[2BNTV]

I bought in August 2013 when patio villa's when in low inventory but I paid a reasonable price. Since then I believe the "Daily Sun", had stated prices increased about 27%.

I have seen two homes purchase at way above, what they should have sold for.

If you are going to wait three years before buying, you may pay more, if build-out is completed, assuming you want to purchase, a brand new home. I also tend to believe the pre-owned homes will be worth more, after build-out. As always, the market will determine the selling price. If you are like me, you will go crazy trying to figure out all of the variables in buying a home. I tend to have developed the "paralysis of analysis".

I believe some home owners are capitalizing on the fear of some people wanting to move here, by asking for much more, than their home is worth. JMO

One thing that has helped me to buy here is, "what is it worth to get on with the rest of your life"?

[dewilson58]

May pay more in two or three years, or...............

Originally Posted by manaboutown

Is there a bubble within the bubble?

[otherbruddaDarrell]

Too many homes are priced higher then what they are worth. We made an offer on one about a month ago and they countered. We in turn made another offer which they declined. They were $5000 higher then we were willing to pay.
Now in the past week they raised the price of the home up $5000 in the hopes that someone will offer what they wanted in the first place.
Many of the manufactured homes are being offered at a price where you should be able to get a nice stick built with a garage.
They are trying to get the snowbirds to buy before they go back home.
As long as people are foolish enough to pay too much money they will continue to price them too high.

[dewilson58]

It's like the old TV show, Hill Street Blues............"Hey, you be careful out there."

[asianthree]

Originally Posted by kittygilchrist

Nobody has data...?

You take the copy of listing keep it when it sells go to site and see what the house really sold for. That way you know how long on the market and what was included in the house. Yes it takes time but if you really want to know that is how I did it. Plus I also knew that furniture was sometimes included, upgrades, and sometimes renters.

[JMEZARIC3]

Originally Posted by Bogie Shooter

https://www.talkofthevillages.com/fo...an-feb-145828/

I keep an eye on resale Patio Villas in Lynnhaven.Most homes are selling for 3% to 5% below list.During March 2013 Patio Villlas were selling for $140,000 to $147,000.
Today $175,000 to $182,000.

[rubicon]

I bought on a championship golf course in 2006 and have made made several additions, etc. Improvements aside my home is still not worth what I initially bought it for. I believe the OP is not comparing apples with apples

[Jayhawk]

Originally Posted by T-325

Still doing my (very expensive) homework as I have a few years left before retirement and am keeping an eye on house prices.

Is it just me... but from what I see lots of house listings have asking prices that are 40% higher than what the houses sold for just 1 - 2 years ago. The new house prices haven't gone up more than 5-10 %(however granite and other up-sells are no longer included)

With another thread recently saying resale house volumes are down... are some sellers getting ahead of themselves. Is anyone seeing big gaps between asking and sales prices?

Will be down at the end of the month to kick a few more tires

T-325 (now 2-3 years out)

Don't pay too much attention to those who say sellers are greedy and over-priced.

While resales through the Villages may be lower than last year, that could be because so many people moved up from one house to a more expensive one last year. That alone would account for fewer this year. Plus another 2,600 NEW home sales have occurred.

Also, a healthy re-sale inventory is 4 months supply. Economists will generally use this as a benchmark.

Based on current re-sale inventory listed with The Villages (463 at this moment), and averaging the number of actual re-sales over the past 12 months (2,094), there is today 2.6 months inventory listed. These are extremely strong sales indicators. It also tracks closely with data provided by Lyle Gant for MLS listings (non-Villages agents). For January and February the average days on the market was 65 days. Again, just over 2 months.

Oh yeah, and the average sale was 97% of the listed price. Not Bad, huh?

2015 Sales

Do your own research, but don't miss out because some people give opinions rather than facts.

[SALYBOW]

As I understand it the asking price is not just a price the seller comes up with but a price that they are advised to use per the Village rep withwhom they are working.

One rep told "me the owners know what their home is worth."

[JoMar]

Originally Posted by otherbruddaDarrell

Too many homes are priced higher then what they are worth. We made an offer on one about a month ago and they countered. We in turn made another offer which they declined. They were $5000 higher then we were willing to pay.
Now in the past week they raised the price of the home up $5000 in the hopes that someone will offer what they wanted in the first place.
Many of the manufactured homes are being offered at a price where you should be able to get a nice stick built with a garage.
They are trying to get the snowbirds to buy before they go back home.
As long as people are foolish enough to pay too much money they will continue to price them too high.

So if someone prices a house higher than you think it should be priced and someone pays it.....the buyer is foolish? Did you really mean that?

[dewilson58]

Originally Posted by Jayhawk

Don't pay too much attention to those who say sellers are greedy and over-priced.

While resales through the Villages may be lower than last year, that could be because so many people moved up from one house to a more expensive one last year. That alone would account for fewer this year. Plus another 2,600 NEW home sales have occurred.

Also, a healthy re-sale inventory is 4 months supply. Economists will generally use this as a benchmark.

Based on current re-sale inventory listed with The Villages (463 at this moment), and averaging the number of actual re-sales over the past 12 months (2,094), there is today 2.6 months inventory listed. These are extremely strong sales indicators. It also tracks closely with data provided by Lyle Gant for MLS listings (non-Villages agents). For January and February the average days on the market was 65 days. Again, just over 2 months.

Oh yeah, and the average sale was 97% of the listed price. Not Bad, huh?

2015 Sales

Do your own research, but don't miss out because some people give opinions rather than facts.

May not want to post that link............the numbers don't calculate correctly.

[dewilson58]

Originally Posted by rubicon

I bought on a championship golf course in 2006 and have made made several additions, etc. Improvements aside my home is still not worth what I initially bought it for. I believe the OP is not comparing apples with apples

I agree.................prices have come up and continue to, but we are not back to 2007 prices.

[otherbruddaDarrell]

If they want to throw away money on an overpriced home it is ok by me. We will wait and keep looking.

[Miles42]

Homes prices as with anything else are only worth what others are willing to pay. You can ask for the moon and wait forever or be realistic and go for a fair market selling price.

[asianthree]

Originally Posted by otherbruddaDarrell

If they want to throw away money on an overpriced home it is ok by me. We will wait and keep looking.

If you find the right home with the right view and in the village that you want to live in I don't think you are throwing away money. We bought the first two houses because it was what we wanted to spend. The third house was what we dreamed of.