Ocala Real Estate Market Report February 2010
| $100.00 to $100,000.00 | 182 | |
| $100,001.00 to $200,000.00 | 76 | |
| $200,001.00 to $300,000.00 | 19 | |
| $300,001.00 to $500,000.00 | 5 | |
| $500,000.00 plus | 1 | |
|
283 | |
| Farm properties all price ranges | 10 | |
| Foreclosures | 111 | |
| Short Sales | 26 | |
| TOTAL ACTIVE LISTINGS FOR MONTH | 5,389 |
There were 283 sales of residential homes in Marion County during February. That’s pretty good considering some contracts were probably written over the holidays. What’s selling is still pretty cheap. A whopping 64% of sales were below $100,000-.
Foreclosures and Short Sales combined for a total of 137 sales and 48% of all sales in the month. Just 2 huge sub divisions, Marion Oaks and Silver Springs Shores, accounted for 60 of the 137 short sales and foreclosures. Both of these communities were areas of intense speculative building during 2004-2008. New homes built by investors and house flippers were never sold and have been taken by the banks.
It’s a great time to buy. Interest rates are around 5% for people with good credit. The First Time Buyers Tax Credit and Existing Home Owner Tax Credit are still available but you need to get your house under contract by April 30th. Houses in The Shores and Marion Oaks that are just a few years old are selling for under $100,000-. What are you waiting for?
Email me or use my Dream Home Finder to get a list of homes for sale in areas that interest you.
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. Home sales are for Marion County only and do not include FSBO, homes sold by builders not listed on the MLS, commercial properties or vacant land.
Ocala, FL