Mentone has had some activity this year.
Any Action Today?
There are three homes waiting to close (after inspection and other hoops are jumped through). Their heated and cooled spaces were between 1,545 and 2,347. They were built between 1997 and 2003.Their closing prices ranged between $189,900 to $244,000. Average they sat on the market was only 86 days.
We won’t know their selling prices until the closings happen, hopefully within about a month.
Selling in 2011
There were eight homes that closed so far this year in Mentone.
Their heated and cooled spaces ranged between 1,366 to 2,508. They were built between 1998 and 2001. They were asking between $174,900 and $249,000. The average they sat on the market was 177 days.
What’s for Sale Now?
There are seven homes listed for sale.
Their heated and cooled space range from 1,433 to 2,911. They were built between 1996 to 2004.
They are asking between $168,000 to $335,000. Average days on the market is 68.
What Does it Mean?
There is about a 6 month supply of inventory in Mentone. That means it is almost a balanced market in this small corner of the Gainesville market (not a buyer’s or a seller’s market). However, overall the area is in a buyer’s market and that is keeping the market action index (mai) on the buyer’s side.
If you have to sell your home Mentone is a good place to do it. Make sure you have it looking beautiful and priced well, and plan on marketing your home for 6+ months (based on neighborhood averages)
Activity in the Whole Zip Code