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
| 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!
