Luxury Home Market

Properties selling for $500,000 or more are considered Luxury Homes in Alachua County.  This usually includes properties in or near the City of Gainesville but sometimes includes outlying country homes with acreage. There have been 13 sales this year where the owners were asking $500,000 or more for their homes when they went under contract. [...]

25 Biggest Price Drops Last Week – August 22nd

This is your update on the largest price changes of homes for sale in Gainesville & Alachua County.  This is normally a weekly post, but we were busy selling homes last week so this is a summary for the last two weeks together. 140 Alachua County & Gainesville real estate listings had price reductions in [...]

June Update for Turnberry Lake

This is an update on real estate market activity for homes in Turnberry Lake for the first half of 2009, Gainesville FL.

Recent Sales: 2 homes have sold so far in 2009, both of them were new construction.
The average selling price was $594,000 for a 4.5 bedroom 3.5 bath home at 3,600 sqft, on the market for 7 months. They sold for $143 per square foot and $173 per square foot.

Millhopper Road June Sales Update

This is an update on real estate market activity for properties along Millhopper Road, Gainesville FL, for the first half of 2009. The focus of the report is on upscale and luxury homes in the area, asking $400,000 and up.
Recent Sales: 9 homes have sold so far in 2009. The original asking prices ranged from $415,000 to $899,900. The median selling price was $650,000 for a 4 bedroom 3.5 bath home at 3,425 sqft, on the market for 280 days.

Town of Tioga June Sales Update

This is an update on real estate market activity in Town of Tioga for the first half of 2009. Town of Tioga is located in Alachua Count, FL.
6 homes have sold so far in 2009. The asking prices ranged from $326,324 (resale home) to $701,878 (new EG Gonzales home).

Jumbo Loans Affecting the Luxury Home Market

The credit crunch is still in effect for “Jumbo Loans”. This is having a negative affect on purchases of luxury homes across the country. NAR reports: “The national share of home sales above $750,000 has fallen from 4.4 percent in 2007 to approximately 2.3 percent in 2009, and the months’ supply of inventory has risen [...]