Tootles, 2013! Own 2014!

The year 2013 has been a year of great tragedy and great triumph. Despite the dismal football season, sinkholes, and lulls in the market; we are a community that thrives and survives. Gainesville, Alachua, Hawthorne, High Springs, Archer, Newberry, and Waldo areas all have something in common…growth! Home sales in Alachua County during 2013 have increased.

In 2013, 3,061 properties were sold compared to 2012 where only 2,415 properties sold. That’s an average of 8 properties per day! A home sold in Gainesville every 3 hours in 2013. How’s that for a down economy? In addition, did you know that 44% of the homes sold were 3 bedroom single family homes? Attached homes(townhomes, PUDs, condos) accounted for 29% of sales.  Homes selling for $200,000 to $300,000 held 6% of sales. The homes selling from $100,000 to $199,000 accounted for 38% of homes sold, and 33% of homes sold were less than $100,000.

The most significant number of home sales is the average sales price. For two bedroom homes, the average sales price was $81,000, three bedrooms average sales price was $150,000, and four or more bedrooms average sales price was $279,000.

Conventional mortgage loans accounted for 41% of the home sales, and 38% of homes were cash buyers. When the number of home sales paid for with cash in Alachua County is almost equal conventional home loans is a evidence of a growing economy and it is a great time to buy and sell in Gainesville. What are you waiting for? Get in the game!   

Have you noticed the interest rates as well? This year the rates have been the lowest they have ever been since 1971. Many buyers have taken advantage of these awesome rates that just blew the mortgage industry away. Rates ranged from 3.45% to 4.5% for a 30 year fixed mortgage loan in 2013.

The opportunity is available. Take advantage. I can help. 352-339-8492.

Here’s to your wonderful 2014!