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I bought my new CYV in 2012 for $219,000. Sold it exactly one yr later for $47,000 more. It sold 6 months later for $19,000 more. It is now again on the market (8 months later) for another $14,000 more.
So....I'd say it is a sellers market and deffinetly not so great for those wanting to buy here. I do feel that if sales are down its because the prices are up way too high.....but, it's The Villages, and they will sell.....probably not to me. The prices are too high for the quality you are receiving......just my own opinion. |
Village Homes are at a premium, a house can be had anywhere.
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lots of reasons. one is, people that are looking for homes now. Are finding that the prices are just too high for florida. Yes I know that the village is a great place, I live here also. However the village has reached a price point that is simple beyond what the homes are worth. No matter what people think, there is a limit on price.
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The quality of construction is IMHO substandard. We're renting in a totally gated upscale development near Sarasota where the homes all have tiled roofs and much more elbow room than the Villages. We went to an open house of 3900 sq/ft that was listed at @299,000..but no pool.
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The Plantations of Leesburg, 20 minutes to Brownwood.,
stucco home, in Nottoway 3bed 2 bath, 2800sq ft formal living room and dining room, plus den, eat in kitchen jaquzzi soaking tub in master, quality built with a 2 car garage directly on golf course, 14 fairway. roving security with a true gated community HOA $86 for the past 8 years, no bonds or maintance fees 3 pools with hot tubs, 3 clubhouses with workout rooms, 2 golf courses and a resturant. internal golf cart community, built in 2005, i think..... for sale $280 .....my neighbors house... Tell me you can get that in the Villages...? I also own in the villages, but the overcrowding caused me to rent the home and choose the plantations for my residence. |
I must admit that I agree with those who said the prices are way too high. Fortunately, we bought our home at the right time. After 2012, prices soared and now they are absurdly high, especially on preowned homes. Prospective buyers can easily research how much an individual paid for the home and know how inflated the asking price is. I believe that is the reason that the new homes are so heavily discounted. We all would like to know that we made a sound investment but the market will not bear these prices and the greed could bite us in the end.
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What something is worth is in the eye of the beholder. How many here are driving 60 thousand dollar cars? Quite a few. But is it worth it when you can do the same thing in a $25,000 car. It is ALL relative. I don't think there is a home in TV "worth" one million Plus dollars, but there are a lot of them and they do sell all of them!!! |
One pays a premium for a house in TV. We looked at Stonecrest and for the same money we would have had a far nicer house. That said, Stonecrest only has a fraction of what TV has to offer (the only amenity they had that we thought was nicer was the indoor pool). It is up to the individual just like everything else. We are very happy with our decision to live in TV.
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My wife and I bought in the Villages because of all it offers, more than any other 55+ community. Before we purchased we looked at the communities in Leesburg, one of them being The Plantations. It was not for us, to far to go for shopping, nothing accessible by golf cart out side the community. My wife's point was, as we age we need the ability to get around and have access to shopping, medical facilities ( Doctors, Dentists, Clinics, Hospital). There's more to a community than the price of a house or how many golf courses, but I'm pleased you found what you wanted and hope it works out for you. I am very happy we chose the Villages and would not trade it for any other. :a040: community/ |
Perhaps the lower sales has more to do with their decision 18 months earlier to do away with the "Pick your home" "Pick your site" and "Pick your final finishes" to prebuilt inventory homes only. They reversed that decision a few months ago to address the lower sales issue and customer disappointment in the lack of a selection process. Some of the homes were pretty bland looking to say the least. The heavily discounted homes were the ones that seemed to garner the least amount of attention.
I'm sure things will start picking up again soon. |
When someone looks at the purchase price and there is a much higher price a couple years later, it is because of all the add ons. Houses don't even come with stairs to the attic so you start with the add ons on day one. Driveways, pools or jacuzzis, birdcages, patios, outdoor kitchens, landscaping, moulding, gutters, back splashes, closets, etc., etc. So prices are higher on resales because of the improvements not just appreciation. Anyone buying a new home versus a resale should figure they will be spending a considerable amount to "finish" the house.
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Don't confuse the quality of the construction with square footage. There is nothing substandard about the construction in The Villages. You can make a case that you will get more square footage elsewhere. If all you are looking for is the most square footage for your dollar then you should look elsewhere. Home prices reflect supply and demand. You can spend much more money for a small, 50 year old house in Silicon Valley because people want to live there.
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Property is worth exactly what somebody is willing to pay for it. If you're a property owner in The Villages, then the rising prices are good for you. It means that your investment is appreciating. However every time property values rise in The Villages, less and less people can afford to buy there, thus another possible factor in the lower sales numbers. Statistics show that while the economy slowly continues to improve, wages continue to be flat. The labor participation rate is about 62%, which means approximately 93 million Americans are not working, and 6.5 million (of the 93 million) people want to work, but don't have jobs. I've worked in the construction industry my entire life, but I haven't had a permanent full time job since 2006. When you're not working, you're usually not socking away money for your retirement. My wife and I want to buy a property and move to The Villages someday, but that's at least a couple of years out. I don't even bother looking at the prices of the new homes in The Villages, because I think you get the most bang for your buck with a preowned home. But if home prices continue to rise at the pace they have been, we're going to be priced out of the market. At that point, we may have to buy outside of The Villages and be regular visitors, or possibly buy in an other state.
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Quite right! The value of anything is what a buyer is willing to pay. Next time I will buy pre owned now that I know what it really costs for a new home, decent landscaping, decor, paint, draperies, yadda yadda add another 30k minimum. I spent much more. If I had it to do over... Aaah However I have the best neighbors ever and they are worth millions to me.
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The Villages has the obvious advantages, such as activities, safety, resturants, shopping, etc.......but as far as housing goes, I think the very biggest advantage to buying in the Villages is that it is a guaranteed investment. If you keep it until you go to your heavenly home, your children will have no trouble selling. Nowhere else in florida are the sales so consistent. In most of the state, the sales are quite stagnant, but if you can afford to buy here in TV, you will always get your investment back.
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The increases in prices are attracting a more upscale buyer. notice the increases In prices on several of the new Country Club Restaurants. Havana has also become more upscale. The Villages is now attracting buyers able to afford the higher prices. This process has been evolving since construction started south of 466. Another factor of course is the LOwer mortgage rates. The same monthly payment is possible with a higher priced home. Do the Math.
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After Market Upgrades
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Bonanza has not answered the question of whether or not she lives in TV.
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I am not insulting anyone in my post, but if the shoe fits . . . Some homes on Hillsborough Trail may have sold, but the amount of unsold homes tells you that building of all the spec homes did not work. They are sitting unsold and Hillsborough Trail is not the only area where this is true. Once again they are letting people make choices because all the spec houses they built are not selling as well as they thought. If the truth be known, you get more bang for your buck when you buy a resale. I'm not speaking about the people who think they are sitting on a pot of gold. I'm speaking about homes being well priced at market value, which would include upgrades that appeal to most buyers. The resales you looked at were probably just not your taste. Or perhaps you couldn't see beyond the way those homeowners furnished their property. Many people don't have the ability to do that and perhaps you are one of them. :wave: |
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crowded
Windows for one. TV homes are too close together. I'd not buy a TV home with a hand shake neighbor on both sides, a street in front and a neighbor so close behind you can share a grill.
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pick a lot w/o kissing lanai's there are plenty of both |
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I like the windows, and I like the attitude and mindset of the majority of the people who live here. The ones who like The Daily Sun. The ones like back home, The ones that made this great country what it is today. Ordinary, hard working, saving people who are careful with their money and generous with their hearts and their time. Sneaky people who do good things without broadcasting them. Folks who really don't want big yards to care for anymore and like homes all on one floor.
Yep. I am pretty crazy about the windows and I like the quality of the workmanship. And this isn't my first new home in my life. We like new, but used are nice too. But new ones and used ones cost the same Good morning everyone. It is a coolish day in The Villages, but the sun will shine just as soon as it comes up.. |
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They are double glazed standard windows? Quote:
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The use of CPVC under the slab is pretty typical in the south.
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that's correct, but I'm surprised they don't use Pex I think it's better & less expensive.
Also they don't use primer on the fittings just glue |
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Lower Sales
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You are entitled to your preferences like everybody. Of course you can find bigger lots in many places (even in TV, as has been pointed out). But similar spacing as in TV is not uncommon by any means. And it certainly is not a criterion for judging quality of construction. |
Small lots are better
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The Developer is no longer building the "neighborhood patio villas" and they sold very quickly in TV. I have no idea why but I'm sure there was a reason. This also brought total new sales down. |
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There are many homes available in mature areas which offer golf course or preserve views. That's one of the greatest things about The Villages. There is every type of home imaginable to suit every need. |
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The fact that they obviously did a deep cleaning after construction and before we moved in shows the attention to detail. I was very impressed with my builder walkthru - they guy has been building houses in the villages for 15 years and really knew his stuff. Ed |
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A Casement window like we have up North would not last 5 years in Florida - they are not built for the heat, humidity, or the rain downpours. A different solution for a different set of problems. You would have mold and other problems building up inside the cases in no time with a Northern style window. |
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The other houses in Hillsborough have sold very briskly. As far as a resale versus new- everywhere else I have been, I would agree with you totally. However, we did our homework and bought new. It was the best deal for what I got - period. I could have bought a resale with about the same stuff for $20,000 more, but with no Warranty. My second choice was a new house too. To be honest, the landscaping is good with Florida centric shrubs, etc. The only thing I needed to do that I would have had in a resale was window treatments that I had put in for $1600 from one of the sponsers on this site. I also added a few towel bars (about $200 total). I also had to buy a washer and dryer, and we got what we wanted. Other than that, there might be wants, but not needs... My 2 cents, and we love the villages. If you don't, I am sure there are houses available elsewhere. |
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As far as gutters (which cost only a $1 a foot) is don't install them if you want the edge of your slab to get saturated along with the sod or plant beds touching same............if you don't install them the termites will thank you over and over again. You need to move water away from the foundation avoid that moisture. |
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