[Randall55]

Originally Posted by Normal

The Villages latest new look for depreciations.

I went by that area.There are many inventory homes sitting empty. A few were reduced by $20,000-$25,000. Moultrie Creek lots are listed on the Villages site. They will be building and selling 3 villages at the same time. It will be interesting to see how that goes.

[Normal]

Originally Posted by Randall55

I went by that area.There are many inventory homes sitting empty. A few were reduced by $20,000-$25,000. Moultrie Creek lots are listed on the Villages site. They will be building and selling 3 villages at the same time. It will be interesting to see how that goes.

You should be able to bargain down about 9-10% off the original asking price. The bottom is no where near being here yet. Interest rates are going up again because of inflation still being above the desired amount.

About 227 a square foot on specs? 235 is still too high. Construction can average around 174 depending on post construction claims with labor?

[melpetezrinski]

Originally Posted by Normal

You should be able to bargain down about 9-10% off the original asking price. The bottom is no where near being here yet. Interest rates are going up again because of inflation still being above the desired amount.

About 227 a square foot on specs? 235 is still too high. Construction can average around 174 depending on post construction claims with labor?

Maybe you can "bargain down about 9-10%" on a pre-owned home but definitely not on a new build. However, the Developer will discount homes at times, as you are witnessing.

[Pairadocs]

Originally Posted by margaretmattson

The information provided does not tell the entire story. How many in the count were residents who sold their home and bought another in the Villages? How many were sold or bought for investment? How many homes sold below average and where are they located? (I can go on) These are important facts we will never know. A quarterly sales report is not the determiner of a crash or booming market. There are many variables that come into play.

Here is ONE example that all of us should keep in mind. Remember the early 2000s when the market was booming and it looked like there was no end in sight? 2008! Boom! Catastrophic crash! It can happen, folks! Whatever you do, never place all your eggs, hopes, and wishes in one basket. And, never allow one sales report convince you EVERYTHING is great. It is the information not provided that could possibly cause a crash. Call me Mrs Doom and Gloom but this is the reality.

NOT "Mrs. Doom" at all ! Just an astute individual that realizes this is only a piece of propaganda (and most people do not actually know the definition of "propaganda", many often think it is negative, but actually it just seeks to support a view. In world wars, various sides often create communications, written and oral, that "showcase" their philosophy or view. Bottom line, ANY piece of propaganda is NOT the place to look for an accurate picture (factual picture) of anything. Same with "studies", having been involved in a great deal of "research" during my university career, I shudder when I hear or read: "a recent study shows".... I can construct a format for a study to "show" what ever results you desire, and without anything deception or unethical in the eyes of most people. One just sets up the study carefully when selecting the variables to include, the selection of the control group, the standard deviation, the length of the study, etc. etc. When you read: "a recent study showed green beans are better for you than broccoli, don't think I'll change to green beans...LOL... look up the abstract of the "study" IF you can find it, check out all the variables I mentioned and more... same with assessing the true state of the real estate market in any area...

[Altavia]

Originally Posted by Normal

The Villages latest new look for depreciations.

Very "normal" when they want to move homes on less desirable lots...

[Normal]

Originally Posted by Altavia

Very "normal" when they want to move homes on less desirable lots...

Yes, I realize that they have to reduce many new home prices with the large surplus inventory they are stuck with. Most will likely wait till the bottom is more evident in pricing though. I guess that’s why new home sales dropped so hard.

It all boils to the fact that there are numerous choices because of stagnation in movement while there is a climbing in inventory. .The buyer is in the driver’s seat in this crash. Why buy anything, let alone spec homes with a price tag over 2230 a square foot?

[Randall55]

Originally Posted by Altavia

Very "normal" when they want to move homes on less desirable lots...

It doesn't appear to be the lots. Some very nice homes on nice lots have been discounted.