[Bellavita]

it might have been a complete flip?

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.

[wmc1000]

Quite possibly the "sale" last year was for the lot only?

[Villages Kahuna]

A little less than three years ago we sold our home in Mallory for full asking price to the first people to look at it on Day 1. I had set the price very close to the top priced comparative sales.

Eighteen months later the buyers decided to move back north and put the house up for sale. It sold in about an hour for their full asking price which was $165,000 more than they paid me for it only 18 months earlier. And from what I hear, prices are much higher now.

[joelfmi]

Originally Posted by Dana1963

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

If you can wait until prices are more realist do so, don't buy now most seller are now trying to make a killing.

[gwoodak]

Originally Posted by Robbb

5746 Landon Ave, sold April 2021 346K listed at 697,500 now, they may have added a pool, but still a 101% increase in 9 months. The crazy thing about it is, that it will probably sell in 15 minutes.

Homes went up 18+% in Florida the month of November 2021 alone.

[mkjelenbaas]

You are correct - the prices are going crazy UP -- same thing in Michigan where we came from! Behind LSL are the Lakeside Cottages -- one year ago one sold (on the lake) for $1.3M - it never made the paper! It just sold for $1.55M after one year and this also did not make the sales floor!!! Good luck in your search.

[manaboutown]

Originally Posted by Robbb

5746 Landon Ave, sold April 2021 346K listed at 697,500 now, they may have added a pool, but still a 101% increase in 9 months. The crazy thing about it is, that it will probably sell in 15 minutes.

according to this it sold for $324,319. 5746 Landon Ave, The Villages, FL 32163 | Zillow

[LianneMigiano]

AND the worst part is they're asking prices as if they were up North in the NY/NJ/CT region - and they don't even have an attic/basement or decent sized lot that most of those homes have!

[LianneMigiano]

Originally Posted by Dana1963

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

And then we had the bubble BURST and home prices dropped drastically. Wouldn't suggest that people buy in this market as an investment to flip with the previous market that happened....

[dewilson58]

People, People, People............

Go back into history and see what happened to home prices in The Village in 2007/2008/2009. Get the facts.

The Villages home values did not fall even 50% of the national averages. It was closer to 25% of the national hit. NOT 25% value hit, 25% of the national hit.

Breath people, Breath.

[Fredster]

Originally Posted by LianneMigiano

AND the worst part is they're asking prices as if they were up North in the NY/NJ/CT region - and they don't even have an attic/basement or decent sized lot that most of those homes have!

Then it must be location, location, location!

[manaboutown]

One can obtain a graph of prices over the years in 32162 from this site. 32162 Home Prices & Home Values | Zillow

Also: All-Transactions House Price Index for the Villages, FL (MSA) (ATNHPIUS45540Q) | FRED | St. Louis Fed

[asianthree]

Originally Posted by wmc1000

Quite possibly the "sale" last year was for the lot only?

No home in TV is sold lot only. When you put money on a lot you have x amount of days to start build. House price does not show on property info until it is completed

[JoMar]

Originally Posted by FWPierceIII

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.

Another young person coming......welcome.

[fdpaq0580]

Originally Posted by La lamy

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

Google shows mail address for a construction company in Braxton, P. E. I. Is Prince Edward Island part of Canada?
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