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Ocala Real Estate Market Report for May 2008 |
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OCALA REAL ESTATE MARKET REPORT
Homes Sold May 2008 ……..…...251*
$100,000.00 or less..........................55
$101 to $200,000.00.......................138
$201 to $300,000.00........................35
$301 to $500,000.00........................15
$500,000.00 Plus..............................8
Active Listings as of 5/1/08…….7129**
This does not count homes sold by builders that may not be listed on the MLS Number may be revised due to late reports from board of Realtors.
Sales in May were almost exactly the same as April. The total number of homes on the MLS have gone down 3 months in a row! This is good news. Lower prices have brought out more buyers. Admittedly they are serious bargain hunters but they are buying.
Short sales, foreclosures and homes priced to compete are selling. Don’t be mislead into thinking we have hit bottom and price will begin to recover. The rest of 2008 will be dominated by bargain shoppers buying very, very well priced homes.
I have sold 2 homes in the last 30 days and have 2 more under contract
SOLD.
Rolling Hills….2014 sq ft living area….listed at $239,000.00 Sold $210,000.00
Rainbow Park ...1434 sq ft living…….. listed at $139,000.00 Sold $139,000.00
PENDING
Marion Oaks Unit 1 ..1781 sq ft living listed at $150,000.00 (short sale)
Lake Tropicana 1650 sq ft living……….listed at $169,000.00 pending
You can see images of all my active and sold listing on the Featured Listings area of my web site.
I now need more listings. Call me even if you owe more than the home is worth. I can advise you on the Short Sale process.
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