Single family and condo/townhouse median sales prices continue to rise

According to a report recently released by Florida Realtors Association, the statewide median single-family sales price for homes in January rose another month to $375,000, up from $305,000 the previous year.  Townhouses and condo media sale prices statewide rose to $285,000 up from $230,000 the previous year.

Cash sales for single family homes statewide continued to be high at 33.2%, suggesting high investor activity according to the economists cited in the association’s report.  Cash sales can often be a sign that investors are participating in the market since they are more likely to have funds to purchase a home up front, whereas typical homebuyers must seek financing.

In the same report, Ocala/Marion County’s December median sale price for single family homes was $254,450, up from $189,000 just a year before.

Out of the twenty-two metropolitan areas monitored in the association’s report, Ocala/Marion County median single family home price had the second highest percentage year over percentage increase at 34.6%, second only to Sebring in Highlands County at 36.1%.

The townhouse and condo market in the Ocala/Marion County also had a significant increase, with a median sales price of $170,000, up from $130,000 the previous year.

Here is how Ocala/Marion County’s median single family home prices compared to the other metropolitan areas:

Here are the median prices by metropolitan statistical area:

— Naples-Immokalee-Marco Island: $722,500

— Miami-Fort Lauderdale-West Palm Beach: $515,000

— North Port-Sarasota-Bradenton: $470,000

— Cape Coral-Fort Myers: $413,500

— Crestview-Fort Walton Beach-Destin: $410,000

— Orlando-Kissimmee-Sanford: $389,990

— Port St. Lucie: $375,000

— Tampa-St. Petersburg-Clearwater: $366,000

— Sebastian-Vero Beach: $355,500

— Punta Gorda: $353,000

— Jacksonville: $352,750

— The Villages: $352,500

— Panama City: $330,000

— Palm Bay-Melbourne-Titusville: $325,000

— Deltona-Daytona Beach-Ormond Beach: $320,000

— Lakeland-Winter Haven: $310,000

— Pensacola-Ferry Pass-Brent: $300,000

— Tallahassee: $299,500

— Gainesville: $295,000

— Homosassa Springs: $255,000

— Ocala: $254,450

— Sebring: $244,950m.