Gainesville Florida real estate market report for Condominiums & Townhomes SOLD in February 2014
This chart reflects the stats for December 2013, January 2014, and February 2014. We are now reporting “New Active Listings”, Pending Sales, and Closed Sales. This data is compiled from the Gainesville Multiple Listing Service & Florida Realtors® research and statistical reports. You will find interesting stats and we plan to publish these monthly reports after the 21st of each month
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 26 total sales for February and 22 of those sales were Cash Buyers. Historically, February has always been a slow month in the Gainesville market. And you will see an increase in NEW listings and Pending Sales!
The Gainesville condominium real estate market continues to be good for buyers. Our market statistics for closed sales show that the majority of condo buyers are “cash” buyers. 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.