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How has the Gainesville and Alachua County real estate market performed since 2004?
An analysis of market statistics gathered from the Gainesville MLS reveals the following about detached single family homes sold in Alachua County between 2004 and August 2014:
2006 was the high point for the Gainesville and Alachua County real estate market.
Homes decreased 30.4% in value between 2006 and 2012, from a high median sales price of $229,900 in 2006 to a median sales price of $160,000 in 2012.
Home prices increased 5.3% between 2012 and 2013.
An analysis of home sales prices between 2013 and August 2014 shows that home prices have increased 5.2% so far this year.