November 27, 2016
Let's check in with Kenwood, a great neighborhood in Southwest Gainesville located just off of Tower Road near Archer Road, making it convenient to both shopping and dining on Newberry Road as well as to the Oaks Mall and the Archer Road/I-75 Corridor.
The big news in this neighborhood is that there is currently 9.6 months of inventory available represented by four homes on the market. This level of inventory indicates a trend toward a buyer's market, which is unique for Gainesville and Alachua County right now, which are overall seller's markets featuring 3.7 months and 4.3 months of inventory, respectively. If you are looking to purchase a home in a great area of Gainesville, Kenwood may be just the right fit.
Buyers have the upper hand here right now, especially when looking at the drop in the average price per square foot over the last six months, which has gone from $139.12 to $124.18. Furthermore, the average seller discount has increased from 2.85% to 3.66% over the same time, which also bodes well for buyers.
A major selling point of properties in this neighborhood is the lot size, where they average at least an acre and feature homes that average approximately 3,000 square feet. Homes here are of newer construction, and the neighborhood is walking distance to Kanapaha Park. Plus, many homes in the neighborhood have been recently renovated and feature plenty of upgrades, making them move-in ready.
This is definitely a neighborhood worth checking out in Gainesville, and if you are ready to buy, you won't want to miss it!
