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Gainesville FL Condominium Market Report – October 2013

November 25, 2013 by Chris Bohn

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®.

Gainesville FL Condominium Market Report Oct 2013 

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.

Gainesville FL Condominium Market Report

Gainesville FL Condominium Market Report Oct 2013

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 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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