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Condos Sold in Gainesville Report - May 2013

By
Real Estate Agent with RE/MAX Professionals BK659643

Gainesville Florida real estate market report for Condominiums for May 2013 that shows (3) Month Statistics on the Gainesville Florida Condominium & Townhouse Market.   These charts reflects the March, April and May of 2013  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 increased in May.    The number of closed sales and pending sales are BOTH up for the month of May.   The Gainesville Condo Market is ripe for investor buyers.  The current inventory is ready for investors considering the Gainesville condominium market.

Condo Report-May2013-Gainesville_APC

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.  Our May 2013 activity shows that the "Days on the Market" statistic continues to fall, and this is a good indicator.   Our area has a strong inventory for condos & town homes at very competitive prices.   Investors should consider the condominium market in Gainesville FL!

Condo Report-May2013-CDP

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.

Click Here for the April 2013 Reports

Click Here for the March 2013 Report

Click Here for the February 2013 Report

Click Here for the January 2013  Report

Click Here for the December 2012 Report

Click Here for the November 2012 Report

Click Here for the Septermber 2012 Report

Click Here for the August 2012 Condo Report

Click Here  for the July 2012 Condo Report

Click Here for the June 2012 Condo Report

Click Here for the May 2012 Condo Report

If you are interested in buying a townhome or condominium in Gainesville, please call me!  I’d love to help you.

 

Originally Posted at: Gainesville Real Estate Talk

Comments (1)

David Saks
Memphis, TN
Broker / Industry Analyst


Thanks for sharing this valuable information. Hopes for your continued success.

Jul 04, 2013 09:34 PM