Filed under: Uncategorized
The well regarded Standard & Poor’s Case-Shiller Home Price Index has rated Ocala, Florida, (SummerGlen’s location) as the 7th best housing market in America, based on projected growth for the next five years.
The data, published online by Business Insider, projects Ocala home prices will rise by an average of 10.1% annual over the period 2011-2016. According to Business Insider, “Erasing a nearly 50% decline in home prices will take awhile, but red hot 13% growth in 2012 will help get there. The market troughed in Q1 2011.”
If this projection holds true, this means that a SummerGlen home purchased today for $175,000 may have a projected market value of more than $210,000 by the end of 2012 and well over $250,000 within five years. Ocala and Lakeland, Florida, were the top two cities in the Sunshine State on the published list of 15 top performing markets for the next five years.
“This study by a well-regarded economic research firm reinforces our belief that right now is one of the best times ever to purchase a home at SummerGlen,” said Tom Eleazer, SummerGlen’s vice president for marketing and sales. “Our current prices from our suppliers are allowing us to keep our home prices at great values. Once demand for homes in the market starts to increases, these prices will almost certainly increase.”
Leave a Comment so far
Leave a comment
