This Gainesville real estate market report is a snapshot of the Gainesville housing market, discussing how the Gainesville real estate market performed in 2011 and looking at where the market is right now.
Gainesville Real Estate Market Highlights for 2011:
Gainesville homes sold in 2011 – 84% of Gainesville homes sold in 2011 were priced under $250,000.
Gainesville luxury homes – Only 4.5% of Gainesville homes sold in 2011 were priced at $400,000 or more.
Gainesville short sales and foreclosures – 41% of Gainesville homes sold in 2011 were short sales or foreclosures.
Gainesville Real Estate Market Trends for 2012:
Gainesville is still a buyer’s market. We have many more homes for sale than we have buyers.
Short sales and foreclosures will continue to impact Gainesville real estate market.
Gainesville home sales still doing a brisk business under $200,000.
This four minute “State of the Gainesville Real Estate Market” video gives more details.