Ocala Real Estate and Community News » Market Updates

OCALA/MARION COUNTY MARKET UPDATE FOR JUNE 2010

shultz — Thu, 29 Jul 2010 17:25:27 +0000

According to OMCAR (Ocala Marion County Board of Realtors) from the end of June of 2009 to May 31, 2010 the average sales price for residential homes fell from $115,947 to $112,317 for a decrease of 3%, however. The average list price fell from $124,852 to 120,705 or a decline of 3% for the same 12 months period. The average price per square foot of living area for residential homes fell from $70 a year ago to $66 by the end of June, 2010, for a decrease of 5%. The median sales price fell from $105,000 to 87,500 for the same 1 year period for a decline of 17%.

Our MLS has 5367 active residential listings as of July 28th, 2010, which shows that inventory is up slightly since the end of June, 2010. 299 residential homes sold through the Ocala Marion County MLS in March, 2010, this is a slight decrease of 1% from a year ago. The absorption rate (how many months it would take to sell the inventory at present market levels) fell from 15.3 months a year ago to 14.1 months in June of 2010.

The Ocala/Marion County Real Estate Market will continue to absorb the many foreclosures and short sales. Sales volumes are steady, but prices are approximately 3% down from a year ago. With interest rates still dipping lower and we expect to see inventory continue to move at these low levels.

Want to get in on the great opportunities this buyer’s market has to offer? Check out our article on Tips For Buying Distressed Properties for great comprehensive information on what to look for when buying a foreclosed or short sale home.

Are you facing foreclosure and need to sell your home as a short sale(selling the property for less than what the current mortgage amount is)? The Shultz Team are experienced Short Sale Specialists and are more than happy to assist you in selling your property under stressful circumstances. With an aggressive marketing plan, great communication, we are ready to help save your home and credit from foreclosure. Feel free to contact Art & Brigitte Shultz to discuss your situation and start a plan to save your credit TODAY – the clock is ticking and the sooner we are able to assist you, the more likely we will have a successful closing.

For more detailed statistics or a free market analysis, please call or e-mail us.
Info@TheShultzTeam.com or call us direct at 352-291-1276

Art & Brigitte Shultz
The Shultz Team
#1 Team at Re/Max Premier Realty
Ocala, FL
Toll Free: 800-243-4087
Direct: 352-291-1276
Info@OcalaVisualTours.com
www.OcalaVisualTours.com

OCALA MARION COUNTY MARKET UPDATE FOR MARCH 2010

shultz — Sun, 02 May 2010 19:37:08 +0000

According to OMCAR (Ocala Marion County Board of Realtors) from the end of March of 2009 to March 31, 2010 the average sales price for residential homes fell from $117,352 to $106,862 for a decrease of 9%. The average list price fell from $126,674 to 114,741 or a decline of 9% for the same 12 months period. The average price per square foot of living area for residential homes fell from 72 a year ago to $66 by the end of March, 2010, for a decrease of 8%. The median sales price fell from $101,050 to 90,000 for the same 1 year period for a decline of 11%.

Our MLS has 5136 active residential listings as of May 2nd, 2010, which shows that inventory has declined about 6% since the end of 2009. 306 residential homes sold through the Ocala Marion County MLS in March, 2010, this is an increase of 39% from a year ago. The absorption rate (how many months it would take to sell the inventory at present market levels) fell from 25.0 months a year ago to 14.1 months in March of 2010.

The Ocala/Marion County Real Estate Market will continue to absorb the many foreclosures and short sales. Sales volumes are up, but prices are approximately 9% down from a year ago. With interest rates still at an all time low and we expect to see inventory continue to move at these low levels.

Are you facing foreclosure and need to sell your home as a short sale(selling the property for less than what the current mortgage amount is)? The Shultz Team are experienced Short Sale Specialists and are more than happy to assist you in selling your property under stressful circumstances. With an aggressive marketing plan, great communication and fully staffed office, we are ready to help save your home and credit from foreclosure. Feel free to contact Art & Brigitte Shultz to discuss your situation and start a plan to save your credit TODAY – the clock is ticking and sooner we are able to assist you, the more likely we are to have a successful closing.

For more detailed statistics or a free market analysis, please call or e-mail us.
Info@TheShultzTeam.com or call us direct at 352-291-1276

Art & Brigitte Shultz
The Shultz Team
#1 Team at Re/Max Premier Realty
Ocala, FL
Toll Free: 800-243-4087
Direct: 352-291-1276
Info@OcalaVisualTours.com
www.OcalaVisualTours.com

Ocala/Marion County Market Update December 2009

shultz — Wed, 20 Jan 2010 21:05:07 +0000

According to OMCAR (Ocala Marion County Board of Realtors) from the end of December of 2008 to December 31, 2009 the average sales price for residential homes fell from $138,445 to $113,018 for a decrease of 18%. The average list price fell from $150,936 to 121,522 or a decline of 19% for the same 12 months period. The average price per square foot of living area for residential homes fell from $81 a year ago to $68 by the end of November, 2009, for a decrease of 16%. The median sales price fell from $119,000 to 95,000 for the same 1 year period for a decline of 20%.

Our MLS has 5585 active residential listings as of the January 20, 2010, which shows that inventory is still holding steady. 290 residential homes sold through the Ocala Marion County MLS in December 09, this is an increase of 36% from a year ago. The absorption rate (how many months it would take to sell the inventory at present market levels) fell from 25.1 months a year ago to 14.6 months in December of 2009.

The Ocala/Marion County Real Estate Market will continue to absorb the many foreclosures and short sales. Sales volumes are up, but prices are approximately 18% down from a year ago. With interest rates still at an all time low and we expect to see inventory continue to move at these low levels.

Are you facing foreclosure and need to sell your home for a short sale (selling the property for less than what the current mortgage amount is)? The Shultz Team are experienced Short Sale Specialists and are more than happy to assist you in selling your property under stressful circumstances. With an aggressive marketing plan, great communication and fully staffed office, we are ready to help save your home and credit from foreclosure. Feel free to contact Art & Brigitte Shultz to discuss your situation and start a plan to save your credit TODAY – the clock is ticking and sooner we are able to assist you, the more likely we are to have a successful closing.

For more detailed statistics or a free market analysis, please call or e-mail us.
Info@TheShultzTeam.com or call us direct at 352-291-1276

Art & Brigitte Shultz
The Shultz Team
#1 Team at Re/Max Premier Realty
Ocala, FL
Toll Free: 800-243-4087
Direct: 352-291-1276
Info@OcalaVisualTours.com
www.OcalaVisualTours.com
* FREE OCALA MOVING TRUCK WHEN YOU BUY OR SELL THROUGH THE SHULTZ TEAM! *

Ocala/Marion County Market Update October 2009

Ocala/Marion County Market Update November 2009

shultz — Tue, 29 Dec 2009 20:55:15 +0000

According to OMCAR (Ocala Marion County Board of Realtors) from the end of November of 2008 to November 30, 2010 the average sales price for residential homes fell from $122,690 to $106,149 for a decrease of13%. The average list price fell from $132,100 to 112,947 or a decline of 14% for the same 12 months period. The average price per square foot of living area for residential homes fell from $81 a year ago to $66 by the end of November, 2009, for a decrease of 19%. The median sales price fell from $118,500 to 84,500 for the same 1 year period for a decline of 29%.

Our MLS has 5674 active residential listings as of the December 29th, 2009, which shows that inventory is still holding steady. 243 residential homes sold through the Ocala Marion County MLS in November 09, this is an increase of 36% from a year ago. The absorption rate (how many months it would take to sell the inventory at present market levels) fell from 32 months a year ago to 18.5 months in November of 2009.

The Ocala/Marion County Real Estate Market will continue to absorb the many foreclosures and short sales. Sales volumes are up, but prices the approval of the extended and new tax credit are approximately 13% down from a year ago. With interest rates still at an all time low and we expect to see inventory continue to move at these low levels.

For more detailed statistics or a free market analysis, please call or e-mail us.
Info@TheShultzTeam.com or call us direct at 352-291-1276

Ocala/Marion County Market Update October 2009

shultz — Fri, 20 Nov 2009 21:06:16 +0000

According to OMCAR (Ocala Marion County Board of Realtors) from the end of October of 2008 to October 31, 2009 the average sales price for residential homes fell from $143,080 to $110,611 for a decrease of 26%.

The average list price fell from $156,141 to 116,438 or a decline of 25% for the same 12 months period.

The average price per square foot of living area for residential homes fell from $85 a year ago to $67 by the end of October, 2009, for a decrease of 21%.

The median sales price fell from $120,000 to 93,000 for the same 1 year period for a decline of 22%, and it came up slightly from one month ago ($92,600).

Our MLS has 5685 active residential listings as of the September 25th, 2009, which shows that inventory is still holding steady now.

279 residential homes sold through the Ocala Marion County MLS in October 09, this is an increase of 38% from a year ago.

The absorption rate (how many months it would take to sell the inventory at present market levels) fell from 29.1 a year ago to 15.9 in October of 2009.

The Ocala/Marion County Real Estate Market will continue to absorb the many foreclosures and short sales. Sales volumes are up, but prices are approximately 25% down from a year ago. With interest rates still at an all time low and the approval of the extended and new tax credit we expect to see inventory continue to move at these low levels.

For more detailed statistics or a free market analysis, please call or e-mail us.
Info@TheShultzTeam.com or call us direct at 352-291-1276.

Ocala Florida Real Estate Statistics August 2009

shultz — Fri, 25 Sep 2009 19:30:52 +0000

According to OMCAR (Ocala Marion County Board of Realtors) from the end of August of 2008 to August 31, 2009 the average sales price for residential homes fell from $144,650 to $121,663 for a decrease of 15%, however, average sales price increased from one month ago from $119,714 to $121,663 or up 1.5%.

The average list price fell from $155,492 to 130,167 or a decline of 16% for the same 12 months period. List prices came up slightly (1%) in the last month.

The average price per square foot of living area for residential homes fell from $87 a year ago to $72 by the end of August 2009, for a decrease of 17%.

The median sales price fell from $134,900 to 104,250 for the same 1 year period for a decline of 22%, and it pretty much held from one month ago.

Our MLS has 5608 active residential listings as of the September 25th, 2009, which shows that inventory is holding steady now. .

244 residential homes sold through the Ocala Marion County MLS in August 09,which is up 25% from a year ago.

The Ocala/Marion County Real Estate Market will continue to absorb the many foreclosures and short sales. Sales volumes are up, but prices are approximately 15% down from a year ago. With interest rates still at an all time low and the recent approval of the $8000 tax credit we expect to see inventory continue to move at these levels.

For more detailed statistics or a free market analysis, please call or e-mail us.
Info@TheShultzTeam.com or call us direct at 352-291-1276.

First Time Homebuyers use Tax Credit for FHA closing costs

shultz — Sat, 20 Jun 2009 23:41:24 +0000

If you are a First-time home buyer and qualify for the $8,000 tax credit, but don’t have the money for a down payment or closing costs, you may now be able to get a loan to help with those upfront costs.

On May 29 the U.S. Department of Housing and Urban Development (HUD) announced that FHA (Federal Housing Administration allows state housing finance agencies to “monetize” (provide second mortgage) the tax credit so that home buyers are able to use the funds towards closing costs and down payments for the purchase of an FHA-insured mortgage.

Previously home buyers were only able to use the tax credit after filing their federal tax returns and had to come up with the upfront costs on their own.

The U.S. Department of Housing and Urban Development announced that FHA-approved lenders may purchase the tax credit from the borrower in advance, so that the home buyer can use the tax credit for closing costs or to make an additional down payment, over and above the required 3.5% minimum down payment that is a requirement for an FHA-insured loan.

For families who would like to take advantage of today’s low interest rates, rock bottom prices, huge selection, this is really great news. Since this tax credit is only available until November 30, 2009, this could help a lot of families who cannot save enough money for a down payment and closing costs.

In addition to the 160,000 sales expected as a result of the tax credit, the NAHB (National Association of Home Builders) estimates that 40,000 more homes will be purchased due to the FHA monetization program.

Visit the website of the National Council of State Housing Agencies (www.ncsha.org) for a list of states offering First-time home buyer tax credit loan programs.

For more information on the First-time home buyer tax credit go to Tax Credit.

Feel free to review the Ocala Florida Real Estate Statistics for May of 2009.

To see what Ocala Real Estate is selling for visit our website www.OcalaVisualTours.com

Art & Brigitte Shultz

The Shultz Team
#1 Team at Re/Max Premier Realty
Ocala, FL
Toll Free: 800-243-4087
Direct: 352-291-1276
Info@OcalaVisualTours.com
www.OcalaVisualTours.com
* FREE OCALA MOVING TRUCK WHEN YOU BUY OR SELL THROUGH THE SHULTZ TEAM! *

Ocala Florida Real Estate Statistics May 2009

shultz — Wed, 10 Jun 2009 19:16:45 +0000

According to OMCAR (Ocala Marion County Board of Realtors) from the end of May of 2008 to May 31, 2009 the average sales price for residential homes fell from $173,883 to $121,280 for a decrease of 30%.

The average list price fell from $187,525 to 131,541 or a decline of 29% for the same 12 months period.

The average price per square foot of living area for residential homes fell from $102 a year ago to $73 by the end of May 2009, for a decrease of 29%.

The median sales price fell from $143,550 to 109,700 fro the same 1 year period for a decline of 23%.

Our MLS has 5894 active residential listings as of the May 12th, 2009, which shows small decrease in inventory from a month ago. Inventory has been declining since December 2007. 218 homes sold through the Ocala Marion County MLS in May 09.

The average sales price has slightly decreased in the last month from $126,277 to $121,280, but the average median sales price has increased slightly from $107,450 to 109,700 from April to May 2009.

The Ocala/Marion County Real Estate Market is still working hard on absorbing the many foreclosures and short sales. Sales volumes are up, but prices are approximately 30% down from a year ago. With interest rates still at an all time low and the recent approval of the $8000 tax credit we expect to see inventory continue to move at these levels.

You can also review our last statistics update for Ocala Florida Real Estate for January 2008

For more detailed statistics or a free market analysis, please call or e-mail us.
Info@TheShultzTeam.com or call us direct at 352-291-1276.

Is California Leading The Way To Recovery?

shultz — Mon, 01 Jun 2009 15:08:06 +0000

California usually leads the way for the economic health of our nation. New research from the state with the biggest residential property market shows signs that the housing market could start to rebound very soon. View story here.

You can also review our last statistics update for Ocala Florida Real Estate for April 2009.

Having difficulty in these economic times? Facing foreclosure? If you are in need of help of saving your home from the foreclosure process, please give us a call. We are Short Sale Specialists and may be able to save your credit from the tarnish of a foreclosure. Don’t wait – the sooner we can help you, the better!

For more detailed statistics or a free market analysis, please call or e-mail us.
Info@TheShultzTeam.com or call us direct at 352-291-1276.

Ocala Florida Real Estate Statistics April 2009

shultz — Wed, 13 May 2009 14:51:32 +0000

According to OMCAR (Ocala Marion County Board of Realtors) from the end of April of 2008 to April 30, 2009 the average sales price for residential homes fell from $178,462 to $128,129 for a decrease of 28%.

The average list price fell from $195,258 to 138,639 or a decline of 28% for the same 12 months period.

The average price per square foot of living area for residential homes fell from $107 a year ago to $81 by the end of April 2009, for a decrease of 24%.

The median sales price fell from $143,900 to 108,000 fro the same 1 year period for a decline of 24%.

Our MLS has 5951 active residential listings as of the May 12th, 2009, which shows significant decrease in inventory. Inventory has been declining since December 2007. 183 homes sold through the Ocala Marion County MLS in April 09.

The good news is that the average sales price has increased 10% in the last month from $115,943 to $128,129. As a matter of fact, the average list price and the median list and sales prices have all increased by 10-12%.

The Ocala/Marion County Real Estate Market is still working hard on absorbing the many foreclosures and short sales. Sales volumes are up and prices are approximately 28% down from a year ago, but up about 10% from a month ago. With interest rates still at an all time low and the recent approval of the $8000 tax credit we expect to see inventory continue to move at these levels.

You can also review our last statistics update for Ocala Florida Real Estate for January 2008

For more detailed statistics or a free market analysis, please call or e-mail us.
Info@TheShultzTeam.com or call us direct at 352-291-1276.