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.

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.

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.

The only limit is when people will no longer pay it.

not as long as there are enough people to pay the price....and there obviously is.

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.

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.

:agree:Home sales in The Villages are the envy of most communities.

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.

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.

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.

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.

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.

After looking at a bunch of preowned homes that people finished to their taste we bought a spec home in Hillsborough because it was more bang for our buck, and very well appointed. Do you think who you are insulting befor you post? Homes in Hillsborough have sold quite well, and by the way, they rent VERY well.

I have an engineering degree and have owned many homes over the years. I have also supervised the building of commercial structures. The concrete and stucco home I bought here is very good construction. It appears the builders have learned how to build a good home for the climate and area. I felt I got a very well built home at a good price which is why I bought. I was especially impressed with the HVAC and hot water setup. The only complaint is not enough switched outlets in the bedrooms! I think some people have a very negative attitude and should take it back to the Northeast. Btw, it is rented next year already for a very nice price.

After Market Upgrades
 

I had a good friend tell me the same before we purchased our first home in TV. By the way, we are moving soon into our 4th. As a general rule, upgrades are cheaper after market rather than purchasing them thru the builder. :coolsmiley:

Perhaps I'm getting somewhat off the subject of this thread, but here goes. I mean no disrespect to you Packer Fan (Go Pack - I too am a member of the Packer Nation) or to the quality of the homes being built in The Villages, but I'm intrigued by the above quote. You have an engineering degree and commercial construction experience in what I assume is Wisconsin, and I have plumbing contractor, master plumber, and journeyman plumber licenses in Minnesota, and a journeyman plumber license in Wisconsin (I was born and raised in Racine, WI). I have experience in residential, commercial and light industrial construction, but obviously my expertise is in plumbing. Over the years of visiting The Villages I've visited numerous jobsites during different phases of construction. I like their choices of Kohler elongated comfort height toilets and Kohler/Sterling fixtures, and Delta faucets. But I question the use of primer/glue cpvc (as opposed to pex) water piping under the slab, plastic push on supply stops, etc. I think the quality of the homes is good but not extraordinary. Like anywhere else in the country, the developer and the construction companies cut costs wherever they can. Unfortunately it's sometimes to the detriment of the homeowner. Just my opinion...

Bonanza has not answered the question of whether or not she lives in TV.

How so? explain exactly what you saw please

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.

that can be resolved, get a bigger lot.

pick a lot w/o kissing lanai's

there are plenty of both

I'd have to agree with you on the windows. The windows here don't seem very soundproof compared to the windows we had up north. And everyone would agree that the homes are too close together. Not everyone wants to spend the huge premiums that private larger lots command. That said, we made the compromise because the Villages offers things that other retirement communities don't. It was a tradeoff for us. We are fortunate that our neighbors all enclosed their lanai's. We planted a lot of landscaping in the back and have privacy visually and sound wise. Our neighbors next door are quiet, and we live on a quiet street. You can make it work, but its the luck of the draw on the neighbors.

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..

How can windows be sound proof?


They are double glazed standard windows?

The sun is like clockwork Gracie

The use of CPVC under the slab is pretty typical in the south.

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

Sorry, I misspoke - should have referred to sound reduction. Some windows do not transmit outside sound as well as other windows. It refers to the STC value (Sound Transmission Class) of the windows - directly relating to thickness of glass and airspace in the windows, and how airtight they are. Typically the STC of double paned windows has a range of 26-32. You can buy "soundproof" windows that typically have much higher STC values. I have spoken with other people that commented that the windows here seem to transmit sound more easily than what we had up north. I don't know if it is the windows themselves, or the method of installation. I suppose if one is hard of hearing, as are many of us at this age, it wouldn't be a big deal one way or another. But not everyone has hearing loss. I personally have pretty sensitive hearing and have noticed the difference from our Anderson windows up north.

Lower Sales
 

Very subjective.

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
 

In Florida we find smaller lots are better for a number of reasons, but primarily because of the necessity of watering your yard and cost of land. Water, as we know, has become precious and very costly.

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.

Several things - I was not aware what they used for piping under the slab. However, I like the plastic push on the supply stops - I have the same thing in my condo in Milwaukee- I know it seems cheap, but it works great- I had to pull the toilet to put in a new floor and it was zip zip with no wet floor like the old type of metal stops. However, I was thinking more of the arrangements of where and how they do the HVAC, as well as the windows and lack of gutters. The windows are simple, have the low E coating on the outside of the inside pane to keep sun and heat OUT, and have really good drainage to deal with the downpours. Same thing with lack of gutters. With the downpours in the area, I would be concerned that water would splash up from the gutters and get under the shingles and eventually start leaks. With the lack of basements and the sand around the houses, gutters are not only unnecessary but detrimental in my opinion. Seems like the general quality is good- finishes on the concrete, drywall, etc..

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

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.

Where are you getting your statistics on what is selling and what is not? I hear a lot of opinion.. And the house I bought is in Hillsborough, but not on the trail. I personally think the reason the houses on the main drag don't sell fast is the Lanai's are on a busy road- I am sure they have problems selling all the ones like that - it has nothing to do with being a spec home.

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.

the correct way solar glass is made is with the coating is on the INSIDE of the interior glass see the Cardinal glass web site.

Water really can't get under the shingles there is a starter course and a drip rail. I have never heard of a problem here.

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.