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The Villages Real Estate Market

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A Realtor living in The Villages, Florida analyzes The Villages, Florida Real Estate Market.
David is a Realtor with Florida Realty Investments.
May 27, 2024
Link to the show about the NAR settlement:
• NAR Settlement Shocker...
If you have any questions about real estate in the Villages, moving here, or life here, please reach out to me.
DavidisinFlorida@gmail.com
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All content and information is for informational and educational purposes only, does not constitute professional advice of any kind, and does not establish any kind of professional-client relationship. A professional-client relationship with you is only formed after we have expressly entered into a written agreement with you to work with you in a specific matter. Although we strive to provide accurate general information, you should not rely solely on this information. Always consult a professional in the area for your particular needs and circumstances prior to making any professional, legal, financial, or tax-related decisions.

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5 сен 2024

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Комментарии : 12

@steveg6978 3 месяца назад

Maximize returns ?...the bottom is falling out

@katec4096 3 месяца назад

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.

@michaelsd284 3 месяца назад

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.

@katec4096 3 месяца назад

@@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.

@michaelsd284 3 месяца назад

@@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.

@katec4096 3 месяца назад

@@michaelsd284 Thank you very,very much for your information.

@davidisinflorida 3 месяца назад

Hello Kate and Michael! It was 2867 Suber St. Prior sale in 2018 $537,134. Listed 4/16 $995, reduced 4/22 $950, pending 5/10, closed 5/23 $917