[Djean1981]

Good point. Some could be making New York wages but live in The Villages.

[GPFan47]

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.

Every day in the U.S., 10,000 people turn 65, and the number of older adults will more than double over the next several decades to top 88 million people and represent over 20 percent of the population by 2050.

United States | arc.aarpinternational.org.

That's a lot of seniors competing for homes in retirement communities.

[mrf0151]

Values have increased over time just like the stock market. Sure, there are dips, but history shows you better move here now or pay more later. No, I am not a realtor, just a 19 year Villager that purchased our first 1500 Sq foot home here in TV for $124,000.00 and bought a second for $155,000. Don't snooze.

[Laker14]

We closed almost a year ago in Poinciana. While Poinciana wasn't specifically the village we wanted, it was among the areas considered. We wanted to be between the "6s", preferably near or inside the Bailey Trail-Odell Circle loop. It fit the bill. We were nervous. We still have a lake house in NY. If we hadn't done it when we did, with the escalation in prices that has occurred since we bought, I don't think we'd be comfortable doing it now. Not because the houses are "overpriced", whatever that means, just that the increase in expenses in the monthly budget might have dissuades us altogether.
We feel very fortunate we did it when we did it. Just blind dumb luck.
However, who is to say for sure that if you pulled the trigger in this market, in 5 years you wouldn't feel the same way?
A smart uncle told me years ago not to buy a 2nd home if success relied upon a rosy prediction of price appreciation, but rather to look at what you wanted, what you could afford comfortably, and if you could survive a downturn. I think that advice still applies in this market.

[CountryFox]

If you can wait until April/May. Prices in high season always seem to go up, then right size over the summer.

[Sandyloucita]

You’re competing with a massive wave of new buyers from NY & California. Low inventory & high demand.

[xcaligirl]

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.

old homes?? what about the new homes? Off the charts!!

[Tvflguy]

Sometimes I ponder if there will be an inevitable crash or severe drop in TV home prices. I’d guess that the supply/demand matter will limit any serious cracks for a long time.

[dewilson58]

Originally Posted by Djean1981

I feel bad for the current buyers. The homes are very overpriced because of current circumstances.

Don't feel bad, that's what we said about you when you purchased below 44.

[SHIBUMI]

We have lost sight of the value of the villages.......it has been undervalued for so long...don't value the house, value the environment, plenty to do, a lot of sunshine,
happy people, and most importantly its a safe place, priceless. No where in the country
do all of these things exist, nowhere. The houses inside of Disney, a safe place with lots to do, cost 3-8 million, hmmm, if you are lucky enough to get in, you are blessed, it ain't totally about the money.....buy what you can afford to enjoy the only place like this in America.

[Geodyssey]

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

It's a Canadian company. A quick search on the (obviously Canadian) address leads to:
APM MacLean – Offering 95 Years of Combined Experience | PEI

[Laker14]

Originally Posted by Rich Iwaszko

We have lost sight of the value of the villages.......it has been undervalued for so long...don't value the house, value the environment, plenty to do, a lot of sunshine,
happy people, and most importantly its a safe place, priceless. No where in the country
do all of these things exist, nowhere. The houses inside of Disney, a safe place with lots to do, cost 3-8 million, hmmm, if you are lucky enough to get in, you are blessed, it ain't totally about the money.....buy what you can afford to enjoy the only place like this in America.

What??

[Babubhat]

The price is irrelevant if you plan on holding until you expire

[Catalina36]

You must be looking at a Gardenia model. Location and timing is everything. In addition, you have to look at the extra’s. Some houses have more then others. The baby boomers are retiring and The Villages has it all. It’s all about supply and demand. Yes I agree $345 to $700 in a year is a little much. Sounds like the people don’t want to sell unless they get a crazy offer. The homes have gone up an average of 40% to 45%.
Best of luck, I think The Villages is a great place to live.

[Catalina36]

Oh yes and don’t forget your not just buying a home. Your buying a Life Style.