At Top Producer this morning, Todd Louis of Tommy Williams Homes asked the audience what types of homes is our market calling for. A large group stated that baby boomers are looking for one story upscale condominiums, preferably maintenance free (thanks to HOAs) with a storage room. There also seems to be a need for middle range priced home.
Predictions for the Gainesville market…
• Due to economy improving and harsh winters, more people moving to Florida.
• We will need to add a variety of housing styles and lot sizes in the same community instead of cookie cutter
• Lack of land in Gainesville is forcing people to move into the smaller towns like Alachua and Newberry to find lots to build on. Gainesville’s land use plan is restrictive for future development planning for the walk about type communities /Town centers like town of Tioga instead of just single family single family lots
Market report
• Closed sales: up 8.4%
• Pending sales down: 3%
• New listing: up 14%
• Median sales price: $169,00 up 13,5%
• Average sales price: $200,825 up 20.2%
• Median days on market: 84 down 11%
• April Closed sales: 233 up 8.4% (predicted to continue into May and June)
• New April listings: 498
• Homes under 100k are hard to find so these people will have to rent
• More upper end homes coming on the market
• Foreclosures: down 21%
• Median sales price: up 76%
• Short sales: down 46%
Get the PDF of the statistics on GACAR.com