Ocala and Marion County FL Foreclosure Report March 2010
Foreclosures in the Ocala and Marion County Florida area are a major part of our market. Foreclosures accounted for 38% of all residential sales in March 2010. That is actually down a little from the 46% in February. We are also seeing foreclosures in the farm and commercial industrial sectors.
Ocala Foreclosures Residential
Active 323
March sold 133
Ocala Short Sales Residential
Active 684
March sold 35
Ocala Farm Foreclosures
Active 12 from $162,900- to $2.25M
March sold 2
Ocala Farm Short Sales
Active 18
March sold 1
Ocala Commercial Foreclosures
Active 13
March sold 4
Ocala Commercial Short Sales
Active 26
March sold 1
Ocala 55+ Foreclosures
Active 19
March sold 3
Ocala 55+ Short Sales
Active 31
March sold 2
Foreclosures are still closing at a much higher rate than short sales. Just look at the ratio of closed short sales to active short sales and then compare that to foreclosures.
Foreclosures are every where in the Ocala area but some sub divisions have a large amount such as Silver Springs Shores while all the 55+ communities only accounted for 3 sales.
Don’t let anyone tell you foreclosures are in terrible condition. Some of course are but many if not most will easily pass a professional home inspection.
If you would like a list of Ocala area foreclosures call me, send me an email or use my Ocala Dream Home Finder. DO NOT ask to see all the Ocala foreclosures. I can’t send you 300 listings!! I need a price range, beds and baths, area of Marion County, lot size and anything that will narrow your search down.
You might also want to check out my Ocala Foreclosure Guide
