Homes & Land of Ocala Marion County Volume 46 Issue 6

Page 30

Golden Hills

Amidst rolling hills and thoroughbred horse farms rests dozens of contempory, custom-designed homes within a casual country club environment. The community has direct access to a semi-private, 18-hole golf course and membership ammenities including the colonial clubhouse, fitness center and Olympic-sized swimming pool. Restaurants, the World Equestrian Center and shopping are all in close proximity.

Jody Micilcavage REALTOR® 352.266.1156 |

Jody@ShowcaseOcala.com

ShowcaseOcala.com Showcase Properties of Central Florida • Locations in Ocala and Gainesville Please see Position A on the MAP on page 33

Country Club of Ocala Lifestyle, Sandscapes and Friends. Luxury Homes in tranquil golf & tennis community. Peacefully secluded 6,920 yard, par 72 golf course is surrounded by a private, gated neighborhood which is convenient to all amenities.

Joan Pletcher

Broker

352.266.9100 | 352.804.8989 joan@joanpletcher.com

JoanPletcher.com 13373 S Magnolia Avenue • Ocala, FL 34473 Please see Position B on the MAP on page 33 and JOAN’S ADS on the COVER and Pages 7, 8 and 9

Real Estate Snapshot NEW CONTRUCTION

Following a drop in supply in July, FloridaRealtors® noted that U.S. home construction rebounded above expectations during the month of August. Applications for building permits in Florida rose 6% leading to optimistic forecasts for the remainder of the year. The building process is experiencing lengthened construction times for all kinds of housing. According to New Home Source, construction style and environment has an effect on the average time it takes to construct a new home. Custom homes average 8.9 months, while a production home averages 6.1 months to complete. During the pre-construction phase, approvals of building permits and inspections can also cause delays. Although, Floridians continue to build year-round, a shortage of labor and materials during summer did have an effect on southern production this year.

statistics for August in the Florida Housing market. The median price statewide for single-family homes rose to $354,000 (up 18%). Condo sales were up 13.1% over a year ago with the average price rising to $252,500. Marion County had 868 single-family homes sell in August 2021, a change of 12.3% over last year at this time. The average price in August was $328,801. Marion County’s median average for a single-family residence is $235,000, up 26.3% over August 2020 and a huge margin over the median average of $110,824 recorded a decade ago.

An underbuilt market is one of the factors helping sustain valuation in the hot housing market. Most experts predict an increase in inventory heading into spring 2022. Some of it will come from new construction, or from older homeowners who had postponed listing their home for sale the last two years because they didn’t want to sell and move during a pandemic.

FLORIDA SALES

Newly added listings and higher median prices stood out amongst the

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HOMES & LAND of Ocala Marion County For Advertising Information Call (352) 236-2787

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