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Gainesville FL Condominium Market Report – February 2014

March 29, 2014 by Chris Bohn

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

Gainesville FL Condominium Market Report Feb 2014

 

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!

Gainesville FL Condominium Market Report Feb 2014

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).

Search for Gainesville Condos for Sale!

Cash Buyers and Investors have excellent opportunities in the Gainesville market.

The full detailed report is available here in our library.

 

Filed Under: Condos Near UF, Gainesville Market Reports, Gainesville Real Estate, Investor Properties in Gainesville, Market Snapshots Tagged With: gainesville condo, gainesville real estate, market report gainesville condos sold

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The Bohn Team

Christine Bohn, Broker Associate

Michael Bohn, Sales Associate

4011 NW 43rd Street, Suite C
Gainesville, FL 32606


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