Villages still a top-selling master-planned community but

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  #1  
Old 01-13-2021, 08:03 AM
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Default Villages still a top-selling master-planned community but

While still the number one top seller, the number two, Lakewood Ranch is coming on strong. More information is found here -> The Top-Selling Master-Planned Communities of 2020 | RCLCO Real Estate Advisors

Sales data for The Villages over the past years

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 2,429 307,000
2020 2,452
  #2  
Old 01-13-2021, 08:20 AM
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The summary tells the tale, you're not comparing apples with apples as TV is not a multigenerational community like Lakewood Ranch. If you were to compare TV to other retirement communities there are none even close. Selling seems to be pretty consistent over the last few years averaging between 6 and 7 new homes every day 365 days per year. Keep in mind too that there are a heck of a lot more re-sales now then there were in 2004 when new homes sold were at their peak, a lot of those who came here 20 years ago are now gone and their homes are being purchased by new retirees which may account for the lower numbers compared to the early 2000's. Another comparison I would like to see is how many re-sales were there in 2004 compared to 2020.
  #3  
Old 01-13-2021, 10:47 AM
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As the Village areas south of the Florida Turnpike will include multigenerational communities, I will assume that the sales of those new homes will be included in the figures for The Top-Selling Master-Planned Communities.

As the number of homes in the Villages increase, the number of resales should also increase which might also impact the sales of new homes.
  #4  
Old 01-13-2021, 01:45 PM
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My good buddy lives at Lakewood Ranch and used to live in The Villages.
He says it's really nice there, but a bit different than here.
Each area (re: village) there has a different builder. Plus it's directly adjacent to Sarasota, so it's got more of a metro area feel.
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  #5  
Old 01-13-2021, 03:34 PM
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Quote:
Originally Posted by twoplanekid View Post
As the Village areas south of the Florida Turnpike will include multigenerational communities, I will assume that the sales of those new homes will be included in the figures for The Top-Selling Master-Planned Communities.

As the number of homes in the Villages increase, the number of resales should also increase which might also impact the sales of new homes.

It certainly hasn't so far.
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  #6  
Old 01-13-2021, 03:42 PM
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Quote:
Originally Posted by twoplanekid View Post
As the Village areas south of the Florida Turnpike will include multigenerational communities, I will assume that the sales of those new homes will be included in the figures for The Top-Selling Master-Planned Communities.

As the number of homes in the Villages increase, the number of resales should also increase which might also impact the sales of new homes.
Quote:
Originally Posted by graciegirl View Post
It certainly hasn't so far.
What "it" hasn't which, so far?

The number of homes didn't increase? The number of resales hasn't increased? The sales of new homes haven't been impacted? And, how do you know that the sales haven't been impacted?

Do you have information that would conclude that the developer didn't take resales into consideration when they laid out their plans for the current batch of new homes? Or are you suggesting that the number of resales hasn't increased?

I haven't done any checking, but if you're going to make a statement like that, you need to back that up. Without posting a search engine result list, can you link us to a SPECIFIC website that has the data, or scan a copy of written data and upload it as a jpg with the source of the data on the page?

From what I can tell, resales have increased over the years, according to the number of listings on Zillow and the Homefinder, compared to 5 years ago. And from what I can tell, the speed at which new homes are being built, are much slower than they were in 2005, but faster than they were 5 years ago.

Where are you getting your data to come to your conclusions?
  #7  
Old 01-13-2021, 08:48 PM
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The new builds we looked at in Lakewood Ranch were a notch better in quality and pretty much priced the same as TV. The amenities were basically one pool per builder's area. This was pre covid so things might have changed.
  #8  
Old 01-14-2021, 06:38 AM
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Quote:
Originally Posted by twoplanekid View Post
While still the number one top seller, the number two, Lakewood Ranch is coming on strong. More information is found here -> The Top-Selling Master-Planned Communities of 2020 | RCLCO Real Estate Advisors

Sales data for The Villages over the past years

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 2,429 307,000
2020 2,452
Selling 2,000 homes in a year is great BUT..... The Villages sells between 300 and 400 a month. So basically there is no comparison.
  #9  
Old 01-14-2021, 07:28 AM
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Old Rednecks need somewhere to live
  #10  
Old 01-14-2021, 07:45 AM
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Quote:
Originally Posted by DrBrutyle109 View Post
Selling 2,000 homes in a year is great BUT..... The Villages sells between 300 and 400 a month. So basically there is no comparison.
Well, at one point in time they did reach those monthly figures. However, for the last several years they are selling around 200 homes or less per month. Please understand that I love the Villages and do not plan "to move" until placed in the ground. I am amazed at and for this community yet want to have the correct facts presented. I understand that many can look at the "facts" and come up with an entirely different understanding of the situation. So, let's have fun and enjoy the conversations.
  #11  
Old 01-14-2021, 07:50 AM
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A bit off topic, but what happens if a 30 or 40 something inherits a home in TV? Can they live in it?
  #12  
Old 01-14-2021, 08:06 AM
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Quote:
Originally Posted by virtualcynthia View Post
A bit off topic, but what happens if a 30 or 40 something inherits a home in TV? Can they live in it?
It is my understanding that no one under the age of 19 can be a resident of The Villages. Anyone 19 or over can live in The Villages, so someone in the 30's or 40's could inherit a home in The Villages and live there if they choose to, just their under age 19 kiddos (if they have any) could not live in the home.
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  #13  
Old 01-14-2021, 08:27 AM
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Lakewood is tiny compared to The Villages ... and they have only two golf courses. They sold a lot of houses last year and so they are up there. See how it grows over the next few years.
  #14  
Old 01-14-2021, 08:35 AM
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Quote:
Originally Posted by DrBrutyle109 View Post
Selling 2,000 homes in a year is great BUT..... The Villages sells between 300 and 400 a month. So basically there is no comparison.
That's actually down from the over 600 a month that they were selling when I moved here in 2012.
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  #15  
Old 01-14-2021, 08:41 AM
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Quote:
Originally Posted by rlcooper70 View Post
Lakewood is tiny compared to The Villages ... and they have only two golf courses. They sold a lot of houses last year and so they are up there. See how it grows over the next few years.
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Thanks to TPKs post and mention of Lakewood, I went into their site. Must say the LOCATION appears to be great - close to coast/beaches/shopping/TB/Sarasota etc. Truly IMO much better than TV. And the weather would be nicer - less winter cold, breezes from the Gulf in summer (of course storm issues too.). I do like the very different areas of LW- home styles thruout. That said - it stops there. TV has SO much more offer in so many ways, and no doubt more affordable - and our age-restricted living (for us) is wonderful. Looking back - if, when I retired and moved to FL when I was 55 - LW would have been very appealing and perhaps won out over TV area. But not looking back unless Doc comes around with his DeLorean.
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