This information is from the Lake City Board of Realtors, covering the Lake City FL and surrounding areas (Columbia, Suwannee, Hamilton and Union Counties). It is for single family homes that where sold comparing February, 2013 to February, 2012. Single family homes sold in February, 2012 were 28, with 32 single family homes sold in February, 2013. That is a 14.3% increase.
There were 16 homes that closed using cash in February 2013 to only 8 in February, 2012. That is 100% increase.
Looking ahead there were 53 single family homes new pending sales compared to 43 in February, 2102. The inventory is getting smaller too. Comparing the same months again, there was 90 new listings in 2013, compared to 110 in 2012. The median sales price for the same months in 2013 was $104,475 to the 2012 price of $150,000.
As you can see Lake City FL real estate is picking up some. If you are thinking about buying a home, now might be a good time to start. The first thing to do, is to get with a Lender and find out about what kind of loans they have, unless you are paying cash.
Bruce Dicks, Realtor
Coldwell Banker Bishop Realty