Gainesville real estate market continues to improve

Lake Wauburg - Gainesville Florida

The Gainesville real estate market continues to improve.

An analysis of Gainesville homes sold during the 1st quarter of 2014 reveals the following:

Gainesville single-family homes sold between January-March 2014:

  • Amount of Gainesville homes sold increased 3.2% over 1Q2013
  • Gainesville home sales prices increased 3.3% over 1Q2013
  • Average days on market for a Gainesville home decreased 4.1% from 1Q2013

SingleFamilyHomesSold1Q2014.001

Gainesville condos and townhomes sold between January-March 2014:

  • Sales of Gainesville townhomes and condos decreased 2.4% from 1Q2013
  • Gainesville condo and townhome prices increased 16.4% over 1Q2013
  • Average days on market to sell a Gainesville condo or townhome decreased 2.5% from 1Q2013

Gainesville condos sold 1Q2014

Short sales and foreclosures continue to play a significant role in the Gainesville real estate market. Short sales and foreclosures comprised 30% of all homes sold in 1Q2014 — down from 1Q2013, but still a major factor in the Gainesville real estate market.

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