|
Ocala Real Estate Market Report for October 07 |
|
|
OCALA REAL ESTATE MARKET REPORT
Homes Sold October 2007 ……....236*
$100,000.00 or less..........................51
$101 to $200,000.00......................106
$201 to $300,000.00........................48
$301 to $500,000.00........................17
$500,000.00 Plus.............................11
Active Listings as of 10/2/07…….7834*
Months of Inventory ……………..33.77 months*
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.
WHAT”S HOT IN OCALA REAL ESTATE
· New homes around $150,000.00
· Golf Course & 55+ communities.
· SE Ocala near but not in the Historic district
· Houses priced at or below $100.00 per sq ft of living area.
October sales were up from September by 20 units. Until October we saw a steady decline in sales each month from a high April of 395 to a low in September of 216. There are still way too many homes on the market and we added 200 homes to our inventory in just October.
Of the 7800 homes on the market 2300 are vacant and 900, more or less, were built in 06 & 07, probably owned by investors. I’m concerned these houses will be sold as short sales or foreclosures and further fuel declining prices.
On a more positive note, homes are selling every day. It’s a competition and the best priced house with the most extras sells first.
Don’t think no one looked at your house. It was previewed online or on MLS & the buyer decided not to see it in real life, probably because of the price. A really well priced home should get 3 or 4 showing a month even in this market!
A WELL PRICED HOME WILL SELL IN ANY MARKET.
|
