The number of sales was up in March and the average sale price is also up! Buyers have a lot of homes to browse through to find the right one. Sellers have put their homes up for sale en-masse. If you qualify for the $8,000 or $6,500 tax credits you have until APRIL 30 to sign a contract, and you have to close by JUNE 30. Ready-set-go!
There are fewer short sale homes closing in 2010 than in 2009. Three of the sales in March were larger than 3,000 square feet.
We normally see a drop in the number of sales and a small increase in prices for January, which is true again this year (the average sale price for homes went up by about $5k). The good news is that the number of home sales increased by about 15% compared to Jan a year ago while the number of condo sales increased by 77% to 16 sales.
With high to very high absorption rates it is certainly a buyer’s market, and so most buyers expected to find amazing deals. Sometimes they were happily surprised, and sometimes they were faced with the reality that certain segments of the Alachua County Market were actually doing a brisk business.