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!

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

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.

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.

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

A name is a name and can literally be anything. Canada is part of North America...literally part of the continent. What about the mailing address?

Come on man, it is all funny money. I just sold a 3 year old car to the DEALER for $4,000 more than my out the door price.

Prince Edward island

Let's see if the laughter continues when purchasing the next car.

The bubble will pop soon

When rates go up then sales rate goes down.
Now pricing may be a different animal driven by overall inflation results that clock is hard to run backwards.

Is this the one on Brett Way? If not, this is another house that is being sold at double the price. The one on Chitty Chatty Way is close to double as well.

Yes they are for real. We just sold our home and loving it. Only bad thing is we bought another one I’m not loving that price so much but we love the adventure and the new area. Been through a crash before so I have my helmet on and I am ready

I saw, in the Daily Sun, two of the same model. One was asking $224,000.00 and the other was asking $349,000.00. From the outside, the less expensive house looked better with nice landscaping, but the other was “turn key” (furnished) Must have nice furniture to add $125,000.00 to selling price.

I bet it’s real

We could not buy our own house today - also we have friends that may like to move to TV but the prices are restrictive to them. This leads me to wonder who is buying homes for $900k that should be $350k. Apparently only millionaires.

Houses are selling faster than ever in TV. Many areas of the country look to have inflated home prices right now. The difference is that prices will probably settle down elsewhere. TV homes keep their value and continue to increase. Between the first time we home shopped (2013) and the time we purchased (2015), prices had
increased to the extent that we were afraid we wouldn't be able to afford to buy! Good luck.

I was thinking the same thing. Great minds think alike!👍🏻

I agree that some sellers are listing for their "dream prices". Only pay what is fair market value. Check the recent comparables. I have seem several price drops and houses on the market for a month that were listed at super-high prices. The market in 2022 is a bit more favorable to buyers than last year IMHO.

Please check out definition of Pan American. Any independent country across the Americas. So any country within South or North America. China is not a Pan American country, Canada is. America here is the continent not the United States of America.

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

Higher the better!

So much for 7% inflation.

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

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!

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……

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

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.

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.

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!

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.

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.

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!

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

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.

it might have been a complete flip?

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

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.

Home buyers' wisdom is more precious than pearl.
 

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

Home prices
 

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