home appreciation: The State of the Tallahassee Real Estate Market
- 08/06/18 12:42 PM
Many people believe that understanding real estate market trends is too technical or difficult to comprehend, but it’s much easier than you think. All you need to do to anticipate real estate market movements is study the short and long term trends in housing inventory. Alternatively, you can read my market recap, below. There are four rules about the housing industry that are helpful in discerning market trends: A “good” real estate market simply means that you can sell your home when you want to move. A “balanced” market occurs when housing inventory levels are in the 4 to 7 months of … (0 comments)
home appreciation: Home Appreciation Rates And Your House Today
- 10/08/13 11:58 PM
One of my pet peeves from within the real estate community relates to how many individuals wrongly calculate and report home appreciation rates. They look at the difference in average home prices (not values) over time and correlate the change to rising and falling home values. As I have proven in multiple articles in the past, this produces erroneous results. However, there is a way that we can closely estimate the true home appreciation rate in Tallahassee, all we have to do is focus on house values. Home Appreciation Has Returned For Many Owners First things first. Most sources would define … (10 comments)
home appreciation: Forecast Calls For Home Prices Dropping in 2010
- 11/25/09 02:07 AM
The Tallahassee area logged 163 single-family existing-home sales in October, down 5 percent over a year ago which is not as good as many other areas in Florida that seem to show gains in every market measured. Of course, those measurements are from REALTOR® MLS reports, which typically do not show much more than 1/2 t o 2/3rds of the entire market activity. The median price for those local sales gained 1.2 percent to $174,000 from $172,000 in October 2008. Fort Walton Beach was the only other market in October to see prices rise, up 1 percent from a year ago. … (6 comments)
home appreciation: Real Estate Appreciation Graphs Show Movement
- 05/13/09 11:16 PM
As I was “cleaning up” my spreadsheet used to determine real estate appreciation in Tallahassee, I found a couple of real estate graphs that had not been used in either “How To Measure Real Estate Appreciation” or “Real Estate Appreciation.” One in particular could be very informative and helpful in determining the next market turn. As I was doing research into Tallahassee housing appreciation, I found that a simple methodology utilized historic information on home sales and specifically the selling prices compared to the square footage of the home. If the market price per foot was rising, most likely we were … (0 comments)
home appreciation: How Real Estate Appreciation Should Be Measured
- 05/12/09 11:02 PM
Last week, I wrote a blog about real estate appreciation that generated a lot of emails to our office. People wanted to know if we could provide a little more analysis of what the Tallahassee real estate market has done, in terms of appreciation and depreciation. So, I thought about it this weekend and came up with the following analysis. I would greatly appreciate any comments following this blog for feedback (scroll all the way down to the bottom of the page). If you recall, regarding the best way to measure real estate appreciation, the Tallahassee Real Estate Blog wrote: Using … (2 comments)
Much is written about real estate appreciation (or now real estate depreciation) and many points of reference are used to “validate” the rates that are being computed. But I warn you, most references to appreciation are just plain wrong. How does one go about measuring real estate appreciation? If time and data resources weren’t a factor, you could just take all home sales ever recorded, and then compute the annualized appreciation rate of each unique home. For example, you could look at recent sales and let’s say you found 123 Main Street just sold for $315,000. You would then … (2 comments)
Many people believe that understanding real estate market trends is too technical or difficult to comprehend, but it’s much easier than you think. All you need to do to anticipate real estate market movements is study the short and long term trends in housing inventory. Alternatively, you can read my market recap, below.
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