It’s been a while since we took a close look at home prices in The Villages, so lets see what they’ve been up to the first half of 2010.
Currently the average listing price is $212,826, which is down slightly from $215,338 when we last checked in November. The median sales price sits at $196,730 which is up from November’s median sales price of $195,000 and up 3.5% ($6,730) year over year.
Everyone has been looking for the bottom of the real estate market. It seems like we’re there, even if we are still skipping along the bottom. It will be interesting to see what the rest of the year has in store for home prices and sales activity in The Villages, especially with the threat of a double-dip recession on everybody’s minds.
Prices and sales in The Villages are really driven by the health of the real estate markets up north and around the country where future Villagers are moving in from.
One thing to note is that The Villages is not completely immune to the foreclosure crisis in Florida. There are currently just over 31 homes in the foreclosure or pre-foreclosure stage in The Villages listed on Trulia.com. When compared to the overall number of homes in The Villages, this is an extremely low percentage. Certainly much lower than the average number of foreclosures in other parts of Florida. This stat speaks to the overall financial health of The Villages and its residents which both seem to be on solid footing.
We may dive into the foreclosure stats a little bit more and if we find anything interesting will do a future post just on foreclosures in The Villages.
Thanks for reading and have a great weekend!
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