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

GRU

Gainesville Hires Third Party for GRU Audit, Examines GREC Contract

Gainesville Regional Utilities will be audited by a third party to investigate a 30-year contract between the company and the owners of a biomass plant.


The average price for a gallon of regular unleaded gas in Gainesville is $3.29, according to GasBuddy.com. Prices can be found higher or lower throughout the city as shown at this Citgo on the corner of South Main Street and Southwest 16th Avenue.

Gainesville Gas Prices Remain Above Average

Gainesville consistently has higher gas prices than other big Florida cities. This can be traced to lack of competitive gas station chains, transportation costs and location.


On Monday, October 6, 2014, Gainesville Area Innovation Network (GAIN) hosted it's fourth annual ShootOut in the Harn Museum at the University of Florida to connect investors with start-up companies.

Local Start-ups Compete In GAIN ShootOut

Sixteen local start-up companies competed Monday afternoon for one of four top spots to win over $7,000 in cash prizes for their company. Investors and entrepreneurs attended the 4th Annual ShootOut presented by Gainesville Area Innovation Network (GAIN) at the [...]


Nationwide Insurance is moving 100 jobs from its regional operations in Gainesville over the next two years.

Nationwide Insurance Relocating 100 Gainesville Jobs

Nationwide Insurance is moving 100 jobs from its Gainesville regional operations over the next two years. The consolidation is limited to the regional operations, according to spokesman Eric Hardgrove. Nationwide Insurance will still employ about 800 employees at its claims service center in Gainesville. The plan will affect property and [...]


Final four winners of the first annual SEC Pizza Championship. The championship was held during the Oxford Craft Beer Festival in Oxford, Miss.

Gainesville Pizzeria Owner Places Third in First SEC Pizza Cook-off

Satchel Raye, owner of Satchel’s Pizza in Gainesville, came in third place in the first annual SEC Pizza Championship. Every competitor was offered a position on the U.S. Pizza Team, which would then compete in the World Pizza Championship, but Raye declined.


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