Gainesville Florida real estate market report for Condominiums & Townhomes SOLD for October 2013 This chart reflects the stats for August, September and October 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.
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 38 total sales for October and 33 of those sales were Cash Buyers. The tables below shows a full year’s history of cash sales compared to total 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.