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Real Estate Values in Gainesville

Craig Wilburn
Craig Wilburn

It will likely remain a buyer’s market in Gainesville because the Gainesville area hit its real estate downturn later, in 2008. Median home prices declined 8% last year. Foreclosures and short sales make up 25% of the market, with fears that number may grow higher this year, says Craig Wilburn, a broker with Bosshardt Realty Services and president of the local real estate association.

What will $200,000 and $500,000 buy in Gainesville?

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$200,000 $500,000

Long Leaf Village
Square Feet: 1,857
Bedrooms/Baths: 3/2
Age: 7
Selling Price: $199,900

The home, in a subdivision popular with first-time home buyers, is a 10-minute drive to the University of Florida campus. It last sold in 2006 for $262,900.

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Newberry
Square Feet: 3,908
Bedrooms/Baths: 4/3½
Age: 6
Selling Price: $480,000

The home is in a pedestrian-friendly town center with shops and restaurants.