[twoplanekid]

As a follow up to the information provided in The Villages Daily Sun on April 13, 2020, I have included a link to the article in RCLCO that gives all of the numbers.

The Top-Selling Master-Planned Communities of 2019 | RCLCO Real Estate Advisors

RLCO suggests that there is a need for more homes selling for less than $300,000 and under 2,000 square feet.


Historical annual home closings and historical annual average sales prices (home and lot) in The Villages are as follows:

Year Homes Sold (Home and Lot) Average Sale Price
1986 511 *
1987 543 *
1988 517 *
1989 542 $ 74,000
1990 502 79,000
1991 430 81,000
1992 562 87,000
1993 567 93,000
1994 686 98,000
1995 700 106,000
1996 753 115,000
1997 1,054 119,000
1998 1,321 129,000
1999 1,544 139,000
2000 1,776 151,000
2001 2,074 156,000
2002 2,260 163,000
2003 3,329 168,000
2004 3,955 204,000
2005 4,263 232,000
2006 3,935 257,000
2007 2,403 251,000
2008 2,236 231,000
2009 2,115 229,000
2010 2,208 231,000
2011 2,307 241,000
2012 2,850 244,000
2013 3,419 271,000
2014 2,601 304,000
2015 2,294 304,000
2016 1,966
2017 2,231
2018 2,134 281,000
2019 2,429

[Gpsma]

And now house prices are plummeting. People will stay put. No one will retire here from the North. They see how the government there is more caring and concerned thru this time. Plus..more resources.

[DianeM]

Originally Posted by twoplanekid

As a follow up to the information provided in The Villages Daily Sun on April 13, 2020, I have included a link to the article in RCLCO that gives all of the numbers.

The Top-Selling Master-Planned Communities of 2019 | RCLCO Real Estate Advisors

RLCO suggests that there is a need for more homes selling for less than $300,000 and under 2,000 square feet.


Historical annual home closings and historical annual average sales prices (home and lot) in The Villages are as follows:

Year Homes Sold (Home and Lot) Average Sale Price
1986 511 *
1987 543 *
1988 517 *
1989 542 $ 74,000
1990 502 79,000
1991 430 81,000
1992 562 87,000
1993 567 93,000
1994 686 98,000
1995 700 106,000
1996 753 115,000
1997 1,054 119,000
1998 1,321 129,000
1999 1,544 139,000
2000 1,776 151,000
2001 2,074 156,000
2002 2,260 163,000
2003 3,329 168,000
2004 3,955 204,000
2005 4,263 232,000
2006 3,935 257,000
2007 2,403 251,000
2008 2,236 231,000
2009 2,115 229,000
2010 2,208 231,000
2011 2,307 241,000
2012 2,850 244,000
2013 3,419 271,000
2014 2,601 304,000
2015 2,294 304,000
2016 1,966
2017 2,231
2018 2,134 281,000
2019 2,429

You must have spent quite a bit of time researching the details you shared. Thank you for sharing with us. Houses seem to be holding their own recently price wise.

[MSchad]

Originally Posted by Gpsma

And now house prices are plummeting. People will stay put. No one will retire here from the North. They see how the government there is more caring and concerned thru this time. Plus..more resources.

Do you have concrete comparisons you want to share, or just opinion of what you think might come?

[twoplanekid]

Coronavirus’ Impacts On Real Estate: Why You Need To Think Short-Term And Longer-Term found on the RCLCO site ->

Advisory: Coronavirus' Impacts On Real Estate | RCLCO Real Estate Advisors

[skyking]

Originally Posted by Gpsma

And now house prices are plummeting. People will stay put. No one will retire here from the North. They see how the government there is more caring and concerned thru this time. Plus..more resources.

I am willing to bet you are wrong.

[Heyitsrick]

Notice that Lakewood Ranch in Bradenton/Sarasota is right there at #2. The biggest difference in homes, at least, is that Lakewood Ranch is comprised of many communities built by different developers. You've got a couple of 55+ communities (Del Webb and Kolter), and several other non-age restricted communities, as well - all part of the Lakewood Ranch master planned area. It's inland, but still close enough to the beaches (e.g. Siesta Key). Not far from I-75.

[Ashley from UK]

Originally Posted by twoplanekid

Coronavirus’ Impacts On Real Estate: Why You Need To Think Short-Term And Longer-Term found on the RCLCO site ->

Advisory: Coronavirus' Impacts On Real Estate | RCLCO Real Estate Advisors

Very interesting article, and rightly highlighting that Over 55 communities are the unknown. Why? Because you are as likely to see a huge BOOM in sales later in the year as people from cities decide to move out, retire earlier (by choice or forced due to closure\downsizing).

Another potential for a boom is the uptake in home working. We have had the tecnology for years, and whilst my company in the UK is able to homework there has been a reluctance to do so in the belief that staff prefer to work in an office together. I am hoping that this period proofs we don't have to work in hugely expensive city offices, and that people can work at home, and are more productive. If this happens then you are as likely to see more older people decide to work from homes in Florida than in say New York... at least I am kinda hoping that I can work from my home online in Florida during the winter months rather than waste 2 hours a day commuting in the freezing cold into a central London office...

[davem4616]

Originally Posted by Gpsma

And now house prices are plummeting. People will stay put. No one will retire here from the North. They see how the government there is more caring and concerned thru this time. Plus..more resources.

sorry "Chicken Little"....not buying into your theory that the sky is falling

nor your bias that the state governments in the northern states are more caring than the state of Florida....that's pure BS

"northerner's" will continue to retire here for the same reasons they always have

[MandoMan]

The vast majority of homes in The Villages are under 2,000 square feet, so we are filling a need for small homes. Indeed, I think the great majority are 1,250 square feet or less. However, they are not cheap! I think people pay a 30% to 50% premium to live in The Villages compared to living a mile or less away just outside The Villages. Why are we willing to pay more? We want the activities, the camaraderie, the safety, the high standards for landscaping and parking (believe it or lot). We like living where nearly everyone is in our income bracket and owns a nice home with a garage and plays golf on the same courses and swims at the same pools and dines at the same restaurants and joins the same clubs. We would rather have those than have a house twice the size of ours a mile away for the same price. It’s a formula that works. We paid the price because we were willing to and because we worked hard for decades so we could afford it. There are plenty of options available for those with a different sense of values (for example, preferring square feet to amenities). There are even older parts of The Villages where homes are much cheaper. The Villages shouldn’t go out of its way to build “affordable housing”. That would backfire.

Will housing prices drop? Only for people who insist on selling right now. After all, the number of people who want to buy when they can’t even easily come to look is limited. A year from now, prices will be back where they were a few months ago. Prices may drop a lot more in other places, but I expect that Real Estate in The Villages is not going to be a bargain for long, if it is now. I didn’t come here for a bargain—I bought here for the lifestyle—which I assume will return someday.

[toeser]

Originally Posted by Choro&Swing

The vast majority of homes in The Villages are under 2,000 square feet, so we are filling a need for small homes. Indeed, I think the great majority are 1,250 square feet or less. However, they are not cheap! I think people pay a 30% to 50% premium to live in The Villages compared to living a mile or less away just outside The Villages. Why are we willing to pay more? We want the activities, the camaraderie, the safety, the high standards for landscaping and parking (believe it or lot). We like living where nearly everyone is in our income bracket and owns a nice home with a garage and plays golf on the same courses and swims at the same pools and dines at the same restaurants and joins the same clubs. We would rather have those than have a house twice the size of ours a mile away for the same price. It’s a formula that works. We paid the price because we were willing to and because we worked hard for decades so we could afford it. There are plenty of options available for those with a different sense of values (for example, preferring square feet to amenities). There are even older parts of The Villages where homes are much cheaper. The Villages shouldn’t go out of its way to build “affordable housing”. That would backfire.

Will housing prices drop? Only for people who insist on selling right now. After all, the number of people who want to buy when they can’t even easily come to look is limited. A year from now, prices will be back where they were a few months ago. Prices may drop a lot more in other places, but I expect that Real Estate in The Villages is not going to be a bargain for long, if it is now. I didn’t come here for a bargain—I bought here for the lifestyle—which I assume will return someday.

You nailed us on the nose. Our house is 2,150 sq. ft. When we were looking, we toured a home in Citrus Hills, not in their best location, that was 3,000 sq. ft. with a huge pool and lanai and the build quality throughout was better than what we bought in TV. It was the exact same price we paid for our Villages home. Having now lived here several years, I wouldn't trade for the Citrus Hills house if it was less money.

[New Englander]

If house prices are down, it's a temporary thing because of the Covid 19 crisis. They will find a solution for the virus and everything will return to normal.
Think Positive!!!!

[skyking]

Originally Posted by Gpsma

And now house prices are plummeting. People will stay put. No one will retire here from the North. They see how the government there is more caring and concerned thru this time. Plus..more resources.

Single-family property values in The Villages metropolitan statistical area took a huge leap upward in February, CoreLogic announced in its latest home price index. Not only did the property values rise 6.1%, but the region’s home price index beat Florida’s increase of 3.9%, and the nation’s increase of 4.1%. The sale value of single-family homes also increased during February in The Villages of Sumter County. The median price of a single-family home during February in that section of The Villages was $279,100, a year-over-year increase of 3.4%, according to data provided by the Sumter County Property Appraiser’s Office.

[jarodrig]

Originally Posted by Gpsma

And now house prices are plummeting. People will stay put. No one will retire here from the North. They see how the government there is more caring and concerned thru this time. Plus..more resources.

Total BS !!!