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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

Things To Do Gainesville: U Pick Lane Pumpkin Patch & Corn Maze

October 19th, 2016 · No Comments

U Pick Lane Pumpkin Patch & Corn Maze

Things To Do Gainesville:  U Pick Lane Pumpkin Patch & Corn Maze gives you a fun festival to attend this weekend!

Welcome to our 2016 Fall Festival!  Be ready to have an old fashioned good time!

Corn maze, pumpkin patch, Monsterbine Combine rides, Corn Hole, Pipe Slide, Food & Fun! ~ Take a country ride out to U Pick Lane!

WHEN:  Saturday, October 22, 2016 @ 6pm
WHERE:  U Pick Lane
COST: $10

Visit the Event Website for more details.

Information courtesy of Gainesville FL Real Estate Expert Linda Luetjen

Tags: Area Info · North Central Florida Real Estate · Real Estate · Things To Do

Things To Do Gainesville: Jean Dorney WILDflower Walk

October 12th, 2016 · No Comments

Jean Dorney WILDflower Walk

Things To Do Gainesville:  Jean Dorney WILDflower Walk is the perfect way to enjoy the outdoors this weekend!

Enjoy the spectacular Fall wildflower bloom in the piney woods of Morningside Nature Center during a guided walk! The JEAN DORNEY MEMORIAL WILDFLOWER WALKS take place every Saturday in October and start at 9 a.m. at Morningside Nature Center, from the education building.

Wear comfortable walking shoes; bring water and field guides you would like to use. Admission is FREE! These walks are courtesy of a grant from the Friends of Nature Parks in honor of charter member Jean Dorney.

Jean, a Texas native, moved her family to Gainesville in 1972. She quickly became involved with the Alachua Audubon Society and was a founding member of Friends of Nature Parks. Through the years, Jean was an active advocate of adult education programs at the nature parks and participated in many wildflower walks and natural history classes.

WHEN:  Saturday, October 15, 2016 @ 9am-10:30am
WHERE:  Morningside Nature Center

Visit the Event Website for more details.

Information courtesy of Gainesville FL Real Estate Expert Linda Luetjen

Tags: Area Info · North Central Florida Real Estate · Real Estate · Things To Do

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

Things To Do Gainesville: The Great Halloween Costume Sale

October 4th, 2016 · No Comments

THE GREAT HALLOWEEN COSTUME SALE

Things To Do Gainesville:  The Great Halloween Costume Sale is a great event this weekend!

Dance Alive and The Next Generation present The BEST EVER Great Halloween Costume Sale. NO PRESALE! Great adult and children’s costumes! Hip-Hop, jazz, ballet, contemporary and tap costumes for girls and boys/men and women – some never been worn that originally cost $65. You can let your imagination go wild! Benefits Dance Alive National Ballet’s educational programming.

WHEN:  Saturday, October 8, 2016 – 9am-2pm
WHERE:  Pofahl Dance Studios
COST: varies

Visit the Event Website for more details.

Information courtesy of Gainesville FL Real Estate Expert Linda Luetjen

Tags: Area Info · North Central Florida Real Estate · Real Estate · Things To Do

Things To Do Gainesville: Pink Pumpkin Pedal-Off

September 26th, 2016 · No Comments

Pink Pumpkin Pedal-Off

Things To Do Gainesville:  Pink Pumpkin Pedal-Off  is a charity bicycle ride to raise funds to support local research on treatment-resistant breast cancers.

Ride distances are 22, 40, or 62.5 miles and all rides begin and end at the Cancer and Genetics Research Complex at the University of Florida. Register at www.pinkpumpkinpedaloff.org

WHEN:  Saturday, October 1, 2016 @ 8:30am
WHERE:  UF Cancer and Genetics Research Complex

Visit the Event Website for more details.

Information courtesy of Gainesville FL Real Estate Expert Linda Luetjen

Tags: Area Info · North Central Florida Real Estate · Real Estate · Things To Do

Deciding Which Offer To Accept Between Multiple Offers

September 23rd, 2016 · No Comments

Choosing between multiple offers to sell your home

You must admit the housing market is booming right now and this means that many folks are getting more than one offer on their house.   Knowing which offer you should accept  can sometimes be a daunting task.  If you get multiple offers you may think that opting for the highest bidder is the route to go, but not in all cases is this true.  Below are a few tips for making sense of it all, and deciding which offer to accept between multiple offers that is best for you and your family.

  1. If you want your home to be sold to a family member but their offer is just too low as compared to someone who is going to use your house as an investment for example, try coming back with a counter offer.  Just because you get a really high offer from someone doesn’t mean you have to accept that offer.  If you don’t want to see your home be flipped for example, don’t accept the offer from that person.  If you can afford to do so, accept a little bit of a lower offer to keep the house in the family.
  2. If you have a potential buyer make an offer with contingencies it may be best to skip over that person. You don’t want to get involved in things such as waiting for a potential buyers house to sell before they can purchase yours.  In most cases it will serve you best, if you have more than one offer, to skip right over those with contingencies.
  3. If you have a buyer that makes a good offer on your house but they cannot close for a month or two, pick the one that can close more quickly if that meets your needs.
  4. Just because someone makes a really high offer on your house doesn’t mean they are the ones who need to win the bid war. Many times folks that make very high offers may back out in the end leaving you high and dry.  Be careful not to just accept the highest bid and not look at any of the rest.

Hopefully these ideas on how to decide which offer to accept  when you have multiple offers on your home will make things easier for you.   Don’t worry too much about it, after all…multiple offers is a good thing!

Courtesy of Gainesville FL Realtor Linda Luetjen.

Tags: home ownership · North Central Florida Real Estate · Real Estate · Seller Info

Things To Do Gainesville: Gainesville $5 Burrito Week

September 21st, 2016 · No Comments

burrito

Things To Do Gainesville:  Gainesville $5 Burrito Week is officially HERE!

Starting Monday, September 19th, GCM members will be able to enjoy delicious $5 Burrito Deals (Huge Burrito + Drink) at five different participating restaurants, including:
– Moe’s (All Gainesville Locations)
– Las Margaritas
– Blue Agave
– La Fiesta Mexican Restaurant
– Cilantro Tacos

To participate, simply download the FREE Gift Certificates and More app:
– App Store: https://goo.gl/e1EnQr
– Google Play Store: https://goo.gl/NnHO8m

Create a FREE membership, then find the $5 Burrito Deal for you. Show the deal to the waiter/waitress and hit “redeem” to save!

WHEN:  Friday, September 23, 2016
WHERE:  All Over Gainesville
COST: $5

Visit the Event Website for more details.

Information courtesy of Gainesville FL Real Estate Expert Linda Luetjen

Tags: Area Info · North Central Florida Real Estate · Real Estate · Things To Do

Things To Do Gainesville: “Something New in Orange and Blue” Fashion Show

September 13th, 2016 · No Comments

Something New in Orange and Blue" Fashion Show

Things To Do Gainesville:  “Something New in Orange and Blue” Fashion Show is a great way to contribute to your community!

ElderCare of Alachua County is hosting its sixth annual “Something New in Orange and Blue” fashion show. Proceeds will benefit the organization’s programs and services, including activities for seniors at the Alachua County Senior Recreation Center. Models will don clothes from Belk and Ilene’s For Fashion. Food and drinks will be provided.

ElderCare of Alachua County, a 100 percent grant- and donation-funded program of UF Health Shands, offers services to maximize independence and enrich the quality of life for seniors in Alachua County.

WHEN:  Thursday, September 15, 2016 @ 5:30pm-9pm
WHERE:  Alachua Senior Recreation Center
COST:  $25

Visit the Event Website for more details.

Information courtesy of Gainesville FL Real Estate Expert Linda Luetjen

Tags: Area Info · North Central Florida Real Estate · Real Estate · Things To Do

Things To Do Gainesville: Paint Out

September 7th, 2016 · No Comments

Paint Out

Things To Do Gainesville:  Paint Out gathers local artists to create live paintings at Kanapaha Botanical Gardens

The 3 day event is part of the 13th Worldwide Artist Paint Out, linking artists and locations all over the world and promoting art as a universal language that has no borders. The lush settings and vistas of Kanapaha Gardens will offer the artists an abundance of inspiration. The gardens have long been a muse for the local creative community, and hosted in 2002 one of the very first paint outs in Florida. Since then, these events have seen an explosion of popularity and patronage. Come join us! Witness the mysterious creative process as you stroll through the gardens from artist to artist. They will marvel you with their sleight of hand as they magically create masterpieces before your very eyes!

WHEN:  Friday, September 9, 2016
WHERE:  Kanapaha Botanical Gardens
COST:  Regular admission price

Visit the Event Website for more details.

Information courtesy of Gainesville FL Real Estate Expert Linda Luetjen

Tags: Area Info · North Central Florida Real Estate · Real Estate · Things To Do