25 Biggest Price Drops Last Week – July 18th

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

143 Alachua County & Gainesville real estate listings had price reductions in the MLS system last week, down from 174 the prior week.  (Changes for 7/12/09 – 7/18/09)

Biggest Drops

The homes for sale that made this week’s list range from a breath-taking Barry Bullard Parade home in Wilds Plantation (now asking $799,000) to a condo in Rockwood Villas (asking $130,000)

The largest price reduction is for MLS 302866, a 60 acre property near LaCross.  After dropping their asking price by $176,000 they are now asking $699,000 for 60 acres with three buildings on the property.  That puts the asking price for the land between $11,000 and $8,000 depending on the value you attach to the improvements.

Under $200,000

7 homes for sale under $200,000 made the list this week.  1 of them is a short-sale in High Springs, 2 more are short sales in Gainesville, and 1 is the condo mentioned above.  Excluding the condo they average over 2,200 sqft with 4 bedrooms and 3 baths, built in 1979.

Under $400,000

11 homes are asking between $200,000 and $400,000.  All but two of these listings are in the City of Gainesville.  Overall they average 3 bedrooms,  baths, and one half bath in over 2,700 square feet of living space.

Under $600,000

3 homes are asking between $400,000 and $600,000.  Two of them are in Gainesville and one is between Alachua & Gainesville.

The home for sale in Oak Ridge Crossing is actually one of our own listings, so I wanted to give it special mention here.  The owners just authorized a $30,000 price drop (down to $485,000)  so it is worth a fresh look.  The home is concrete block and was built in 2006.  There are 4 bedrooms and 3 full baths, in addition there is a large office, formal dining room, and large garage.  The home is on 10 acres, which is mostly cleared and they have 3 horses on it at the moment – so it has many of the features that make life with horses easier (like water run out to the pasture).

Over $600,000

4 homes on the list are asking more than $600,000.   One is near LaCross and is mentioned above.   The others are luxury homes in Gainesville.  They are all extravagant homes – averaging 4 bedrooms and 4 baths with more than 4,000 square feet to stretch out in.  They each have their own special feature, such as golf course views.

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Overview

Our MLS system won’t keep the link above alive forever, so here is an overview of the properties:

MLS #    Street Address    City    SqFt    Price Reduction
303836    911 SW 57 TERR    Gainesville    1,370 $130,000 $(22,000)
305503    20688 NW NW 252 ST    High Springs    2,115 $150,000 $(40,000)
301483    3707 NW 66th PL    Gainesville    2,394 $185,000 $(34,000)
304899    1603 SW 56th PL    Gainesville    2,400 $185,000 $(27,000)
304638    1603 SW 56th PL    Gainesville    2,400 $185,000 $(27,000)
300674    4014 NW 14 ST    Gainesville    2,359 $199,900 $(30,100)
305656    4730 NW 25 DR    Gainesville    2,063 $199,900 $(24,600)
303581    3805 SW 4 PL    Gainesville    2,651 $229,000 $(20,900)
302682    100 SW 79th DR    Gainesville    2,361 $245,000 $(33,000)
302020    9418 SW 39th AVE    Gainesville    2,132 $264,900 $(34,100)
301222    20536 NW 20th TERR    Lacrosse    2,497 $275,000 $(25,000)
305308    511 NW 80 BLVD    Gainesville    2,703 $275,000 $(24,000)
301740    8915 SW 92nd LN    Gainesville    2,751 $299,000 $(40,900)
305576    3063 SW 98 DR    Gainesville    2,274 $299,900 $(39,100)
299766    14426 NW 83rd LN    Alachua    2,304 $299,900 $(25,100)
299673    8429 SW 8th PL    Gainesville    2,000 $299,999 $(29,001)
296204    13710 NW 56th AVE    Gainesville    5,630 $395,000 $(25,000)
299820    1414 SW 115th ST    Gainesville    2,900 $399,999 $(39,901)
304910    14258 NW 31st AVE    Gainesville    2,745 $409,000 $(28,500)
305491    2778 SW 92 DR    Gainesville    2,723 $429,900 $(29,100)
305233    12689 NW 150th TERR    Alachua    2,585 $485,000 $(30,000)
302886    2912 NW 142nd AVE    Lacrosse    1,488 $699,000 $(176,000)
304433    6125 SW 35th WAY    Gainesville    4,430 $685,000 $(64,000)
299115    8606 SW 40th AVE    Gainesville    4,022 $749,000 $(46,000)
301682    3774 SW 103 ST    Gainesville    3,687 $799,000 $(36,000)