[CarlR33]

Originally Posted by Normal

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

I think a buyers market only applies to a home that has had less than neutral updates (odd color paints throughout the home for example) and not your million or near million dollar home with tasteful updates. See my picture of DOM? What does your statement mean for 6-9 month supply? It’s pretty much the same in any market with more homes listed than sold? I am not sure I would trust Rocket Homes as knowing what the Villages market is as the VLS may skew those numbers and why I posted the picture of the VLS.

[TheSerg]

Originally Posted by Normal

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.

Definitely a buyers market!

[blibecap]

how can i get this in ohio?

[Markus]

Originally Posted by justjim

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.

MLS sales were up 11% in 2024 and VLS was up 3%. 4th quarter new builds had a record quarter. The homes sitting on the market are older homes that need work or people that have a fantasy on what they think their home is worth. A good home priced right will sell.

[SHIBUMI]

The homes that sold for millions were not in high end areas. High end areas don't always have the best locations. Ex. Enclave

Originally Posted by Aces4

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?

[J1ceasar]

It generally only matters if you sold your house or bought your house in the last year or two and you have a sudden need to leave meaning death or divorce .

The villages homes or at least 200% more costly based on square footage and other things you communities. But you do get what you pay for as far as amenities. Personally things go up and down and I won't really don't worry about it because if you're going to worry about losing $30,000 on a house when you still have 500,000 in the bank then you're foolish in my opinion

Originally Posted by Jayhawk

So you're saying 1,500 homes (3%) is a 3-year supply? In what world are there only 500 re-sales per year (42 per month) in The Villages?

[J1ceasar]

Square footage is definitely way too high price wise compared to all the other Senior communities.

Home is in other communities are under $300,000 compared to villages at 600,000 for less per square footage

Originally Posted by Normal

No, it means the prices are falling, and THEY ARE INDEED FALLING!

Average days on market is almost 70 days. Prices are being cut by sellers which in part has caused the revaluation of the market. Every month for the last eight months there have been more homes entering the MLS than those that have been sold. So yes, the market is saturated and yes, prices are being cut by about 6% from OAP. The sky isn’t falling unless you have to sell and you bought your house in 2022 or later and are selling. This crash was forecast way back in the fall of 23!

Square foot averages have dropped from last year by quite a bit.

[Starpilot]

I hope this returns the amenities that the builder once put in starting with fans, blinds, washer and dryers etc. And as important, I hope this moves the builder to be as flexible as they once were with design and size modifications.

They are moving to a pure track home product and it's not for my taste or desire and I while it may make the builder some more money short term, I don't think it is a sustaining business model consistent with our community.

[asianthree]

Originally Posted by Starpilot

I hope this returns the amenities that the builder once put in starting with fans, blinds, washer and dryers etc. And as important, I hope this moves the builder to be as flexible as they once were with design and size modifications.

They are moving to a pure track home product and it's not for my taste or desire and I while it may make the builder some more money short term, I don't think it is a sustaining business model consistent with our community.

So here is a little history of personal experience, looking at hundreds of homes. You do realize if the builder adds anything into the purchase price, they can be bought aftermarket for half, not paying mortgage interest for 30 years.

2007 the homes we looked at didn’t have blinds, washer/dryer.

2010 new build we purchased: no blinds, or fans, super cheap W/D died in 2 years.

2012 new build we purchased: no blinds, fans, washer/dryer, no garage door opener

2014 no fans, no washer/dryer

2022 new build: fans, blinds, W/D, in the house, BUT would have been 63% cheaper to purchase aftermarket, with better quality

[BrianL99]

Originally Posted by Starpilot;2408253

They are moving to a pure track home product and it's not for my taste or desire and I while it may make the builder some more money short term, [B

I don't think it is a sustaining business model consistent with our community[/B].

The Developer has been fairly successful & astute at identifying his target market through the years, don't you think?

[Byte1]

If you check the price the home has sold for, versus the price it was listed at, you will see how much it has become a "buyer's market." My neighbor has had his designer home (with many improvements/upgrades) on the market for going on six months and has had NO/NO offers. He has dropped the price three times since he put it on the market and it is now priced $50K less than the same homes went for just 8-9 months ago. If you check the final sale price of homes listed in the Villages and compare them to the listed price, you will see the actual price reduction. Even though equity and inflation has brought prices up on homes, today's prices are generally lower than they were early last year. It IS a buyer's market today. What it will be tomorrow is a different matter. Maybe the interest rate will go down again and give homes sales a boost?

[JMintzer]

There always seems to be "that guy" who's goal in life is to trash the real estate market in The Villages... It's freakin' ponderous...

[DrMack]

I hate to break it to you Normal, but the inventory for pre owned homes is much higher than Zillow’s 700 for sale. I looked at the site. If you look at their map, none of the homes in The Villages proper in Lake County are even listed on their site. It may be a glitch in their system. I can assure you many here in Dabney are for sale yet they don’t show up on the Zillow search. I will agree though that the high inventory is a problem for us all.

[kansasr]

Originally Posted by DrMack

I hate to break it to you Normal, but the inventory for pre owned homes is much higher than Zillow’s 700 for sale. I looked at the site. If you look at their map, none of the homes in The Villages proper in Lake County are even listed on their site. It may be a glitch in their system. I can assure you many here in Dabney are for sale yet they don’t show up on the Zillow search. I will agree though that the high inventory is a problem for us all.

I certainly had no trouble seeing listings in the Leesburg section on Zillow

[DrMack]

I tried again, what did you do for a search? I just used google and typed Zillow the Villages Florida. It showed many homes but doesn’t include anything East of the Sumter county line. There is a blue line for the cutoff. It cuts off right at the dog park Homestead recreation center on Meggison. I have to disregard the search with the links to view the homes in our neighborhood.