I took a look at home sales along Millhopper Road in NW Gainesville this week (aka NW 53rd Ave). One thing that stood out is the performance of luxury homes in the area.
There were 6 large luxury homes in this area that sold in the last 6 months. That is an impressive concentration, and it shows that Millhopper Road is a hot area even in a cool market. (There have been 50 sales in all of Alachua County during the same time frame). There are 9 homes on the market as I am typing this. There is about 9 months of inventory at the current absorption rate.
It’s easy to understand why the area is so desirable if you have ever driven down Millhopper road or spent time at San Felasco Hammock Preserve State Park.
What’s the Bottom Line?
These homes averaged about 4,000 square feet and 10 years old. The median sale price was $632,500 after only 115 days on the market ($155/sqft).
|Address||Size||Built||Beds||Full Bath||Half Bath||Neighborhood||Sell Date||Sell Price|
|4812 NW 58th ST||3,660||2003||4||3||1||Millhopper Forest||18-Jun||$554,500|
|5828 NW 72 ST||3,829||1998||4||3||1||Woodfield||22-Jun||$560,000|
|6427 NW 81st BLVD||3,909||1998||5||4||0||San Felasco Estates||25-May||$615,000|
|4906 NW 65th WAY||4,394||1998||5||3||2||Thornehill||14-Jun||$650,000|
|8452 NW 62nd LN||3,936||2006||4||4||1||San Felasco Estates||28-May||$694,750|
|6731 NW 81st BLVD||4,718||2004||5||4||1||San Felasco Estates||21-May||$760,000|