The Gainesville real estate market is definitely bouncing back!
An analysis of Gainesville real estate market sales as recorded in the Gainesville and Alachua County MLS for the first half of 2013 (January 1 – June 30 2013) reveals the following:
More Gainesville single-family homes sold for more money and in less time than they did during the first half of 2012:
- Gainesville home sales prices increased nearly 7% over the first half of 2012.
- Gainesville short sales and foreclosures represented 26.2% of all single family homes sold during the first half of 2013, down slightly from 2012 but still a significant part of our market.
- Gainesville short sales and foreclosures will continue to move through our marketplace for the foreseeable future, exerting a downward pressure on how much homes can sell for in our marketplace until we can clear out the distressed property inventory.
Here’s a more detailed analysis about the state of the Gainesville and Alachua real estate market :