Gainesville Real Estate with Allison Ables

August 3, 2010 - We are very excited to announce our new independent real estate brokerage company - Allison Ables and Associates at Keller Williams Gainesville Realty is now Allison Ables Real Estate. We have seperated from the Keller Williams franchise and opened our first independent office in the Haile Plantation Publix Market Square (just two doors down from O!O Tapas and Tinis) under the Allison Ables Real Estate name.

We are expert Gainesville REALTORS® serving buyers and sellers in Gainesville, Florida and Alachua County. With fantastic deals and historically low mortgage rates there has never been a better time to buy Gainesville, Florida real estate! Search homes for sale, condos, and foreclosures. Contact us today and one of our team's friendly agents will begin looking for your family's next Gainesville home or investment property!

Recent Real Estate News

Modest Inflation Expectations Allow Mortgage Rates to Set New Record Lows
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS), and for yet another week, fixed-rate mortgages reached record lows, as did the 5-year adjustable rate in this survey... [more]

Tips for getting homeowners insurance
5 things to remember when you're buying homeowners insurance -- or renewing your policy... [more]

Homebuyer tax credit off the radar
There's no serious talk of reinstating the homebuyer tax credit, the White House and real estate industry trade groups say, quashing speculation that followed statements Housing Secretary Shaun Donovan made on a Sunday morning news show. [more]

Local Gainesville, FL Real Estate Market Conditions

September 2, 2010 - Existing-home sales were sharply lower in July following expiration of the home buyer tax credit but home prices continued to gain, according to the National Association of Realtors®.

Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly revised 5.26 million in June, and are 25.5 percent below the 5.14 million-unit level in July 2009.

Sales are at the lowest level since the total existing-home sales series launched in 1999, and single family sales - accounting for the bulk of transactions - are at the lowest level since May of 1995.

Lawrence Yun, NAR chief economist, said a soft sales pace likely will continue for a few additional months. "Consumers rationally jumped into the market before the deadline for the home buyer tax credit expired. Since May, after the deadline, contract signings have been notably lower and a pause period for home sales is likely to last through September," he said. "However, given the rock-bottom mortgage interest rates and historically high housing affordability conditions, the pace of a sales recovery could pick up quickly, provided the economy consistently adds jobs."

Gainesville Single Family Home Sales

The most recent data from August shows that homes in Gainesville stay on the market for an average of 174 days. Homes in the Gainesville area are selling for an average price of $215,978 which is up about 1% from last month. The report shows that sold listings are also slightly up from this time last year, about 2%.

Single Family Home Activity under $100,000

During the month of August, there were 79 new listings, 60 homes went under contract, and 48 transactions went to closing.

Single Family Home Activity between $100,000 and $250,000

In the month of August, there were 200 new listings, 119 homes went under contract, and 102 transactions went to closing.

Single Family Home Activity between $250,000 and $500,000

In the month of August 2010, there were 64 new listings, 43 homes went under contract, 51 listings expired and 32 transactions went to closing.

Single Family Home Activity over $500,000

In the month of August, there were 16 new listings, 8 homes went under contract, 14 listings expired, and 6 transactions went to closing.

Gainesville Condo and Townhouse Sales

The most recent data from August shows that condos and townhouses in Gainesville stay on the market for an average of 118 days. Condos in the Gainesville area are selling for an average price of $92,940.

Condo and Townhome Activity under $100,000

During August, there were 57 new listings, 26 homes went under contract, 39 listings expired and 28 transactions went to closing.

Condo and Townhome Activity between $100,000 and $150,000

In the month of August, there were 21 new listings, 9 homes went under contract, 34 listings expired and 14 transactions went to closing.

Condo and Townhome Activity between $150,000 and $200,000

During the month of August, there were 7 new listings, 10 homes went under contract, 11 listings expired and 3 transactions went to closing.

Condo and Townhome Activity over $200,000

In the month of August, there were 11 new listings, 1 home went under contract, 8 listings expired and 5 transactions were closed.

Existing-home sales for August will be released September 23. The next Pending Home Sales Index is scheduled for September 2 release times are 10 a.m. EDT. National and Regional Information provided by National Association of Realtors Press Room and Research Center. Local information provided by Allison Ables, licensed Gainesville Realtor, with information available through GACAR and the Gainesville MLS.