As you drive thru this neighborhood

If you are looking to move into this area, there are only 3 homes for sale at the moment. They range in asking price from $159,900 to $209,900. They have about 1/4 to 1/3 acre of land. These homes have been on the market between 59 to 432 days. They are priced between a mere $81 per square foot to $116.

Recent Sales

There is one home that recently went under contract and is waiting to close. They were asking $249,900. It was built in 2000, has 2182 square feet of living space, and they were at $114/ sq ft when they pended this home.

There were 3 that closed since June of this year. They closed out at $170,000 to $215,000. They were between 1808 to 2147  square feet, and only on the market between 93 to 144 days. Their closed price puts them at $93 to $107 per sqft.

Broadmoor is such a nice subdivision in a great location. It is a relaxed & established neighborhood with sidewalks, pool, and club house.

12 Homes for sale

As of this writing, there are 12 homes on the market. They range in square foot from 1467  to  2301. They were built between 1995 and 2002. The asking prices range from $185,000 to $279,999. Not a bad price for a newer home in a desirable location. The asking price per square foot is running between $97.03 to $123.85. Ten of  these homes have been for sale from 70 to 149  ( days on the market). One has been listed for 204 days, and one has been waiting for that right buyer for 419 days.  Remember accurate  pricing and a good cleaning make for a quicker sale.

One Lucky Fellow

There is one home that has gone “under contract” and is waiting to close. It happens to be a short sale. It is 1602 square feet and was built in 2000. They were asking $155,000. It was only on the market for 29 days before it was taken off the market. They were asking $96.75 per square foot.

Closed since April

There were 10 homes that real buyers chose since April. These closed out between $224,900 and $288,000. They were built between 1994 and 2001. The square foot ranges were 1787 to 2453.

The sellers waited an average of 91 days for these to close, and the average asking price per square foot was $115.98.   Welcome all you new owners into this neighborhood!

http://www.we-promise.com/blog/category/neighborhoods/broadmoor/

Homes for Sale in Broadmoor

There were 3 new homes for sale in Broadmoor last month, and 3 that were just listed in March are already under contract.

Here is a link to homes for sale in Broadmoor in case you want to see the details of each house.

The 7 homes on the market now average an asking price of $265k and 2,085 sqft ($130/sqft).  That is down from the original list prices by about $6k.

Recent Sales

Three homes sold during the month, that is nearly 30% of the homes available at the moment.  That is a healthy rate of sales, showing that demand remains for Broadmoor homes and buyers are out there.

The homes that sold in April 2009 sold for an average of $239k (down from their original asking price of $248k).  They averaged 2,161 sqft ($115/sqft) and were on the market 112 days.

Waiting to Close

The homes under contract were listed a bit lower than the ones still waiting for a buyer – averaging $122/sqft asking price.  They have only been on the market about 2 months and didn’t have any price reductions.

Want more info?

If you’d like an analysis for a specific property just call or email – we’d love to help you!

Here in Gainesville, Shands just sent out acceptance letters for next year’s medical residents.  Congratulations for those of you who were accepted!

Relax

One of the million things you have to do before starting work is find a place to live.  Most residents want a home near Shands. You know you’ll be busy and don’t want headaches so you want something that doesn’t require much maintenance. You also want a home that isn’t too expensive (you’re still paying off student loans) but in a safe & clean neighborhood.

Places to live in Gainesville

Here is a list of places to live in Gainesville that other residents liked.  These neighborhoods have many homes available between $200,000 and $300,000 – and they are conveniently located.



View Communities in Alachua County in a larger map

SW Gainesville & Archer Road

Shands, UF, and the VA hospital are all on SW Archer road and very close to each other.  There are several communities along Archer Road that are within a 30 min drive during rush hour which are popular with residents.

Hickory Forest

Market Update
This community was built in the late 1990′s and is generally made up of 1-story frame homes with great room and split-bedroom floor plans.
Homes for Sale in Hickory Forest

Haile Plantation

Market Update
Started in the mid-1980′s there are still a few lots being built on in Haile. There are around 1,000 homes but they are tucked away into smaller sub-sections that each have their own personality. The heart of Haile is The Village Center and the Golf & Country Club.
Homes for Sale in Haile Plantation

Longleaf

Market Update
This is a new community, with 4 phases planned it is half way through development. The beach-entry pool and 24 hr fitness center are highlights here. Also – the monthly fees include front yard maintenance – so you don’t need to worry a lot about mowing! It is developed by Robinshore and Tommy Williams.
Homes for Sale in Longleaf

NW Gainesville

There are some areas in NW Gainesville with easy communtes along I-75 that are less expensive to buy in.

Ellis Park

Market Update
Ellis Park is a relatively new neighborhood being developed by Robinshore. Phase 2 is under construction now.
Homes for sale in Ellis Park

Broadmoor

Market Update
This neighborhood was built in the 1990′s and has been completed for years. The homes are +/- 2000 sqft and prices range from $200k to $300k for the most part.
Homes for Sale in Broadmoor

Downtown

There are also condos in downtown Gainesville with more to do nearby them that are much closer to Shands / UF and prices have come down to make them more affordable for a resident’s salary.

Union Street Station

Market Update

Condos For Sale at Union Street Station

This condo community is in the heart of downtown. Many people affiliated with the University of Florida live here and bike to campus or Shands. There are also many professionals who work in the courthouse and nearby legal offices who live here.

On the ground floor there are shops and restaurants, the second floor houses offices, and the top three floors are condos.  There is a private interior courtyard for the residents. The security system controls access to the elevators on the ground floor and the parking garage on the third floor.

Living here is about privacy, convenience, and being in the center of the action (such as it is) in Gainesville.

Things to do in Gainesville

Todo in Gainesville

http://www.we-promise.com/todogvl.php

Living in Gainesville

http://www.gainesvilletoday.com/2007/03/1431/Adam_Bolton:_10_Things_I_Love_About_Gainesville/

What’s New?

Homes for sale in Broadmoor

There are 6 homes for sale in Broadmoor right now available through the MLS – you can click the photo to see details on all of them.

2 of them have only been on the market a few weeks or months, but the others have been available from 4 months to almost a year.

They average 2,200 sqft with an asking price of  $276,000.

How are prices changing?

Sales prices climbed steadily in Broadmoor since construction of homes began in the late 1990′s.  It is an affordable neighborhood and conveniently located, so it has always been popular and relatively easy to re-sell homes in the area.

The prices peaked in 2006, but the number of homes selling in Broadmoor has actually increased a little during the market correction we are in and sales volume has remained fairly steady.  It is taking longer to sell homes – about a month and a half longer, and they are selling for less than they were during the real estate bubble.  We are seeing prices in line with 2005/2004 again – on average $227,000 in 2008.

There were about 33 homes that the owners tried to sell and couldn’t in 2008.  On average: They were taken off the market after 266 days, were listed for $300,000 at the time, and were about 275 sqft larger than the homes that did sell.  It seems that buyers were choosing more affordable homes even if they were smaller, instead of buying a larger home.

There have already been 3 sales in 2009.  They were all 4 bedroom homes (just under 2,000sqft), they were on the market almost 5 months before selling, and sold for an average of $214,000 (apx $19,000 less than they originally were asking for).

Home Sales Information

Absorbtion

There were 14 sales last year, and only 6 homes on the market right now.  That means it should take about half a year to clear out all the inventory, if nothing new came onto the market.  BUT, we are coming into the time of year when people start moving in Gainesville so I’d expect a lot of the homes that didn’t sell last year to pop up again soon.