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It sold in 2012 for 14 thousand less than they paid for it in 2006 but Zillow's "Zestimate" for today's value is $312. Perhaps I didn't understand you or you me, but I am saying it is hard to lose money today on homes in The Villages. |
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You are right, that is what I said, but that isn't what I meant. Of course everyone was being hit hard in that time, but NOT TODAY. I haven't heard of anyone losing money selling a home here now. The home near you that you mentioned that is listed for less than it's original price? PM NUCKY and tell him. He is looking for a bargain. |
From the Zillow chart Villages home prices peaked Nov-Dec 2007, slid to a bottom in Dec 2011 and have recovered substantially but have yet to quite reach the previous peak. Of course the price ranges of the homes built during that time period affect these results. It is not as if the peak of 2007 represents the identical group of houses as the bottom of 2011 or what is being built and/or sold today.
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You don't know whether it was rented out for 6 years at $3000/month for 5-6 winter months per year, or whether it was rented out on annual lease for $1600/month and then was worn out inside when listed. Or maybe they ran it as rental business loss on purpose, to offset capital gains on sale of their other property elsewhere. |
:bigbow:
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The Bridgeport listed for $599,000 is now in pending status. I will be interested to see what the final selling price is. It was a good deal for the buyer.
https://www.talkofthevillages.com/fo...omeone-181690/ |
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