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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 – Sept 2013

September 27th, 2013 · No Comments

The American Dream of homeownership is alive and well, according to a majority of renters surveyed for the NAR 2013 National Housing Pulse Survey. The survey found that more renters are thinking about becoming homeowners than in past years and the number of Americans who prefer to rent is declining. Thirty-six percent of renters said they were thinking about purchasing a home, compared to only 25 percent in 2011.

Americans’ concerns about home values continuing to drop have also diminished. A majority of respondents revealed that housing prices in their area are higher than last year, and 38 percent reported an increase in local housing market activity in the past year.

Take a look at sales figures in our local real estate market for August 2013.

The Gainesville FL area single family home sales saw pending sales increase by 12.57% when compared with August 2012 numbers.  Sold listings increased by 20.10% when compared to August 2012, and new listings increased by 5.03%.  The average sales price increased by 10.36% to $194,362, and market times decreased by 22 days or 12.55%.

Gainesville Area
Single Family
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
August 2013 271 188 221 $ 194,362 152
August 2012 258 167 184 $ 176,114 174

The Gainesville FL area Condo home sales saw new listings increase by 19.17% when compared to August 2012 numbers.  Sold listings increased by 47.05% while pending listing decreased by 9.09% compared to August 2012.  The average sales price decreased by 10.08% to $83,090, and market times decreased by 24 days or 19.18%.

Gainesville
Area
Condo
New
Listings
Pending
Sales
Sold
Listings
Avg. Sales
Price
Days on
Market
August 2013 87 50 75 $ 83,090 101
August 2012 73 55 51 $ 92,410 125

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: Market Trends · North Central Florida Real Estate · Real Estate