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Real Estate Market Update for Gainesville, VA 20155 August 2012
Real Estate Market Update for Gainesville, VA 20155 August 2012
The Gainesville real estate market finished out the summer season with 57 homes sold for the month of August. Year over year there are 42.55% few homes on the market for sale. With an average of 57 homes selling each month that leaves the Gainesville area with only a two month supply.
As of September 20, 2012 there are 107 homes for sale in Gainesville. Prices range from $183,900 for a four level townhouse/condo in Parks of Piedmont to a 1,100,000 single family in the Robert Trent Jones neighborhood. Of the 107 homes for sale 78 are single families, 10 are townhouses, 19 are condo's and 28 are new construction. There are seven homes marked as bank owned / foreclsoure and seven as potential short sales.
The current number of homes for sale is down 42.55% from last year. This is a good thing for sellers. The shortage of inventory has created a sellers market as reflected in the average sale price to the original list price that is 97%.
The graph's break out the real estate market update for August 2012 for the Gainesville area. This will give you a ... more

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