Haile Plantation: Market update for homes 2,700 sqft or larger

This is a real estate market analysis for Haile Plantation, a subdivision in Gainesville Florida between West Newberry Road and SW Archer Road and West of I-75 in Alachua County.

Our examination of market conditions in Haile Plantation is broken into quarters, based on home size.   We feel that this is the best way to group similar homes.

If you would like information grouped in another manner feel free to contact us!

Haile Plantation homes for sale

Homes on the Market

There are 20 homes for sale that are 2,700 sqft or larger.  The average statistics for these homes are:

To see all the specifics on the homes for sale in Haile right now just click on the house photo.

Recent Activity

2 homes sold so far this year:

Southgate – 2,910 sqft – 3/2.5 – built 1997 – 256 days to sell – on 1 acre – $400,000 ($141/sqft)
Katelyn Lane – 2,870 sqft – 4/3 – built 2001 – 126 days to sell – $450,000 ($167/sqft)

Historical Trends

Traditionally larger, more expensive homes take longer to sell.  In the past, 4 to 5 months was a normal time-frame to expect.  In 2006 that dipped down to 3 months and so far in 2009 the average has been just over 6 months.  (That doesn’t mean that all homes will sell in that length of time, many that never sell are on the market much longer before they are removed.)

Sale prices for Haile Plantation homes over 2,700 sqft peaked in 2007 at an average of $688,000 ($182/sqft) while the price per square foot peaked in 2006 at $185/sqft (average selling price $652,000).

In 2008 the average sale price dropped from 2007’s peak only slightly to $666,000 (an unfortunate number), while time to market didn’t increase by much.  However, the size of the homes that sold has been increasing, resulting in a reduced cost per square foot sold – only $169/sqft in 2008 and averaging $147 so far in 2009.

There were 30 homes that didn’t sell in 2008.  They were apx 130 sqft smaller on average and were offered at about the same price, which works out to a higher cost per square foot – $180/sqft compared to $169/sqft.

Market stats for Haile Plantation - click for larger image

Diversity

One of the great things about Haile Plantation is that there is so much diversity in the neighborhood – there are brand new homes and older homes, cottages and manors, the rich and the average.  As a result it’s misleading to lump everything together to talk about the market.  Don’t worry – we have a plan!  Below is an analysis of Haile in whole, but there is a also a separate analysis published for each quarter of Haile Plantation as broken out by HOME SIZES (click below to read details for each segment).