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Five Reasons why there are so many homes on the Market in the Villages

  Рет қаралды 43,795

Gary Abbott

Gary Abbott

Күн бұрын

The Villages is experiencing more homes being listed each week than what are sold. So at the time of this video a lot of homes are on the market which give buyers a lot of choices. Now that doesn’t mean a lot of homes aren’t sold each week. So the video gives five reasons why there are so many homes for sale. Thanks for watching.
I appreciate all of you who have supported my channel using the Super Thanks button. Now I have two ways for you to support my channel, you can purchase me a coffee through this link. - bmc.link/garya... or click on the Super Thanks button.
See you in the Villages! Gary
#55plus #thevillagesbudget #55pluscommunity #lakewoodranch #thevillagesfl
#retirement #retirementplanning #retirementcommunity #thevillages #margaritaville #daytonabeachflorida #movingtoflorida #buyingahomeinflorida #thevillagesflorida #vlog

Пікірлер: 132
@davidwelty9763
@davidwelty9763 Ай бұрын
Do people really wonder why? It’s a retirement community. It has an inherent turnover rate. People don’t live forever. The local Obituary writer is a busy man.
@mike-uw6wt
@mike-uw6wt 11 күн бұрын
Ok captain obvious.
@MrGlenspace
@MrGlenspace 6 күн бұрын
Florida is GOD’s waiting room.
@jbiz5528
@jbiz5528 Күн бұрын
There's people of all ages not just 55+ lol thats just a suggestion.
@4DMRD
@4DMRD Ай бұрын
People are “TRYING” to get out before it hits the fan !!
@debritz1343
@debritz1343 Ай бұрын
I agree! That's why they keep lowering their asking price!
@nf2885
@nf2885 29 күн бұрын
What hits the fan?
@4DMRD
@4DMRD 28 күн бұрын
@@nf2885 “ IT “
@nf2885
@nf2885 28 күн бұрын
@@4DMRD explain
@4DMRD
@4DMRD 28 күн бұрын
@@nf2885 explain what ??
@joefraga7377
@joefraga7377 3 күн бұрын
Great show!!!
@ctrawick3
@ctrawick3 Ай бұрын
This is good. I think you’re right - I think the increased values have a big impact on resales.
@whomarjb
@whomarjb Ай бұрын
Sellers are still swinging for the fence and believe the hype still exists, that's why so many homes are on zillow for over 45 days. Realistic pricing will help
@GaryAbbott
@GaryAbbott 28 күн бұрын
The crazy thing is I think sellers are still getting unbelievable money even after waiting on the market 45 days.
@myk55501
@myk55501 12 күн бұрын
@@GaryAbbott Not the realtors I'm talked to told me that even with interest coming down that might be too late. my bank in Florida loan manager told me they are lowing their loan rates on their own. never heard of that before. not to get political but GOP in Florida is blocking and not helping to fix the problems. God help us if Trump get in. China is moving to dis-USA from agriculture set up shop in Brazil for Beans and corn production. With that and EU basically starting to do end runs around USA. The thing is the Politico's have got to put aside ego's and work as a team or it going to be a wild ride. Governor basically a sleep at the wheel.
@Kaaaaammmm
@Kaaaaammmm 7 күн бұрын
How about that are charging way to much for what you get. 1800 sq ft on a postage stamp size lot and they are asking 400,000 is ridiculous.
@elaineskurski6555
@elaineskurski6555 Ай бұрын
Thanks for passing along some great information
@GaryAbbott
@GaryAbbott Ай бұрын
My pleasure.
@cynthiaamitrano8915
@cynthiaamitrano8915 29 күн бұрын
I hate moving. I’d prefer to get it right the first time. As a young adult I could move and unpack in one day and it wouldn’t even look like I had moved. My husband hated the chaos of moving. He never packed, lifted a box nor unpacked a box. In fact, I did it all. I was very good at it. He simply disappeared. If my cousins were helping, one would say, “listen to Cynthia. She knows what she’s doing”. It’ll be quick”. I did. It was.I haven’t moved for 34 years and am dreading it.
@tamieemmer2795
@tamieemmer2795 Ай бұрын
Hello Gary!! My husband and I are flying in tomorrow to look at homes!! We couldn't get a lifestyle visit so we are staying at The Waterfront Inn................can't wait to look at homes!! Thanks for all the information!
@GaryAbbott
@GaryAbbott Ай бұрын
When we purchased we stayed at the Waterfront as well. It will be great as you are right there next to the town square and dining. Stay cool as it has been unusually hot this summer.
@garyzaccardi7049
@garyzaccardi7049 Ай бұрын
Your GOING TO LOVE IT
@ourfamilyvideos7283
@ourfamilyvideos7283 Ай бұрын
Beautiful area!!!
@VillagesLifefromBrownwoo-sg2nm
@VillagesLifefromBrownwoo-sg2nm Ай бұрын
Sorry about no lifestyle visit availability with the villages. REMAX Premier has a program like the lifestyle visit. Let me know if you decide to do another visit and I can see what Remax Premier has available.
@user-di6kx8ns1y
@user-di6kx8ns1y Ай бұрын
We did our own “life style “ visit twice rented a home with GC. Welcome we bought into TV 3.5 years ago no regrets.
@kmgreenrph
@kmgreenrph Күн бұрын
Good information
@jameskeegan7160
@jameskeegan7160 Ай бұрын
Thank you so much for your videos and the information you put out. I have really enjoyed them. Please keep it up! I have at least 10 more years before I can retire, but I love the information you have been giving us.
@GaryAbbott
@GaryAbbott Ай бұрын
James you have to wait 10 years. I’m sure a lot will change in the Villages in ten years as the number of homes will be twice what they are today. At their current pace that would be over 200,000 homes vs 100,000 that we have now.
@nancyconca9892
@nancyconca9892 21 күн бұрын
Interesting video, Gary - thanks for posting 👏🏻👍
@debrabyrd1306
@debrabyrd1306 14 күн бұрын
Hello Gary great video and a lot of wonderful information, I don't think I will sell my dream home but you never know, please take care.
@GaryAbbott
@GaryAbbott 10 күн бұрын
I think many don’t find their dream home but glad you did.
@GlenironPa
@GlenironPa 9 күн бұрын
After seeing some tours of new home interiors/layouts it's ridiculous at the prices. They are built with off the shelf stuff from lowes/home depot, cheapest cabinets, doors, appliances, cheap flooring. They are making a killlllling on the profit margin of building and selling the house.
@VillagesLifefromBrownwoo-sg2nm
@VillagesLifefromBrownwoo-sg2nm Ай бұрын
The main reason is the new builds are being built so fast that takes away from the resales. People are buying new and that just grows the resale market.
@user-zc9by6bi4v
@user-zc9by6bi4v 4 күн бұрын
thanks for the intelligent video very informative stay safe alk in Michigan
@GIUL7301
@GIUL7301 29 күн бұрын
The overhead to live there is ridiculous. We have no mortgage with my 1780 sq ft new home on 5 acres in a lush firr forest. Tax and insurance,full replacment policy is 2, 230 dollars a year. My highest electric bill is 150 a month. Its my only utility. Well, septic.wood stove. Split system. My vehicle registatuon is 63 dollars a year. We only use our SSI payout now, which we only need 23 % for all house hold expenditures. We don't need our 401 yet. Our emergency fund is way over 40,000. No I don't need to invest it. Our home is worth way way over 500,000. I won't say. I'll save some for my 5 children. It's not what you make. Its the dept you have in retirment spending. This works for us. We dont like people we like the wilderness. I have a shooting range, and can run a chain saw at 4:00AM. FREEDOM!!!!!!!!!!!
@GaryAbbott
@GaryAbbott 28 күн бұрын
Sounds like you have a great home and low expenses in retirement. I think you understand the Villages does bring a lot of pleasure to many who live here which just doesn’t exist outside of the bubble. Thanks for watching.
@daidavies6210
@daidavies6210 18 күн бұрын
Bought 6 Homes for $234,999 3 years ago each, Sold them for $475,960 on average each, And made $300,000 in Rental, Thats $1.7 million profit… Im retiring next December and going to live in Portugal, Where i have bought a Villa for £96,000 euros . Just 800 feet from a fabulous beach, 😊
@edwinrodeo
@edwinrodeo 16 күн бұрын
Sounds like a plan. Wish you all the best.
@Snowboarder16
@Snowboarder16 8 күн бұрын
Grifter 😢😢😢
@dennissvitak5475
@dennissvitak5475 3 күн бұрын
I would think that seniors, like me, with several hundred thousand in equity, could easily sell and almost fully fund a home in The Villages. My current home is almost completely paid for, and I love to golf. What's not to like? Problem is that I am almost 68, and I have a massive library to move. Wouldn't be easy.
@genxx2724
@genxx2724 19 сағат бұрын
Only the highest end houses in the villages have space for a library.
@nf2885
@nf2885 Ай бұрын
Great video!
@GaryAbbott
@GaryAbbott Ай бұрын
Thanks!
@stonecrestquilt
@stonecrestquilt 29 күн бұрын
Thanks Gary! So many things I had not thought about.
@GaryAbbott
@GaryAbbott 29 күн бұрын
Glad you enjoyed it.
@fierceflyer5
@fierceflyer5 18 күн бұрын
Great video and great information as always. I noticed you have some upside down pineapples on your shirt Gary, are you hanging a loofa from your car and cart too? You’re going to start some rumors about TV. 😂😂
@GaryAbbott
@GaryAbbott 18 күн бұрын
That’s funny. I think in my three years in the Villages I have seen one loofa on a car. My video on loofa’s is still one of my top 10 most viewed. Thanks for continuing to watch my videos.
@pauld315
@pauld315 Ай бұрын
We lived there for 3 years and we left n 2020 for a few reasons. No security, no rental restrictions and just the fact that they bought a ton of land right after we closed on our house in 2017. Enough to double the size of The Villages. However, my medical condition has changed and we are now considering moving back because of that. So, we have been looking at new homes in the new area to return since we would also like to be closer to the airport at MCO and TPA for personal reasons. The prices in the new areas keep dropping which makes it easier to pay cash. Pre owned homes do not seem to be dropping as much but they also are not selling as fast as they once did. Once current Villagers looking to sell realize this is not the same market as even last year, they will have to lower their expectations of the amount of money they will get from a pre-owned home and homes will start selling quicker.
@billredding2000
@billredding2000 Ай бұрын
I'd be looking for an older home...one reason is I resent being forced to make a Bond pay't each month as well. So for me that'd probably be from Spanish Springs down to maybe the middle of The Villages where it's 50-50 (?) there's a Bond still due or not. The brand new sections (like in Eastport) are out, mainly due to the (for sure) Bond. I also like the homes "up North" are on slightly larger lots and not so close together, and the streets aren't as narrow. Seems the new areas are putting everything closer together and even making streets narrower. Not good. -- BR
@billredding2000
@billredding2000 Ай бұрын
@@living2day617 Hopefully, as with older homes likely to have their Bonds paid off, it's also possible the vinyl siding of older homes might have been replaced as well. Win-win. And roof shingles. Win-win-win. I hope. If not, I'd have to live long enough to care about those things (not likely)...even though The Plan is to live forever and it's going along nicely -- "So far, so good." Still, I have this persistent, nagging feeling I've overlooked something, miscalculated some small detail perhaps. Hmmm... ;-) -- BR
@johnkom2339
@johnkom2339 Ай бұрын
@@billredding2000 Aren't all baby boomers going to live forever? No, I guess not.
@billredding2000
@billredding2000 Ай бұрын
@@johnkom2339 Well, it IS possible. For one reason, The Rapture could happen first: "Then those of us who are still alive..." But really, who knows? In the meantime I'm doing some very serious (but not urgent!) research looking into what colors are available for my golf-car. Presently, Peridot Green is my favorite (being my birthstone). ;-) -- BR
@barbaraebner5889
@barbaraebner5889 Ай бұрын
@@johnkom2339 1964 is the end year for boomers. My children are in their 40’s and want no part of that lifestyle.
@roxysdad40
@roxysdad40 Ай бұрын
Broken windows near a golf course are definitely a thing; not a deal breaker necessarily but your life is in the hands of a bad golfer’s slice…
@bawillard2578
@bawillard2578 18 күн бұрын
Put in resistant glass. Helps
@stevenbryant9648
@stevenbryant9648 Ай бұрын
Very good article. Thanks.
@GaryAbbott
@GaryAbbott Ай бұрын
Glad you liked it!
@DuffyGabi
@DuffyGabi 4 күн бұрын
Who can afford to give up a 2.75% mortgage for a new 6.75% interest rate. Thankfully we paid off our house in 2012 at the age of 47.
@GaryAbbott
@GaryAbbott 3 күн бұрын
Depends how much you can make as you might not need a new mortgage. I had one person explain how they turned owning multiple homes purchased a few years ago into $1.7 million in profit.
@ralph832
@ralph832 Ай бұрын
I am planning to move to The Villages in early 2025 in Eastport (Veranda Home/ Eaton or Monroe). It seems to me as of today that the new construction homes are selling for less than 2-5 year old homes. What have you noticed from your observations? I only have the MLS and VLS to draw my conclusion.
@GaryAbbott
@GaryAbbott Ай бұрын
My observation is new homes cost more than 2-5 years ago in the Villages and bonds on the homes are higher. But they are much lower than what a home goes for in NJ, NY, or New England. :)
@nf2885
@nf2885 Ай бұрын
@@GaryAbbott you can add PA to that list. Especially Bucks and Montgomery counties. The prices here are ridiculous. I blame the realtors. How high do they think people can go with purchases? It’s become unrealistic.
@Livefreeordi
@Livefreeordi Ай бұрын
I just bought a new home in Dabney 2 months ago. Yes it was cheaper than resale but if you don’t know you will be doing some expensive upgrades. Painting is 3k, closet organizers 3k, landscaping 3k, etc.
@tamieemmer2795
@tamieemmer2795 Ай бұрын
@@Livefreeordi I'm looking at homes in Dabney tomorrow, I love the Charlotte model, but the ones left for sale hwy 470 is right behind the wall, so I'm looking there first to check out the noise factor, then Monday looking a homes in Moultrie Creek and Shady Brook.
@GaryAbbott
@GaryAbbott Ай бұрын
Keep in mind 470 will be widen to 4 lanes in the next couple of years.
@user-di6kx8ns1y
@user-di6kx8ns1y Ай бұрын
IMO, many investors just bought to flip, the flipping has started. Be patient, list what you want in a home , don’t be afraid to buy in the north section.
@stonecrestquilt
@stonecrestquilt 29 күн бұрын
What is it like in the north section?
@user-di6kx8ns1y
@user-di6kx8ns1y 29 күн бұрын
@@stonecrestquilt prices are starting to come down, we like it in the north GC ride to Lowe’s, Walmart, many other big box stores. Also an easy ride to Sumter and Brownwood IMO. Homes up north may be more per sqft but all the upgrades to lawn and drives are done.
@stonecrestquilt
@stonecrestquilt 29 күн бұрын
@@user-di6kx8ns1y and bonds paid also
@ArthurDentZaphodBeeb
@ArthurDentZaphodBeeb 15 күн бұрын
Love your shirt. Who makes it?
@GaryAbbott
@GaryAbbott 10 күн бұрын
The answer for this will have to wait until I get back to the Villages in a couple of weeks.
@curbappeal1010
@curbappeal1010 Ай бұрын
Great video - Thanks! I'm planning on moving there in less than two years. I've heard that the power lines are underneath the ground. If so, why are there big power towers there? Also, do you have access to fiber internet throughout the entire city? I'll be looking more up north by Lake Sumter. Thanks for you all the information you share.
@garyzaccardi7049
@garyzaccardi7049 Ай бұрын
I'm in the north, look into sumter county, cheaper property taxes. Also try and get a home with the bond paid.
@jimroschli9552
@jimroschli9552 Ай бұрын
Distribution lines are underground. Transmission lines are high Voltage and need to be overhead.
@Frank-nh9fe
@Frank-nh9fe 15 күн бұрын
While all valid, many of the reasons given are true at any time. Unique to this market are cashing in on the large near term equity gains. Maybe insurance fears of those new to FL. FL has had a lot of bad press recently.
@GaryAbbott
@GaryAbbott 10 күн бұрын
Frank, did you see one of the comments under this section that he made $1.7 million in three years by purchasing multiple homes, renting then selling them. He definitely got the timing perfect.
@Frank-nh9fe
@Frank-nh9fe 10 күн бұрын
@@GaryAbbott Yes, and another fellow in 2008 did the same thing and went bankrupt…. A dangerous game for an older investor who may not have enough time to ride out a down market. I had a home in DC that was flat for 10 years! Then in the next 10 it shot up 4x. Mostly due to Fed driving interest rates to zero. Next 10 years????
@vmmv1308
@vmmv1308 Ай бұрын
As a follow up video... Why are they not selling fast enough compared to 2020-2022??? I will be waiting for the video.
@GaryAbbott
@GaryAbbott Ай бұрын
I just watched KZfaqr “David is in the Villages” who does the stats from MLS. I went back to his video of May 2022 and it seemed to confirm what I thought. The homes sales per week are not necessarily changed. He had homes going pending each week between 34 to 49 over a four week period. Currently he is reporting about 40 per week which to me means the pace of sales is the same, but the number new listing is out pacing the demand. This is why homes take longer as the sales have flatten over the three years and the number of buyers each week are staying about the same. In 2020 not enough homes were available in the preowned and new homes sales benefited. The Villages quarterly sales report will be out soon. It will be interesting to compare that info.
@guyz7777
@guyz7777 25 күн бұрын
I couldnt afford the HOA fees
@jackryan57
@jackryan57 25 күн бұрын
Aren’t they all just like 170 bucks a month?
@nightengale2123
@nightengale2123 19 күн бұрын
There are no HOA fees, there is a monthly amenity fee most pay $189/month and an annual special maintenance fee baked into your property taxes.
@Csharpflat5
@Csharpflat5 29 күн бұрын
Cost people tapped out
@ruthpaige6689
@ruthpaige6689 16 күн бұрын
I notice that new homes in the newer areas south of 44 are being sold at a discount by The Villages. There were no discounts being given by The Villages when I purchased my new home two years ago. How do you convince a buyer to pay more for a resale?
@athenaskellion6171
@athenaskellion6171 14 күн бұрын
Check out the bonds in the new builds...could be anywhere from $20-60k (or more). Also, if you buy a resale in Sumter County, your tax bill will be approx. 30% less because you aren't paying Wildwood city tax assessment.
@GaryAbbott
@GaryAbbott 10 күн бұрын
I do think there are some deals as some are getting a lot of home with the trade off of where they are in the Villages which is further from any town squares or recreation centers.
@mike-uw6wt
@mike-uw6wt 11 күн бұрын
You forgot about the politics. The villages have a stigma now.
@GaryAbbott
@GaryAbbott 10 күн бұрын
It’s like most other places. One week we had a Trump golf cart parade and the next week we had a Harris parade. Just like the country divided. Just remember to vote who ever you support.
@johnkom2339
@johnkom2339 Ай бұрын
Are the Villages still the penultimate Baby-boomer retirement area?
@GaryAbbott
@GaryAbbott Ай бұрын
Yes it is.
@tazzel2699
@tazzel2699 7 күн бұрын
Not going to make anywhere close to what they think they are going to make on the "flip"
@kenblackburn5055
@kenblackburn5055 10 күн бұрын
You forgot about the person dies, and no one in the family wants to live in the villages, so they sell for the money.
@Snowboarder16
@Snowboarder16 8 күн бұрын
Exactly
@jimjohnston7688
@jimjohnston7688 6 күн бұрын
Perhaps they are moving to Boca Del Vista to be closer to Frank, Estelle, and the Seinfeld.😂
@srlbigs2
@srlbigs2 Ай бұрын
So how many homes ARE on the market in the villages? What is your source of #'s? How does current inventory # compare to 1 yr ago? 5 yrs ago? What does the term "so many" mean? What are you comparing to? All valid real estate market questions. YOU are assuming we know these answers from the beginning? Please backup your assumption at the outset before answering a question. Is there actually so many homes for sale in the villages? We want some facts please. Not just opinions. Thank you.
@GaryAbbott
@GaryAbbott Ай бұрын
Take a look at KZfaqr “David is in Florida” channel who quotes weekly on the real estate MLS numbers. You can then go back to his older videos for comparison. I watch his channel for the numbers and it doesn’t take long riding around in a golf cart to see the large amount of homes on the market compared three years ago. Thanks for watching.
@bobkennelly8000
@bobkennelly8000 Ай бұрын
HI Gary did you say your wife wants to move and if so? where to? and for what reason? thanks Gary!
@GaryAbbott
@GaryAbbott Ай бұрын
We continue to see some fabulous homes in the Villages and everyone can dream. One of the great things about the Villages homes appear to never lose their value here, so swapping or upgrading homes is common. We don’t have a good reason at this point but you never know.
@debritz1343
@debritz1343 Ай бұрын
Yes...still true tha there's no place like home! I am not a fan of The Villages at all!
@GaryAbbott
@GaryAbbott Ай бұрын
Just want to be clear that for me The Villages is home. As I was discussing changing homes in the Villages.
@cynthiaamitrano8915
@cynthiaamitrano8915 29 күн бұрын
One couple in The Villages strikes me as being extremely close and I worry should something happen to one of them. They are still comparatively young so it’s not likely any time soon. I worry more so about him. She’s very sweet, but very strong.
@a.e.7988
@a.e.7988 3 күн бұрын
Too far from an airport 😮
@patriciafitzgerald4771
@patriciafitzgerald4771 11 күн бұрын
The SINK HOLES!!
@GaryAbbott
@GaryAbbott 10 күн бұрын
I know the Villages has over 100,000 homes and I haven’t seen one in three years have a problem since 2021. You bet I will make a video if I see one. Now I’m not counting roadways where it’s a combination of drainage and infrastructure that they seem to be able to repair. I do know it has happen in the past but not enough of a concern to stop sales.
@mikemakuch2824
@mikemakuch2824 22 күн бұрын
Ex. video, very informative and sad at the same time. It is always sad when reality sets in. Getting old is tough.
@GaryAbbott
@GaryAbbott 21 күн бұрын
It sure is
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