Gainesville FL Condominium Market Report
Here is the Gainesville Fl Condominium Market Report for December 2012 that shows (3) Month Statistics on the Gainesville Florida Condominium & Townhouse Market. These charts reflects the October, November and December 2012 data of units sold. This data is compiled from the Gainesville Multiple Listing Service.
This first chart below shows the total number of active listings in the MLS and how that compares to the number of pending sales, and the closed sales for each month. You will see that our inventory of active listings has inched DOWN again for the month of December. The number of closed sales are up sharply for December and this is due to most buyers wanting a closed sale by year end to help them qualify for homestead exemption in 2013. Pending sales have a sharp decrease that is directly related to the closed sales this month. The Gainesville Condo Market is ripe for investor buyers. The current inventory is ready for investors considering the Gainesville condominium market.
This next chart shows the average days on the market for the Gainesville Condominium market and that numbers relationship to Closed Sales and Pending Sales. Our December activity shows that the “Days on the Market” statistic has a reduction to 178 days. Our area has a strong inventory for condos & town homes at very competitive prices. Investors should consider the condominium market in Gainesville FL!
The Gainesville condominium market continues to be good for buyers. The prices are down, and the inventory of active units has fallen. 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.
Click Here for the January 2012 Condo Reports
If you are interested in buying a townhome or condominium in Gainesville, please call me! I’d love to help you.