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Often times we get letters (email) from readers asking if anybody is doing detailed real estate analysis on the counties surrounding Leon County (Gadsden County, Wakulla County and Jefferson County). Just recently we received the following from a reader in Wakulla County: I live in Wakulla and am very interested in the Wakulla market as an active chamber member and serve on a infrastructure committee. Do you have any statistics that just deal with Wakulla that are as comprehensive as what you do for Leon? Thank you for what you do I always enjoy your articles. JS Unfortunately, I (0 comments)
The Florida Association Of Realtors released reports this week showing the Florida condominium market is still struggling. The end of year numbers for condos (download the Florida Condo Sales Report) showed a statewide drop of 10% in condo unit sales and a 20% drop in median condo sales prices. Seeing this report made me wonder how condo sales in Tallahassee have done. For the purpose of study, I’ve lumped condominiums and townhouses together (attached units) as I feel that they are perceived to be the same by buyers and sellers, therefore creating one market (single-family, attached homes). What I found (0 comments)
There is plenty of news in the national media about foreclosures. From everything that I have read, I suspect for every 100 foreclosures that have and will hit the real estate market during our current housing crisis, we have only seen 2 or 3. The bulk of the foreclosures have yet to hit the market. The Tallahassee housing market is not impervious to the foreclosure epidemic that is sweeping the nation. We have been posting the monthly foreclosure updates on the Tallahassee Real Estate Web Site in order to keep an eye for trends. After doing so for a year, (4 comments)
We like to track as much of the Tallahassee residential real estate market as we can at the Tallahassee Real Estate Blog. We know that vigilance in our observance will generate insight that will guide us in the future movement of the housing market in Tallahassee. As we were preparing our monthly real estate graphs (for the month of December 2008), one statistic really jumped out from all of the others. If you weren’t paying very close attention yesterday, you might have missed it. Did you catch it? See The Tallahassee Lot Sales Graph (0 comments)
The month of December saw a continuation of the slower sales for homes in the Tallahassee real estate market. Unit sales were very low for December, thus registering our 30th straight year-over-year drop (December 2008 vs. December 2007). December is usually an average month because there are many buyers who want to get in their homes before the end of the year in order to take advantage of the Florida Homestead Tax savings. Unfortunately, this was not the case in 2008. Nor were new contracts as robust as we were hoping, leading me to expect that January will also be (4 comments)
With all the talk and commentary that the Tallahassee Real Estate Blog has focused on housing inventory, you would think that we would have dedicated quite a few articles on new construction in the Tallahassee real estate market. But the fact is, we have always included our permits and sales charts in our Monthly real estate market reports. So, why do I bring this up now? Because we have seen the average monthly single family permit activity drop to a level lower than at any time since I have been tracking it. This is absolutely terrible news for the new (0 comments)
Tallahassee, FL: 30 Reasons 2009 Will See Better Results .... Guaranteed! - 01/27/09 08:04 PM
The data for December has now arrived, so I will be assembling all of the Tallahassee real estate market reports for the end of 2008. It is a lot of work, but it helps me to understand exactly what is going on in our housing market and the analysis provides us some insight as to what to expect from the market in 2009. December was down again, compared to December of 2007, but that was already expected as we have explained in previous blog posts on the Tallahassee Real Estate Blog. So, if December was down (again), what are the reasons (0 comments)
The month of December saw a continuation of the slower sales for homes in the Tallahassee real estate market. Unit sales were very low for December, thus registering our 30th straight year-over-year drop (December 2008 vs. December 2007). December is usually an average month because there are many buyers who want to get in their homes before the end of the year in order to take advantage of the Florida Homestead Tax savings. Unfortunately, this was not the case in 2008. Nor were new contracts as robust as we were hoping, leading me to expect that January will also be (6 comments)
25 Ways To Get More Traffic To A Real Estate Blog - 01/25/09 02:11 PM
We have just posted the 25th Edition of the Real Estate Market Reports Blog Carnival. If you have not participated in the carnival, then you are missing out on a great way to drive traffic to your blog. Each week, the Real Estate Market Reports Blog Carnival gathers together localized information from real estate professionals all around the United States (and beyond). Our goal is to create a place with real information posted by real estate bloggers which is much more accurate than the consolidated MLS reports that NAR publishes. There are hosts of other blog carnivals that you can submit (8 comments)
For those of us who are in the real estate industry, I suspect we watch the housing market a whole lot more closely than the rest of America, even though nearly 70% of the country owns their own home. But if everyone were to just peak at one great real estate report each month, I would recommend a housing report that showed the trend of activity in each of the critical status categories as reported by the local MLS. By tracking movement of inventory in the MLS, one is able to tell if the market is expanding or contracting, and (12 comments)
A Sixth Grader's View On The 44th Presidency - 01/20/09 05:07 PM
After working on the Tallahassee Real Estate Newsletter all weekend, I am so glad that it has been published and it is now “scheduled” and will be published every third Monday. For those of you who did not yet receive a copy of the 8-page report on Tallahassee housing, you can subscribe to the newsletter in the form on the right. For those of you who have already read the report, please keep the feedback coming so that each issue improves upon the last. On a different note, President Barack Obama becomes the 44th President of the United States today. Why (10 comments)
Today is the big day that has loomed over my head for several weeks since I announced we would get our Tallahassee Real Estate Newsletter launched today. Well, it has been launched! Today’s inaugural edition is 8 pages long and has a very detailed analysis of the current state of the Tallahassee Housing Market. Every month, we publish the Tallahassee Home Inventory Report which breaks Leon County into four quadrants and reports the “months of supply” of homes in each quadrant, by price range. The report actually has some good news this time! Read the rest of this entry (0 comments)
I was having a discussion with a new friend yesterday about what it takes to be a successful real estate agent in the Tallahassee real estate market. With the market down over 50% from the high, you can imagine that real estate brokerage is a tough business in which to make a living these days. The really tough thing about this market is that there are so many people who have their homes for sale in Tallahassee who will not be selling their home this year. In our real estate newsletter, I estimate that less than 40% of the homes (16 comments)
The buzz around town (at least in my Tallahassee Real Estate world) is everybody speculating about what the Tallahassee housing market is going to do this year. In yesterday’s blog, I summarized Dr. Hank Fishkind’s 2009 Real Estate Forecast for the State of Florida, as well as what his expectations are for the Tallahassee real estate market. We will go into great detail about his findings in our newsletter (click here for The Tallahassee Real Estate Newsletter). But just as I pointed out last year, Fishkind uses numbers that differ with mine. If you are a regular reader of the (2 comments)
Every year at this time, the Attorneys’ Title Insurance Fund publishes its Real Estate Forecast. This year, the report does little to bring enthusiasm to a much beleaguered market, instead predicting Florida’s economy to lag the rest of the country. The report has been published since 1975 by economist Hank Fishkind (The man behind the curtain....) and uses deed data for more than 30 Florida counties, including Leon. It gives us a chance to see how Leon County projects versus the rest of the State. Unfortunately, Dr. Fishkind projects that most Florida housing markets will be down this year and (4 comments)
If you own a Condo in Florida (and are not a developer), then you need to know about a new disclosure that you are required to provide for prospective buyers, effective January 1, 2009. This five page condo disclosure from the Department of Business and Professional Regulation (DBPR) details the rights and responsibilities of condominium boards and unit owners, voting rights and responsibilities, meeting notices, and other governance matters. While disclosure’s have been required in the past, this actual form must be utilized in for Florida condominium resales in order to insure that condo buyers are being given the information (2 comments)
Blog Carnivals Deliver Readers To Your Site - 01/11/09 12:52 PM
We have just posted the 23rd Edition of the Real Estate Market Reports Blog Carnival. If you have not participated in the carnival, then you are missing out on a great way to drive traffic to your blog. Each week, the Real Estate Market Reports Blog Carnival gathers together localized information from real estate professionals all around the United States (and beyond). Our goal is to create a place with real information posted by real estate bloggers which is much more accurate than the consolidated MLS reports that NAR publishes. There are hosts of other blog carnivals that you can submit (18 comments)
If you have been searching for a place to find out what is going on in your Tallahassee Neighborhood, then you stumbled upon the right spot! And you can thank our reader “Nick” for today’s post. In a recent comment, Nick wrote: Joe, Last fall I remember seeing a very detailed report on the Tallahassee housing market by neighborhood that included a lot of information including, among other things, the average $/sf of for-sale and sold properties, the number of properties for sale and the number sold, etc. and a column describing each neighborhood as a buyers or sellers market. (0 comments)
One question that I get from time to time is “how is the Tallahassee real estate market compared to other cities in the U.S.?” I usually answer this one “from the hip” based upon what I read on the internet and what I hear on the radio, but I’ve decided to take a closer look at this issue. Today’s real estate blog takes a look at some of the cities measured by Case-Shiller, one of the leading national housing research companies, in order to compare Tallahassee real estate to other markets. I have heard about how far national housing prices (2 comments)
The continuation of the three-year-old bear market in real estate has brought many people forward to comment on the condition of the real estate market. It seems for everybody with an opinion, there are an equal number of theories about where the housing market is going. So, not to be left out of the crowd……. I thought I would chime in with an (updated) opinion of my own. You cannot have a clear view of any market without tracking the key trends for that industry. The single most important real estate trend that everybody with an interest in the housing (2 comments)
One of my peers in the Tallahassee real estate market needs some help, so I thought I’d pass the word through here. Beth McGrotha had a partial hip replacement the beginning of December and has had complications which require surgery again next week. If this surgery does not correct the problem, she will have to have a complete replacement. If you or somebody you know has type A+ blood and would like to donate on behalf of beth, please call Deborah Thompson at (850) 933-1349. (0 comments)
The preliminary results of the real estate survey are very interesting and I thought I would share them with the readership of the Tallahassee Real Estate Blog. We asked our readers questions in order to determine the best format for our real estate newsletter. In order to provide a great report on current interest surrounding the real estate market, we felt the readers would guide us on key decisions such as frequency, delivery mechanism, content, and delivery date. They did not disappoint us at all and the results were somewhat surprising. See All The Results From This Amazing Survey (14 comments)
Increase Traffic To Your Blog With Easy To Use Method - 01/04/09 03:37 PM
We have just posted the 22nd Edition of the Real Estate Market Reports Blog Carnival. If you have not participated in the carnival, then you are missing out on a great way to drive traffic to your blog. Each week, the Real Estate Market Reports Blog Carnival gathers together localized information from real estate professionals all around the United States (and beyond). Our goal is to create a place with real information posted by real estate bloggers which is much more accurate than the consolidated MLS reports that NAR publishes. Again, a super benefit derived from the Real Estate Market Reports (18 comments)
We are currently working on the format of our real estate newsletter to which many of our readers have subscribed. We are seeking input on what our readers would like to see in the newsletter and we are also in the process of deciding our publishing schedule (once or twice per month). This newsletter is the result of numerous requests from our readers to provide more in-depth discussions pertaining to the real estate market. Please comment below with any suggestions for our staff. Thus far, we have assembled a real estate broker, a commercial mortgage broker, a real estate attorney, (2 comments)
Since this is the last day of 2008, I thought I would take a look at the point of origin from where our visitors to the Tallahassee Real Estate Blog originated their journey. I was pleasantly surprised to see that in our first year of publishing information on the Tallahassee real estate market, we were able to attract readers from around the world, including 143 different countries and all of the States in our great Country!
Link To How Tallahassee Real Estate Marketing Is International (6 comments)
While the Tallahassee Real Estate Blog usually analyzes information about the Tallahassee real estate market, we also can tell from our traffic reports that many of our readers like to see what is going on by subdivision (or neighborhood). Today’s blog is just a very large table of all sales, listed by total number of recorded sales per year, by subdivision in the Tallahassee real estate market. The real estate report shows all Tallahassee neighborhoods which have had a sale in the past five years (this year through November) and is sorted by the most sales per neighborhood in 2008. (2 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.