Talk of The Villages Florida

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-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Villages Home Inventory has Exploded (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/villages-home-inventory-has-exploded-356426/)

Rocksnap 02-09-2025 05:28 AM

Quote:

Originally Posted by justjim (Post 2407793)
Supply and demand. Too much supply and not enough demand is a buyers market. As mentioned in a major Florida newspaper, corporate real estate investors have already purchased several thousand Florida properties. How this will play out remains to be seen.

I think most of us would be very happy if corporate investors stayed out of the housing market. I’m hoping the new peeps in office do something about that.

jamorela 02-09-2025 05:51 AM

Quote:

Originally Posted by Normal (Post 2407714)
Looked at Zillow today for homes for sale in The Villages of Florida. Mind you, it isn’t inclusive of all MLS etc, or of Villages Realty VLS and we just passed the 700 homes and that’s just Zillow listings….WOW

Inventory just a week ago was up almost 12% on the MLS over a one month period. We are definitely in uncharted waters as far as homes for sale here! Homes are for sale everywhere.

Location! Location! Location! 1 mile south of Lake Sumter Landing

I feel very Fortunate. I sold mine for sale by owner and sold within two weeks after the third person looked at it.

Byte1 02-09-2025 06:20 AM

Quote:

Originally Posted by Bassdeer (Post 2407891)
Good, moving down there spring of 2026, We are going to rent the first year just to make sure TV is for us.

Just my opinion, BUT if you are serious about moving down to the Villages, now is the time to purchase. I doubt if the market will be as great for buyers a year from now as it is now. I may be wrong, but the economy is pretty fluid and it can change fast. This is a buyer's market like the Villages has probably never seen before. I have no basis for my opinion, but I have lived here for over 12 years and have never seen so many homes for sale before. Keep in mind, when shopping for a home here, the difference between a home WITH a bond and the price of a home without a bond. You now have hundreds of homes to choose from and now is a great time to find a home in a neighborhood that YOU can choose and not one that you might normally have to settle for. It's like a child in a candy shop, with everything at a sale price. Some homes are priced up to $50K less than they might have sold for about 8 months ago.

dewilson58 02-09-2025 06:34 AM

OH NO, the inventory tumbled all the way down to 665 Zillow listings.

The market is crashing, the sky is falling, the world is ending.

Zzzzzzzzzzzzzzzzzz.

:faint::faint:

seecapecod 02-09-2025 08:15 AM

Quote:

Originally Posted by Normal (Post 2407714)
Looked at Zillow today for homes for sale in The Villages of Florida. Mind you, it isn’t inclusive of all MLS etc, or of Villages Realty VLS and we just passed the 700 homes and that’s just Zillow listings….WOW

Inventory just a week ago was up almost 12% on the MLS over a one month period. We are definitely in uncharted waters as far as homes for sale here! Homes are for sale everywhere.

Zillow IS the MLS- it sweeps MLS data and town/county records to maintain data regarding selling price, reductions in price and sold price. You are correct VLS is not MLS and not represented on Zillow until after closing and recording the data in town/county records. Then you’d see sold price.

Mrfriendly 02-09-2025 08:23 AM

Quote:

Originally Posted by Pairadocs (Post 2407940)
Don't doubt your stats since I really don't know them myself, but I am really surprised that 50% of the homes purchased by retirees are mortgaged. Expected some for various reasons, but 50% really did surprise me, thought it was be much lower.

We bought designer model 4yrs ago using a 2.9% mtg. Money Markets were paying over 5%.

BrianL99 02-09-2025 08:31 AM

Quote:

Originally Posted by Normal (Post 2407714)
Looked at Zillow today for homes for sale in The Villages of Florida. Mind you, it isn’t inclusive of all MLS etc, or of Villages Realty VLS and we just passed the 700 homes and that’s just Zillow listings….WOW

Inventory just a week ago was up almost 12% on the MLS over a one month period. We are definitely in uncharted waters as far as homes for sale here! Homes are for sale everywhere.

Quote:

Originally Posted by seecapecod (Post 2408109)
Zillow IS the MLS- it sweeps MLS data and town/county records to maintain data regarding selling price, reductions in price and sold price. You are correct VLS is not MLS and not represented on Zillow until after closing and recording the data in town/county records. Then you’d see sold price.

The prevailing opinion (& admittedly it's only opinion/guesswork) is that MLS & VLS each have about 50% of the pre-owned home business.

A reasonable guess, would be that there are 1400-1500 homes in TV, on the market. That represents almost 2%, which is about double what would generally be expected. 2% is definitely a Buyer's Market. 3% would be the bottom falling out.

Kelevision 02-09-2025 08:47 AM

Quote:

Originally Posted by Overlook1 (Post 2407894)
It’s certainly a buyers market right now. But that is real estate. Some years buyer -some years seller market.

Houses that have sq ft and “updated” and priced appropriately are selling right now within 30-60 days.

People feel an updated house is still worth a higher price based on their lot view but those are sitting.

No one’s making a killing. Some houses are selling below what the current owner paid for the house a few years ago.

MLS will provide that info. But TV realty will not. TV realty tries to keep prices steady from year to year.

It’s actually not a buyers market now. Not according to anything I’ve seen or read. It’a a sellers market leaning toward neutral. Things are different in TV though. Also, there are lots of pending homes and very few new homes available.

I remember a year or so ago, someone on here kept saying the new homes in south weren’t going to sell that there were so many left that nobody would ever want to live that far south. Well, they sold…I’m guessing lots of people bought as rentals and that ship has sailed. The rentals aren’t what they used to be. Lots of available places all year round.

phylt 02-09-2025 08:58 AM

We are Frogs here in TV. New Designer home, built 10 years ago. It's great for us and we have zero desire to move to a smaller/larger home. So the local real estate market is not of great concern to US.

But, when we CROAK, hopefully the resale market will be up then.

SHIBUMI 02-09-2025 09:00 AM

So True and for More Money
 
Location Baby! 4/3 with pool on golf course selling for very high. Watched a couple sell for 1.4 and 1.6 within 1 month. Almost a double! Amazing how the high end goes up when the low end goes down. While the supply of low ends are increasing, the supply of high ends is low. Low supply price up, high supply price down. It ain't complicated.......Bottom line is location as usual. Low end with good location will get price jump over others. But, it's nice to see more Villa's dropping to the 200-220 range, their location not as important as affordability for many.


.
Quote:

Originally Posted by asianthree (Post 2407821)
Lots of interior homes sitting as in the past. Those with views and larger homes don’t sit long. Those who bought and built view/4/3 homes, are still selling.


Aces4 02-09-2025 09:15 AM

Quote:

Originally Posted by SHIBUMI (Post 2408133)
Location Baby! 4/3 with pool on golf course selling for very high. Watched a couple sell for 1.4 and 1.6 within 1 month. Almost a double! Amazing how the high end goes up when the low end goes down. While the supply of low ends are increasing, the supply of high ends is low. Low supply price up, high supply price down. It ain't complicated.......Bottom line is location as usual. Low end with good location will get price jump over others. But, it's nice to see more Villa's dropping to the 200-220 range, their location not as important as affordability for many.


.

Yes but isn't a large part of being "a high end home" being located in high end area vs all the "low end homes" which are around them for the most part in The Villages?

Indydealmaker 02-09-2025 09:31 AM

Quote:

Originally Posted by Normal (Post 2407714)
Looked at Zillow today for homes for sale in The Villages of Florida. Mind you, it isn’t inclusive of all MLS etc, or of Villages Realty VLS and we just passed the 700 homes and that’s just Zillow listings….WOW

Inventory just a week ago was up almost 12% on the MLS over a one month period. We are definitely in uncharted waters as far as homes for sale here! Homes are for sale everywhere.

I would nit consider around 2% an unhealthy number of homes for sale in this area. 2% to 4% in our age demographic die each year. Another 1.4% move into assisted living and nearly 70% will require similar life changes when they get into their 80s.

Bodrum 02-09-2025 09:36 AM

Bill T
 
We live on a small lake with nothing behind four two hundred yards (a wall). When we bought the paid $35000 below estimated value. No change in value. I am happy.

CarlR33 02-09-2025 09:48 AM

1 Attachment(s)
Yea, but they are averaging 500 home sales a month according to their marked update I just got in the mail? You could probably subscribe to this or get one from their office so you don’t have to work for the numbers.

Normal 02-09-2025 10:16 AM

It’s a 6 to 9 month supply
 
Quote:

Originally Posted by Indydealmaker (Post 2408150)
I would nit consider around 2% an unhealthy number of homes for sale in this area. 2% to 4% in our age demographic die each year. Another 1.4% move into assisted living and nearly 70% will require similar life changes when they get into their 80s.

It’s a 6 to 9 month supply right now. More homes have listed than sold every month since early last year. It’s a buyers market…

The Villages, Florida Housing Market Report January 2025 - Rocket Homes


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