WUFT News

Florida Home Sales Rise, Alachua County Follows Suit

By on September 21st, 2013

Recent statistics show the housing market in Alachua County is bouncing back from the start of the nation’s recession in 2007.

In Florida, single-family home sales grew 12.5 percent in August compared to the same time period one year ago.

In Alachua County, the growth doubled, with a 23 percent increase in closed sales for single-family homes, according to a Florida Realtors report.

Luis Diaz, co-founder of Town of Tioga, said builders have no shortage of work now.

“We’re starting to see the real bulk of the buyers coming in and taking advantage seeing that interest rates are going to start creeping up in the next few years,” Diaz said.

With increased demand and closed sales rising, Greta Rice, president of Gainesville Alachua County Association of Realtors, said the new housing inventory has decreased.

“It’s causing prices to rise and opportunities for people to get more bang for their buck,” Rice said.

Not all houses are being sold like the rest. Single-family homes ranging in value from $600,000 to $1 million stay on the market for about twice as long as less-expensive houses, according to an August report from Florida Realtors.

“(It’s) not to the point whereby it’s easy to obtain a mortgage like it was in 2007, but it is getting easier,” Rice said.

Builders have close to 300 acres to build on at Town of Tioga within the next 15 to 20 years to try to meet the apparent demand.


This entry was posted in Business and tagged , , , , , , , , , . Bookmark the permalink.
 

More Stories in Business

One of the two Thrift 5 stores owned by Pledge 5 in Gainesville. Pledge 5 budgeted the 2014 Gator Stompin' event off projected attendance increases and revenue from the thrift stores, but was unable to meet the expected numbers.

Gator Stompin’ Looking To Get Back On Track With Payback Program

The Pledge 5 Foundation is in debt with local businesses in Gainesville. The organization owes more than $100,000, but it created a program, so that they can pay back the money they owe.


Inmate labor saved taxpayers more than $9 million in 2013. The stoves project was just a small piece of a large statewide operation.

Prisoner Labor Saves Taxpayer Money

In exchange for a reduced sentence, some Marion County inmates participate in a prison work program. The program has produced much of the jail’s infrastructure, saving taxpayers more than $9 million in 2013.


Alex Skobel and his girlfriend Loree Schulson share a moment in one of the Skobel Homes properties. Schulson joked she was trying to steal Skobel's warmth while touring the home on a cold Sunday.

UF Graduate Builds Future Out Of Recession

The economic recession in 2007 led to the unemployment of millions of Americans. However, one University of Florida graduate turned the downturn into opportunity.


Hitchcock's Markets is currently the only grocery store in Alachua.

Alachua Residents Ready For New Grocery

Publix is moving to the small city of Alachua and will compete with the only other grocery store there called Hitchcock’s Markets. Residents are excited to see more diversity in their grocery shopping.


Cory Wise (left) and Courtney Buckley (right) work together to clean a residence. Wise and Buckley work for Student Maid, owned by Kristen Hadeed.

National Organizations Encourage Female Business Owners

What started out as a cleaning job to pay for a pair of jeans turned into a booming Gainesville business. Since then, business owner Kristen Hadeed’s cleaning company, Student Maid, has been successful and is growing daily.


Thank you for your support

WUFT depends on the support of our community — people like you — to help us continue to provide quality programming to North Central Florida.
Become a Sustainer
I want to support FM 89.1/NPR
I want to support Florida's 5/PBS
Donate a Vehicle
Day Sponsorship Payments
Underwriting Payments