Thanks Steve! Does this mean if you find me a screaming deal that is not listed on MLS, I can get an even better price since there is no Listing Agent?

Great information Steve!! Thank you!

Thanks. If the properties drop to $49,900.00 I may take a look!

Great information Steve!

Steve, I am an admitted bottom dweller investor. Can you get me into the Denaud property for $225 cash? Also, what will that property rent for year round? Another option for me that may work if the Seller wants income would be to put $60k down on a price of $240K and have the Seller carry back a 1st mortgage of $180k at 3% with monthly payments of $$1,500 /month for 12 years. Seller is secure, no rental hassles, and has much higher yield than bank

What a nightmare place to live.

Too many MAGAs

RE: "annoying things" about The Villages (TV): Those Courtyard Villas you spoke of. Yes, people have privacy and a "fenced-in" yard, AND can let their dogs outside anytime they want, but some people LEAVE their dogs outside and those dogs bark/whine for hours on end. And since neighbors are so close, everyone can hear it. So dog-owners tend to prefer those type of homes for that reason -- they have dogs. That's one huge reason I'd NOT want a Courtyard Villa...prefer something w/o a fence so dogs are not (can't be!) left outside "unsupervised." -- BR

They are all old - so it won’t be over populated for long.

Don't move to the Villages,'one good wet season and it will sinkhole into the swamp.

Listings may be rising, along with insurance premiums and tax liens for unpaid assessments of inflated property values. Gotta keep the realtors honest with a comprehensive assessment of market conditions. 💯

30% tp 40% drop in price coming in the next few years.

The Villages rates keep rising and the retirees don't want to go broke paying for amenities...

Good info. Thank you

Prices ran up too far and too quickly resulting in a tsunami of inflated appraisals and impending property tax liens for many homeowners who simply can’t afford the property tax bill sparking a crisis in the sunshine state. 💯

I emailed you pics of my cat enjoying your video!

It sounds like people buy dreams and sell reality in the Villages. I can do that at home.

I just went through these roundabouts and that's not even how they are setup.

Great idea.

The challenge we are facing is the gap between the home worth (homes true value used to determine insurance, taxes, etc) and market price (supply vs demand dictated determined by RE industry) is way out of kilter. Using the price per sqft you will see that prior to the the bubble home worth and market prices gaps where in alignment in the $170- $190/sqft range. Currently we are seeing the pressure to continue to decrease the price/sqft to below $250. Personally I still see this going down by another $20-$30/sqft as we have higher interest rates to deal with and the fact that many of the home on the market have no substantial improvements to justify any increase outside of normal home appreciation. Unfortunately they are also too many games being played with the data. I see a lot of listings, price drops, then unlist, and relist to reset the clock and original price. The longer the Agent allow the sellers to continue to live in a dream world the longer the market correction will take. Even the Villages is playing the game as they keep home prices consistent but drop the lot prices to create the discounts. Additionally we have to see what impact the NAR settlement (still needs court approval), so its going to be a long Summer,

need to speed it up a little.

Steve are the prices really going down or is that the asking prices have gotten too high and the discount from asking price is being increased? It seems to me looking at asking prices they just keep going up without sales support.

Hey Steve! So happy to see that you are doing well!

Thanks Steve! Fellow NH person here. We were down last week and are going to be there next season for the winter! Their numbers seem light on the holes of golf don't they?

Sellers pay 5% for commission in Florida…that’s a lot.

Also take in into consideration some of these people rented their house out for upwards of six thousand dollars a month.

We got a 20k reduction in August of 2022

Looking at the villages website there are a ton of unsold , ready to go homes. Also a lot of discounts from them. Not sure if they usually discount or not.

Housing Markets go up and down, always have, always will.

world war three is: high prices vs hard earned salary

This is happening a lot more now. We are finding that many buyers are able to get homes on average $25,000+ below the listing price and also getting closing costs paid by the seller. One of our buyers got the home for $10k less than asking price, they also got $29,000 in closing costs etc. We are definitely in a shifting market. Living in Florida we get a lot of people moving in and out of the State which makes it shorter time of ownership. Great information and video Steve!!

Greed!

What this tells me is that they did not have the luxury of time to sell the property. This is what is missing from your analysis. There are many reasons why this could be including a death, a serious illness and many other life changing events that require a quick sale. This video misses those major factors in favor of a statistical analysis. Sorry.

The sellers were being unrealistic. They paid $295,000 and were being greedy when they went to sell.

Other realtors think sq foot is 250 and going down. Volatile market right now.

What did they buy it for.

Thanks for the video. I feel for the sellers as they have not quite re-set expectations back to the historical home pricing trends (i.e. they are still in the COVID bubble). Its going to take 6-9month of continued downward pressure for the housing market to resent and then we will be at the mercy of the mortgage rates and their pressure or relief.

So interesting!! Thx for sharing!

It seems like price per square foot in Marion county is typically less than in Sumter. I wonder why those folks are selling so soon after buying at the peak.

very interesting!

You need to make your contact information clickable, like your website and email. We want to buy in Florida.

Very informative video Steve! A lot of helpful data. The next few months will be very telling.

Where iz The Villages, FL ?

This is a great place. Love the food and everyone working there was friendly.

Sub $200.00 is coming this Spring and it will only get worse next year or better depending on your position.

The taxes on all these homes will double.. the current assessment with taxes you cited are HALF of what the seller is currently selling the home for 🤦‍♀️

Very informative.

Hi Steve! It's been bitter cold here in Virginia with low temp's in the single digits or around zero. We usually get a couple of severe cold spells, but most the time the weather is quite pleasant. We had 4 inches of snow up here on Devil's Knob earlier this week. I know when I lived in Palm Beach Gardens real estate taxes were ridiculous and that was almost 30 years ago. I shudder to think of what they are now. My taxes are reasonable as I have a small place and I live in a very rural area of Virginia. I think I told you I live where John Boy Walton (Earl Hamner) grew up. As a matter of fact I did a photo shoot of his home for Blue ridge Life. Anyway, so glad to see that you are happy. Take care my friend.

I fail to see the Value in living in the Villages, as The Homes tend to be small, Pricey, many are frame construction, Tiny Lots, Tons of Rules, CDD fees, and HOA fees.

The Villages are building PREMIER homes again - called the Enclave. It’s in Lake County just north of 470, east of the turnpike. The lots range from $49K to several hundred thousand- then add about another $700K for the home. And to add a pool with a birdcage - $150K. What a pool bathroom- add about $30-35K. Want a 4th car garage- add another $30K