Ocala Homes Sales July 2009
| $100.00 to $100,000.00 | 132 |
| $100,001.00 to $200,000.00 | 111 |
| $200,001.00 to $300,000.00 | 20 |
| $300,001.00 to $500,000.00 | 4 |
| $500,000.00 plus | 2 |
| TOTAL SALES FOR THE MONTH | 269 |
| TOTAL ACTIVE LISTINGS FOR MONTH | 5,553 |
** Only homes listed & sold in Marion County on the Ocala Marion county MLS. Does not include For Sale by Owner, Vacant land, Commercial properties, Farms or homes by Builders not listed on the MLS. Numbers subject to change due to late reports from Brokers
Sales in July were 269 homes in Marion County. This is a drop from the 319 sales in June and more in line with April at 229 and May at 259. Total listings went up about 100 units from last month which is the first increase in quite a while.
One of Ocala’s largest employers closed this week. The huge mortgage company Taylor Bean & Whitaker was closed down by the fed putting around 1,000 people out of work. This on top of a 12.5% unemployment rate isn’t good for the housing market.
There seems to be no end to the foreclosures that are still dragging down prices. I constantly see short sales being withdrawn or expiring from the MLS. These are the foreclosures of 6 to 12 months from now. In July there were 84 Foreclosures sold and 27 Short Sales sold. That’s 111 out of 269 homes sold or 41% of all sales.
For these reasons I don’t expect prices to go up any time soon. Prices won’t recover until the foreclosures stop, inventory goes below 2,500 homes, the unemployment rate drops significantly and the market improves in other parts of the country so people can sell there and move to Ocala.
Knowledge is power whether you are a buyer or seller. I offer the truth about the Ocala Real Estate market without any sugar coating.
Statistics used for this blog post are from the Ocala Marion County MLS and are deemed to be accurate at the time this blog was written but are not guaranteed. All information is time sensitive and subject to change without notice.
Can you prepare a Vacant Land Sales report? I am interested in sales in Marion County in deed restricted neighborhoods 5-15 acres. Sales only within the last 3 months, if any.
Thank you.
Hi Jennifer
I sent you some closed listings for 5-15 acre lots. To keep other people up to date let me say there were just 4 sales that averaged $19,250- +/- an acre. When I look at active listings for sale there are quite a few very nice looking large lots for as low as $10,000- an acre.
I answer all sorts of questions & give out lots of free info. All you have to do is leave a comment or send an email