home: Summerbrooke Real Estate Market Report Shows Falling Sales - 10/26/11 09:17 AM
Summerbrooke home sales are happening at the slowest rate on record, and this is not good for this Northeast Tallahassee golf course community. We recently performed a similar analysis on Golden Eagle Plantation and found it was having its best year since 2007. Currently, Summerbrooke has only recorded 16 home sales, which is 36% fewer than the 25 closed by this time last year.
Map Of Recent Summerbrooke Home Sales Reminder: If you subscribe to the Tallahassee Real Estate Blog by email, you need to click through to the website to use the map. All points shown on the map can … (2 comments)
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home: How To Determine Changes In Real Estate Demand - 07/02/09 02:30 PM
Have you ever seen something that is so extreme that you think to yourself that you are truly witnessing something remarkable? No, I don’t mean have you seen UFOs flying over the back of your home or Big Foot running through the neighborhood, rather I’m talking about certain market conditions that defy all historic norms and trends.
Below is a real estate graph depicting the 365 day trend of daily home sales in Tallahassee going back to 1991. What this means is that each point on the graph represents one full year of sales (divided by 365 days) to generate a … (0 comments)
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home: Tallahassee, FL: Golden Eagle Home Sales Recovery? - 06/22/09 05:28 PM
It has been a few months since we updated the status of home sales in Golden Eagle Plantation. For those readers new to the area (or new to this blog), Golden Eagle Plantation in Tallahassee is a golf course community that features a highly regarded Tom Fazio golf course and is the center of Killearn Lakes Plantation.
Home sales in Golden Eagle have fallen roughly 70% from the peak of the market, with a monthly average of just under 2 home sales (existing home sales). This mirrors home sales very closely in the rest of the Tallahassee real estate market.
Sales … (0 comments)
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home: Doesn't That Come With The House? - 06/17/09 10:16 AM
It seems that the best real estate blog articles are born from the comments and questions of the readers and subscribers. It makes sure that the content is not only fresh, but it is also based upon the current interests of people active in the Tallahassee real estate market.
Recently, a reader had a question about an offer she is making which concerned the difference between an offer and a real estate contract. She asked:
When we looked at the house we put an offer on, the seller’s disclosure indicated that, among other things, the washer and dryer conveyed with the … (4 comments)
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home: New Home Sales In Tallahassee With Historic Graph - 05/05/09 08:57 AM
As most of our analysis of the Tallahassee housing market focuses on inventory (and specifically supply and demand of homes for sale in Tallahassee), we must always keep a vigilant eye on the state of the new home construction market in Tallahassee.
Each month, we record the number of new single family building permits issued in Tallahassee (Leon County) in order to see what kind of effect new homes will have on the market.
See The Tallahassee New Home Construction Graph … (2 comments)
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home: Discover How To Find The Absolute Bottom Of THe Real Estate Market - 04/15/09 05:27 AM
Just a reminder that the Tallahassee Real Estate Newsletter was mailed to subscribers on Monday morning. If you have not yet subscribed, you can do so at the end of this article. It is easy and does not even take a minute to subscribe to the Tallahassee Real Estate Newsletter.
One of the interesting real estate graphs that we observe on a daily basis has the one year inventory trends for single family homes, condominiums and townhouses in the Tallahassee real estate market. These trends, or specifically the close monitoring of these trends, should lead us to the discovery of the … (2 comments)
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home: How To Make Your Offer To Buy Real Estate - 03/27/09 09:59 AM
I was talking with a Tallahassee REALTOR® yesterday and we were discussing an offer he had just made on a foreclosure offering in Tallahassee. We discussed strategy for making an offer to a bank (the home had been foreclosed upon and was for sale by the bank that held the financing on the home) and how the strategy had to be different than when making an offer to a typical homeowner.
Regardless of who is receiving the offer, there is a definite plan one should follow if attaining the property at the best price is the primary goal. Too often, I … (0 comments)
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home: Competition Is Heating Up In Real Estate - 03/20/09 06:14 AM
If you have a home for sale in Tallahassee, you better understand what you are up against. As we saw in yesterday’s February Housing Report, prices are dropping in the Tallahassee real estate market. Today, I will address a few thoughts from the comments that I am hearing from frustrated homeowners in our market.
Just as a quick reminder, the Tallahassee Real Estate Newsletter will be published and distributed again on Monday next week. We only send our newsletter to subscribers, so subscribe today!
Read the rest of this entry
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home: 17 Graphs Depict Slowing Real Estate Market - 03/18/09 05:59 AM
The February real estate sales data has been tabulated and the results have been posted on the Tallahassee Real Estate Web Site. As we predicted last month, February marks the 32nd consecutive month of declines in units sales and we are now starting to see significant drops in pricing. Make sure you check out the second graph which shows the average price of a home in Tallahassee has dropped into the mid $180s. Below are 16 different graphs which you can see in a larger format by clicking the link below them. Each link takes you to further analysis of … (4 comments)
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home: Home Inventory Report By Area Shows What's Hot And What's Not - 03/17/09 06:54 AM
Every month we pull all the data from the Tallahassee Board of REALTORS® Multiple Listing Service (MLS) in order to determine the months of supply of homes, by price range. This report is a great snapshot that is valuable to people who want to buy a home in Tallahassee as well as to people who want to sell a home in Tallahassee. Think of this as the “competition report” for each price range.
Each area of Leon County (Tallahassee Real Estate Market) is broken down by homes for sale and homes that have been sold. The report shows new home … (0 comments)
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home: Are You Tracking These Key Housing Trends? - 03/03/09 08:10 AM
If you are truly interested in keeping tabs on your local housing market, there are some key trends I would recommend that you add to your daily observances. By viewing these on a regular basis, you’ll know what is happening before anybody else.
See Enlarged Graph And Detailed Explanation
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home: Real Estate Forecast With A 99% Confidence Level - 03/03/09 05:18 AM
In case you have not heard, we published our 3rd Edition of the Tallahassee Real Estate Newsletter. If you are not already on our exclusive subscription list, you can join for free in the form http://www.manausa.com/market-newsletterhome.php. All it takes is a name and an email, and you’ll receive the most analytical report of the Tallahassee real estate market that can be found.
I will start today’s blog by saying you will want to bookmark this page immediately. In January of next year, when the 2009 home sales numbers have been posted, you will be able to come back here in order … (3 comments)
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home: Pre-Approved Short Sale In Tallahassee - 03/02/09 07:09 AM
So you’re interested in buying a home in Tallahassee and you start to do your research. If you are like 92% of homebuyers in the United States, you start your search on the internet. You most likely find the best place on the internet to view Tallahassee homes for sale and you start your hunt for the perfect Tallahassee home.
After hours of looking at all the pictures of homes for sale in Tallahassee, you come across what appears to be your perfect home. You see a house that is both exciting as well as aggressively priced. In bold headlines it … (0 comments)
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home: Critical Real Estate Inventory Report Keeps You Informed - 02/28/09 09:31 AM
Keeping a watchful eye on home inventory trends in your local real estate market will allow you to be one-up on your competition, whether you are selling a home, buying a home, or work in the real estate brokerage business. The following real estate graph shows short-term trends and the long-term trend on home inventory in the Tallahassee real estate market.
Continue Here For Brief Explanation Of Inventory Graph … (0 comments)
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home: Most Of Florida Real Estate Markets Rebounding - 02/27/09 05:51 AM
Five months in a row we have seen year over year home sales improve in Florida. This is good. This is wonderful. But this has not yet made it uphill to Tallahasseee. Last week we reported in the Tallahassee Real Estate Blog that Tallahassee had just experienced 31 straight months of year-over-year declines in home sales.
Tallahassee has always seemed to lag the rest of Florida in the housing market. In 2006, when other markets were reporting incredible drops in home sales, Tallahassee was still holding on to remnants of the boom market. I remember thinking “our market is more stable … (0 comments)
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home: Have A Clear Understanding Of Current Real Estate Market Conditions - 02/25/09 07:55 AM
Everybody always wants to know “How is the real estate market?” I think the answers can be found through prudent research and a simple study of the current supply and demand elements in any given market. While real estate is local, you can use the Tallahassee real estate market as a fair microcosm of the national housing market.
You can read The Market Bulletin for updates a couple a times a week, where you will find analysis and great visual aids such as the following real estate graph. Please note in the graph that the information represents a “trailing … (2 comments)
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home: How To Pick The Right Neighborhood For Your Family - 02/24/09 06:06 AM
I received a question from a reader that I felt would make a terrific topic for a blog post. “Joyce M.” wrote
We will be looking to buy later this year sometime and don’t want to over-pay. Property taxes are not low in Tallahassee. What are the best neighborhoods [safety, value, upscale] for homes $300,000-$325,000 range built after 2000 with gas fireplace, and about 2000-2300 sq ft; thanks.
As you can tell, this is not a simple “quick answer” type of question, and it parallels a question I received recently from a long-time friend who wondered what area of Tallahassee … (2 comments)
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home: Tallahassee, FL: Year Over Year Home Sales Continues Decline Trend - 02/22/09 08:00 AM
One statistic that I like to examine each month in the Tallahassee real estate market is how we performed in the recent month versus the same month the previous year. Unfortunately for Leon County, Florida, we have seen a record 31 straight months of declines in our home sales.
For more charts, graphs and analysis of the Tallahassee real estate market, please visit The Market Bulletin on the Tallahassee Real Estate Web Site.
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home: How To Measure The Affect Of Seasonality In Real Estate - 02/22/09 07:30 AM
I have to chuckle when I read the occasional blog or report that shows “activity growing” in the housing market. One key metric to understand for any real estate market is the local affect of seasonality on that market. Over many years of measuring, one can understand how each month of the year historically performs (thus demonstrating the seasonality affect). The following real estate graph shows Seasonality in the Tallahassee real estate market. You can click on the graph for a full-size view.
For more charts, graphs and analysis of the Tallahassee real estate market, please visit … (0 comments)
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home: Short Term Home Inventory Growth A Growing Concern - 02/22/09 07:20 AM
Keeping a vigilant eye on the home supply situation in Leon County, Florida helps us identify changes in the real estate market as they occur. One such trend to track is the short-term inventory trend, which has been showing growth since early February.
[Click Image To Enlarge]
For more charts, graphs and analysis of the Tallahassee real estate market, please visit The Market Bulletin on the Tallahassee Real Estate Web Site.
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