Gainesville Florida real estate market report for Condominiums & Town homes SOLD in November 2014. Here you will see the stats on Condos and Townhouse data for November 2014. Our winter season sets in with cooler weather and HAPPY HOLIDAYS !!
This chart reflects the stats for September, October and November 2014. The chart below shows New Active Listings, Pending Sales, and Closed Sales. 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 21st 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 53 total sales in November and 36 of those sales were Cash Buyers. Closed sales are UP for November. And another month of strong increase is Median Sales Price from last year. Average Sales Price is also UP!
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.