[merrymini]

Why is someone on this site who recommends not buying in the Villages? If you do not like the Villages get off!

[Waltdisney4life]

Higher the better!

[donassaid]

So much for 7% inflation.

[kendi]

Housing market is calming down up north. House are on the market longer and some go for less than asking price.

[Proveone]

Originally Posted by Dana1963

We went thru this B4 2001 to 2007 housing bubble. It's not only happening here.

There is so much inventory that people should rent and wait for the bubble to burst. It happened in '08 and The Villages was discounting new homes because demand was down and they had a large inventory of SPEC homes. I'd wait!

[rherb55]

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.

It really is happening…. Especially In the Lake Sumter area…. This area is Centrally Located…… Homes are selling very fast. Even the smaller ones that are 2 bedroom…. 2 bathrooms and 1 car garage are going well over
&200,00 —— $300,00….. It’s a beautiful place to live…..if you see one you like better be ready to buy because someone else is right behind you….. Especially near Lake Sumter……

[MrFlorida]

It's all over the country, not just in the Villages.

[Driller703]

Originally Posted by davem4616

$345 to $700 in under a year???

I wonder if it is the exact same house

that said, it certainly appears to be a sellers market

Sounds like one with a pool or view, and one without. You will also note that they are not sitting unsold for long Either buy one now, or pass on the Villages. The prices are not going down.

[maistocars]

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.

That house is a 1512 sq. ft Villa. A little research will show that you can get a brand 1500-2000 sq. ft. new Villa in Chitty Chatty (Ty Villas) with the same wrought iron railing in the back with a view (all with water or preserve views) and beautiful designer touches, nicer than the ones in Landon Ave., for less than $500k. Golf cart MM entrance access and the GC bridge over to Lake Deaton Plaza and the Rohan RRC around the corner. Beautiful walking trails backing to Chitty Chatty preserve and a short 8 min GC ride to Sawgrass Grove. It sold me and for $250-$300 less than the one in Bonifay. TV currently having Open Houses Mon-Sat.

[tophcfa]

Higher prices equal higher accessed values equals higher property taxes. So even if you are not in the housing market, simply owning a house will cost more, inflation!

[CJH929]

Check the Sumter County Tax Collector website. Follow the “owners:
Pan American links to
The Villages Land Co which links to
The Villages Developement Co.
Looks like it never left the ownership of the Developer.
Add a pool on a view site and that’s how the price went up.

[MandoMan]

Originally Posted by maistocars

That house is a 1512 sq. ft Villa. A little research will show that you can get a brand 1500-2000 sq. ft. new Villa in Chitty Chatty (Ty Villas) with the same wrought iron railing in the back with a view (all with water or preserve views) and beautiful designer touches, nicer than the ones in Landon Ave., for less than $500k. Golf cart MM entrance access and the GC bridge over to Lake Deaton Plaza and the Rohan RRC around the corner. Beautiful walking trails backing to Chitty Chatty preserve and a short 8 min GC ride to Sawgrass Grove. It sold me and for $250-$300 less than the one in Bonifay. TV currently having Open Houses Mon-Sat.

There are a lot of nice things about this house, and the pool is a nice addition. I don’t follow lot prices, but my recollection is that lots in that area went for about $40,000 for average lots but close to $300,000 for the choicest lots with a full lake view—just for the lot. I think that house would sell for $350,000 easy as it is if it had no view in that neighborhood. Add $300,000 for where the lot is and we are at $650,000. Perhaps the original price listed isn’t taking into account the lot.

[OhioBuckeye]

Gotta laugh, yea people are paying it. I have family member that built a home about a yr. to a yr. & a half ago & they paid $450,000. for it & they have 2 offers on it for $800,000. If it were me, it would of been gone. But 3,900 hundred sq. ft. homes here are going for that & they are selling for $900,000. to 1,000,000. If you want to live in TV you better pay the price because if you don’t someone will. Yes, I agree with you, these are insane prices. Our home went up $150,000. But if get my price I’ll definitely have to pay a heck of a lot more for another home. A yr. from now the bottom could fall out of home prices & you could lose a lot of money. It’s scary!

[Timothyimitchell]

Originally Posted by Cliff Fr

The bubble will pop soon

Right. But, at the end of the day, we here have great shelter in a great place. I am thankful.

[nn0wheremann]

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 kidding? Great time to sell, bad to buy. Wait until a week or two after the first hurricane. This is prime time high season.