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the real estate market is cool in this neighborhoodThe Real Estate Market in Capri is COOL

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.

Poolside at Capri NW GainesvillePrices in Capri

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.

Want a current list of homes for sale in Capri? Just email us