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 q1 2024 market update (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/villages-q1-2024-market-update-349449/)

Pairadocs 05-01-2024 12:23 PM

Quote:

Originally Posted by Mleeja (Post 2323461)
I have been waiting for this to be published. It is not full of good news. 48 days on the market average!

Kind of sheds some light on what has puzzled me. Neighbors moves to a small villa due to health issues. Their designer home on a corner lot is very spacious and has been kept very up to date, kitchen additions, new roof, AC, paint, flooring, gutters, etc. I thought the ask price of $459 was really priced to sell for this nicely kept home, but apparently not, After 3 months it was cut more than 50K and now at 5 months is down to $389. There are no hidden problems, sink hole activity, irrigation system has always been maintained, all that, so it looks like the old saying that a home is "worth" ONLY what a buyer will pay and not a penny more. Too many available home ? Too many NEW homes and villages ? Interest to high for those who want or need to finance ? Not sure. Have noticed the same trend in many other Florida planned retirement communities... just normal up and down of market ? ? ?

JMintzer 05-01-2024 12:44 PM

Quote:

Originally Posted by margaretmattson (Post 2326845)
It is getting more obvious that preowned homes are taking a hit. Many will say they were overpriced to begin with, but owners paid TOO MUCH after Covid. Now, they must take a loss. A reminder for all to be careful when purchasing.

Yes, the Covid boom drastically inflated prices. And those selling after only a few years are taking a hit.

But there are plenty of preowned homes (purchased befor said boom) that are realistically priced...

JMintzer 05-01-2024 12:46 PM

Quote:

Originally Posted by Altavia (Post 2326937)
Several friends and neighbors have gotten their list price or more if using a MLS agent.

Selling preowened is a low priority for VLS reps unless it involves also purchasing another VLS property.

Selling what the customer wants should be their main priority. It was with our VLS agent.

Snakster66 05-01-2024 01:49 PM

Quote:

Originally Posted by Pairadocs (Post 2327245)
Kind of sheds some light on what has puzzled me. Neighbors moves to a small villa due to health issues. Their designer home on a corner lot is very spacious and has been kept very up to date, kitchen additions, new roof, AC, paint, flooring, gutters, etc. I thought the ask price of $459 was really priced to sell for this nicely kept home, but apparently not, After 3 months it was cut more than 50K and now at 5 months is down to $389. There are no hidden problems, sink hole activity, irrigation system has always been maintained, all that, so it looks like the old saying that a home is "worth" ONLY what a buyer will pay and not a penny more. Too many available home ? Too many NEW homes and villages ? Interest to high for those who want or need to finance ? Not sure. Have noticed the same trend in many other Florida planned retirement communities... just normal up and down of market ? ? ?

Still on market? I can't find anything that fits that description but would be interested to see it.

The market is correcting from the covid boom highs.

vintageogauge 05-01-2024 04:28 PM

It's very hard to find a comparable home as there is such a wide spread in the value of the lot the home is on. Also, homes that are hard to find sell very quickly unless there is a problem. Example, TV has only 5 pre-owned 4 bedroom Woodside models that are not pending and only 6 pre-owned Ivy models and 4 of them are in the undesirable villages of Pine Hills and Pine Ridge along with one only having a 2 car garage. That's it, in all of The Villages pre-owned listings there are only 11 of those models available that are not pending, the ones in desirable areas on desirable lots sell with in a few days, some times the same day. Corner lots are hard to sell as are kissing lanais or designers without a golf car garage. For every home that takes 90 days to sell there is one that is sold in one day and that's and average of 45 days on the market. When you buy a home, just don't look at the price, look at the desirability when it comes to re-sale.

Randall55 05-02-2024 12:42 AM

Quote:

Originally Posted by vintageogauge (Post 2327303)
It's very hard to find a comparable home as there is such a wide spread in the value of the lot the home is on. Also, homes that are hard to find sell very quickly unless there is a problem. Example, TV has only 5 pre-owned 4 bedroom Woodside models that are not pending and only 6 pre-owned Ivy models and 4 of them are in the undesirable villages of Pine Hills and Pine Ridge along with one only having a 2 car garage. That's it, in all of The Villages pre-owned listings there are only 11 of those models available that are not pending, the ones in desirable areas on desirable lots sell with in a few days, some times the same day. Corner lots are hard to sell as are kissing lanais or designers without a golf car garage. For every home that takes 90 days to sell there is one that is sold in one day and that's and average of 45 days on the market. When you buy a home, just don't look at the price, look at the desirability when it comes to re-sale.

Spot on! If you own a home that is in demand but only a few on the market, you will cash in. Homes with great views are also an easy sale. Not many want a corner lot unless it is fenced in. Homes with pools used to be an easy sale but there are so many now. The design of the pool and lanai area has to be amazing. Like one poster said, cookie cutter homes means competition. A buyer can choose from many on the market or wait until one they desire comes available.

A seller needs to correct anything ODD they did to their home or it will not sell. They also need to carefully look at the pictures a realtor posts of their home. I see some and I shake my head. Large furniture or lots of furniture that makes the home look small, garages packed with stuff, pictures of roofs when they are wet making it appear there is damage, etc..

Snakster66 05-02-2024 05:46 AM

Quote:

Originally Posted by Randall55 (Post 2327336)
Spot on! If you own a home that is in demand but only a few on the market, you will cash in. Homes with great views are also an easy sale. Not many want a corner lot unless it is fenced in. Homes with pools used to be an easy sale but there are so many now. The design of the pool and lanai area has to be amazing. Like one poster said, cookie cutter homes means competition. A buyer can choose from many on the market or wait until one they desire comes available.

A seller needs to correct anything ODD they did to their home or it will not sell. They also need to carefully look at the pictures a realtor posts of their home. I see some and I shake my head. Large furniture or lots of furniture that makes the home look small, garages packed with stuff, pictures of roofs when they are wet making it appear there is damage, etc..

I used to think my parents were pulling my leg when they said people don’t like corner lots, but here’s two posts in a row underscoring that. Personally, I love seeing corner lots. With a little luck, that’s what we will end up with (if we find one with the right house on it).

Your second paragraph is spot on. How many times I see bad pictures is remarkable. I see houses that are priced at a premium and it looks like a 7 year old took the pictures with an iPhone 4. And yes, often times the rooms are very cluttered which doesn’t do the seller any favors. I will also add as free advice to listing agents: if you highlight something in the description, include a picture of it in the pics. Drives me crazy and it should be real estate 101.

vintageogauge 05-02-2024 01:55 PM

Quote:

Originally Posted by Snakster66 (Post 2327355)
I used to think my parents were pulling my leg when they said people don’t like corner lots, but here’s two posts in a row underscoring that. Personally, I love seeing corner lots. With a little luck, that’s what we will end up with (if we find one with the right house on it).

Your second paragraph is spot on. How many times I see bad pictures is remarkable. I see houses that are priced at a premium and it looks like a 7 year old took the pictures with an iPhone 4. And yes, often times the rooms are very cluttered which doesn’t do the seller any favors. I will also add as free advice to listing agents: if you highlight something in the description, include a picture of it in the pics. Drives me crazy and it should be real estate 101.

Corner lots have higher bonds than their neighbors, several times more expensive to maintain the lawn, and they are open invitations for dogs as they all seem to have a stop sign post or light post that the dogs are attracted to and they go on from there. If you live here full time and maintain your own lawn you'll not enjoy the summers.

Aces4 05-02-2024 06:20 PM

Quote:

Originally Posted by vintageogauge (Post 2327578)
Corner lots have higher bonds than their neighbors, several times more expensive to maintain the lawn, and they are open invitations for dogs as they all seem to have a stop sign post or light post that the dogs are attracted to and they go on from there. If you live here full time and maintain your own lawn you'll not enjoy the summers.


Don't forget all the lovely mole crickets that ruin the grass around the street light and are just about impossible to get rid of in your lawn. And then that whole big lot is usually not usable for anything because of right of ways running through it. Never again!

Happydaz 05-02-2024 06:34 PM

Quote:

Originally Posted by vintageogauge (Post 2327578)
Corner lots have higher bonds than their neighbors, several times more expensive to maintain the lawn, and they are open invitations for dogs as they all seem to have a stop sign post or light post that the dogs are attracted to and they go on from there. If you live here full time and maintain your own lawn you'll not enjoy the summers.

Corner lots have beautiful views out of their living room and bedroom windows. Instead of looking out onto the side of your neighbor’s house and AC you have a beautiful view of sunsets, trees and shrubs. Corner lots can help the claustrophobic who may feel squeezed in if they have neighbors on both sides. In addition to having the beautiful views out of the side living area, corner lot homes have the rear views as well at the back from their lanai. Corner lots are great for people who need to have nice views out of all their windows.

Aces4 05-02-2024 06:44 PM

Quote:

Originally Posted by Happydaz (Post 2327633)
Corner lots have beautiful views out of their living room and bedroom windows. Instead of looking out onto the side of your neighbor’s house and AC you have a beautiful view of sunsets, trees and shrubs. Corner lots can help the claustrophobic who may feel squeezed in if they have neighbors on both sides. In addition to having the beautiful views out of the side living area, corner lot homes have the rear views as well at the back from their lanai. Corner lots are great for people who need to have nice views out of all their windows.


And don't forget to add all the traffic you'll see in the view. And if you're lucky enough to have a stop sign there, cart and motorcycle noise.. it's just heavenly. Not!

Happydaz 05-02-2024 07:52 PM

Quote:

Originally Posted by Aces4 (Post 2327636)
And don't forget to add all the traffic you'll see in the view. And if you're lucky enough to have a stop sign there, cart and motorcycle noise.. it's just heavenly. Not!

If you listened to the critics you would hear “Don’t buy a lot on a golf course, don’t buy a home near water and alligators, don’t buy a home where there are a lot of rentals, don’t buy a home near a busy highway, don’t buy a home at the edge of a Village near vacant land.” It is best to buy what you like and enjoy living in the home you choose. There is no one house fits all. We don’t all have to live in homes on interior lots.

Aces4 05-02-2024 08:15 PM

Quote:

Originally Posted by Happydaz (Post 2327650)
If you listened to the critics you would hear “Don’t buy a lot on a golf course, don’t buy a home near water and alligators, don’t buy a home where there are a lot of rentals, don’t buy a home near a busy highway, don’t buy a home at the edge of a Village near vacant land.” It is best to buy what you like and enjoy living in the home you choose. There is no one house fits all. We don’t all have to live in homes on interior lots.

No doubt. However, not to point out the deficiencies of living on a corner lot is deception. There are many, many homes in TV's that aren't on corner lots and have beautiful views. To each, their own.

margaretmattson 05-03-2024 12:05 AM

Quote:

Originally Posted by Happydaz (Post 2327650)
If you listened to the critics you would hear “Don’t buy a lot on a golf course, don’t buy a home near water and alligators, don’t buy a home where there are a lot of rentals, don’t buy a home near a busy highway, don’t buy a home at the edge of a Village near vacant land.” It is best to buy what you like and enjoy living in the home you choose. There is no one house fits all. We don’t all have to live in homes on interior lots.

They are not critics if they own a corner lot property. Not critics if they own a property on a golf course. I lived near rentals and would advise to STAY AWAY. Many have witnessed what can happen if you purchase beside Nonvillage Property. Just posters giving their experience. You have the choice to learn from them or ignore them.

Snakster66 05-03-2024 08:02 AM

Quote:

Originally Posted by Happydaz (Post 2327633)
Corner lots have beautiful views out of their living room and bedroom windows. Instead of looking out onto the side of your neighbor’s house and AC you have a beautiful view of sunsets, trees and shrubs. Corner lots can help the claustrophobic who may feel squeezed in if they have neighbors on both sides. In addition to having the beautiful views out of the side living area, corner lot homes have the rear views as well at the back from their lanai. Corner lots are great for people who need to have nice views out of all their windows.

Ding ding. Spot on. Of the downsides listed by others in recent replies, I don't see any of them as serious issues that offset the space and semi-privacy one gets with a corner lot. I guess it's a matter of what you are used to before you move there. My current neighborhood dogs seemingly love my mailbox. That they would only use street signs going forward is a win. Since I'm not buying new, bonds vary from neighborhood to neighborhood, so what do I care if they vary from one house to another next door? And hey...some don't have bonds at all! It's all relative.

I don't deny that some folks may not like them for a variety of valid reasons (for them). The pluses (as I see them) outweigh any potential drawbacks. That's the beauty of so many varying options at TV. They all don't have to please every person. But every person is pleased by at least one of them. As for me, I think Rick Nelson (I believe he dropped the 'y' at this stage) sang it best: "You see, you can't please everyone, So you got to please yourself"

vintageogauge 05-03-2024 09:33 AM

Quote:

Originally Posted by Happydaz (Post 2327633)
Corner lots have beautiful views out of their living room and bedroom windows. Instead of looking out onto the side of your neighbor’s house and AC you have a beautiful view of sunsets, trees and shrubs. Corner lots can help the claustrophobic who may feel squeezed in if they have neighbors on both sides. In addition to having the beautiful views out of the side living area, corner lot homes have the rear views as well at the back from their lanai. Corner lots are great for people who need to have nice views out of all their windows.

The rear view and lanai are usually facing the side of a neighbor's house. The side view is a street with homes all along it and cars and trucks stopping at the intersection, I really don't see the beauty in that. Also not all homes on corner lots have the living area on the street side, a lot of them face their neighbor and the bedrooms are on the street side.

Happydaz 05-03-2024 10:58 AM

3 Attachment(s)
Quote:

Originally Posted by vintageogauge (Post 2327812)
The rear view and lanai are usually facing the side of a neighbor's house. The side view is a street with homes all along it and cars and trucks stopping at the intersection, I really don't see the beauty in that. Also not all homes on corner lots have the living area on the street side, a lot of them face their neighbor and the bedrooms are on the street side.

I think a corner lot can be beautiful, but then I love plants.

Snakster66 05-03-2024 12:01 PM

Quote:

Originally Posted by Happydaz (Post 2327858)
I think a corner lot can be beautiful, but then I love plants.

Beautiful. My wife may want to consult with you when we finally make it down there. :-)

vintageogauge 05-03-2024 12:28 PM

Quote:

Originally Posted by Happydaz (Post 2327858)
I think a corner lot can be beautiful, but then I love plants.

That's one high maintenance way to hide the 2-street view and stop sign, probably helps with the traffic noise too. I"m not saying that everyone dislikes corner lots what my original reply was is that they do not sell quickly unless there is something special about them like a 4-car garage, water front, or other hard to find feature.

Snakster66 05-03-2024 12:44 PM

Quote:

Originally Posted by vintageogauge (Post 2327885)
That's one high maintenance way to hide the 2-street view and stop sign, probably helps with the traffic noise too. I"m not saying that everyone dislikes corner lots what my original reply was is that they do not sell quickly unless there is something special about them like a 4-car garage, water front, or other hard to find feature.

Fair enough, and all the better for those of us who do like corner lots.

I think the upshot is that the corner lot gives you the space (usually) to create those optically pleasing landscape features.

Randall55 05-03-2024 01:46 PM

Quote:

Originally Posted by Happydaz (Post 2327858)
I think a corner lot can be beautiful, but then I love plants.

Is that a home in the Villages? Looks beautiful! Most corner lots are not landscaped that well.

Happydaz 05-03-2024 02:05 PM

Quote:

Originally Posted by Randall55 (Post 2327895)
Is that a home in the Villages? Looks beautiful! Most corner lots are not landscaped that well.

Yes it is the Villages. There are many homes throughout the Villages that have landscaping that is beautiful and artistic. I can think of many of the homes on Conservation Trail, Osceola Hills, and many in Designer neighborhoods, etc.. A Premier home lot or a Designer on a corner lot (or other types of house models and villas on corner lots) gives a landscaper the room to develop a beautiful and private garden setting.

Aces4 05-03-2024 03:17 PM

Quote:

Originally Posted by Happydaz (Post 2327902)
Yes it is the Villages. There are many homes throughout the Villages that have landscaping that is beautiful and artistic. I can think of many of the homes on Conservation Trail, Osceola Hills, and many in Designer neighborhoods, etc.. A Premier home lot or a Designer on a corner lot (or other homes and villas on corner lots) gives a landscaper the room to develop a beautiful and private garden setting.

That's an excellent project for someone who has no other interests than to maintain large jungles on their front yard. Think about the heat, bugs, varmints, snakes and your back before signing on for that project. If you're flush with money, hire a gardener, lol.


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