Is it Still a Buyer’s Market in Capri?
The short answer is Yes
The Long Answer
There is a year’s worth of inventory in Capri right now.
Capri had 8 sales in the last year, and there are 8 homes on the market now. (That means there is at least 12 month supply of inventory.)
Anything above a 6 month supply of inventory is considered a buyer’s market, so this means it is definitely a buyer’s market.
Homes that sold in the last year ranged from a low of $104,000 to a high of $199,000.
Median sold price per square foot was $87/sqft (Max $105/sqft and Min $70/sqft)
There were only one short sale and one foreclosure sale, so distressed properties are a part of this market just like any other – but not a significant part.
Asking prices are quite a bit higher than that, which is one explanation for how long some of these homes have been on the market. A few owners are asking to sell in the $95/sqft range but several are asking well above $100/sqft
Capri is a subdivision in NW Gainesville, north of the intersection of NW 34th Street and NW 39th Ave.