Gainesville FL Condominium Market Report
Gainesville Florida real estate market report for Condominiums & Townhomes SOLD for NOVEMBER 2013 This chart reflects the stats for September, October & November of 2013. We are now reporting “New Active Listings”, Pending Sales, and Closed Sales. This data is compiled from the Gainesville Multiple Listing Service & Florida Realtors®.
We are now incorporating the research and statistical reports from Florida Realtors® Association each month, and find that some interesting stats are worth sharing here. 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 two displays below, you can see the large percentage of cash sales in our local Condo & Townhome market. There were 35 total sales for November and 23 of those sales were Cash Buyers. The positive news on these stats are that the median & average prices are UP!
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.