Gainesville Florida real estate market continues to improve

An analysis of Gainesville Florida real estate home sales for the first half of 2015 reveal that more homes are selling for more money in less time than they did in 2014.

For the first half of 2015, there was more than a 16% increase in the amount of detached single family homes sold in Alachua County Florida when compared to the first half of 2014, jumping from 1184 homes sold in the first half of 2014 to 1376 homes sold in the first half of 2015.

Median sales price jumped nearly 9%, rising from $171,000 in the first half of 2014 to $186,000 in the first half of 2015.

It’s taking less time to sell a Gainesville Florida home as well, with average days on market dropping almost 8%, to an average of 135 days, compared to 146 average days on market in the first half of 2014.

Condo sales in Gainesville Florida have also improved, with median sales price rising 8.28% to $86,625, as compared to a median sales price of $80,000 in the first half of 2014.

Short sales and foreclosures continue to move through the Gainesville Florida real estate marketplace, but their numbers are gradually lessening.

Short sales and foreclosures represented 21.2% of all single family homes sold in the first half of 2015, a decrease from 2014 when they represented 23.6% of all single family homes sold.

It is likely that Gainesville Florida home prices will continue to rise as the number of distressed properties being sold in Gainesville Florida continues to lessen.

About Coleen DeGroff

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