This is an update on real estate market activity in Town of Tioga for the first half of 2009. Town of Tioga is located in Jonesville (between Newberry and Gainesville) in Alachua Count, FL.
Recent Sales
6 homes have sold so far in 2009. The asking prices ranged from $326,324 (resale home) to $701,878 (new EG Gonzales home). The median selling price was $370,000 for a 4 bedroom 2 bath 2,100sqft home, on the market for 205 days and dropping their asking price by $30,000 to get a contract. The median selling price per square foot is $157, and ranged from a low of $143 to a high of $192.
For Sale Now
Homes for Sale in Town of Tioga
There are 27 homes for sale in Town of Tioga right now. The asking prices range from $330,000 ($150/sqft) to $1,168,860 $223/sqft). The median size home is 4 bedrooms and 3 baths with 2,700 sqft, it has been on the market about 3 months and is asking $163/sqft.
Click the photo to the left for details on all the homes for sale in Town of Tioga.
Absorption Rate
In 2008 this neighborhood had about 1.5 sales per month. At that rate there is an 18 month inventory supply.
Waiting to Close
One home has a contract and is going through the contingency period.
The owner was asking $319,900 (down from an original asking price of $447,500), which works out to $111 per square foot. That is pretty far below the asking prices for other homes on the market.
It had been on the market about 5 months before the contract came in. It is a 4 bedroom 2.5 bath home built in 1998 at 2,871 sqft.
Want Help?
We are here to help you, whether to give you updated information on what your home is worth or to assist you in coming up with a price to offer on your next home. Contact us here and we’ll be in touch ASAP.