[jeffc1965]

My apologies to some of you (Randall55 and others). I did not intend to start a flame throwing contest. I just asked a question of long-time residents about how the developer handles a slowing market. Nobody can deny that the market has slowed. I have watched this market every day since February 2022, most days logging onto the VLS site multiple times per day. When I first started looking for our desired type of home (3/4 beds and 3 baths), there were maybe 15-20 on the market total (new and existing). By the summer of 2022 and into the fall, there would be 40-50. During most of 2023, there was 75-85, but now there are 100 or more. When we first started looking, we also were scouting lots. We were looking in Richmond and Deluna. We thought we wanted more privacy, so I combed the Lake County parcels website to find the nicer lots with views in Newel, Lake Denham, and Dabney months before the developer released the lots. Like was noted, the view lots were flying off of the market in Richmond, Deluna, and Newell within a day but by the time Lake Denham and Dabney opened, very few lots were very competitive. I know because we reserved a nice large view lot in Lake Denham on the release date and the developer never sent the wiring instructions until the following week, unheard of beforehand. We ultimately let the lot go and it lingered for another few days. As others have noted, there are many remaining designer/premiere home lots in the Enclave and Moultrie Creek. Maybe the villas are still selling at the same pace, I haven't followed that part of the market, so a few pictures may/may not be representative of the entire market. I don't disagree with people's thoughts on why the market is slowing, I just asked how the developer might adjust the pace of development or whether there is a noticeable reduction in maintenance of the
common areas/facilities when profits aren't flowing. With the developer significantly restricting options/modifications to the designer homes, I can definitely understand a market for renovations to new homes.

Again, my apologies if I have offended anyone.

[asianthree]

Originally Posted by jeffc1965

My apologies to some of you (Randall55 and others). I did not intend to start a flame throwing contest. I just asked a question of long-time residents about how the developer handles a slowing market. Nobody can deny that the market has slowed. I have watched this market every day since February 2022, most days logging onto the VLS site multiple times per day. When I first started looking for our desired type of home (3/4 beds and 3 baths), there were maybe 15-20 on the market total (new and existing). By the summer of 2022 and into the fall, there would be 40-50. During most of 2023, there was 75-85, but now there are 100 or more. When we first started looking, we also were scouting lots. We were looking in Richmond and Deluna. We thought we wanted more privacy, so I combed the Lake County parcels website to find the nicer lots with views in Newel, Lake Denham, and Dabney months before the developer released the lots. Like was noted, the view lots were flying off of the market in Richmond, Deluna, and Newell within a day but by the time Lake Denham and Dabney opened, very few lots were very competitive. I know because we reserved a nice large view lot in Lake Denham on the release date and the developer never sent the wiring instructions until the following week, unheard of beforehand. We ultimately let the lot go and it lingered for another few days. As others have noted, there are many remaining designer/premiere home lots in the Enclave and Moultrie Creek. Maybe the villas are still selling at the same pace, I haven't followed that part of the market, so a few pictures may/may not be representative of the entire market. I don't disagree with people's thoughts on why the market is slowing, I just asked how the developer might adjust the pace of development or whether there is a noticeable reduction in maintenance of the
common areas/facilities when profits aren't flowing. With the developer significantly restricting options/modifications to the designer homes, I can definitely understand a market for renovations to new homes.

Again, my apologies if I have offended anyone.

Since you weren’t the OP, and entered into the thread asking a question, answers will be all over the map. You will find strong North/ South discussions. Best is nobody has the same idea of what or where one should live..
Except for you. Those who give opinions on somewhere they have never lived is just that an opinion without actual experience.

Many question the amount of those buying from Florida, in reality, people move here then will move again, or move multiple times. Our first house we were out of state name on the list. The next 3 we were from Florida.

The developer had record breaking sales in “07” then in “08” sales slowed. It’s not uncommon, and let’s face it, the developer and their heirs, have been at this since the 70’s.

Property is bought years in advance, as are the plans for villages we won’t know will exist for many years. So come down visit, and see what is the best fit. There are many retirement communities, but take grumbling with a grain of salt. After all they still live here. Rarely will you find someone who absolutely hates living in TV. Usually reason for those who move away from TV is family, or death of a spouse

[margaretmattson]

Originally Posted by jeffc1965

My apologies to some of you (Randall55 and others). I did not intend to start a flame throwing contest. I just asked a question of long-time residents about how the developer handles a slowing market. Nobody can deny that the market has slowed. I have watched this market every day since February 2022, most days logging onto the VLS site multiple times per day. When I first started looking for our desired type of home (3/4 beds and 3 baths), there were maybe 15-20 on the market total (new and existing). By the summer of 2022 and into the fall, there would be 40-50. During most of 2023, there was 75-85, but now there are 100 or more. When we first started looking, we also were scouting lots. We were looking in Richmond and Deluna. We thought we wanted more privacy, so I combed the Lake County parcels website to find the nicer lots with views in Newel, Lake Denham, and Dabney months before the developer released the lots. Like was noted, the view lots were flying off of the market in Richmond, Deluna, and Newell within a day but by the time Lake Denham and Dabney opened, very few lots were very competitive. I know because we reserved a nice large view lot in Lake Denham on the release date and the developer never sent the wiring instructions until the following week, unheard of beforehand. We ultimately let the lot go and it lingered for another few days. As others have noted, there are many remaining designer/premiere home lots in the Enclave and Moultrie Creek. Maybe the villas are still selling at the same pace, I haven't followed that part of the market, so a few pictures may/may not be representative of the entire market. I don't disagree with people's thoughts on why the market is slowing, I just asked how the developer might adjust the pace of development or whether there is a noticeable reduction in maintenance of the
common areas/facilities when profits aren't flowing. With the developer significantly restricting options/modifications to the designer homes, I can definitely understand a market for renovations to new homes.

Again, my apologies if I have offended anyone.

I did not see it as a flame throwing contest. As you noted, designer homes and lots are moving slower than usual.

Other posters are stating what they have seen. Information will be conflicting because there are several types of homes: patio villa, ranch, veranda, villa, designer, and premiere. Always best to do YOUR OWN RESEARCH on the type of home you are looking for.

The only incentive I have seen from the developer is a discount on 70+ homes.

[VApeople]

Originally Posted by jeffc1965

I just asked a question of long-time residents about how the developer handles a slowing market.

We came here in May 2016.

Almost all of the spec homes advertised in the Daily Sun had about a 5% discount and they offered a 3% discount on new custom-built homes.

We intended to buy a spec house but we could not find one we liked, so we had a new house built on the lot of our choice.

[Randall55]

Originally Posted by jeffc1965

My apologies to some of you (Randall55 and others). I did not intend to start a flame throwing contest. I just asked a question of long-time residents about how the developer handles a slowing market. Nobody can deny that the market has slowed. I have watched this market every day since February 2022, most days logging onto the VLS site multiple times per day. When I first started looking for our desired type of home (3/4 beds and 3 baths), there were maybe 15-20 on the market total (new and existing). By the summer of 2022 and into the fall, there would be 40-50. During most of 2023, there was 75-85, but now there are 100 or more. When we first started looking, we also were scouting lots. We were looking in Richmond and Deluna. We thought we wanted more privacy, so I combed the Lake County parcels website to find the nicer lots with views in Newel, Lake Denham, and Dabney months before the developer released the lots. Like was noted, the view lots were flying off of the market in Richmond, Deluna, and Newell within a day but by the time Lake Denham and Dabney opened, very few lots were very competitive. I know because we reserved a nice large view lot in Lake Denham on the release date and the developer never sent the wiring instructions until the following week, unheard of beforehand. We ultimately let the lot go and it lingered for another few days. As others have noted, there are many remaining designer/premiere home lots in the Enclave and Moultrie Creek. Maybe the villas are still selling at the same pace, I haven't followed that part of the market, so a few pictures may/may not be representative of the entire market. I don't disagree with people's thoughts on why the market is slowing, I just asked how the developer might adjust the pace of development or whether there is a noticeable reduction in maintenance of the
common areas/facilities when profits aren't flowing. With the developer significantly restricting options/modifications to the designer homes, I can definitely understand a market for renovations to new homes.

Again, my apologies if I have offended anyone.

No need to apologize. People on this forum have different experiences and opinions. I buy homes with an intent to flip in a year or two. I remodel them slightly and am not attached to any of them. Others buy their forever homes and love the area they chose. There will always be conflict.

The developer does not provide much in incentives. Seventy or so home prices have been reduced. I do not believe there will be any other types of reductions.

They are finishing a new model home area near the high school.There are several new styles. Some have already been built in Middleton. Nice! Check them out before you decide.

[jeffc1965]

I am trying to find information on homesites that may be planned for Wellpoint, Edenfield, and Oak Hollow. William Vayens' map is very useful, but I am trying to find lots that could accommodate our preferred home model with pool. Can I assume that homesite plats have been submitted to Sumter County for at least the village of Wellpoint? The plats in Lake County are easily accessible. Is there a similar means of finding plats in Sumter County? I watch the Sumter County Property Appraiser map, but I am not sure how much lag time there might be between the submission of site development plans and when the appraiser map is updated. I would be appreciative if someone could point me in the right direction.

[Altavia]

Sumter County...

Early view of streets, zoom in.

Rent From A Villager Maps

[JoMar]

Originally Posted by Randall55

We did not mind ordering items on-line. Each time we ran out of bread, milk, aspirin or cold medicine, we had to drive 20 to 30 minutes to pick it up.

It is easy to say you do not need a fitness facility. I am 60 yrs old and injured my knee. We had to travel 40 minutes to get to fitness machines that would help my recovery. Doctors? 40 minutes away.

Restaurants? You can count the number on your fingers. Each one serves below average food. Another 40 minute travel time to add to your day.

Let's not forget the plans for a new hospital has been scratched. The choice in the south is one-star rated Leesburg Hospital, outpatient care, and a small emergency facility that was crowded each time we needed it.

So you live here because?

[kansasr]

Originally Posted by jeffc1965

I am trying to find information on homesites that may be planned for Wellpoint, Edenfield, and Oak Hollow. William Vayens' map is very useful, but I am trying to find lots that could accommodate our preferred home model with pool. Can I assume that homesite plats have been submitted to Sumter County for at least the village of Wellpoint? The plats in Lake County are easily accessible. Is there a similar means of finding plats in Sumter County? I watch the Sumter County Property Appraiser map, but I am not sure how much lag time there might be between the submission of site development plans and when the appraiser map is updated. I would be appreciative if someone could point me in the right direction.

So far, no plats have been posted on the Sumter County Property Appraiser's website for the Wellpoint area.... we are starting to see them pop up for Moultrie Creek and Shady Brooke.

[vintageogauge]

Originally Posted by margaretmattson

I am a bit skeptical that the developer will open yet another village for sales. A few weeks ago, when my daughter and I looked at new homes, there were 400+ available homes in Lake Denham and Dabney, 60% of the lots were still available in the Enclave, and over 100+ lots in Moultrie Creek. The sales rep told us there were plans to finish out Richmond, and a few cyv are planned in Hacienda. QUITE A LARGE inventory to unload before opening up another area. The Developer needs to get his sales team to work. They are lagging behind.

I doubt that the developer is as worried as you seem to be, they know what they're doing and they're doing it well. If they can afford to buy a 3400 former ranch and develop millions of square feet of industrial space they aren't going to worry about how many homes or lots they have available. To them it's all on paper and they know that it will soon turn into cash.

[margaretmattson]

Originally Posted by vintageogauge

I doubt that the developer is as worried as you seem to be, they know what they're doing and they're doing it well. If they can afford to buy a 3400 former ranch and develop millions of square feet of industrial space they aren't going to worry about how many homes or lots they have available. To them it's all on paper and they know that it will soon turn into cash.

Funny how some people care more about the developer than themselves. A large inventory of homes that have reduced prices hurts the HOMEOWNERS. In this market, one should be careful. I lose no sleep over what the DEVELOPER OWNS. I take notice of what is being done and how it will affect my pocketbook. Always a good idea to remain informed.

[jlouther]

The Feb 12th Wildwood City Commission meeting lists units 231 and 233. The meeting files associated with these units show lot dimensions. These are not located in WellPoint. I have not seen any WellPoint lots submitted to Wildwood yet.

https://wildwoodfl.portal.civicclerk.com/event/2185/overview

[Marathon Man]

Originally Posted by margaretmattson

Funny how some people care more about the developer than themselves. A large inventory of homes that have reduced prices hurts the HOMEOWNERS. In this market, one should be careful. I lose no sleep over what the DEVELOPER OWNS. I take notice of what is being done and how it will affect my pocketbook. Always a good idea to remain informed.

When you can't make a logical argument, make an insult. See it all the time.

[margaretmattson]

Originally Posted by Marathon Man

When you can't make a logical argument, make an insult. See it all the time.

I was not insulting anyone. My logic is: worry about how price reductions affect YOUR OWN POCKETBOOK. The Developer can and will continue to make money. His money has nothing to do with YOUR financial well being. To me, talking about the Developer's wealth is illogical. It is not likely he is going to share it and he certainly is not going to pay your bills. Fact: home prices are dropping. Talking about the Developer's cash flow isn't going to change that.

1 Looking to buy a home? Now may be a good time. Some new construction homes have been reduced by $30,000-$50,000.

2.Need to sell your home? This may not be a good time. Homes are sitting on the market longer. MLS shows price reductions on homes every day.

See? The Developer and his money has NOTHING to do with your pocketbook.