The housing market in Gainesville is as unique as the city itself. At heart, it is a small country town, which gives it a heart and a sense of community that is hard to match. But with the University of Florida and Santa Fe College located here, this
quaint little town has over 70,000 students living here at any given time – and this gives the small town the resources and variety of a much larger city.
The Bigger Picture
Throughout all of Florida,
it is possible to track how many homes are sold, and what they sell for. It is also possible to tell how many homes closed for the same price at which they listed. The variance is so small as to be negligible – throughout the year it moved gently
from 96% up to 97%.
In other words, no matter what time of
year it is, houses sell for what is asked. It is a robust housing market, and there is no special or unique time of year that benefits buyers in this current market.
Finding a Home in a College Town
most college towns, Gainesville sees a rise and fall in the population annually. The timetable is based around the school year, and there is an influx of students before the Fall semester starts as well as a bit of an exodus at the beginning of summer.
Surprisingly, this does not have a huge
impact on the real estate sales market. It deeply impacts the way rental leases are structured, but not the prices or availability of homes to buy.
Late spring to early summer may be a more active “selling season” as more people are moving away either for vacation or due to graduation. By waiting until August to start house hunting, you may find the selection slightly more limited than usual.
But only slightly. No matter
what time of year it is, there is always an abundance of available homes.
I've been a part
of the ebbs and flows of the Gainesville real estate market for over 10 years now. With decades of combined experience, we offer more than just listings, we offer experience. Whether you are renting, buying, or looking to sell, Allison
Ables and the team at Watson Realty Corp. can help. Call me at 352-745-3969.