Thursday, April 10, 2008

Ocala Real Estate: Buying Homes In A Healthy & Lush Country Setting

The city of Ocala prides itself with being in the crossroads of Florida. The city is known for its lush rolling green fields, and the large concentration of equine horse arms, which gives it the title of being the "Thoroughbred Capital of The world."

Aside from having a lush green natural setting, the area is also famous for offering residents and newcomers a healthy array of real estate choices to choose from, ranging from affordable bungalows, single-family homes, apartments, town homes, condos and even sprawling estates. The city as well as Marion County also offers residents and visitors many outdoor recreational activities and amenities, with its wide array of parks and recreational facilities.

The County Has A Large Number of Parks And Recreational Centers

Marion County's parks and recreation system has around 45 facilities to offer tourists and outdoor enthusiasts, ranging from boat ramps to softball fields, beaches, nature and conservation areas and even dog parks.

Some of the county's recreational facilities offer free entrance, while some charge a small entrance fee, and many offer annual passes. The Rainbow Springs State Park in Dunnellon has the state's fourth largest spring, and is headwaters are popular destinations for canoing, swimming, snorkeling and kayaking on the Rainbow River.

Is It A Buyer's Market Here Today?

According to real estate industry observers, the median price of homes for the second quarter of 2007 was pegged at $170,900, and this represents a slight increase from the recorded price of $169,500 for the same period last year. The National Association of Realtors also noted a U.S. median home price of $223,800 for the second quarter of 2007, as compared to $227,100 for he same period last year.

For the state of Florida, the median price for the period was $221,200, which was down from $243,300 for the same period last year. According to some local property observers, the area's housing market is still being relatively seen as a buyers market. Sales are off quite a lot when compared to the figures in March 2006, when 614 homes were sold.

There is still a a glut of newly-completed but vacant homes, as these were bought by investors who intended to flip them but have now been caught with houses they can't sell. According to industry watchers there are around 6,869 homes listed on the Ocala Marion County MLS as of the last quarter of 2007. Homes here that are selling, are at present priced and in the mid to lower price range, and well-priced residences are selling close to their asking prices.

So would this be a great time to buy a home here? Some say yes, while some say that it's still too cautious to say yes. It would all depend on you to decide, however be on the lookout for some excellent and wonderful deals out there, since at the moment, interest rates are near historical lows.

Currently, the median price for homes in his city and county are already the 2nd lowest in Florida, therefore there's tremendous potential for home value appreciation over the next several years.



Vanessa Arellano Doctor
Miami Real Estate

Wednesday, April 9, 2008

Ocala Real Estate: Current Home Inventory And Resale Levels

The city of Ocala, along with the whole of Marion County at present, has a very high housing inventory level , which amounts to approximately a 12-month supply of homes. This present scenario is one of the major causes for the drastic price reductions in home prices.

There have been movements seen, however, which indicate a slowdown in the reduction of home prices. With the housing market here showing directions of hitting the bottom, and as the mortgage slump affects all aspects of the housing industry, real estate market observers are saying that now would be a good time to purchase new homes, as interest rates are still pegged at one of their lowest levels.

Current Home Construction Figures For Ocala

Based on current data provided by local property market veterans and county building officials, new construction rates are still slow at present; however, a number of property developers and builders are indicating that they will slowly pick up the pace and will continue to build homes this year.

Home builders here are still seen offering great incentives to buyers, which would include paying your entire first years HOA fees, taxes and insurance, closing costs, and some even offer buyers bonuses such as home appliances, lawn mowers, appliance upgrades and more. This move is indicative of being the perfect time to ponder on make a home purchase. In addition, new home builders have also drastically reduced pricing on inventory homes, in order to lessen the number of unsold home inventories these days.

Home Resales Statistics For The City

Home resales figures in the Ocala and Marion County have continued to see increased activity, particularly today that prices have slid even further. Many home sellers now seem to realize that the prices of 2005 are history, and if they will not be aggressive in pricing their homes, they may truly be wasting their time and investment. Each year, thousands of new residents are attracted to this area , lured by the region's healthy economy, excellent quality of life, diverse recreational activities, pristine environment, and the wide array of shopping opportunities.

The number of residents coming to this city, and county, makes it among the three fastest growing areas in the nation. The county's welcoming atmosphere makes transitions easy, and the wide array and affordability of housing options ensures that the types of homes here will suit every home buyer's preference, lifestyle and budgets.

Located 80 miles north of the Greater Orlando Metro area, Ocala is considered by many to be a wonderful place to live and call home. The county is famed for having lush rolling green fields, horse farms, wooded forests, lakes, springs and rivers.

For residents here, outdoor living is a daily activity for many, as the county is home to a host of fishing, boating and outdoor sports enthusiasts. Residents here also have easy access to top-notch medical facilities, shopping centers, industries, arts and culture venues, historical landmarks, and lots of parks and forest areas. It also has a lot of affordable housing options that offer a wide inventory of homes to choose from.


Vanessa Arellano Doctor
Miami Real Estate

Monday, April 7, 2008

Ocala Real Estate: The Viability Of Buying Homes Here Today

The City of Ocala, located in central Florida, is a lovely area surrounded by lush greenery and offers scenic views of the countryside. The city is renowned for having the diversity and vitality of a much larger city.

The city has a truly wonderful history, and within its lovely historic district, visitors will find a neighborhood of charming tree-lined streets and well-preserved Victorian and Tudor homes. Throughout the city and in nearby suburbs as well are modern home development projects, which offer a wide array ranging from single-family homes, townhouses, apartments and condos.

Country Living with A Modern Twist

Many people have preferences for living in peaceful, quaint and less-stressful environments, and for those wishing to live the country life, Ocala and the whole of Marion County as well offers a lot of options for home buyers, from acquiring newly-completed country communities to lovely farm houses, horse farms, and large estates. Traveling to and from each district is quite comfortable, as the area's highway system makes outlying areas convenient to the city's central business and shopping districts.

Lots of new home construction is expanding the selection for newcomers and prospective home buyers. In this county, the trend in housing is tilting toward stylish gated communities, which feature elegant yet quite affordable custom-built homes. These communities, like Oak Run, On Top of the World, Ocala Palms, Lake Diamond, and in nearby Lady Lake, The Villages of Marion, and many more offer buyers a wider option of home designs and recreational amenities, as these villages have clubhouses, golf courses, pools, tennis courts, fitness centers, scenic walking trails, cafes and restaurants.

The wide array of home choices here, which range from single-family homes, condominiums, villas or patio homes are available, with newly-completed apartment complexes offering rental opportunities and have monthly rates starting at $570 and running to a high of $1,300 for upscale multi-room units. Houses here have prices ranging from $120,000 for a starter home to rural estates and horse farms that cost around $450,000 above. For standard three-bedroom, two-bath residence, these are likely to cost between $200,000 and $240,000.

How The Market Is Being Viewed Today

Although the area truly offers plenty of wonderful real estate options for home buyers, and has a lush and scenic countryside to add, the US housing slump has not spared this area from the hassles and tribulations brought about by the mortgage and credit downturn. According to some local industry observers, fewer than half of the families making the average income can buy the average home these days. In just six years ago, the the city and its environs were considered the second-most affordable place in the South for housing, and 10th-ranked in the US.

However, in 2006, Ocala ranked 41st in the southern region and 110 overall in the country. According to some observers, the steep fall and rapid decline in housing affordability affects the long-term viability of the county's economy, which most see as fully dependent on the middle and working classes, who are now being eased out of the local housing market and not easily being able to join the ranks of homeowners.

Among Florida's small and medium-sized housing markets, the city of Ocala reported higher sales of existing single-family homes in January 2008, reporting a total of 428 homes sold, as compared to 378 homes for the same period last year, which represents a 13 percent increase The median sales price also went up by 39 percent to $166,200.

According to the Ocala/Marion County Association of Realtors, many individuals are drawn to the area’s scenic beauty, relaxed lifestyle and friendly community. According to the local realtor's group, more people are coming up from South Florida where traffic and living conditions are much more congested, as they consider this area to be a gorgeous and truly livable location for retirees and new families.



Vanessa Arellano Doctor
Miami Real Estate

Tuesday, April 1, 2008

Buying Homes in Ocala Real Estate

This beautiful a city of Ocala is known for its lush rolling green fields and given the title of Thoroughbred capital of the world. Beside of its green natural setting, this place is also famous for offering residential lots with a healthy array of real state homes you can choose from.

There are affordable bungalow, single family homes, apartment, condos and town house which you can select. There are also other sprawling estates. The Marion County is a good place to live in. This place offers the resident and visitor with many outdoor activities including amenities. These places have a wide array of parks and recreational facilities you can enjoy of.

Marion County has a recreational center and a large number of parks. It offers 45 facilities for tourist and outdoor enthusiast. It has a ranging boat ramp you can enjoy, softball fields, beautiful beaches, and a nature conservation area. Other county’s recreational facilities charge small entrance fee and others have free entrance and many offer for manual passes. The fourth largest spring in the state is the Rainbow Spring state park in Dunnellon. It is popular for its head water on swimming, canoeing, snorkeling and kayaking.

The real state industries observe the median price of home in second quarter of 2007 had increased from $169,500 to $ 170,000. Compare to U.S median home price of $227,100 to $ 223,800 which is noted by the National Association of Realtor.

In the state of Florida, The median price is $243,300 and down to $221,200. The local property observers say that the housing market was still seen as a buyer market. The sales are quite off compared to homes sold in March 2006.

There are many newly-completed vacant homes which were bought by investors thinking they can sell them in higher price but it was been caught with the house they can’t sell. The lists of homes were around 6,869 in Ocala Marion County that are present price and lower their price range. Even the well prices among residence selling are close to their asking price.

Other says it is great time to buy a home here, other say no because it is still cautious to say yes. It depends on you to decide whether you want to buy or not.
But look at the wonderful and excellent deal out there. At present Florida is the second lowest in the median price homes in this city and county. And there are possible and potential for home value appreciation on next several years.

Eliza Maledevic Ayson
Miami Foreclosures

Monday, March 31, 2008

Buying Homes in Ocala Real Estate

This beautiful a city of Ocala is known for its lush rolling green fields and given the title of Thoroughbred capital of the world. Beside of its green natural setting, this place is also famous for offering residential lots with a healthy array of real state homes you can choose from.

There are affordable bungalow, single family homes, apartment, condos and town house which you can select. There are also other sprawling estates. The Marion County is a good place to live in. This place offers the resident and visitor with many outdoor activities including amenities. These places have a wide array of parks and recreational facilities you can enjoy of.

Marion County has a recreational center and a large number of parks. It offers 45 facilities for tourist and outdoor enthusiast. It has a ranging boat ramp you can enjoy, softball fields, beautiful beaches, and a nature conservation area. Other county’s recreational facilities charge small entrance fee and others have free entrance and many offer for manual passes. The fourth largest spring in the state is the Rainbow Spring state park in Dunnellon. It is popular for its head water on swimming, canoeing, snorkeling and kayaking.

The real state industries observe the median price of home in second quarter of 2007 had increased from $169,500 to $ 170,000. Compare to U.S median home price of $227,100 to $ 223,800 which is noted by the National Association of Realtor.

In the state of Florida, The median price is $243,300 and down to $221,200. The local property observers say that the housing market was still seen as a buyer market. The sales are quite off compared to homes sold in March 2006.

There are many newly-completed vacant homes which were bought by investors thinking they can sell them in higher price but it was been caught with the house they can’t sell. The lists of homes were around 6,869 in Ocala Marion County that are present price and lower their price range. Even the well prices among residence selling are close to their asking price.

Other says it is great time to buy a home here, other say no because it is still cautious to say yes. It depends on you to decide whether you want to buy or not.
But look at the wonderful and excellent deal out there. At present Florida is the second lowest in the median price homes in this city and county. And there are possible and potential for home value appreciation on next several years.

Eliza Maledevic Ayson
Miami Real Estate

Sunday, March 30, 2008

Ten Reasons You Should Invest In Ocala Real Estate

From traditional neighborhoods, gated subdivisions to sprawling retirement communities, those in search of a home hopefuly can find it all in Ocala, as well as throughout Marion County.

Districts like Silver Springs Shores and Marion Oaks, are older, more established residential communities, and are still experiencing robust growth. Other areas like Fore Ranch and Heath Brook are newer subdivisions. The southern portion of Marion County is also home to a selection of massive retirement villages, as well as other other gated communities and villages.

The Ocala/Marion County Building Department has noted that housing growth in the city and county as well has remained strong, ,and like most of central and south Florida, is being driven by the influx of new families and retirees, who are relocating from harsher and colder northern climates, as well as for the area’s growing employment opportunities.

The Indicators For Robust Growth Are In Ocala

According to local housing experts, most indicators that would enable a healthy local new home sale market are reflected in Ocala. These factors, such as low interest rates, lower cost of construction products and services, strong commercial construction activity, and baby boomers reaching retirement age. Overall, the housing sector is optimistic that the new home market in Marion County will be healthy over the next 12 to 24 months.

Ten Reasons Why You Should Invest In Ocala Real Estate

- Availability Of Affordable Housing

Ocala, as well as Marion County, offers many affordable housing programs for income eligible households, and these include the State Housing Initiative Partnership or SHIP and the Community Development Block Grant or CDBG for home purchase or rehabilitation outside of the city limits of Ocala. In Ocala, the CDBG Housing Rehabilitation Program, which uses federal funds, is among the programs offered to income eligible residents within the city limits.

- Wide Array Of Employment Opportunities

The slowdown in the housing, credit and construction sector has led to higher unemployment in recent months, with the jobless rate rising to 4.8 percent. However employment in the manufacturing and service sector has risen, and the result is an availability of job options.

- The City Has A Thriving Retail Sector

Ocala’s retail sector is expected to further grow. The new Market Street at Heath Brook mall is scheduled to open early next year, bringing new options to shoppers, including Dillards and Talbots. Paddock Mall, the county's first mall, is slated for a renovation and expansion in 2008, and newer centers are being developed nearby. A new shopping center, Berkshire Oaks, will add major retailers Kohl's and H.H. Gregg to the fold.

- Easy Access To Modern Medcal Facilities

Of the county's largest private-sector employers, two are in healthcare, three in retail sales, three in manufacturing, one in finance and one in support services. The Munroe Regional Medical Center is the county's largest single employer, with 2,427 employees, followed closely by Wal-Mart with 2,385. The proximity of the county health facilities to the city offers residents better, and convenient access to medical care.

- Presence Of High-Tech Industries

Ocala's high-tech industries are expanding too. Aircraft and tech firm Lockheed Martin continues to build missile control systems in its Ocala facility, and Intellon is expanding its line of integrated circuits into new products.

- Booming Tourism Market

As tourism continues to grow, the Ocala/Marion County Visitor and Convention Bureau recently authorized a feasibility study to determine whether the area can support a convention/meeting facility. New hotels have recently opened on both the east and west sides of Ocala. A new Holiday Inn Express opened near the Silver Springs attraction, joined by a Value Place extended-stay hotel nearby.

- The City Hosts A Number Of Housing Revents Each Year

Each year, several home events are hosted in Ocala to showcase potential home buyers to area builders. Two of the area's largest events are the annual spring Parade of Homes and the Fall Showcase of Homes. The Marion County Building Industry Association sponsors both events.

- Ocala Is The Horse Capital Of The World

Carl Rose, who made millions in the limestone industry, opened his Rosemere Farm just east of Ocala in the 1930s, However, it was men like Bonnie Heath and Jack Dudley that began breeding Triple Crown champions in Marion as early as the 1940s and 1950s. Today, Marion, as well as Ocala, proudly calls itself "The Horse Capital of the World" because of the hundreds of farms that raise dozens of equine breeds.

- The City Offers Many Educational Opportunities

There are many educational opportunities in Marion County, and these range from public and private elementary schools to colleges and university opportunities. Among them are Central Florida Community College, and its main campus on State Road 200 not only offers associate degrees, but also features a University Center where students can earn bachelor's and master's degrees through online classes at seven universities.

- Ocala Has A Vibrant Nightlife

The city has a healthy assortment of recreational, dining, and entertainment facilities. Whether you're looking to dance the night away, go have a few drinks with friends or just unwind, there are several nightspots here for individuals who are looking to have fun.



Vanessa Arellano Doctor
Miami Real Estate

Thursday, March 27, 2008

Ocala Real Estate: Local Market Sees A Rise In Affordable Housing Options

The city of Ocala is a thriving mid-sized central Florida city. This city underwent rapid growth in the 1970s with the development of the Interstate 75 and the completion of Disney World. In the past decade, the greater Ocala area has seen one of the highest growth rates for a city its size in the US.

The county's population in 2000 rose to 250,000, up from around 100,000 in the 70's. A large aspect of the county's growth could be attributed to the county's rising popularity as a viable retirement destination, particularly in the areas of the SR 200 corridor and The Villages, which are located in the southwest portion of the city.

County officials Have Begun Analyzing the Area's Housing Conditions

A major study has been launched by the Public Policy Institute of Marion County, to analyze the county's affordable housing market. the county's Affordable Housing Task Force is comparing and analyzing how communities elsewhere are finding ways to address the problem of rising housing costs. It is also examining how both state and local governments, as well as the private sector, can join to address this problem. The task force is planning to issue a report with recommendations sometime this spring.

The need for affordable housing is a real and pressing concern, and this is what county officials and the private sector is looking into. As more people move to this area, home prices continue to soar and land becomes scarcer, it poses a troubling concern to the community and the state as well.

The Manufactured Housing Sector Is Seeing A Boom

Local newspapers in Ocala have reported that manufactured housing is enjoying a boom as more families are looking into getting these types of houses, as the costs are far than the median price.

With around 30,000 mobile and manufactured houses already on the books in Ocala and Marion County, this alternative housing option makes sense for those on a limited budget, which explains for the rising demand. However, this housing market segment also is having its dproblems because of fast-escalating land prices and a lack of appropriately zoned lots and acreage.

Another Study Analyzes The Future Of Affordable Housing in Ocala

A comprehensive study has recently been released, which reports that the future of affordable housing in the Marion County area will be bleak unless more concrete steps are quickly taken by public and private initiatives.

According to the study, the housing options for low- and moderate-income residents of Ocala/Marion County are becoming limited, and is becoming a worrisome scenarion. Too few residences are available that poor and working people can afford. There is some help, but not nearly enough. Identifying problems and crafting viable solutions for a tightening residential home market is the backbone of the "2006 Housing Study: A Framework for Affordable and Workforce Housing,"

The study was produced by the Marion County Public Policy Institute, a volunteer consortium of local leaders charged with crafting a life-enhancing vision for the Ocala area. Because Ocala's housing prices are still among the most affordable in the state, the PPI study group admits that other parts of Florida face stronger challenges. Though PPI members admit some of their findings and recommendations are quite debatable, they feel certain most of the facts cannot be disputed.

The study notes that the median cost of an existing home in the county has risen by 44 percent to about $160,000 in 2005, and more than half of all local families don't make enough money to afford such prices, and would need assistance. Per-square-foot prices for new construction have also soared in the last few years of a now cooling real estate boom.


Vanessa Arellano Doctor
Real Estate

Wednesday, March 26, 2008

Current Analysis Of Housing Market Trends In Ocala & Marion County

The central Florida city of Ocala, located in Marion County, is a lovely locale that includes wonderful rolling green terrain, splendid public parks and well-kept nature reserves like Silver Springs and the Ocala National Forest.

The county also has a healthy sprinkling of horse farms, historic districts that feature city streets canopied by 100-year-old trees, top-caliber golf courses, friendly and truly livable communities, clean and sparkling rivers and fresh-water springs as well. The area's subtropical climate also makes this county a perfect year-round vacation destination.

An Area Rich In Wonderful Natural Resources

It's a fact that many newcomers and tourists alike spend as much time as possible enjoying the outdoors, and this area is a community blessed with a treasure trove of cultural and natural resources. The county's mild climate allows its residents and visitors to enjoy a wide range of outdoor activities all year round.

The county offers a wide variety of outdoor sporting activities, with numerous public and private golf courses, tennis courts and recreation facilities that are closely located . Those who like basking in the great outdoors will truly enjoy the presence of many lakes, rivers, crystal clear springs and nature parks found throughout the area. For those wishing to go further, and spend some time in the beaches, the Florida coasts are just within 60 miles of the city's downtown area.

Current Home Inventory Levels

For Ocala, and the whole of Marion County as well, the area's housing inventory levels are still high , which refers to approximately a 12-month supply of homes, which is causing the price reductions to continue, however the reductions are starting to slow down by this time. With the housing market showing signs of hitting the bottom, and the mortgage slump affecting all aspects of this industry, market analysts are saying that now is the perfect time to purchase new homes, as interest rates are currently at one of their lowest levels.

New Home Construction Statistics

According to local property analysts, and county building officials, new construction starts are still slow at the moment, however, a number of property developers and builders are indicating that they are picking up the pace somehow.

Home builders are still offering great incentives to buyers, which could include paying your entire first years HOA fees,taxes and insurance, closing costs, and even offering free bonuses like large-screen TV sets, lawn mowers, & appliance upgrades and more, which makes it a perfect time to make a home purchase decision. To add, new home builders have also drastically reduced pricing on inventory homes, to make these inventories sell more quickly.

Figures On Home Resales

Home resales figures in the Ocala and Marion County area, are continuing to see increased activity in home resales, especially today hat prices have slid even further. Many home sellers now seem to realize that the prices of 2005 are history, and if they will not be aggressive in pricing their homes, they may truly be wasting their time and investment.

Some home sellers should take note that if they are not willing to go low on their prices, other sellers are, and the number of upgrades you have or how great your home looks, would be totally irrelevant if your asking price keeps buyers away. And with prices still sliding, staying put on their higher prices could end costing them up to thousands of dollars more in the end.



Vanessa Arellano Doctor

Monday, March 24, 2008

Ocala Real Estate: The Viability Of Buying Homes Here Today

The City of Ocala, located in central Florida, is a lovely area surrounded by lush greenery and offers scenic views of the countryside. The city is renowned for having the diversity and vitality of a much larger city.

The city has a truly wonderful history, and within its lovely historic district, visitors will find a neighborhood of charming tree-lined streets and well-preserved Victorian and Tudor homes. Throughout the city and in nearby suburbs as well are modern home development projects, which offer a wide array ranging from single-family homes, townhouses, apartments and condos.

Country Living with A Modern Twist

Many people have preferences for living in peaceful, quaint and less-stressful environments, and for those wishing to live the country life, Ocala and the whole of Marion County as well offers a lot of options for home buyers, from acquiring newly-completed country communities to lovely farm houses, horse farms, and large estates. Traveling to and from each district is quite comfortable, as the area's highway system makes outlying areas convenient to the city's central business and shopping districts.

Lots of new home construction is expanding the selection for newcomers and prospective home buyers. In this county, the trend in housing is tilting toward stylish gated communities, which feature elegant yet quite affordable custom-built homes. These communities, like Oak Run, On Top of the World, Ocala Palms, Lake Diamond, and in nearby Lady Lake, The Villages of Marion, and many more offer buyers a wider option of home designs and recreational amenities, as these villages have clubhouses, golf courses, pools, tennis courts, fitness centers, scenic walking trails, cafes and restaurants.

The wide array of home choices here, which range from single-family homes, condominiums, villas or patio homes are available, with newly-completed apartment complexes offering rental opportunities and have monthly rates starting at $570 and running to a high of $1,300 for upscale multi-room units. Houses here have prices ranging from $120,000 for a starter home to rural estates and horse farms that cost around $450,000 above. For standard three-bedroom, two-bath residence, these are likely to cost between $200,000 and $240,000.

How The Market Is Being Viewed Today

Although the area truly offers plenty of wonderful real estate options for home buyers, and has a lush and scenic countryside to add, the US housing slump has not spared this area from the hassles and tribulations brought about by the mortgage and credit downturn. According to some local industry observers, fewer than half of the families making the average income can buy the average home these days. In just six years ago, the the city and its environs were considered the second-most affordable place in the South for housing, and 10th-ranked in the US.

However, in 2006, Ocala ranked 41st in the southern region and 110 overall in the country. According to some observers, the steep fall and rapid decline in housing affordability affects the long-term viability of the county's economy, which most see as fully dependent on the middle and working classes, who are now being eased out of the local housing market and not easily being able to join the ranks of homeowners.

Among Florida's small and medium-sized housing markets, the city of Ocala reported higher sales of existing single-family homes in January 2008, reporting a total of 428 homes sold, as compared to 378 homes for the same period last year, which represents a 13 percent increase The median sales price also went up by 39 percent to $166,200.

According to the Ocala/Marion County Association of Realtors, many individuals are drawn to the area’s scenic beauty, relaxed lifestyle and friendly community. According to the local realtor's group, more people are coming up from South Florida where traffic and living conditions are much more congested, as they consider this area to be a gorgeous and truly livable location for retirees and new families.



Vanessa Arellano Doctor
Real Estate

Saturday, March 22, 2008

Ten Reasons You Should Invest In Ocala Real Estate

From traditional neighborhoods, gated subdivisions to sprawling retirement communities, those in search of a home hopefuly can find it all in Ocala, as well as throughout Marion County.

Districts like Silver Springs Shores and Marion Oaks, are older, more established residential communities, and are still experiencing robust growth. Other areas like Fore Ranch and Heath Brook are newer subdivisions. The southern portion of Marion County is also home to a selection of massive retirement villages, as well as other other gated communities and villages.

The Ocala/Marion County Building Department has noted that housing growth in the city and county as well has remained strong, ,and like most of central and south Florida, is being driven by the influx of new families and retirees, who are relocating from harsher and colder northern climates, as well as for the area’s growing employment opportunities.

The Indicators For Robust Growth Are In Ocala

According to local housing experts, most indicators that would enable a healthy local new home sale market are reflected in Ocala. These factors, such as low interest rates, lower cost of construction products and services, strong commercial construction activity, and baby boomers reaching retirement age. Overall, the housing sector is optimistic that the new home market in Marion County will be healthy over the next 12 to 24 months.

Ten Reasons Why You Should Invest In Ocala Real Estate

- Availability Of Affordable Housing

Ocala, as well as Marion County, offers many affordable housing programs for income eligible households, and these include the State Housing Initiative Partnership or SHIP and the Community Development Block Grant or CDBG for home purchase or rehabilitation outside of the city limits of Ocala. In Ocala, the CDBG Housing Rehabilitation Program, which uses federal funds, is among the programs offered to income eligible residents within the city limits.

- Wide Array Of Employment Opportunities

The slowdown in the housing, credit and construction sector has led to higher unemployment in recent months, with the jobless rate rising to 4.8 percent. However employment in the manufacturing and service sector has risen, and the result is an availability of job options.

- The City Has A Thriving Retail Sector

Ocala’s retail sector is expected to further grow. The new Market Street at Heath Brook mall is scheduled to open early next year, bringing new options to shoppers, including Dillards and Talbots. Paddock Mall, the county's first mall, is slated for a renovation and expansion in 2008, and newer centers are being developed nearby. A new shopping center, Berkshire Oaks, will add major retailers Kohl's and H.H. Gregg to the fold.

- Easy Access To Modern Medcal Facilities

Of the county's largest private-sector employers, two are in healthcare, three in retail sales, three in manufacturing, one in finance and one in support services. The Munroe Regional Medical Center is the county's largest single employer, with 2,427 employees, followed closely by Wal-Mart with 2,385. The proximity of the county health facilities to the city offers residents better, and convenient access to medical care.

- Presence Of High-Tech Industries

Ocala's high-tech industries are expanding too. Aircraft and tech firm Lockheed Martin continues to build missile control systems in its Ocala facility, and Intellon is expanding its line of integrated circuits into new products.

- Booming Tourism Market

As tourism continues to grow, the Ocala/Marion County Visitor and Convention Bureau recently authorized a feasibility study to determine whether the area can support a convention/meeting facility. New hotels have recently opened on both the east and west sides of Ocala. A new Holiday Inn Express opened near the Silver Springs attraction, joined by a Value Place extended-stay hotel nearby.

- The City Hosts A Number Of Housing Revents Each Year

Each year, several home events are hosted in Ocala to showcase potential home buyers to area builders. Two of the area's largest events are the annual spring Parade of Homes and the Fall Showcase of Homes. The Marion County Building Industry Association sponsors both events.

- Ocala Is The Horse Capital Of The World

Carl Rose, who made millions in the limestone industry, opened his Rosemere Farm just east of Ocala in the 1930s, However, it was men like Bonnie Heath and Jack Dudley that began breeding Triple Crown champions in Marion as early as the 1940s and 1950s. Today, Marion, as well as Ocala, proudly calls itself "The Horse Capital of the World" because of the hundreds of farms that raise dozens of equine breeds.

- The City Offers Many Educational Opportunities

There are many educational opportunities in Marion County, and these range from public and private elementary schools to colleges and university opportunities. Among them are Central Florida Community College, and its main campus on State Road 200 not only offers associate degrees, but also features a University Center where students can earn bachelor's and master's degrees through online classes at seven universities.

- Ocala Has A Vibrant Nightlife

The city has a healthy assortment of recreational, dining, and entertainment facilities. Whether you're looking to dance the night away, go have a few drinks with friends or just unwind, there are several nightspots here for individuals who are looking to have fun.



Vanessa Arellano Doctor
Real Estate