There are some seriously promising market stats for buyers in Bellechase, so, let’s check in with this beautiful neighborhood and see what it’s all about. It is a private, gated community in the heart of Ocala and is home to some of the most magnificent homes in town. Lot sizes start at a 1/4 acre and only go up from there, and home prices typically range from $300,000 to $1.8 million. The neighborhood not only boasts beautiful homes, but an absolutely stunning landscape, as well. The natural beauty of Florida’s foliage is evident throughout the community, with plenty of space for paved walkways allowing residents to enjoy the surroundings.
With only 1.7 homes selling per month on average and 28 homes currently on the market, inventory is high at 16.8 months. With six months of inventory representing a balanced market and greater than six months indicating a buyer’s market, it is evident that we have a buyer’s market on our hands here.
Furthermore, there has been a steep decline in the average sales prices of homes in Bellechase, averaging just over $500,000 over the past 12 months but only $298,000 over the past three months.
The drop in sales price can be attributed to the mirrored drop in the average price per square foot, where the price was just over $150 per square foot for the past year but only $105 for the past three months.
More good news for buyers lies in the average seller discount. There has been a major increase in the seller discount over the past three months—almost four times what it was averaging over the past twelve months. An average discount over 15% off the list price is excellent news for buyers, and all the more reason for those on the hunt for a new home in Ocala to check out Bellechase!
