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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

Tips For the Gainesville FL Real Estate Investor

August 16th, 2013 · No Comments

The word is spreading in the world of real estate—“Now is a good time to invest in Gainesville FL real estate.”  The reasons behind this advice appear to be both numerous and sound and include justifications such as low home prices and interest Board game and real estate conceptrates, an increased demand for rental property, strong signs of a recovering real estate market, and the continuing volatility of the stock market.

Think that you might like to invest in Gainesville FL real estate and become a landlord?  Then continue reading.  Investment gurus and experienced Realtors have many sage pieces of advice for you about property selection, financial considerations, and building a team.  Among them are:

  • Find the right piece of real estateThe Internet can be your best friend when searching for houses to buy, so remember to use the net to check out homes and neighborhoods. Investigate current rental rates, average salaries, and unemployment figures for that area.  Be alert to homes that are in mortgage default and about to be foreclosed on. You may want to consider properties in pre-foreclosure if you have ample time to wait. Look for properties that don’t need major fixes but will benefit from quick, low-cost improvementsChoose a knowledgeable Realtor who is experienced in investment properties.  Think about joining a real estate investment club to meet a wide variety of professionals.
  • Run the numbers:  Get every last expense figured into your calculations, and be sure that you will have positive cash flow from the start. Include repairs, mortgage payments, taxes, insurance, maintenance, management, HOA dues, utilities and reserves.
  •  Hire your own professionals:  You may think it would be easier to just utilize the inspectors or appraisal professionals selected by the seller, but it will hurt you in the long run. No one likes spending money on something they could get for free. Nevertheless, it is good to hire individuals that you can truly trust.

It is important to realize that investing in Gainesville FL real estate is not a get-rich-quick scheme and that it does require some work on your part. While appreciation will occur over the long term, you don’t know how long that will be. In the meantime, you want to be able to make a profit, or at least not lose money every month.

Search all Gainesville FL real estate and Gainesville FL homes for sale.

Linda Luetjen assists buyers looking for Gainesville FL real estate for sale and aggressively markets Gainesville FL homes for sale.

She understands the purchase of any Gainesville FL home represents not only one of the largest and most significant investment a person can make, but also a decision that affects the entire life of a family. It should be handled with all the care and attention such a significant transaction deserves. You may rest assured that Linda never forgets this. Her reputation depends on your satisfaction.

For more information about buying or selling your Gainesville FL home, please call Linda toll free at 888-424-8841 or via email with our convenient contact form.

Tags: Buyer Info · North Central Florida Real Estate · Real Estate