Gainesville FL Real Estate Blog

Subscribe to our Blog
Enter your email address:

Entries Tagged as 'Market Trends'

Gainesville FL Real Estate Market Trends – October 2016

November 18th, 2016 · No Comments

mortgage rates

Is Now a Good Time to Buy a Home?

With historically low mortgage rates and steady job gains among young adults, all the pieces are coming into place for homeownership rates to rise.

  • In the third quarter of 2016, 71 percent of people believe that now is a good time to buy a home. Forty-three percent believe that strongly, up from 42 percent in Q2 2016.
  • Only 29 percent of people believe that now is not a good time to buy a home.
  • Across all groups surveyed, the majority feel that now is a good time to buy a home.
  • Three in four people who currently own a home, those over 45 years of age, those with incomes over $50,000, and those in the Northwest, Midwest, and South believe that now is a good time to buy a home, which is consistent with Q1 and Q2 2016. 

Take a look at how many folks bought homes in our market last month…

Gainesville FL Real Estate Market Trends – October 2016

The Gainesville FL area single family home sales saw the average sales price increase by 10.54% when compared to October 2015.  The numbers of new listings decrease by 10.2% and pending sales decreased by 17.43%.  While sold listings saw an increased of 9.18% and market times dropped by 7 days.

Gainesville Area
Single Family

New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
Oct 2016 264 180 202 $232,963 124
Oct 2015 294 218 185 $210,739 131

The Gainesville FL area Condo home sales saw the average sales price increase by 21.3% when compared to October 2015.  New listings decrease by 20.98% and pending sales decreased by 19.56%. While sold listings increased 2.17%and market times dropped by 92 days or 46.34%.

Gainesville
Area Condo
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
Oct 2016 49 37 47 $106,734 107
Oct 2015 62 46 46 $87,988 199

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

Tags: Area Info · Buyer Info · Market Trends · Real Estate

Gainesville FL Real Estate Market Trends – Sept 2016

October 26th, 2016 · No Comments

mortgage rates

Freddy Mac reports that mortgage rates staying low. Here are the national averages for mortgage rates during the week ending Oct. 6:

  • 30-year fixed-rate mortgages: averaged 3.42 percent, with an average 0.5 point, unchanged from last week. A year ago, 30-year rates averaged 3.76 percent.
  • 15-year fixed-rate mortgages: averaged 2.72 percent, with an average 0.5 point, also unchanged from last week’s average. Last year at this time, 15-year rates averaged 2.99 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.80 percent, with an average 0.4 point, dropping slightly from last week’s 2.81 percent average. A year ago, 5-year ARMs averaged 2.88 percent.

With rates like this, is it time for you to buy a home? If so, just hit reply to get started!

Take a look at how many folks bought homes in our market last month…

Gainesville FL Real Estate Market Trends – September 2016

The Gainesville FL area single family home sales saw the number of new listings decrease by 4.90% when compared with Sept 2015 numbers.  Pending sales decreased by 10.90% while sold listings decreased by 4.22%. The average sales price decreased by 14.29% and market times dropped by 19 days.

Gainesville Area
Single Family
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
Sept 2016 252 188 203 $228,359 118
 Sept 2015 265 211 213 $198,966 137

The Gainesville FL area Condo home sales saw new listings decrease by 16.66% when compared with Sept 2015 numbers.  Pending sales increased by 24.32% while sold listings increased 23.80%. The average sales price increased by 15.82% and market times dropped by 12 days or 12.35%.

Gainesville
Area Condo
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
 
Sept 2016
55 46 52 $107,537 105
 
Sept 2015
66 37 42 $92,841 119

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

Tags: Area Info · Buyer Info · Market Trends · North Central Florida Real Estate · Real Estate · Seller Info

Gainesville FL Real Estate Market Trends – August 2016

October 12th, 2016 · No Comments

home improvement

Being a homeowner means that your home is yours – even the things that need fixing. Is a faucet leaking? Are floor boards squeaky? Is a light-switch not working? Those issues are all yours to tackle. But what projects can you do yourself and what ones require the help of a trained professional? Taking on projects yourself can save you time and money. But taking on the wrong projects can lead to unending amounts of stress or end up costing you more money than if you had hired someone in the first place. NAR’s consumer website, HouseLogic.com, lets you know which projects need a seasoned hand and a beginner can undertake.

Take a look at how many families decided to become homeowners in our local market in August…

Gainesville FL Real Estate Market Trends – August 2016

The Gainesville FL area single family home sales saw the number of new listings increased by 10.11% when compared with August 2015 numbers.  Pending sales decreased by 18.91% while sold listings increased by 11.11%. The average sales price increased by 8.41% and market times dropped by 9 days.

Gainesville Area
Single Family
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
August 2016 283 180 280 $230,340 123
 August 2015 257 222 252 $212,459 132

The Gainesville FL area Condo home sales saw new listings decrease by 14.03% when compared with August 2015 numbers.  Pending sales increased by 9.80% while sold listings increased 2.43%. The average sales price increased by 10.08% and market times dropped by 103 days or -50.25%.

Gainesville
Area Condo
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
 
August 2016
49 56 84 $103,175 102
 
August 2015
57 51 82 $93,724 205

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

Tags: Market Trends · North Central Florida Real Estate · Seller Info

Gainesville FL Market Trends Report – July 2016

August 26th, 2016 · No Comments

GAINESVILLE FL MARKET TRENDS

houses

Fifty-two percent of home owners say now is a good time to sell in their neighborhood. This is up from 34 percent who said so last year, according to a survey conducted by the real estate brokerage Redfin.

What’s more, 58 percent of home owners believe sellers have more power than buyers in the market right now. Redfin researchers note this is nearly the highest level of seller confidence they’ve recorded.

Take a look at how many sellers successfully sold their homes in July…

Gainesville FL Real Estate Market Trends – July 2016

The Gainesville FL area single family home sales saw the number of new listings remained the same when compared with July 2015 numbers.  Pending sales decreased by 23.10% while sold listings decreased by 13.37%. The average sales price increased by 14.92% and market times dropped by 0.41%.

Gainesville Area
Single Family
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
July 2016 324 213 298 $235,960 111
 July 2015 324 277 344 $205,318 112

The Gainesville FL area Condo home sales saw new listings decrease by 2.70% when compared withJuly 2015 numbers.  Pending sales decreased by 6.57% while sold listings increased 12.64%. The average sales price increased by 9.71% and market times rose by 15 days or 13.04%.

Gainesville
Area Condo
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
 
July 2016
72 71 98 $107,718 135
 
July 2015
74 76 87 $98,177 120

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

Courtesy of Gainesville FL Realtor Linda Luetjen.

Tags: Area Info · Buyer Info · Home Ownershio · home ownership · Market Trends · North Central Florida Real Estate · Real Estate · Seller Info

Gainesville FL Market Trends Report – June 2016

July 22nd, 2016 · No Comments

gainesville fl real estate

FHA has recently relaxed many of its condo financing rules making it easier for condo buyers to secure loan when buying a condo. If you are in the market for a condo be sure to talk with your lender about how the new rules may help you.

Gainesville FL Real Estate Market Trends – June 2016

The Gainesville FL area single family home sales saw new listings decrease by 7.38% when compared with June 2015 numbers.  Pending sales decreased by 20.86% while sold listings decreased by less than 1%. The average sales price decreased by 0.80% and market times dropped by 19 days or 13.97%.

Gainesville Area
Single Family

New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
June 2016

389

220 351 $231,496 117
 June 2015 420 278 354 $233,368 136

The Gainesville FL area Condo home sales saw new listings decrease by 3.92% when compared with June 2015 numbers.  Pending sales decreased by 0.1% while sold listings increased 38.55%. The average sales price increased by 28.47% and market times rose by 9 days or 7.82%.

Gainesville
Area Condo
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
 
June 2016

98

63 115 $116,457 124
 
June 2015
102 70 83 $90,644 115

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

Tags: Area Info · Market Trends · North Central Florida Real Estate · Real Estate

Gainesville FL Real Estate Market Trends – May 2016

June 28th, 2016 · No Comments

gainesville fl real estate

When putting a home on the market, there is a lot to consider. How will you find a REALTOR®? What should you price the home? And the big one—is the home ready to sell? Most sellers know to get rid of clutter and fix any big or obvious problems. But what else can sellers do to get top dollar for their home? The National Association of REALTORS has identified some staging tips for various rooms in a home. After all, NAR research shows that 81 percent of buyers believe it is easier for them to picture themselves in a home when it’s staged. To appeal to those buyers, NAR recommends scrubbing the fireplace, focusing on symmetry in decoration, packing up dishes that don’t match your main set in your cupboards, making the extra bedroom a fun activity room to showcase other functions (like a sewing room or office), and keeping all closets as empty as possible.

Check out how many local sellers were successful selling their homes in May:

Gainesville FL Real Estate Market Trends – May 2016

The Gainesville FL area single family home sales saw new listings increased by 2.31% when compared with May 2015 numbers.  Sold listings increased by 1.03% and pending sales decreased by 9.12%. The average sales price increased by 5.18% and market times dropped by 2 days.

Gainesville Area
Single Family
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
May 2016 398 279 293 $237,694 118
 May 2015 389 307 290 $225,978 120

The Gainesville FL area Condo home sales saw new listings increased by 29.87% when compared with May 2015 numbers.  Sold listings increased by 15.94% and pending sales increased by 12.22%. The average sales price increased by 22.04% and market times dropped by 28 days.

Gainesville
Area Condo
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
 
May 2016
100 101 80 $120,213 119
 
May 2015
77 90 69 $98,502 147

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

Tags: Area Info · Market Trends · North Central Florida Real Estate · Real Estate

Gainesville FL Real Estate Market Trends – March 2016

April 29th, 2016 · No Comments

home buyer

According to the National Association of Realtors, mortgage rates are now lower than they ended in March. That means that rates are not only near the lows for the year to date, they are also close to the lowest rates in three years. These lower rates translate into increased buying power and/or improved ability to qualify for a mortgage.

A record number of Americans are actively searching and looking at the current inventory on Realtor.com®. We currently have 2% fewer homes for sale in the U.S. relative to last year, but we’ve seen 137,000 new listings come onto the market so far in April.

Looking ahead, great weather will likely draw even more people to look at open houses and available homes over the rest of the month. According to Cleveland Research, after a cooler than normal start to April, the weather forecast for the next 10 days is expected to be “near perfect” across many of the largest housing markets in the country, especially in the central and eastern U.S.

But who cares about a national or regional weather or housing forecast? What matters most are the trends and conditions in your neighborhood.

Gainesville FL Real Estate Market Trends – March 2016

The Gainesville FL area single family home sales saw new listings increased by 14.92% for March 2016 when compared with March 2015 numbers.  Sold listings increased by 1.26% and pending sales increased by 6.89%. The average sales price increased by 3.07% and market times dropped by 7 days.

Gainesville Area
Single Family
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
Mar 2016 462 310 240 $208,379 123
 Mar 2015 402 290 237 $202,160 130

The Gainesville FL area Condo home sales saw new listings increase by 39.56% in March 2016 when compared to March 2015 numbers.  Sold listings increased by 41.81%, and pending sales increased by 3.61% compared to 2015.  The average sales price increased by 39.40%, and market times decreased by 37 days.

Gainesville
Area Condo
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
 
Mar 2016
127 86 78 $113,328 103
 
Mar 2015
91 83 55 $81,504 140

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

Courtesy Gainesville FL Realtor Linda Luetjen.

Tags: Area Info · Market Trends · North Central Florida Real Estate · Real Estate · Seller Info

Gainesville FL Real Estate Market Trends – Jan 2016

February 25th, 2016 · No Comments

gainesville fl real estate

Gainesville FL Real Estate Market Trends – Jan 2016

The Gainesville FL area single family home sales saw new listings decrease by 1.77% for January 2016 when compared with January 2015 numbers.  Sold listings increased by 13.64% and pending sales increased by 11.39%. The average sales price increased by 8.91% to $223,126 and market times dropped by 12 days.

Gainesville Area
Single Family
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
Jan 2016 333 225 150 $223,126 142
 Jan 2016 339 202 132 $204,875 154

The Gainesville FL area Condo home sales saw new listings increase by 7.59% in January 2016 when compared to January 2015 numbers.  Sold listings decreased by 23.64%, and pending sales increased by 33.3% compared to 2015.  The average sales price decreased by 1.52% to $105,747, and market times increased by 31 days or 26.27%.

Gainesville
Area Condo
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
 
Jan 2016
85 60 42 $105,747 149
 
Jan 2015
79 45 55 $107,381 118

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

Tags: Area Info · Market Trends · North Central Florida Real Estate · Real Estate

2015 Gainesville FL Real Estate Market Trends Report

January 22nd, 2016 · No Comments

gainesville fl real estate

The headline from Realtor.com for its Housing State Of the Union is “We’re Back, Baby!” 2015 was a great year of growth and improvement—one that sets the stage for a return to normalcy in the months and years ahead.

Here are highlights from the report which is bases on data through November 2015:

  1. new-home sales were up 13% and existing-home sales were up 7%
  2. strong household formation (1.4 million households formed in the past four quarters ending in September)
  3. year of solid job creation (an average of 210,000 jobs per month through November)
  4. distressed sales declined
  5. home prices rose 5% to 7% nationally
  6. lower inventory levels and faster-moving inventory every month
  7. affordability remains strong with only marginally higher mortgage rates

See how this relates to our local housing market in 2015…

Gainesville FL Real Estate Market Trends in 2015

The Gainesville FL area single family home sales saw new listings increase by 7.62% for the year when compared with 2014 numbers.  Sold listings increased by 13.34% and pending sales increased by 12.13%. The average sales price increased by 5.71% to $213,9188 and market times dropped by 12 days.

Gainesville Area
Single Family
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
 
2015
3,897 2,901 2,778 $213,918 133
  
2014
3,621 2,587 2,451 $201,678 145

The Gainesville FL area Condo home sales saw new listings decrease by 5.99% in 2015 when compared to 2014 numbers.  Sold listings increased by 5.82%, and pending sales decreased by 2.17% compared to 2014.  The average sales price increased by 1.81% to $94,082, and market times decreased by 4 days or 2.72%.

Gainesville
Area Condo
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
 
2015
925 719 709 $94,082 143
 
2014
984 735 670 $92,401 147

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

Tags: Area Info · Market Trends · North Central Florida Real Estate · Real Estate

Gainesville FL Real Estate Market Trends – November 2015

December 23rd, 2015 · No Comments

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.

Tags: Area Info · Market Trends · North Central Florida Real Estate · Real Estate