This is not advertising rather an observation. I get a lot of calls from folks out of the area and one of the most asked questions is how in the market. They tell me what they are reading on other Facebook Groups and Pages and ask my opinion.
Understand there is record high inventory – Yes inventories are high currently but for a city of 157,000 people what is the average percentage of homes on the market? The average resident age here is 73.4 which means more turnover of homes. There is apprehension in the market due to interest rates, the direction of economy, inflation and other factors folks are concerned about.
Are prices going down – Not across the board, let me explain. If you have a wish list and includes cul-de-sac or nobody behind you, block stucco 3/2 with a golf cart garage, completely update with white cabinets, no, prices are not falling! If you are looking at 1,400 sf and not many requirements, yes there are many options available.
Are we selling homes – Yes, as of today our team has six homes pending and closing between now and end of March. But of the six homes four are cash sales the other two have opted for 2-1 interest rate buy down which I will explain tomorrow.
The sky is not falling, we are not over saturated, we are in cycle which historically leads to a different cycle. If you ask most Villagers if they have a regret it is not moving here sooner. Don’t let your retirement years slip you by waiting for an interest drop or other factors to change!
Dick Betts, REALTOR®
The Betts Team
LPT Realty
The Villages, Florida
717-860-3107 cell
Dick@DickBetts.com
#realestate #realtor #thevillagesflorida #homesincentralfl #thebettsteam #dickbettsrealtor #dickbetts #thevillages
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