Real Estate Trends in Alachua County – April 2010
A look at the local real estate market, for Gainesville FL and Alachua County. Stats on home sales, new listings, pending contract, average prices, average DOM, and much more!
A look at the local real estate market, for Gainesville FL and Alachua County. Stats on home sales, new listings, pending contract, average prices, average DOM, and much more!
The number of sales was up in March and the average sale price is also up! Buyers have a lot of homes to browse through to find the right one. Sellers have put their homes up for sale en-masse. If you qualify for the $8,000 or $6,500 tax credits you have until APRIL 30 to sign a contract, and you have to close by JUNE 30. Ready-set-go!
We normally see a drop in the number of sales and a small increase in prices for January, which is true again this year (the average sale price for homes went up by about $5k). The good news is that the number of home sales increased by about 15% compared to Jan a year ago while the number of condo sales increased by 77% to 16 sales.
The homes on our list this week are larger than usual, averaging 2,517 square feet with 3 bedrooms and 3 baths. The average price reduction was $32k with the largest reduction at $100,000 and a minimum $17k to make it on the list this week.
With high to very high absorption rates it is certainly a buyer’s market, and so most buyers expected to find amazing deals. Sometimes they were happily surprised, and sometimes they were faced with the reality that certain segments of the Alachua County Market were actually doing a brisk business.