Somewhere Over the Rainbow
May 13, 2019
Just west of Ocala, nestled in the heart of horse country and surrounded by lush green hills, lies Rainbow Springs Country Club. This community offers single-family custom homes surrounded by nature including various outdoor activities. If you’re seeking adventure, Rainbow Springs has tennis, swimming, canoeing, and kayaking along with a private riverside park and beach to relax on.
Currently, Rainbow Springs has 41 listings with an average listing price of $217,999. Listings range from a high of $449,900 to just $88,000. Over the past year, 85 homes have sold at an average of $181,986.
The average sold price of the current listings is $218,000, slightly higher than the overall average sold in this community. Over the past three months, Rainbow Springs has seen an increase in homes sold, climbing from a yearly average of 7 to 9.7 homes sold per month.
Compared to Dunnellon and Marion County, Rainbow Springs Country Club has less monthly inventory at just 5.9 months of inventory. Dunnellon is averaging 7 months of inventory while the county averages slightly less at 6.3 months.
The average seller discount has also increased over the past three months to 3.94%, suggesting this market may be heading towards a buyer’s market in the near future. Check out the available inventory today before it’s too late!