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 18 homes available for sale right now between 2,150 and 2,700 sqft. The average statistics for these homes are:
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Size
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2,421 sqft
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Bedrooms
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4
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Baths
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3
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Original list price
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$397,000 ($164/sqft) |
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Current list price
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$382,000 ($158/sqft)
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Market Time
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146 days
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To see all the specifics on the homes for sale in Haile right now just click on the house photo.
Recent Activity
3 homes have sold so far this year, with an average asking price of $388,000 and an average sale price of $330,000 ($128/sqft). One home for sale was in poor condition and I believe it is skewing this number – it is in The Preserve and sold for $89/sqft. By removing it the average sale price increases to $388,000 ($147/sqft).
Even when comparing the adjusted average of $147/sqft there is a fairly large gap between the asking and actual sale prices of homes in this segment. The buyers and sellers don’t seem to agree on value for these homes, so it’s not surprising that there are no pending sales at the moment.
Historical Trends
This segment of the market tends to have the highest number of sales in Haile Plantation – 34% of the sales in 2008 were homes in this quarter of the market. Prices peaked in 2006 with an average selling price of $404,000 ($165/sqft) and had dropped $34,000 to a 2008 average of $370,000 ($147/sqft). So far the prices in 2009 are maintaining that level at $147/sqft.
The time it takes to sell these properties hasn’t increased by very much, in 2006 it took about 4 months to sell a home and in 2008 it to an average of 5 months. So far in 2009 it has jumped up a lot – to 184 days – but since there are only 3 data points we’ll wait to judge the trend here.
The homes that didn’t sell were on the market much longer – in 2008 18 homes made an unsuccessful attempt to sell. They were on the market 7.5 months before they were removed, they were asking $390,000 when they went off the market ($159/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).
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All segments, excluding condos
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up to 1,600 square feet
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between 1,600 and 2,150 square feet
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between 2,150 and 2,700 square feet
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2,700 or more square feet
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