25 Biggest Price Drops Last Week – September 19th

This is your update on the largest price changes on homes for sale in Gainesville & Alachua County.

101 Alachua County & Gainesville real estate listings had price reductions in the MLS system this week, slightly more than the 81 we saw last week. (Changes for 9/13/09 – 9/19/09)

Biggest Drops

link to Sawbuck Home, photo by Gainesville360

link to Sawbuck Home, photo by Gainesville360

The largest price drop this week may also be on the largest home on the market in Alachua County.

The owners of this 11,036 sqft home in Sawbuck reduced their asking price by $750,000 last week.  (The home is now offered for $1.6 million.)

The virtual tour shows an impressive brick home with extensive and elaborate wood work.

Observations

25 Largest Price Reductions

click for the 25 Largest Price Reductions

I showed the house at 6610 NW 30 Terrace to a customer this weekend.

It is a foreclosed home but seemed to be it is in fairly good condition (they are often gutted and beat-up).  It is listed at only $119,900 now – reduced last week by $80,000. There are some finishing details that need work, but the back yard is beautiful and the pool area is so inviting.

Of the remaining homes, 7 of them are short sales, so it’s possible that a full price sale might not close (the mortgage holders have to approve taking a loss on the loan).

Overview

Click here for details & photos of these properties.

MLS #
Street Address City Neighborhood Size Price Reduction
305443 113 NW 114 WAY Gainesville Sawbuck 11,036 $ 1,600,000 $ (750,000)
308144 6610 NW 30 TERR Gainesville Northwood Pines 1,311 $ 119,900 $ (80,000)
296273 * 5138 NW 58th ST Gainesville Cottages: Millhopper Forest 2,940 $ 395,000 $ (54,000)
306984 * 3701 NW 17 LN Gainesville Northwest Ests 3,402 $ 199,990 $ (49,910)
304243 * 2147 NW 86th TERR Gainesville Weatherly 1,778 $ 205,000 $ (44,000)
306035 530 NE 5th AVE High Springs Whetstone Estates Addn 4,241 $ 299,900 $ (40,000)
307713 339 SW 132nd TERR Newberry Town Of Tioga 3,272 $ 597,000 $ (37,900)
296204 13710 NW 56th AVE Gainesville Millhopper Road Ests 5,630 $ 360,000 $ (35,000)
300969 20629 NW 250th ST High Springs River Run Plantation 2,037 $ 269,000 $ (30,000)
306851 9719 NW 187 TERR Alachua None 2,042 $ 289,900 $ (30,000)
298656 6925 NW 121st AVE Alachua BrandyGlen 2,356 $ 299,900 $ (25,100)
306799 24905 N State Road 121 RD Alachua None 1,644 $ 240,000 $ (25,000)
302469 * 9118 SW 49th PL Gainesville Haile, Village Center 2,522 $ 299,900 $ (20,000)
303044 2825 NW 21st AVE Gainesville Meadows 4,038 $ 329,000 $ (20,000)
305623 * 312 NW 232nd TERR Newberry Newberry Oaks 1,816 $ 169,900 $ (20,000)
305963 4314 NW 93rd AVE Gainesville None 3,588 $ 179,900 $ (20,000)
305981 6421 NW 42 RD Gainesville Summer Creek 2,285 $ 230,400 $ (19,500)
307093 12108 SW 5th AVE Gainesville Parker Road 1,772 $ 179,900 $ (19,100)
297708 21026 NW 167th PL High Springs Edgemoor 2,900 $ 324,900 $ (15,000)
302086 * 17489 NW 239th TERR High Springs Southside Terrace 792 $ 114,900 $ (15,000)
302841 3653 NW 60th PL Gainesville Mile Run Vista Palms 1,541 $ 214,900 $ (15,000)
304499 7652 SW 85th Drive DR Gainesville LongLeaf 1,637 $ 209,900 $ (15,000)
305469 2015 NW 89th DR Gainesville Chelsea Lane 2,761 $ 374,900 $ (15,000)
307080 1215 SE 17th TERR Gainesville Lincoln Estates 1,330 $ 45,000 $ (15,000)
307625 * 10000 SW 52 AVE Gainesville Haile, The Links 1,369 $ 179,900 $ (15,000)

*This home is a ’short sale’, click here to learn what that means.

About Kathleen Seide

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