The Gainesville luxury real estate market is glutted. Gainesville luxury homes — that is, homes priced at $500,000 or more — make up 7.2% of all single-family homes for sale in Gainesville and Alachua County.
HOWEVER Gainesville luxury home buyers comprise only 2.8% of our market.
That means when it comes to luxury real estate in Gainesville, buyers have a LOT of homes to choose from. If you want to have your luxury home stand out from the rest, make sure you are priced competitively so that buyers take notice.
Otherwise you may be waiting a long while before you sell your home.
