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This is an analysis of real estate homes sales activity in Blues Creek, a subdivision in NW Gainesville, FL in Alachua County.  The report excludes the smaller patio homes that are available in “The Gardens”.

Click here for a map of the area.

Blues Creek

Homes for sale in Blues Creek - Click to see

Recent Sales in Blues Creek

Two homes have sold so far in 2009, both in June.  No homes are currently in a contract.

Our company sold one of them, in 91 days for $107/sqft and the other sold after 289 days for $128/sqft.

These homes sold for 94% of what they were asking when they got an acceptable offer, but the owners had dropped their asking prices by an average of $50,000 before then.  The ratio of selling price to original asking price for these two homes is 85%.

Homes for Sale in Blues Creek

There are 8 homes for sale in Blues Creek, 2 of them are short sales.  (Click here for an explanation of what a Short Sale is.)

They range from $250,000 to $375,000 and from 2,166 sqft to 2,701 sqft – which works out to a range of $97/sqft and $107/sqft for the short sales to $118/sqft to $139/sqft for the standard style sales.  They have been on the market for an average of 156 days.

Blues Creek

Click for VTour of our listing in Blues Creek - $256,650

The short sales have reduced their prices by $95,000 on average and the regular sales have reduced their prices by $26,000 on average

To see the specifics on all the homes for sale in Blues Creek just click on the photo in this section.

Here is a Vtour for the one that we have listed.

Absorption Rates

With two sales in the last 11 months Blues Creek homes are selling at the rate of .18 per month… at that rate it will take 44 months to sell all the homes for sale in Blues Creek at the moment.

Our examination of market conditions looks at the neighborhood as a whole. If you would like information grouped in another manner feel free to contact us!

Based on information from the Gainesville-Alachua County Association of REALTORS or its Multiple Listing Service for the period 10/11/09 – 10/17/09. 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.