Here is the Gainesville Fl Condominium Market Report for August 2012 that shows (3) Month Statistics on the Gainesville Florida Condominium & Townhouse Market. These charts reflects the June, July and August 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 gone down, and shows a higher number of pending contract. The month of August shows 48 closed sales, which is down from the month of July. This reflects that most student condo sales are at the end of the student/condo season. Yet the Gainesville Condo Market is ripe for the 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. The August 2012 activity shows that the “Days on the Market” is significantly down, which shows that the inventory is moving. It’s condo buying season in Gainesville FL! Investors should consider the condominium market!
The Gainesville condominium market continues to be good for buyers. The prices are down, and the inventory of active units shows a stable level. 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.