Gainesvillehomes – Chris Bohn’s Blog

September 8, 2008

Gainesville FL Real Estate Market Report – August 2008

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!

It’s truly a buyers’ market !!

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: