How were Gainesville condo sales in 2020?
Gainesville condo sales in 2020 were slower than they were in 2019.
Here’s a look at the Gainesville real estate market for condos and townhomes sold in Gainesville and Alachua County during 2020.
More Gainesville condos listed for sale, fewer condos sold
Nearly 15% more Alachua County condos and townhomes were listed for sale in 2020 compared to 2019.
Sales of Gainesville condos in 2020 were down nearly 2% from 2019. With more condos being listed for sale in 2020 and fewer condos being sold compared to 2019, the result was that only 77.56% of Gainesville condos listed for sale sold during the year. This is a drastic drop compared to 2019, when 90.76% of Gainesville condos listed for sale sold.
Average list price and average sales price increased
Despite the excess of condos for sale in 2020, the average sold price of Gainesville condos increased 5.3%, to $140,840. List price of Gainesville also increased 5.2% from 2019, to $144,533.
Sellers of Gainesville condos and townhomes that sold in 2020 received an average of 97.45% of their asking price.