Are the number of listings in The Villages, Florida a problem?
ฝัง
- เผยแพร่เมื่อ 9 ก.พ. 2025
- A Realtor living in The Villages, Florida shares his thoughts on The Villages, Florida real estate market.
The number of listings is increasing, are prices falling?
www.DavidisinFlorida.com
David is a Realtor with Florida Realty Investments.
February 3, 2025
Link to the show about the new Realtor regulations:
• NAR Settlement Shocker...
If you have any questions about real estate in the Villages, moving here, or life here, please reach out to me.
www.DavidisinFlorida.com
DavidisinFlorida@gmail.com
Visit our website to learn about The Villages real estate, lifestyle, questions, golf, pickleball, and more. www.davidisinflorida.com
Become a Patreon: www.patreon.com/user?u=72617197
All content is copyrighted, republication is prohibited.
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.
Back in 2020 the housing market was slow in The Villages and I asked on several Facebook groups whether I should buy or wait because I was 3 years away from retirement. About 90% of the people told me to wait until they crashed. 100% of those people were wrong. I found a house I liked and bought it. It’s worth about $275,000 more now than when I bought it. If I had waited I would have never been ever to afford the home I have now. Don’t pay any attention to the social media “experts”
We just received our glossy, mail-out VLS real estate market update for 2024 (YTD) and Q4. Similar to MLS you report. Overall DOM to pre-owned VLS was 51 (YTD) increasing to 57 for Q4. The VLS shows new home totals for both closed and pending for 2024 (YTD) as 6,355, but it's not clear how many homes were actually completed in 2024......must be >5,000. They have breakdowns for various sections of TV, but the trend for DOM looks to be increasing by 20% on Q4 vs all of 2024. Even the new construction in Eastport has increased DOM to = 36 in Q4 vs, 22 days of all of 2024. VLS does not list the active listings, price reductions, etc. However, in my village (Richmond) the VLS listings are moving much more slowly recently and the prices down. I guess it's the combined effect of hurricanes, higher interest rates, high home insurance, and difficulty moving properties in the southern areas of TV where amenities are rather minimal. I'd be interested in your take on the VLS data. Did you ever consider becoming an agent with the VLS?
David, love the pacing of the video - a ton of information very quickly delivered and easy to digest. Especially love the new revamped graphs for 2025, thank you so much!
My strategy: wait a bit longer, prices will have to come down, slowly first, and then much faster. Then the excess inventory will shrink, at least by one, because I will buy then, at lower prices. To clarify, I am retiring in 2 years, so I am not in a rush to buy. THNAK YOU very much for the weekly updates. I find them very interesting and always watch them. Thanks
Inflation is killing people who can no longer afford the second home dream. Increased costs for everything for both primary and second homes and everything else in life. I'm guessing if there are over 600 MLS listings there are at least that many in VLS. Both will continue to increase and fewer will be sold. The dream is becoming a nightmare
Hello!
I agree that VLS listings probably equal or exceed MLS listings. Prices have risen substantially in The Villages in recent years, it seems reasonable that there would be a retracement.
There are 70,000 households in the villages. Assume 1,500 listings and your around 2% that are on the market.
Still no opinion for why all the inventory?
Hello!
The simple answer is that buyers are not willing to transact at current prices.
Has the number of houses up for sale increased over the past 3-4 years due to all the new homes being built? It seems that The Villages keep adding new homes to the list ever day or every few days (on the app).
Hello!
The Villages continues to build new homes, but the rise in inventory (up 500%-600%) over the last 3 years is far greater than could be explained by this.
prices are going to crash sad were are the swingers going to go look for the black looffeuers .......
the urologists are going out of business sad no more std to treat
Old Farts driving them to the ground plus previous hush problems that are not discussed about the area.
What are the hush problems?
There are none. Except in some peoples dreams