Now that Christmas is almost here, Realtor.com has ranked the HOTEST Real Estate Markets in November. The temperatures may be dropping but California real estate is hot, hot, hot scoring 12 of the top 20 spots with San Francisco as #1. The good news for the rest of the country is trends always seem to start in California and move eastward. This bodes well for our local market in 2016!

Take a look at our local market trends for November:

Gainesville FL Real Estate Market Trends in November  2015

The Gainesville FL area single family home sales saw new listings increase by 4.69% for the month when compared with November 2014 numbers.  Sold listings decreased by 1.8% and pending sales increased by 20.38%. The average sales price increased by 16.3% to $200,025 and market times dropped by 25 days.

Gainesville Area
Single Family
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
November 
2015
223 189 164 $200,025 138
November  
2014
213 157 167 $189,186 163

The Gainesville FL area Condo home sales saw new listings increase by 25% for the month when compared to November 2014 numbers.  Sold listings decreased by 31.48%, and pending sales decreased by 20.75% compared to November 2014.  The average sales price increased by 0.34% to $100,205, and market times decreased by 28 days or 18.3%.

Gainesville
Area Condo
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
November  
2015
55 37 42 $100,205 125
November 
2014
44 54 53 $99,865 153

For the latest Gainesville FL real estate market conditions in your area, please call me at 888-424-8841 or visit MyGatorCondo.com.