Mentone Market Update
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.
Market Statistics for Turnberry Lake
Turnberry Lake just west of Gainesville Florida is one of the luxury subdivisions that have seen the brunt of the slowing real estate market. The last sale closed at $134/sqft.
Blues Creek Market Statistics
Because buyers are focusing on southwest Gainesville there have been fewer sales in Blues Creek and demand is lower than normal. As a result prices in Blues Creek are restrained. This provides an excellent opportunity for buyers to take advantage of the market.
Longleaf Village Sales Update
Longleaf Village is still one of the most active new home developments in Gainesville, FL. Since our last look at Longleaf Village in June , we see that 25 sales have occurred. They are spread out between new homes and resale of existing homes (which are all fairly...November 2009 Real Estate Statistics
November saw a lot of contracts closing, and a steady stream of activity for future sales (like new contracts and new listings). There was a 2% increase in residential sale prices and we have seen an overall stabilization there for several months now.