The stats for this report are pulled directly from the Gainesville-Alachua County Association of Realtors database.
These statistics are for Residential Sales only and do not include commercial properties or vacant land sales.
# of HOMES SOLD in August 2008 is 226.
Average # of Days on the Market (for closed sales) is 127 Days.
| AUG 2008 | -2BR | 3 BR | 4+BR | Condo | Total |
| #Units Sold | 18 | 104 | 45 | 59 | 226 |
| Avg Sale Price | 94,080 | 179,793 | 337,414 | 156,922 | 198,380 |
| Avg List Price | 102,622 | 190,643 | 356,690 | 162,115 | 209,247 |
| List/Sell/Ratio | 91% | 94% | 94% | 96% | 95% |
| Median Sale Price | 120,000 | 174,471 | 288,000 | 147,300 | 168,950 |
Here is a good summary of the "TYPES" of financing of homes sold in August of 2008 and August 2007. You will see that more buyers this year are using the FHA program to finance their home purchase than buyers in 2007. Gainesville is holding strong when compared to other depressed areas in Florida. I am a firm believer that it is a "Great time to be a Buyer" in Gainesville.
| August
2008 Units |
August 2007 Units |
|
| TOTAL | 226 | 386 |
| Cash | 50 | 64 |
| Conventional | 114 | 297 |
| Private | 3 | 5 |
| Seller Finance | 3 | 1 |
| FHA Loans | 49 | 16 |
| VA Loans | 7 | 3 |
*** All data is from Gainesville-Alachua County MLS Database.
My Last Market Report was for June 2008. I didn't realize that I had not posted a report for July, but I have been busy with very happy buyers!
It's truly a buyers' market !!
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