You are reading the June 2010 Real Estate Report for Alachua County & Gainesville. We take a look at 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.
Click Here to download the June 2010 Real Estate Report for Gainesville & Alachua County.
As expected, sales activity for condos and single family homes in June continues to be high. The extension of the closing deadline for the home buyer tax credit will allow those in a contract but unable to close by 6/30 to continue pushing forward to buy their homes.
The average price for residential real estate in Alachua County is up by $2k year to date 2010 compared to year to date 2009, and is up $1k June 2010 compared to June 2009. June sales closed for 89% of the ORIGINAL asking price on average.
Pending sales for single-family homes are up again from May 2010 and just below June’s activity levels last year: 116 units in June 2010 and 125 units June 2009.
Pending sales for attached homes are steady compared to prior years and down from May. 40 units went under contract in June 2010 and 41 in May. This is a significant amount of activity because since Jan 2009 we have only seen an average of 30 units pending each month. On the flip side there is twice that quantity of condos coming up for sale each month.
Vacant land is the slowest segment of the market, with only 50 closed sales YTD. 13 properties pended in June while 74 more came up for sale.
Over the last few months there has been a peak in new listings, which has caused our inventory to increase by several months of supply. There is no doubt that this is still a buyer’s market.
The full report has stats on active, pending, and sold real estate for June 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 June 2010. (Adobe PDF file)
How to Read It
Click Here to download the June 2010 Real Estate Report for Gainesville & Alachua County. (Adobe PDF file)
- The header of each page tells you what information is being reported on that page.
- At the top left of most pages you will find details for June of 2010, 2009, and 2008.
- At the top right of most pages you will find the details for the entire years of 2010, 2009, and 2008.
- Pages that are not set up that way each have specific information comparing activity in June to previous June, or graphs comparing the 2010 market activity going back up to five years.
Interested in Past Reports?
Based on information from the Gainesville-Alachua County Association of REALTORS or its Multiple Listing Service. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.
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.