How is the Gainesville real estate market doing?
An analysis of Gainesville real estate market statistics for 2013 shows that the Gainesville real estate market is experiencing a rebound.
Gainesville real estate market segments — including Gainesville single family homes, Gainesville condos and townhomes, and Gainesville luxury homes — all experienced a significant improvement when compared to 2012. Gainesville short sales and foreclosures continue their downward trend, although progress is slow.
A quick review:
Gainesville single family homes sold — we sold more homes for more money in less time as well as closer to asking price in 2013 when compared to 2012.
Gainesville condos sold also experienced a rebound — we sold more Gainesville condos for more money and in less time as well as closer to asking price when compared to 2012.
Gainesville luxury homes sold — in 2013 we sold double the amount of luxury homes in Gainesville than we did in 2012 — median sales price for Gainesville luxury homes sold in 2013 was down in 2013, most likely due to the glut in Gainesville luxury homes for sale. Gainesville luxury homes made up a slightly larger percentage of all homes sold in Gainesville in 2013 when compared to 2012 — indicating that the Gainesville luxury home market is also on the mend.
At nearly 25% in 2013, Gainesville short sales and foreclosures continue to make up a significant portion of the Gainesville real estate market — but the amount of short sales and foreclosures being sold in Gainesville continues to slowly drop.
For a more detailed analysis, please watch the Gainesville Real Estate Market Report for 2013 — this 4 minute video gives a much fuller picture of the state of real estate in Gainesville Florida.
Gainesville Real Estate Market Report for 2013: