Gainesville FL Real Estate Market Report

Written by Posted On Saturday, 05 October 2019 14:14

October is National Breast Cancer Awareness Month. Major breast cancer charities raise funds for research and medicine internationally. This month we have football in full swing and the fall festivals have started.  It is a great time for outdoor activities.

Let’s move on to the condition of the current housing market starting with single-family homes in Gainesville FL.

Gainesville Single Family Home Statistics

Click the Graphs to Enlarge

Sold single family homes were down this year compared to last by 25%. 2018 had 172 homes closed compared to 129 for September of 2019. Year to date closings are down as well by 1.8%.  So far this year there have been a total of 1,743 single family homes that have closed. 

As seen in the graph below, new listings for the month of September were up. 156 homes came onto the market compared to 172 from this time last year. That is a 10.3% increase. Year to date 2,290 homes were listed compared to 2,204 from last year. A 3.75% decrease for the year. 

Pending home sales for Single Family for August were up by 5.45%.  September of 2019 had 8 more homes under contract with 155 homes pending vs September of 2018 at 147 homes. 

The average days on market have increased by 1 day from 98 days in 2018 to 99 days in September of 2019. That is 1% more time on the market than the previous year. 

The median sales price has gone from $225,500 in August 2018 to $235,000 in September 2019. That is a 4.21% increase in the median sales price. The average across the nation historically is 3%. 

In September of 2018 homes listed sold at 95% of list price and that decreased by 0.2% compared to 96% in 2019. There has not been much change year to date.

This is a measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales.

There were 3 months supply in September of 2018 which grew to 4 in September of 2019. 


Condo and Townhome Statistics

Now let's move into the condo and townhome market.  

There was an almost 14.29% increase in Condo sales year over year with 3 more sales than this time last year. 

September's new condo listings were up by 40% year over year with 10 more new listings than 2018. 

Pending condo sales were slightly down by 3.57%. With 27 under contract for September of 2019 compared to 28 for the same month last year. 

The average days on market for September were 70 days, up by 23 days from this time in 2018.

The median sales price for condos has increased by 11.41% for September 2019 at $126,450 compared to $113,500 in August of 2018. 

The sale-to-list ratio is the final sale price (what a buyer pays for the home) divided by the last list price expressed as a percentage. If it's above 100%, the home sold for more than the list price. If it's less than 100%, the home sold for less than the list price.

Condos and townhomes sold for 97% of list price in 2018 and 95% of list price in September of 2019. 

This is a measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales.

The months supply for 2019 is down by one compared to September of 2018.

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Stephanie Anson

Stephanie is the Broker Owner of Anson Properties. With over 16 years of experience in the Real Estate industry, Stephanie has a proven record of performance in several critical areas of business. Her background in sales, consulting, marketing, operations, technology and leadership has helped her excel in all of her business ventures. 

Stephanie served six years in the US Navy and joined the corporate world in various sales, marketing, technology, and management positions.  Her career includes IT consulting with Coleman Technologies, Regional Sales Manager with KB Home and Regional Sales Director for McKinley Inc. After eight years of building responsive organizations that consistently delivered results, Stephanie decided to utilize her strengths in sales, leadership and digital marketing to move back into Real Estate.  

The key to her success is through aligning technology initiatives with online hyperlocal marketing, social presence, strategic visibility, and maximizing customer experience. Target marketing is vital for bringing buyers and sellers together. Marketing of properties for sellers requires niche branding knowledge and key digital marketing techniques for the home to show up first on targeted searches. Every marketing plan is unique and tailored to the property. 

Her specialties include estates, waterfront, land, rural properties, and helping distressed homeowners facing foreclosure. As a veteran herself, Stephanie is committed to helping military service members and veterans purchase and sell. 

Military members transferring on orders or retiring need service of a real estate professional that understands and can navigate their unique situation. She provides advice on the various programs available to assist active duty and retired achieve homeownership, and works through any special needs of her client.

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