Gainesville FL Condominium Market Report October 2017

This Gainesville FL condominium market report is compiled from our local MLS and Florida Realtors Research Department. The October 2017 market report shows some positive numbers for the fall condo market. The new listings coming on the market are UP from last month. The closed sales for October are reported at 51 units. Pending sales are 66 units.

This chart below shows the stats for August, Sept & October. The last three months of data are displayed below of new active listings,  new 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 23rd of each month. Bookmark the GainesvilleRealEstateTalk blog!

This next table compares October 2017 to October 2016. Condominium sales compared to last month are stable.  There were 51 closed sales in October 2017 and 28 of those sales were cash transactions. Available inventory is down 5.4% this month and this is an indicator that the available condos for sale less than we had last year. The Average sales has increased by 15.6% from last year. The medium time to contract shows 53 days. The full detailed report is available here in our library.

The Gainesville condominium real estate market continues to be good for 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. Finding any lender on a Florida condo has been tough, so be prepared when shopping for a lender on your condo purchase. Ask your Realtor if a unit you are considering is a true condo or a PUD (Planned Unit Development). Lenders and their underwriters are scrutinizing the condo association’s budget and ownership ratios to determine if they will offer financing.Your lender will want to know if the condominium you are interested in is a “true condo” or a PUD (Planned Unit Development).

Condominiums could be a good real estate investment for the Gainesville market.

Search for Gainesville Condos for Sale!

Cash Buyers and Investors have excellent opportunities in the Gainesville market.

Are you ready to start looking for a Gainesville Condo?  Give us a Call!

 

Gainesville FL Condominium Market Report September 2017

This Gainesville FL condominium market report is compiled from our local MLS and Florida Realtors Research Department. Our September 2017 market report shows our typical slow down in our Gainesville condo market. The new listings coming on the market are down from last month as well, which is normal for the fall slow season. The closed sales in September are reported at 44 with 53 now pending to close.

This chart below shows the stats for July, August & Sept. The last three months of data are displayed below of new active listings,  new 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 23rd of each month. Bookmark the GainesvilleRealEstateTalk blog!

This next table compares Sept. 2017 to Sept. 2016. Condominium sales compared to last month are stable.  There were 44 closed sales in September 2017 and 30 of those sales were cash transactions. Available inventory is down 3.8% this month and this is an indicator that the available condos for sale less than we had last year. The Average sales price is down 5%. The medium time to contract shows 48 days. The full detailed report is available here in our library.

The Gainesville condominium real estate market continues to be good for 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. Finding any lender on a Florida condo has been tough, so be prepared when shopping for a lender on your condo purchase. Ask your Realtor if a unit you are considering is a true condo or a PUD (Planned Unit Development). Lenders and their underwriters are scrutinizing the condo association’s budget and ownership ratios to determine if they will offer financing.Your lender will want to know if the condominium you are interested in is a “true condo” or a PUD (Planned Unit Development).

Condominiums could be a good real estate investment for the Gainesville market.

Search for Gainesville Condos for Sale!

Cash Buyers and Investors have excellent opportunities in the Gainesville market.

Are you ready to start looking for a Gainesville Condo?  Give us a Call!

Gainesville FL Condominium Market Report August 2017

This Gainesville FL condominium market report is compiled from our local MLS and Florida Realtors Research Department. This August 2017 market report shows a steady high level of pending sales. The new listings coming on the market are down from last month and could be an indicator reduced homes coming on our summer market.  The closed sales in August are reported at 85 with 61 now pending to close.

This chart below shows the stats for June, July & August. The last three months of data are displayed below of new active listings,  new 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 23rd of each month. Bookmark the GainesvilleRealEstateTalk blog!

This next table compares August 2017 to August 2016. Condominium sales compared to last month are stable.  There were 85 closed sales in August 2017 and 50 of those sales were cash transactions. Available inventory is down 12% this month and this is an indicator that the available condos for sale less than we had last year. The Average sales price is up 4.5%. The medium time to contract shows 31 days, and during the summer, the condos sell quickly.  The full detailed report is available here in our library.

The Gainesville condominium real estate market continues to be good for 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. Finding any lender on a Florida condo has been tough, so be prepared when shopping for a lender on your condo purchase. Ask your Realtor if a unit you are considering is a true condo or a PUD (Planned Unit Development). Lenders and their underwriters are scrutinizing the condo association’s budget and ownership ratios to determine if they will offer financing.Your lender will want to know if the condominium you are interested in is a “true condo” or a PUD (Planned Unit Development).

Condominiums could be a good real estate investment for the Gainesville market.

Search for Gainesville Condos for Sale!

Cash Buyers and Investors have excellent opportunities in the Gainesville market.

Are you ready to start looking for a Gainesville Condo?  Give us a Call!

Gainesville FL Condominium Market Report July 2017

This Gainesville FL condominium market report is compiled from our local MLS and Florida Realtors Research Department. This July 2017 market report shows a steady high level of pending sales. The new listings coming on the market are down from last month and could be an indicator reduced homes coming on our summer market.  The closed sales in July are reported at 87 with 98 now pending to close. It’s a HOT summer condo market!

This chart below shows the stats for May, June and July. The last three months of data are displayed below of new active listings,  new 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 23rd of each month. Bookmark the GainesvilleRealEstateTalk blog!

This next table compares July 2017 to July 2016. Condominium sales compared to last month are up which is a sign of our strong summer market. Yet our number of sales compared to last year is down 12%.  There were 87 closed sales in July 2017 and 54 of those sales were cash transactions. Available inventory is down 26% this month and this is an indicator that the available condos for sale less than we had last year. The Average sales price is up 7%. The medium time to contract shows 35 days, and during the summer, the condos sell quickly.     The full detailed report is available here in our library.

The Gainesville condominium real estate market continues to be good for 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. Finding any lender on a Florida condo has been tough, so be prepared when shopping for a lender on your condo purchase. Ask your Realtor if a unit you are considering is a true condo or a PUD (Planned Unit Development). Lenders and their underwriters are scrutinizing the condo association’s budget and ownership ratios to determine if they will offer financing.Your lender will want to know if the condominium you are interested in is a “true condo” or a PUD (Planned Unit Development).

Condominiums could be a good real estate investment for the Gainesville market.

Search for Gainesville Condos for Sale!

Cash Buyers and Investors have excellent opportunities in the Gainesville market.

Are you ready to start looking for a Gainesville Condo?  Give us a Call!

 

Gainesville FL Condominium Market Report June 2017

This Gainesville FL condominium market report is compiled from our local MLS and Florida Realtors Research Department. This JUNE 2017 market report shows a steady high level of pending sales. The new listings coming on the market held strong compared to last month and it is a good indicator for our strong spring market.  The closed sales in June are reported at 108 units. It’s a HOT summer condo market !

This chart below shows the stats for April, May and June. The last three months of data are displayed below of new active listings,  new 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 23rd of each month. Bookmark the GainesvilleRealEstateTalk blog!

This next table compares June 2017 to June 2016. Condominium sales compared to last month are up which is a sign of our strong summer market.  There were 108 closed sales in June 2017 and 61 of those sales were cash transactions. Available inventory is DOWN 31% this month and this is an indicator that the available condos for sale less than we had last year. The Average sales price is up slightly at 2%. The medium time to contract shows 23 days, and during the summer, the condos sell quickly.     The full detailed report is available here in our library.

The Gainesville condominium real estate market continues to be good for 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. Finding any lender on a Florida condo has been tough, so be prepared when shopping for a lender on your condo purchase. Ask your Realtor if a unit you are considering is a true condo or a PUD (Planned Unit Development). Lenders and their underwriters are scrutinizing the condo association’s budget and ownership ratios to determine if they will offer financing.Your lender will want to know if the condominium you are interested in is a “true condo” or a PUD (Planned Unit Development).

Condominiums could be a good real estate investment for the Gainesville market.

Search for Gainesville Condos for Sale!

Cash Buyers and Investors have excellent opportunities in the Gainesville market.

Are you ready to start looking for a Gainesville Condo?  Give us a Call!

Gainesville FL Condominium Market Report May 2017

This Gainesville FL condominium market report is compiled from our local MLS and Florida Realtors Research Department. Our May 2017 market report shows a steady high level of pending sales. The new listings coming on the market held strong compared to last month and it is a good indicator for our strong spring market.  The closed sales in May are reported at 96 units.

This chart below shows the stats for March, April and May. The last three months of data are displayed below of new active listings,  new 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 23rd of each month. Bookmark the GainesvilleRealEstateTalk blog!

This next table compares May 2017 to May 2016. Condominium sales compared to last month are up which is a sign of our increasing spring market.  There were 96 closed sales in May 2017 and 51 of those sales were cash transactions. Available inventory is DOWN 26% this month and this is an indicator that the available condos for sale less than we had last year. The Average sales price is off slightly from last year. Closed sales are up 17% from this time last year.

The Gainesville condominium real estate market continues to be good for 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. Finding any lender on a Florida condo has been tough, so be prepared when shopping for a lender on your condo purchase. Ask your Realtor if a unit you are considering is a true condo or a PUD (Planned Unit Development). Lenders and their underwriters are scrutinizing the condo association’s budget and ownership ratios to determine if they will offer financing.Your lender will want to know if the condominium you are interested in is a “true condo” or a PUD (Planned Unit Development).

Condominiums could be a good real estate investment for the Gainesville market.

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.

Are you ready to start looking for a Gainesville Condo?  Give us a Call!