Talk of The Villages Florida

Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Price drop (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/price-drop-359014/)

justjim 05-29-2025 09:52 AM

Currently it’s a buyers market in The Villages. That is true but still there are many houses over priced and sellers attempting to get twice what they paid for it two or three years ago. Occasionally a buyer will come along with a satchel full of money and offer very close to the asking price because they can and the property is very close to what they want. It’s an interesting real estate market (a relative new buyers market) in The Villages but overall a better market here for the buyer and seller than you will find elsewhere because it’s still The Villages and it’s still a wonderful place to retire and live. Fore.

margaretmattson 05-29-2025 10:40 AM

Quote:

Originally Posted by ElDiabloJoe (Post 2434872)
Really? A home in Eastport at 7956 Jeff Anderson Way just
increased its price from 325K to 328K. At least
according to the RedFin alert I received this morning.

Small increase or decrease in price returns the home to page one on MLS. It is a trick realtors use to get more views of the home.

ElDiabloJoe 05-29-2025 11:04 AM

Quote:

Originally Posted by margaretmattson (Post 2434908)
Small increase or decrease in price returns the home to page one on MLS. It is a trick realtors use to get more views of the home.

Of course. Occasionally also done when a planned update or renovation is completed on the listed house (i.e.- replaced bedroom carpeting or painted interior).

Normal 05-29-2025 02:02 PM

Yes
 
Quote:

Originally Posted by justjim (Post 2434896)
Currently it’s a buyers market in The Villages. That is true but still there are many houses over priced and sellers attempting to get twice what they paid for it two or three years ago. Occasionally a buyer will come along with a satchel full of money and offer very close to the asking price because they can and the property is very close to what they want. It’s an interesting real estate market (a relative new buyers market) in The Villages but overall a better market here for the buyer and seller than you will find elsewhere because it’s still The Villages and it’s still a wonderful place to retire and live. Fore.

I would sit tight. It isn’t like prices, if or when they start back up again, will skyrocket overnight. They are still moving downward.

Sharkey 05-29-2025 10:06 PM

Quote:

Originally Posted by Rsener (Post 2434608)
First of all don’t buy a new home there are great deals on older homes . Lots of extras already installed . Most have no bond , most have bigger lots . Bin here ten years the best place too live is above 466

Good to know...but do you mean north of 466 or north of 466A?

Jalane 05-29-2025 10:41 PM

Quote:

Originally Posted by Sharkey (Post 2434988)
Good to know...but do you mean north of 466 or north of 466A?

It really boils down to what you like to do. If you like to shop, buy a house in the northern part of the Villages so you are close to those areas.

If you want to focus more on outdoor activities, there are more multimodal paths for walking and biking in the southern part of TV. There is a noticeable difference in the ages and activity levels of Villagers as you go south.

asianthree 05-30-2025 02:00 PM

Quote:

Originally Posted by Sharkey (Post 2434988)
Good to know...but do you mean north of 466 or north of 466A?

466 and 466a has the nickname of Between the 6’s.

One need to understand that everyone thinks their area or village is the best place to live. Even if it’s not, nobody is going to admit they made a half million dollar mistake :popcorn:

Ruger2506 05-30-2025 02:30 PM

Quote:

Originally Posted by asianthree (Post 2435215)
466 and 466a has the nickname of Between the 6’s.

One need to understand that everyone thinks their area or village is the best place to live. Even if it’s not, nobody is going to admit they made a half million dollar mistake :popcorn:

Middleton is the best in the area. At least that's what my buyers need to know.

JMintzer 05-30-2025 08:50 PM

Quote:

Originally Posted by margaretmattson (Post 2434579)
From my experience, the developer lowers the price on undesirable homes. Backs up to a major street, power lines, noise, kissing lanais, small interior lot, etc. OP, follow your gut. If you feel a home will not retain its value or a price drop is in the near future, you are probably correct.

If you are looking at preowned, research thoroughly before you buy. I would suggest you start with math.

714 homes available on MLS. Each week more are added. Homes sold each week average 30 to 40.

OVER 90% OF THE INVENTORY IS SITTING. If you are patient, it will not be difficult to find a good bargain.

That is because sellers think their homes are still worth what they were during the "Covid Boom"...

Normal 05-30-2025 09:05 PM

Those days are gone
 
Quote:

Originally Posted by JMintzer (Post 2435293)
That is because sellers think their homes are still worth what they were during the "Covid Boom"...

That boom in Florida is long gone forever. 2% mortgages, bidding wars and competing for a house are in the rear view mirror. Now we have the condo market collapse, 7% interest, skyrocketing insurance and record contract cancellations.

ElDiabloJoe 05-31-2025 09:18 AM

Quote:

Originally Posted by Normal (Post 2435297)
That boom in Florida is long gone forever. 2% mortgages, bidding wars and competing for a house are in the rear view mirror. Now we have the condo market collapse, 7% interest, skyrocketing insurance and record contract cancellations.

Demand is lessening. A great time for Buy N Holders to buy.

MplsPete 05-31-2025 11:40 AM

\\\\\

Aces4 05-31-2025 11:49 AM

Quote:

Originally Posted by Normal (Post 2435297)
That boom in Florida is long gone forever. 2% mortgages, bidding wars and competing for a house are in the rear view mirror. Now we have the condo market collapse, 7% interest, skyrocketing insurance and record contract cancellations.

And don't forget the huge bond on new homes.


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