Gainesville Florida real estate market report for Condominiums & Town homes SOLD in December 2014. Here you will see the stats on our local condominium market. This wraps up the 2014 year for stats.
This chart below shows the stats for October, November and December 2014. New Active Listings, Pending Sales, and Closed Sales are displays for comparison. This data is compiled from the Gainesville Multiple Listing Service & Florida Realtors® research and statistical reports. Each month we compile these posts, we plan to publish these monthly reports after the 23rd of each month. Bookmark this site for Gainesville real estate information!
Cash Sales percentage of total sales has become a significant issue. In the display below, you can see the large percentage of cash sales in our local Condo & Town Home market. There were 55 total sales in December and 35 of those sales were Cash Buyers. Closed sales are UP compared to the last month and also UP 12% from this time last year. And another month of strong increase is Median Sales Price from last year. Average Sales Price is up 18% from last year as well.
The Gainesville condominium real estate market continues to be good for buyers. Our market statistics for closed sales show that condo buyers are now getting mortgages for their condo purchases. The biggest obstacle for condominium sales is a buyer’s ability to obtain a mortgage. Each condominium complex will be analyzed by the mortgage lender & underwriters for loan approval. Call me to find out which condo complexes will qualify for FHA Financing. Your lender will want to know if the condominium you are interested in is a “true condo” or a PUD (Planned Unit Development).
Cash Buyers and Investors have excellent opportunities in the Gainesville market.