Gainesville FL Real Estate Blog

There were 1,119 Alachua County and Gainesville FL foreclosure homes in October. 2011 according to RealtyTrac.com. The average foreclosure sales price was $109,678 compared to an average sales price of $149,937, a $40,259 savings. 1 in every 516 housing units received a foreclosure filing in October.

Alachua County & Gainesville FL Foreclosure Activity and Home Price Index

Home price appreciation remained was 0.0% in October and the number of new foreclosures totaled  219.

Alachua County foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or repossession notice – each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.

Alachua County & Gainesville FL Foreclosure Geographical Comparison

Alachua County and Gainesville FL foreclosures were 0.01% above national statistics and 0.18% below state figures in October 2011.

Alachua County & Gainesville FL Foreclosure Activity by Month
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There were 1,219 Alachua County and Gainesville FL foreclosure homes in Sept. 2011 according to RealtyTrac.com. The average foreclosure sales price was $109,678 compared to an average sales price of $156,392, a $46,714 savings. 1 in every 852 housing units received a foreclosure filing in September.

Alachua County & Gainesville FL Foreclosure Activity and Home Price Index

Home price appreciation remained was 0.0% in September and the number of new foreclosures totaled  136.

Alachua County foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or repossession notice – each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.

Alachua County & Gainesville FL Foreclosure Geographical Comparison

Alachua County and Gainesville FL foreclosures were 0.05% below national statistics and 0.15% below state figures in Sept. 2011.

Alachua County & Gainesville FL Foreclosure Activity by Month

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For many reasons this is a good time for potential home buyers to purchase Gainesville FL real estate, and the large number of foreclosed homes available holds the promise of bargain prices.

Too good to be true? Perhaps. Buyers of foreclosed property, especially if it has been unoccupied and not maintained for some time, must be acutely aware of possible problems and trouble spots involved in such a sale and may have to realistically face some unpleasant facts. As Vince Mastronardi, president of On-Site Specialty Cleaning and Restoration, observes, “Buyers need to educate themselves about the potential pitfalls of purchasing distressed property. It’s not so much what damage occurred, but the sources of that damage and how long before the problem was addressed.”

A cautious buyer should look for signs which indicate that all is not well with a piece of Gainesville FL real estate.

1. The presence of mold. Once mold takes hold, it is almost impossible to get rid of. Look for places which have been excessively painted in an attempt to cover up mold.

2. Lack of heat for months in a home not properly winterized. Result? Burst pipes and water damage.

3. Hints of water damage. Peeling, bubbling, or discolored paint may occur as a result of moisture. Other evidence of water damage includes swelling in walls/ceilings, stains, and             a musty odor.

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Alachua County foreclosure homes declined slightly in September with 222 new foreclosures for a total of 1,334 foreclosed homes, according to RealtyTrac.com. The average foreclosure sales price was $164,367 compared to an average sales price of $169,823, a difference of $5,456. 1 in every 6,323 housing units received a foreclosure filing in September 2009

Alachua County Foreclosure Activity and Home Price Index

Alachua County foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or repossession notice – each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.

Alachua County Foreclosure Geographical Comparison

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Alachua County foreclosure homes declined slightly in August with 224 new foreclosures for a total of 1,266 foreclosed homes, according to RealtyTrac.com. The average foreclosure sales price was $154,942 compared to an average sales price of $180,497, a difference of $25,555. 1 in every 9,313 housing units received a foreclosure filing in August 2009

Alachua County Foreclosure Activity and Home Price Index

Alachua County foreclosures declined in August while home appreciation rose.

Alachua County foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or repossession notice – each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.

Alachua County Foreclosure Geographical Comparison

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The number of Gainesville and Alachua County foreclosure homes dropped dramatically in April compared to the previous March with 190 new foreclosure filings in April compared to 400 filings in March, according to RealtyTrac.com.

Gainesville and Alachua County Foreclosure Activity and Home Price Index

Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or repossession notice – each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.

Gainesville and Alachua County Foreclosure Geographical Comparison

Gainesville and Alachua County foreclosure rate is .57% less than the state of Florida statistics and .10% less than national figures.

There are currently 1,156 Gainesville and Alachua County foreclosure homes with an average salesa price of $104,106. The estimated median home value in Gainesville and Alachua County is $146,619.

Are you or someone you know behind on your mortgage payments and facing a Gainesville foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. I am a Certified Distressed Property Expert (CDPE) with extensive training in helping families in distress and facing possible foreclosure. Give me a call for a private consultation.

If you are in the market for Gainesville FL real estate, you probably have a good idea of the general range you can expect to spend on a home.  So you might be surprised when a great-looking home shows up on the MLS with what seems like a shockingly low price tag attached.  The extra-low price seems too good to be true and – most of the time – it is. 

It is likely that the price you are seeing does not represent the actual asking price of the property; rather, in most cases it is likely a property that is in “pre-foreclosure” and the amount listed actually represents the balance of the defaulted loan, or the amount the current owner is in arrears.  Below is an excerpt from an article I found at Inman News that does a great job explaining how these properties end up on MLS search engines, and what you can do to spot them:

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