David is an active real estate agent living in The Villages, Florida. David is a Realtor with Florida Realty Investments. This channel describes the experiences of a recent Florida transplant. David has a keen interest in golf and other activities athletic and otherwise to be found in central Florida. If you contact me at DavidisinFlorida@gmail.com and let me know what price or geographical area you are interested in, I will keep you updated on properties that would interest you
You forgot location (lot location and size) and improvements in used homes. You need to live here to get the idea/feel. Truly, this pkace is different.
Price per Square Foot is No Indication of Property Location, Property Quality and Property Condition. Renovating in The Villages is Super Expensive as the whole region is Overrun with Unscrupulous Contractors Financially Abusing Senior Citizens 😢
I certainly start at price per square foot. If it's substantially higher the property had better be substantially better. However, in this market I'm reluctant to speculate past price per square foot .I absolutely agree with you about contractors.
Hello Bill! I looked at Altos. It does seem to fill a need, although, as you point out, at the ZIP code level. It seems to not allow a city filter (i.e. The Villages.) My data is geolocated to each property individually, this enables much more exact searching for specific features. We also process the data to analyze and visualize (i.e. $/square foot) more effectively.
Us to your comment about the horror of a slide, please consider that the majority of homeowners today are locked into a very low rate, therefore have absolutely no reason to sell 🤡
David, there is absolutely no distress, when you consider days to sale to 2 years ago, when everything was totally abnormal. Less than 60 days to sell a home is a perfectly healthy market 😁
Hello! I agree that the real estate market in the Villages seems healthy today. I worry that our bubble will not be able to withstand nation-wide market pressures.
Obviously there's plenty of vacancy on the commercial side, so pricing will be reflective of high rates in combination with those vacancies. This is not the case on the residential side, so we can't expect the same type of market 🤑
Hi David, thanks the video. Question for you, do you and how do you account for home that went pending and subsequently fall out of contract? I'm starting to notice more an more homes falling out contract. Wondering if we are seeing cold feet from buyers or if lenders are not accepting the home valuation.
Thanks for your informative videos each week. Based on this data, how many months of inventory is there currently? And what would it have been before the pandemic on average? Thanks
I live in and LOVE The Villages - Fenney since 4 years ago TODAY!! No matter how wonderful it looks on the video or driving thru or even a lifestyle visit. IT’S FAR BETTER LIVING HERE than you can even imagine.
Confused again...one slide says the lowest listing is 145k, while a later slide says the lowest listing is 168k. The total number of listings also differs.
Do you mean Brownwood? I don't think there are "cheaper" areas. Generally the most expensive homes are on golf courses or water or within close proximity to a town center. Those close to town centers also seem to be full of rentals so if you want to live here most or all of the year that may not be desirable. Probably the lowest priced homes are the patio villa series. Those are all over the Villages and probably the most common series in the listings.
Hello Christi! Some areas ARE more desirable than others, but EVERY area will have homes that are priced either too high or too low. Our software can pinpoint these properties quickly. The price/square foot approach does NOT account for factors like view, location, etc. but it seems to us to be the best starting point. More and better information will help buyers find good deals, and help sellers to to determine asking prices.
I have been in The Villages for the last two weeks from California and I am going back home to Cali with a new appreciation for how good I have it there. The Villages is grossly overpriced right now for the experience. Central Florida is not very attractive, I call the Norther Villages The Dirty North the houses are old out dated and dirty and Wildwood and Lady Lake are da Hood! I ate at over 9 Villages resturants and would not want to go back to any of them as they all served low quality US Foods type food with B staff and the plades where very very DIRTY, GROSS. It is clear people pay the big leases to the Morse Family to serve alchohol not good food. The common areas and rec centers and pools are first class and so are many of the people. My conclusion TV's is priced at an historical top and not the time to buy or even rent. Many people are trying to rent and selll into a soft market, prices should be much better by Summer of 25. For me I will go back to Nor Call where I can live a better quality of life cheaper than here in Central Florida.
I have an aunt and uncle in the Villages, and am considering the possibility of living there some day. I have lived in New York and Philadelphia and am spoiled when it comes to restaurants as it seems you are. However, over the last few years, I have saved a lot of money by rarely eating out. I splurge on the finest restaurants I can find on vacation and having truly world class cuisine less often makes it more of a treat. I can see a foodie being disappointed with the Villages, but TV excels at short travel times to golf, pools, activities/classes and as you said, the people. There are other places you could live with similarly short travel times, but it would be hard to duplicate the sheer variety of activities of TV. Some years ago, I think the lack of James Beard award wining level cuisine would have bothered me. These days I don't mind saving the thousands I used to spend on restaurants for vacations. Most people don't "need" or can't afford $100 meals and $20 cocktails every week. If I was retired, I think the vacation budget would be even more important and the local dining budget even less so.
@@marcopignone9386 I am not comparing TV's reasurants to "cuisine" but would be nice if they could be as clean as a street vender anywhere is S.E. Asia.
@@douglasstone3813 Ha... I got it. It is surprising that TV doesn't seem to have any good Orlando area chefs opening a place or two or taking over a couple country clubs on contract.
Very interesting but you are missing a real an important factor in comparing homes. Lot values. Some lots have a value of $20,000 others are $400,000. It greatly changes your Sq foot comparisons.
Wow. That was a big price drop. 995 to 917. Do you think it was overpriced to begin with? Or due to very motivated seller since those homes over 700,00 tend to move much more slower. Especially in this newer market. Thanks.
First, would need the address to see the sales history. From other homes in this prices range you can see most of these home have doubled, yes doubled in the home list price verse the price last sold if sold after 2018. This is due to the artificially inflated prices (i.e. bubble experienced between 2020-2022 where home prices increased by 40% with no tangible improvements. You can easily see this in Zillow if you just look at the sales history of the properties. Of course home are only worth what someone is willing to pay and people are still paying premiums. So to you question if the seller was motivated? To some extend yes, but not to the extend that they were unable to achieve a significantly high price when compared to what the historical home price trend should be.I'd wager without knowing the home, in a normal market the home would have been appropriately priced in the $600k-$700k range, so yes this home is still significantly over priced. Most of the home listing in this price range where in the $400-$500k in 2020.
@@michaelsd284 Thank you. I will be looking in the fall. But will buy only if I think the price has not been overly inflated. I was thinking it is best to buy in a great location but a simple place that I can fix up. That way the taxes, insurance will be lower than if I buy an improved place with a much higher price. Am I reasoning correctly or it will not matter because the taxes, insurance will go up anyway if I upgrade it? Not talking about adding a pool. I was thinking about enclosing the lanai, adding a mini split, out door kitchen, birdcage, enhanced landscaping, plantation shutters etc.
@@katec4096 I do not believe those improvements would increase the home appraisal significantly. Be sure to get your homestead exemption and any other exemptions if you qualify so that you get discounts on taxes.
I am currently looking. OMO but I don’t believe these realtors know how to price homes in a deflationary market. The homes are still over priced, not relative to the trend of a declining real estate market in terms of price with rising inventory. Two weeks ago the going rate was about $250 SF, now I am seeing $225 SF as common listings prices. Seems the lower priced the home is, the more per SF the home is listed. Again, just an opinion from what I’ve seen so far.
Are the AirBnb Vrbo type of investors leaving since rates keep them from making money? Has home insurance costs jumped like on the coasts? Thanks David.
