[manaboutown]

Originally Posted by Altavia

They're able to sell and close over 100 new homes a week for some reason.

5200 homes a year? Wow if true.

[Packer Fan]

Not sure where you get home prices will drop 30% anywhere. Not going to happen, there is no evidence they will. In the villages, they will not drop, just level off. They barely dropped in 2008 and 2009. Just buy when you are ready.

[Garywt]

The patio villas will definitely be the cheapest. They use to make a 1 bed/1bath house that you could get for about $160,000 a few years ago. Probably $220-240k now if they still build them. A 2 bedroom might still be under $300k. To get one of these you need to have an agent ready to pounce the second one comes available or you won’t get it. Used ones might be available as well. A Courtyard Villa is nice and a step up. Built of brick instead of wood but they cost a little more.

Bonds are less in Villa neighborhoods. More house per feet of roadway. On a certain length of road you might have only 6 designer homes vs 10 villas for the same length of road. So $10000/6 or 10000/10 to set bond amounts.

[Rooklift]

1. In my opinion prices will drop and we are already seeing the beginnings of this.
2. This is not a resort community. ( a 65 - 70 yr old woman at Aldi passed on buying eggs for 5 dollars as they were too expensive)
3. Interest rates will effect all potential non cash buyers lowering the supply of buyers at these prices.

[RICH1]

Originally Posted by Papa_lecki

Don’t expect a 30% price drop (I think the level of price increases will just slow), but prices will continue to rise here. Prices are dropping because interest rates are increasing, too many cash buyers in the villages.

I agree …. Lol 30% … banks won’t let that happen … I personally would buy now….there is a shortage of homes nationwide

[Cobullymom]

Originally Posted by Bogie Shooter

Size of home has nothing to do with amount of bond.

Oh yes it most certainly does..the bond on a PV is not the same as a designer it goes by density and the PV obviously are set at a much closer rate.

[Cobullymom]

Originally Posted by Garywt

The patio villas will definitely be the cheapest. They use to make a 1 bed/1bath house that you could get for about $160,000 a few years ago. Probably $220-240k now if they still build them. A 2 bedroom might still be under $300k. To get one of these you need to have an agent ready to pounce the second one comes available or you won’t get it. Used ones might be available as well. A Courtyard Villa is nice and a step up. Built of brick instead of wood but they cost a little more.

Bonds are less in Villa neighborhoods. More house per feet of roadway. On a certain length of road you might have only 6 designer homes vs 10 villas for the same length of road. So $10000/6 or 10000/10 to set bond amounts.

Court yard villas are available stick built w/vinyl, block w/ stucco and now some new areas with prepoured walls that are set w/ stucco.

[BrianL99]

Originally Posted by CoachKandSportsguy

um, this is a resort area?

me thinks some people have a very high opinion of houses in the middle of rural florida. .

Let's see ...

Pools, tennis courts, recreation centers and golf courses around every corner? A bunch of people wearing shorts all year round, riding around in golf carts with weird logos, wearing silly hats?

That sounds suspiciously like a "resort". A resort is defined by what it is, not where it's located. Ever been to Yellowstone National Park? It's right the middle of rural Wyoming, bordering Cooke City, Montana.

[golfing eagles]

Originally Posted by Rooklift

1. In my opinion prices will drop and we are already seeing the beginnings of this.
2. This is not a resort community. ( a 65 - 70 yr old woman at Aldi passed on buying eggs for 5 dollars as they were too expensive)
3. Interest rates will effect all potential non cash buyers lowering the supply of buyers at these prices.

Time will tell if prices will drop or not. Last time around in 2008 they didn't drop much and rebounded quickly. Time on market is just slightly up for pre-owned homes, but new construction still sells within hours of being released. There are something like 70% cash buyers here, so mortgage rates have minimal impact.

Now, what does the price of eggs, and whether or not a woman who may or may not even live in The Villages passing on their purchase, have to do with home sales?????

[Southwest737]

Golf course house in my neighborhood has come down from over 700 to under 600k. Similar house nearby sold for 730 a year ago. Prices for existing homes has definitely dropped. Why buy an overpriced new home with a 40k bond? Plenty of nice homes up north for sale.

[golfing eagles]

Originally Posted by Southwest737

Golf course house in my neighborhood has come down from over 700 to under 600k. Similar house nearby sold for 730 a year ago. Prices for existing homes has definitely dropped. Why buy an overpriced new home with a 40k bond? Plenty of nice homes up north for sale.

Well, I just checked homes on TheVillages.com, and yes, there are a few golf front homes under 600K, mostly on the historic side and older neighborhoods and smaller models. If you want a designer built within the last 10 years on a golf course, you're looking at 1.1 million+

[ehonour]

"new sites opening up on the outskirts"? depends on what you mean by "outskirts"

New sites in TV are all being established now in the south end around the Florida Turnpike. What is "outskirts" today in that area will be completely surrounded by homes in six months. And the new homes being built are the most expensive (for the size) in TV. Older resales are less expensive. Resales in the historic areas (northeast, across US-441) are the least expensive, because they are mostly 30-y-o manufactured homes. But still nice.

If you mean outside the edges of TV, then yes you can get much less expensive purchases—but you will NOT get the amenities unless you're actually inside TV and paying for them in your monthly bill. You won't even be allowed to enter or use the rec centers or pools. Even guest access is limited if you live close to but outside TV. You can play golf, but only at retail rates.

Originally Posted by manaboutown

5200 homes a year? Wow if true.

Newest area on south side of SR 470 (to be renamed) is approved for constructing over 8200 households of which over 200 will be under 55 (Middleton).

[Dlbonivich]

Properties in Florida in general will probably not experience a 30% drop anytime soon. 1000 people a day move here. Supply and demand. We have seen a very small correction.

[Sandy and Ed]

Originally Posted by Altavia

They're able to sell and close over 100 new homes a week for some reason.

Higher average age of resident than national norm: Higher mortality rate? Older citizen snowbirds giving up seasonal home? Older year round residents moving closer to family? Moving into assisted living? All of this would create more availability of pre-owned homes to sell. Then add the unrestrained building of new homes in new villages. Supply and demand.