Ocala real estate market report December 09
Sales in December were 374 homes here in Marion County. If you remember my November report I thought sales were oddly low that month with only 266 sales. Apparently it was just a statistical fluctuation. Probably just a result of the time that offers were accepted or the time required to close the transactions.
Just as in previous months, the vast majority of sales are below $200,000- and over half are below $100,000.00. Once again foreclosures and to a lesser extent short sales account for over 50% of all sales.
The total number of listings seem to be pretty constant at around 5,500. As I’ve said many times, our market won’t recover until the number of active listings goes down. If you take 5534 active listings and divide it by the sales in December you get 14.8 months of inventory.
In general 2009 was a huge improvement over the past 2 years. Prices are down but volume is way up. There were 3224 sales of residential homes in Marion County in 2009 as compared to 2008 with 2453 and 2007 at 3169.
Does Spruce Creek and Stone Crest in Summerfield allow pickups and have RV storage? Thanks
Spruce Creek Golf and Country Club has an RV parking lot. I think but I’m not 100% sure Stonecrest does too. In general most 55+ have an RV lot.
Wondering why Summerglen has so many nice resales? Could the location of it be a problem?Being a newer development how stable is it?
All the resales in Summerglen are nice because they are all newer. I think the oldest homes are 2003 or 04. There are always resales in 55+ communities. It has to do with the age of the population. People get sick, need assisted living, pass away and some go back to be close to family for different personal reasons. Location is the only negative about the community. I think the builders expected commercial growth on SR 484 that didn’t happen. I think it is stable and exceptionally well managed as evidenced by the low HOA fees that include lawn mowing.
My concern is traffic noise from 75. When looking at it from Google Earth it looks like a truck weight station in that location on 75 which concerns me regarding noise. I don’t want to hear traffic noise….can you hear the traffic in Summerglen?
There is some road noise depending where you are in the community. Close to the berm that fronts the highway I have heard noise. I have never heard the truck stop myself. It is a fairly large community around 1000 so it depends where you are as to whether you hear noise.
Do you know anything about a place called Highland Lakes in Leesburg, Florida? Seems they have a POA as well as an HOA. Have not been able to find out how the cost the POA or how it works. Can you help me?
Sorry Leesburg is outside my territory.