[Altavia]

Q4 Market Update 2024

Real Estate Market Update
Fourth Quarter 2024

TOTALS

Q4 YTD
Homes & Villas Pending
1,484. 5,895

Homes & Villas Closed
1,548. 5,800

[Normal]

Originally Posted by Altavia

Real Estate Market Update
Fourth Quarter 2024

TOTALS

Q4 YTD
Homes & Villas Pending
1,484. 5,895

Homes & Villas Closed
1,548. 5,800

Quite a different note than a year or two back. Maybe we will see the turn around after the Fed cuts rates?
Hopefully things pick up soon.

[Jack58033]

I don't monitor this all the time but it looks good to me. Real estate has always been about timing. Right?

[Altavia]

Originally Posted by Normal

Quite a different note than a year or two back. Maybe we will see the turn around after the Fed cuts rates?
Hopefully things pick up soon.

Not that much different time on market than two years ago. And no worse that the rest of Florida.

Exterior lots still sell fast at best appreciation, interior lots, not so much, dragging the metric down.

[Altavia]

The Villages Real Estate Market Update 4th - Quarter 2024 Surprise

Gary Abbot

https://youtu.be/nGfEppaxguI

In this video, I dive into the latest trends and surprises from The Villages real estate market report for the 4th quarter of 2024.

Join me as I analyze key statistics, emerging patterns, and unexpected developments that are shaping the landscape of this vibrant community.

Whether you're a potential buyer, seller, or simply curious about the market dynamics, this update provides valuable insights to help you navigate the opportunities and challenges in The Villages.

Don't miss out on the surprising shifts that could impact your real estate decisions!

Q4 Market Update 2024

[vintageogauge]

Selling an average of 7 new and 7 pre-owned per day for the year is no lower than the last few years if I remember correctly. That is a lot of homes to sell plus the MLS homes.

[Normal]

Originally Posted by vintageogauge

Selling an average of 7 new and 7 pre-owned per day for the year is no lower than the last few years if I remember correctly. That is a lot of homes to sell plus the MLS homes.

Not too bad except you have a larger amount of homes so you need to look at it proportionally. Besides, homes are now listed at a dismal amount of days before selling. Just look at the end of year 2023. The market is bad everywhere in Florida though, not just the Villages.

[Byte1]

It's a buyer's market. Prices at sale are much lower than prices they were listed for. Prices for pre-owned homes are lower than they were a year ago. I don't believe it has ever happened in the Villages before; not even when it happened everywhere else. The Villages always thrived. Bad time for sellers, good time for buyers. Maybe it will get better when/if the interest rates go down again?

[ComingfromCT]

Wow, you are GOOD! Sounds like this Gary Abbot guy has some (or all) of this data already in a spreadsheet. I just reached out to him.

You have been very kind and VERY helpful. What a great community we live in!!

Have a blessed day!

Originally Posted by Altavia

The Villages Real Estate Market Update 4th - Quarter 2024 Surprise

Gary Abbot

https://youtu.be/nGfEppaxguI

In this video, I dive into the latest trends and surprises from The Villages real estate market report for the 4th quarter of 2024.

Join me as I analyze key statistics, emerging patterns, and unexpected developments that are shaping the landscape of this vibrant community.

Whether you're a potential buyer, seller, or simply curious about the market dynamics, this update provides valuable insights to help you navigate the opportunities and challenges in The Villages.

Don't miss out on the surprising shifts that could impact your real estate decisions!

Q4 Market Update 2024

[Altavia]

Originally Posted by Byte1

It's a buyer's market. Prices at sale are much lower than prices they were listed for. Prices for pre-owned homes are lower than they were a year ago. I don't believe it has ever happened in the Villages before; not even when it happened everywhere else. The Villages always thrived. Bad time for sellers, good time for buyers. Maybe it will get better when/if the interest rates go down again?

This market in many ways is the anthesis of traditional markets.

Traditionally, it's advised to buy the lowest cost homes In a neighborhood if your wanting best appreciation.

Here, the more expensive exterior lots appreciate at a greater rate than the interior lots that are more difficult to find a buyer

I wonder what percentage of homes for sale are people who don't "have" to sell. Maybe testing the waters to move to a more desirable location or buy a new home.

New home sales remain relatively constant.

[vintageogauge]

TV continues to buy and build with no end in sight they don't seem to be worried about it. Those selling their homes are seeking to gain too much of a profit and greed will allow their homes to sit until they realize it ain't gonna happen. To sell quickly homes have to be listed below comparable homes or have something the others do not have.

[CarlR33]

Originally Posted by Jack58033

I don't monitor this all the time but it looks good to me. Real estate has always been about timing. Right?

I thought the same.

[vintageogauge]

Just got a note from our agent that they are selling the Street of Dreams model homes, close in 60 days, some with furnishings being released Wed. morning at 8:00 AM.

[Altavia]

Originally Posted by vintageogauge

Just got a note from our agent that they are selling the Street of Dreams model homes, close in 60 days, some with furnishings being released Wed. morning at 8:00 AM.

Those can be good deals, ones near us were cleaned weekly, power washed frequently and they have the various subs go through then prior to sale..