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Real Estate Marketing Report for Gainesville Florida – August 2008

September 8, 2008 by Chris Bohn

Gainesville FL Real Estate

Welcome to the
Gainesville-Alachua County Real Estate Market Update for August 2008
. Gainesville real estate market report.

The stats for this report are pulled directly from the
Gainesville-Alachua County Association of Realtors database.

These statistics are for Residential Sales only
and do not include commercial properties or vacant land sales.

# of HOMES SOLD in August
2008 is  
226.

Average # of Days on
the Market
(for closed sales) is 127 Days.

AUG 2008 -2BR 3 BR 4+BR Condo Total
#Units
Sold
   18    104    45    59    226
Avg Sale
Price
 94,080  179,793  337,414  156,922  198,380
Avg List
Price
 102,622  190,643  356,690  162,115  209,247
List/Sell/Ratio    91%   94%    94%   96%    95%
Median
Sale Price
 120,000 174,471  288,000  147,300  168,950

Here is a good summary of
the “TYPES” of financing
of homes sold in August of 2008 and August 2007.   You
will see that more buyers this year are using the FHA program to
finance their home purchase than buyers in 2007.  Gainesville
is holding strong when compared to other depressed areas in Florida.
I am a firm believer that it is a “Great
time to be a Buyer”
in Gainesville.

 August
2008

Units
August  2007
Units
TOTAL  226   386
Cash   50    64
Conventional   114   297
Private     3       5
Seller
Finance
    3        1
FHA Loans    49     16
VA Loans     7        3

***  All data is from Gainesville-Alachua
County MLS
Database.

My Last Market Report was  for June 2008.
I didn’t realize that I had not posted a report for July,
but I have been busy with very
happy buyers
!

It’s truly a buyers’ market !!

Filed Under: Gainesville Market Reports, Market Snapshots

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RE/MAX Professionals

The Bohn Team

Christine Bohn, Broker Associate

Michael Bohn, Sales Associate

4011 NW 43rd Street, Suite C
Gainesville, FL 32606


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