Last week I wrote about The Villages 2016 new home sales stats, and this week I’m back with the MLS (resales) stats.
In 2016, a total of 1,096 sales took place through the MLS.
Keep in mind that these stats do not include resales sold by/through the developer’s resale division, which does not participate in the MLS.
If we take the developer at their word that their resale arm (non-MLS) accounts for 60-70% of all resales, then we can ballpark that there were around 3,000 resales sold in 2016.
In the chart below, you can see which price brackets accounted for the most sales in the MLS:
As you would expect the $150k-$300k price range saw the most sales.
In this next image you can see total number of sales, average sales price, total volume, and average days on the market in the MLS:
Compare that to stats from 2015:
…and you can see that the volume of sales through the MLS is up 18%.
As I’ve said for years, as the developer sells fewer new homes, the number of resales will increase.
There aren’t less people interested in moving to The Villages. There are just fewer new homes in prime areas, and so many more newcomers are choosing to look more closely at resales in the better areas.
Some people thinking about buying a home in The Villages blindly work solely with the developer…either out of ignorance or convenience…looking at new homes they are building, and resales that they represent.
These people are missing out on 30-40% of resale inventory that they could be seeing if they were working with a Realtor that has access to the MLS.
I make it easy for readers to get connected with an agent and see the 30-40% of resale homes their currently missing.