Mentone is a well established neighborhood and the location is very desirable because it is so very close to UF and Shands. Yet it is far enough away from busy Butler Plaza to enjoy the peace and quiet of Gainesville. Many Resident Physicians gravitate to this southwest area, giving it an extra little boost of sales activity each year in the spring.
What’s for Sale?
There are 7 homes on the market right now
The square foot of these homes ranges from 1,329 to 2,174 and they were built between 1996 to 2003.
The average days on the market these sellers have experienced is 104, and the average asking price per square foot is $133.20
There were 12 sales in the last 6 months.
The homes closed out from $181,050 to $261,000. The square foot range was 1,546 to 2,266 and the years these were built ranged from 1997 to 2003. The closed price per square foot averaged to be $122.17.
How’s the Market?
The market is stabilizing. The average price per square foot of the homes sold in June 2009 was $120 and now it is $123. This area is in demand and that has caused a slight increase in prices for the second half of the year.
Read our May 2008 report: May Market Update