Home Values and Real Estate Trends in Alachua County 2010

You are reading the Dec 2010 Real Estate Report for Alachua County & Gainesville. The information in the report is through 11/30/2010. We take a look at home values, real estate trends, sales activity and the strength of the real estate market each month and share what we see with you. The report comes from information that local REALTORS® update in the local multiple listing service and won’t include every single transaction in the County.

Overview: Home Values and Real Estate Trends in Nov 2010

click here to read the full Report

Homes were on the market 6 months on average before they got a contract. Most of those sellers lowered their asking prices at least once before getting a contract. (Residential Properties sold for 94% of the asking price in November, and 88% of the original asking price.)

Prices are still moving but the changes have been much smaller in this year. The average price so far this year is only $2,600 less than last year – but the drop from 2008 to 2009 was $20k! ($213k in 2008, $192k in 2009, $189k year to date 2010)

For Sellers

There is a steady stream of buyers but they have a lot of choices. Over 100 homes a month are selling but there are almost twice that many going on to the market each month too.

Your home needs to make the best first impression it can – that means curb appeal and price. Don’t be surprised if you get low offers – many buyers are trying to find out your bottom line. Some buyers will move on if you don’t take a low offer and some will negotiate up from there.

For Buyers

Buyers are trying to find the best deal possible and it is easy to feel overwhelmed with so many homes on the market. Try narrowing down the list by only looking at homes with the features you want (fireplace, garage, fencing, etc.).

If you want the best deal on a home then don’t fall in love with one house, try to pick out 2 or 3 that will work for you. If you do that then you have a better chance of finding a bargain.

When you find a few homes that you like ask your agent to help you look at the last few sales in the area so you know if the asking price is reasonable before you pay for an appraisal.

There is no way to know what a seller will accept until you make your offer, but you can know if the home is a good deal or not.

Do you want us to help you?

If you want to know how this affects you we can help.

We can do the looking for you, and check out the details of the homes you are interested in. Contact us and let us know how we can help you.

Download the Full Report

The full report has stats on active, pending, and sold real estate for Nov 2010 and the year to date, as well as information on price trends, days on the market, and inventory supplies by price bracket.

Click Here to download the Gainesville & Alachua County Real Estate Report for Nov 2010. (Adobe PDF file)

How to Read It

The top of each page tells you what that page is about.
Near the top left of most pages you will find details for the current month – Nov 2010, Nov 2009, and Nov 2008.
Near the top right of most pages you will find the details for the entire year to date for 2010, 2009, and 2008.
Pages that are not set up that way may be comparing activity in Nov to previous Nov, or graphs comparing the 2010 real estate trends to market statistics going back up to five years.

Click Here to download the Nov 2010 Real Estate Report for Gainesville & Alachua County. (Adobe PDF file)