Ocala Real Estate Market Report January 2010

Here are some interesting statistics from 2009.

In 2009 compared to 2008 the average sale price in Marion County declined 22% and the median price fell 25%.

Homes in gated communities did better. The average decline from 2008 to 2009 was 16% and the median priced was down by only 7%.

The median home price was at it’s highest in Marion County during 2006 at $165,000-. By 2009 the median home price was down to $95,000-.

You will notice a big difference in the decline between the county in general and the gated communities. That’s because there are a huge number of foreclosures and short sales dragging down the county average. Just 2 subdivisions, Silver Springs Shores and Marion Oaks account for just 6% of the population of Marion County but had 23% of all sales in 2009. The vast majority of which were foreclosures and to a much lesser extent short sales.

If you’d like more info on buying or selling a home in the Ocala Marion County area give me a call or send me an email. It’s only the middle of February and I already have 3 sales. I can help you too.

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