Gainesville FL Condominium Market Report
Here is the Gainesville Fl Condominium Market Report for October 2012 that shows (3) Month Statistics on the Gainesville Florida Condominium & Townhouse Market. These charts reflects the August, September, and October 2012 data of units sold. This data is compiled from the Gainesville Multiple Listing Service.
This first chart below shows the total number of active listings in the MLS and how that compares to the number of pending sales, and the closed sales for each month. You will see that our inventory of active listings has inched up a bit in October. The number of closed sales are higher this month, and pending sales have held the same for October. This reflects a normal slow-down in condo sales for the 4th quarter. Yet the Gainesville Condo Market is ripe for investor buyers. The current inventory is ready for investors considering the Gainesville condominium market.
This next chart shows the average days on the market for the Gainesville Condominium market and that numbers relationship to Closed Sales and Pending Sales. This October activity shows that the “Days on the Market” statistic has gone down to 123 days. Our area has a high inventory for condos & town homes, and competitive prices. Investors should consider the condominium market in Gainesville FL!
The Gainesville condominium market continues to be good for buyers. The prices are down, and the inventory of active units shows a stable level. 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.
Click Here for the January 2012 Condo Report
If you are interested in buying a townhome or condominium in Gainesville, please call me! I’d love to help you.