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.

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 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! *

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