Welcome to the
Gainesville-Alachua County Real Estate Market Update for August 2008.
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 !!
;)
;)
Christine, looks like the ratio are all in line with my market up until this last storm. The 3 bedrooms appear the most common of sales as well. Thanks for sharing.