boyntan beach 1.5 years ago for $525,000. Now that house selling for $1,000,000+. Wait it out, happened in 2008 also.

[Lindaws]

The prices will come down and many owners maybe “underwater”