Haile Plantation Home Sales Trends 2005-2009

The following chart illustrates the median home price trends in the Haile Plantation area for the months of January through July in the years 2005 through 2009.

The Haile Plantation area includes the following neighborhoods:

Eloise Gardens, Garison Way, Grande View Estates, HP/Albury Round, HP/Amelia Gardens, HP/Annadale Round, HP/Ashleigh Circle, HP/Bedford Square, HP/Benjamins Grove, HP/Bennets Garden, HP/Buellers Way, HP/Camden Court, HP/Cameron Park, HP/Carlton Court, HP/Century Oaks, HP/Charleston Park, HP/Chestnut Hill, HP/Chickasaw Way, HP/Colson Corner, HP/Evans Hollow, HP/Fairhaven, HP/Founders Hill, HP/Grahams Mill, HP/Haile Market Square, HP/Hampstead Park, HP/Heritage Green, HP/Hickory Walk, HP/India Station, HP/Indigo Square, HP/Katelyn Lane, HP/Kestral Point, HP/Laurel Park, HP/Lenox Gardens, HP/Lexington Farms, HP/Madison Square, HP/Magnolia Walk, HP/Market Square, HP/Matheson Woods, HP/Matthews Grant, HP/Middleton Green, HP/Millington, HP/Mills Glen, HP/Oakmont, HP/Plantation Villas, HP/Planters Grove, HP/Preserve, HP/Preston Wood, HP/Quail Court, HP/Retreat Place, HP/Rosemond Way, HP/Sable Pointe, HP/Southbrooke, HP/Southgate, HP/Spalding Place, HP/Storeys Round, HP/Stratford Ridge, HP/Sutherland Crossing, HP/The Hamptons, HP/The Links, HP/Victoria Circle, HP/Village Center, HP/Westfield Commons, HP/Whitaker Oaks, HP/William Kent Court, HP/Branton Court, Kenwood, Plantation Estates, Stillwind, The Village at Haile, Tower 24, Valwood, and Village Center.

The month-to-month analysis of the number of homes sold in Haile Plantation is illustrated in the graph below.

The number of days it takes to sell a home in Haile Plantation

has increased dramatically, as evidenced by the chart at left.

This information is provided by the Gainesville MLS and covers the months of January through July for the years 2005 through 2009 for all single family detached properties in the Haile Plantation market area (360). This information is deemed reliable, but is not guaranteed by the Gainesville MLS or Coldwell Banker M.M. Parrish Realtors.

Haile Plantation Homes Sold April 1, 2009 - June 30, 2009

*Information compiled from Gainesville MLS data*

Total homes sold 2Q09: 30 (2Q08: 61)

List price average $333,563 (2Q08: $391,107)

Sales price average $317,174 (2Q08 $368,231)

List to sell variance 95% (2Q08: 95%)

Average price by # bedrooms: 3 bedrooms 4+ bedrooms

Average list price $209,045 (2Q08: $278,570) $434,034 (2Q08: $471,917)

Average sales price $204,855 (2Q08: $265,139) $408,887 (2Q08: $408,887)

List to sell variance 98% (2Q08: 95%) 94% (2Q08: 94%)

Neighborhoods sold 2Q09:

HP/Founders Hill - 2	HP/Grahams Mill - 1
HP/Haile Market Square - 1	HP/Heritage Green - 1
HP/Hickory Walk - 1	HP/Indigo Square - 1
HP/Katelyn Lane - 1	HP/Kestrel Pointe - 1
HP/Matheson Woods - 1	HP/Oakmont - 1
HP/Planters Grove - 1	HP/Preserve - 1
HP/Preston Wood - 1	HP/Sable Pointe - 1
HP/Stratford Ridge - 2	HP/Sutherland Crossing - 1
HP/Village Center - 2	HP/Westfield Commons - 1
Eloise Gardens - 2	Kenwood - 1
Stillwind - 4	Valwood - 2

Coleen DeGroff, MBA
Your Gainesville, FL REALTOR
Gator Nation Relocation - Specializing in drama-free realty for the hassle-averse
Coldwell Banker M. M. Parrish, Realtors
Gainesville, Florida
(352) 372-5375

Haile Plantation Market Activity June 21 - 27, 2009

During the week of June 21 through June 27, six homes were sold (closed) in the Haile Plantation area. Homes ranged from a 4 bedroom/2 bathroom home listed for $239,000 to a 4 bedroom/4 bathroom home listed for $409,900. During that same period, two homes in Haile Plantation went under contract. Located just five miles from the University of Florida and Shands Hospital, the award-winning New Urbanist community of Haile Plantation features "A" rated schools, a Gary Player signature golf course, and miles of walking and biking trails.

Coleen DeGroff, MBA

Your Gainesville, Florida REALTOR

Gator Nation Relocation - Specializing in Drama-Free Realty for the Hassle-Averse

Coldwell Banker M. M. Parrish, Realtors

Gainesville, Florida 32606

(352) 372-5375

The Savvy Homebuyer's and Homeseller's Guide to Gainesville Real Estate

So, you've decided to buy a home in Gainesville. First off, CONGRATULATIONS!! Investing in real estate -- over the long term -- is one of the surest ways to increase your wealth.

Besides the most important things to consider when choosing your home....location, amenities, school district, distance to work, etc.....what other factors should you take into consideration?

One of the factors often overlooked in a homebuyer's decision-making process is the absorption rate, which is the numerical representation of the supply of homes vs. the demand for homes in any specific area.

A buyer's market is defined as a market where there is more than 7 months' worth of homes to sell in a given area or at a given price point.

A seller's market is a market where there is only 1-4 months worth of housing inventory available in an area or price point.

A normal market is typified by 5-6 months of housing inventory.

Have you heard the saying that all real estate is local? Well, that's true for absorption rate as well....

Consider the following:

In all of Alachua County, as of today (June 26, 2009), there are currently 1,582 single-family homes available for sale.

In May of 2009, 154 single-family homes sold in all of Alachua County.

In terms of absorption rate, this means it would take 12.4 months to sell all 1,582 homes if all other factors remained the same (e.g. no other homes came onto the market).

Let's break it down further, this time by price point:

There are 822 single-family homes for sale in Alachua County priced at less than $200,000. This equates to 9.45 months of inventory.

There are 800 single-family homes for sale in Alachua County priced between $200,000-$400,000, or 14.29 months of inventory.

There are 177 single-family homes for sale in Alachua County priced between $400,000-$600,000, or 16.09 months of inventory.

There are 68 single-family homes for sale in Alachua County priced between $600,000-$800,000, or 68 months of inventory.

There are 57 single-family homes for sale in Alachua County priced at $800,000 or more. No homes sold at that price point last month, so I'm not sure how to even begin to calculate how long it will take to sell them all.

What do these price point breakdowns mean for the savvy homebuyer researching their options in the Gainesville real estate market? It means that homebuyers are in the driver's seat and have much more leverage than sellers do in terms of determining the selling price of the home. Homebuyers who are financially qualified to purchase a home for $600,000 or more have the most inventory to choose from and therefore the most leverage in determining selling price at these levels.

What do these price point breakdowns mean for the savvy homeseller in the Gainesville real estate market?

1) If you don't have to sell right now, don't.

2) If you do have to sell, price your home competitively right from the get-go; and even if you price your home as competitively as you think you can, be prepared to take a financial beating.

3) What you think your house is worth is, on the whole, less important than what a financially qualified buyer who is ready, willing, and able to buy your home thinks it is worth.

Breaking absorption rate down by region,

Northwest Gainesville homes for sale: 685, or 11.81 months of inventory;

Southwest Gainesville homes for sale: 455, or 9.68 months of inventory;

Northeast Gainesville homes for sale: 113, or 14.12 months of inventory;

Southeast Gainesville homes for sale: 55, or 9.16 months of inventory.

What does this mean for the savvy homebuyer of Gainesville real estate?

The more months of inventory available for sale, the more leverage the homebuyer has in determining price and terms for the property.

What does this mean for the savvy homeseller of Gainesville real estate?

See above, and commit it to memory.

Absorption rates can be even more localized to zip codes, neighborhoods, school districts, etc. Please email me at cdegroff@mmparrish.com if you would like to receive a more detailed market analysis of a particular area.

Coleen DeGroff, MBA

Your Gainesville, FL REALTOR

Gator Nation Relocation - Specializing in drama-free realty for the hassle-averse

Coldwell Banker M. M. Parrish, Realtors

Gainesville, FL 32606

One of the things that always bugged me when we'd be moving somewhere new was all the digging around I ended up doing to find pics of local areas to give me a "feel" for what those places were like before we could make our exploratory trip to visit. Of course, I suppose this was back before the invention of fire.....so I could be dating myself. Anyway....with the advent of YouTube, all that has changed.....and I wanted to make sure that our community, Haile Plantation, was represented! So, for your viewing pleasure, I bring you "Visions of Haile Plantation".....my first-ever YouTube posting thingy! Enjoy! Oh, and don't bother making popcorn....it'll still be cooking in the microwave after this clip is over. :) Please visit me at http://gatornationrelocation.com to learn about Gainesville, Florida. And if you are ever looking to move to the area, I'd be more than happy to assist you! All best, Coleen