The Villages Real Estate Market Stats

Here is a look at some recent real estate market stats for The Villages, FL.

This data comes from the local MLS, and it only pertains to resales sold through outside Realtors. It does not include new homes, or resales sold through the developer.

With the exception of the occasional update on how many new homes are sold each year, the developer tends to keep their stats pretty much under lock and key, especially as it pertains to resales. You can use your imagination as to why that is.

As mentioned in our real estate guide, about 35-40% of resales are sold through outside Realtors. Here’s why you need one and how to get one.

Properties for Sale 1289
New on Market148
Avg. Asking Price/Sq.Ft.$190
Avg. Sale Price$302,283
Avg. Sale Price as % of Asking Price97.0%
Avg. Sale Price/Sq.Ft.$168
Avg. Days on Market of Sold86

1. Data as of Jan, 12 2020.
Remaining statistics above are calculated on activity within the period from Dec, 12 2019 to Jan, 12 2020

Here’s a closer look at some of the most important stats, along with some commentary where appropriate.

Average Sale Price

DateAvg Price
01/2019$262,507
02/2019$265,146
03/2019$284,959
04/2019$278,861
05/2019$270,040
06/2019$304,224
07/2019$257,615
08/2019$279,628
09/2019$263,701
10/2019$278,954
11/2019$287,455
12/2019$294,377
01/2020$290,638

Average Days on Market of Sold Homes

The Villages average days on market of sold homes is toward the higher end of the national average range of 65 to 93.

You might think, “huh, that’s weird, I thought The Villages was a hot real estate market?”

But you have to remember that all of these homes sitting on the market are competing directly with the more than 2,000 brand new homes that the developer is building and selling each year.

Plus, from what I’ve seen, most home sellers think that if the developer is selling the same floorplan they have for $XXX,XXX then they should be able to fetch the same price. Not so!

DateAvg Days
01/201991
02/201992
03/201998
04/201980
05/201989
06/201996
07/201984
08/201981
09/201977
10/201981
11/201973
12/201982
01/202087

Number of New Properties Listed

DateListings
01/2019213
02/2019194
03/2019199
04/2019204
05/2019202
06/2019174
07/2019184
08/2019186
09/2019169
10/2019216
11/2019195
12/2019122
01/202092

Average Sale Price as a % of Asking Price

On the surface, this seems like a very positive stat for home sellers, and a warning to buyers that they don’t have much room to negotiate.

But thats not how I see it 😉

Remember that above we saw the average number of days on market was around 90 days.

Price reductions typically occur during that time, with most agents asking their sellers to consider price reductions every 20-30 days or so.

So, (just making up numbers here) a house that starts off priced at $300,000 might get dropped to $289,000 after 30 days, $275,000 after 60 days, and then might sell for $265,000 around the 90 day point, resulting in a (roughly) 97% sales price to asking price ratio.

DateAvg Sale/List Price
01/201996.65%
02/201997.00%
03/201996.84%
04/201997.40%
05/201996.68%
06/201997.23%
07/201997.66%
08/201997.58%
09/201997.33%
10/201997.06%
11/201997.28%
12/201997.22%
01/202097.36%

* Values for current month represent month-to-date statistics

Again, remember, about 35-40% of resales are sold through outside Realtors. Here’s why you need one and how to get one.

1 thought on “The Villages Real Estate Market Stats”

  1. I’m wondering if Coronavirus will affect the market in The Villages. I feel many homes are overpriced. I’ve seen many homes listed having dramatic price drops. While most are retirees hopefully receiving annuities, some may need to help their children now out of work. Some may not be able to have a second home.

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