WUFT News

October Home Sales Up 27% From October 2012

By on November 21st, 2013

Home sales in Alachua County were up 27 percent from this time last year, according to a report released by the Gainesville Multiple Listing Service.

In the month of October, 166 homes in Alachua County were sold, compared to just 131 sales in October of 2012 — an increase of about 27 percent.

Realtors agree the increase in home sales is a good indication the real estate market is on an upswing.

Matt Thomas, a broker and owner of Thomas Group Realty said this might be an ideal time to sell your home. Thomas said the increase in sales isn’t a fluke.

“I think that the real estate market is without question improving,” he said. “I think there’s still a ways to go, but we’re definitely working in the right direction.”

He isn’t alone in that thinking.

Gene Anne McKay, senior vice president of Bosshardt Reality Group, agreed the housing market is improving.

“The brokers in our association are feeling very good overall because of the steady stream of transactions that are coming,” McKay said. “We have a ways to go, but it’s all positive indicators.”

Along with the increase in sales came the exponential increase in cash sales. Thomas said that cash transactions were up 100 percent from last year.

This sharp increase is surprising to Thomas.

“I find that interesting because of how cheap interest rates still are,” Thomas said. “Sixty-four out of 175 sales were cash. I think that shows that there are a lot of people out there with money to be spent and that feel strong enough and comfortable enough with the market that they’re willing to invest that kind of money.”

But if one was looking to buy a home, he or she might want to rethink that decision, Thomas said.

“We’re moving away from being a buyer’s market,” he said. “If a buyer is on the fence, I would encourage them to get off. We do know that with the amount of inventory on the market, it’s becoming more of seller’s leverage towards negotiation.”

Both Thomas and McKay think listening to the advice of a realtor could help those looking to purchase real estate.

“I would have a great agent who knows the market, who can help me prepare my house, and I would put it on the market,” McKay said.


This entry was posted in Business. 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