southwood tallahassee: Southwood Starts The Year Off With More Declining Home Values - 01/26/12 10:21 AM
With 2012 well underway, let's start the new year's housing reports with the Southwood real estate outlook.
Sporting the most active subdivision in Tallahassee, our Southwood real estate report is a natural "first of the year" look at the activity in the Tallahassee real estate market.
Currently, there are 48 homes for sale in Southwood and hundreds more in the shadow inventory, so we expect Southwood to remain at or near the top of the list of most active neighborhoods in Tallahassee.
Map Of Southwood Real Estate Sales The following interactive map allows you to where the most recent Southwood real … (0 comments)
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southwood tallahassee: The Devil Is In The Details In Southwood Home Sales Report - 08/12/11 11:54 AM
As home values continue to decline, we would expect to start seeing the number of home sales start to rise. Unfortunately, we are not yet seeing that with Southwood home sales, nor most of the rest of the Tallahassee real estate market. Currently, both unit sales and homevalues are still on the decline for much of Tallahassee.
Southwood in Tallahassee is one of the rare neighborhoods where new home sales make up a good percentage of the real estate activity. The Tallahassee MLS is currently showing about 1 in every 3 Southwood home sales are new construction, therefore we are … (0 comments)
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southwood tallahassee: Tough Times For Southwood Home Sellers - 06/21/11 06:09 AM
If you own a home in Southwood and you want to get it sold, you are joining a growing list. Southwood has the most active new home construction market in Tallahassee, and that means if you want to sell a home in Southwood must compete with a builder who has its own full time sales force. The results don’t lie, as Southwood has one of the higher failure rates for existing home owners.
Currently in the Tallahassee real estate market, 42% of the homes listed for sale in the Tallahassee MLS over the past year succeeded in selling, while 58% failed … (0 comments)
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southwood tallahassee: Do Pools Add Value To A Home? New Study Says Maybe Not! - 05/13/11 10:16 AM
Did you ever wonder how many homes in Tallahassee have swimming pools? For some reason this thought hit me at 5:15 a.m. this morning, and I became curious about their impact on the Tallahassee housing market. I did find some interesting (after a cup of coffee) information and created a few real estate graphs to show what’s going on with homes with pools in Tallahassee.
First of all, I created a great resource page for pool homes in Tallahassee. If you want to know anything about the homes currently listed for sale that have pools, just go to the Tallahassee Pool … (6 comments)
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southwood tallahassee: Where Are All The Failed Home Sales Going? - 02/07/11 09:32 AM
As one of the most active neighborhoods in Tallahassee, the Southwood Subdivision is important to monitor even if you do not live there. We always have to remember that the overall state of the Tallahassee housing market is influenced by all the homes for sale in our area.
Currently, there are 59 homes for sale in Southwood (listed in the Tallahassee MLS) and 9 of them are new construction and surprisingly “only” 20% of the homes listed are distressed properties. With all the lis pendens filed in Tallahassee in 2010, we are expecting significantly more than 20% of of our sales … (2 comments)
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southwood tallahassee: Homeowners Create Niche Market For Home Builder - 08/17/10 09:44 AM
I received a comment from reader “GF” yesterday who was encouraged about some signs of recovery in new home sales. I thought his comment was very revealing in regards to the “big picture” on housing supply and demand, and that we could all learn from his question. GF wrote:
It is encouraging to see some building activity in places like Southwood, but that’s the result of the Homebuyer Tax Credit. Now what? The question is, how bad will it get before it starts getting better?
In order to answer this question, the very first thing I did was look at … (0 comments)
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southwood tallahassee: Southwood Home Sales Decline In Tallahassee - 02/19/10 08:45 AM
Southwood is one of the most active neighborhoods in Tallahassee, thus we are often asked to provide updates on Southwood home sales and values. For those readers who have followed the Tallahassee Real Estate Blog for any period of time, this report will not be surprising.
Home values continue to fall in Southwood, though unit sales have started to increase again. When we look at arms-length existing home sales in Southwood, we see 24% depreciation since the top of the market, and the current rate of home sales in Southwood is 44% lower than at the peak of the market.
… (2 comments)
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southwood tallahassee: Expired Home Listings Adding To The Shadow Inventory - 11/27/09 08:16 AM
A friend of mine asked me the other day “what’s the real deal in Southwood?” I responded “The real deal?”
He said he heard all kinds of rumors about what is going on in Southwood, that taxes are up and values are down.
I told him that I would do a thorough analysis of the real estate market in Southwood, as I knew it would make great material for the Tallahassee Real Estate Blog.
So today we’ll take an analytical tour of the supply and demand of homes in the Southwood neighborhood.
This post is packed full of information, including … (4 comments)
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southwood tallahassee: Signs Of Stability In Southwood Home Sales - 10/23/09 08:29 AM
The newest home sales numbers are showing that Southwood is finally showing signs of stabilization, mostly in the number of homes sold though average home price drops seem to have slowed as well If you are a regular reader of the Tallahassee Real Estate Blog, then you know that we have reported on the Southwood Subdivision in Tallahassee for several years now, and have not been seeing much good at all.
While it is way too early to that a bottom is in sight for Southwood, I would think that it will all depend on new construction levels over the next … (0 comments)
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southwood tallahassee: Home Sales Plummet In Tallahassee's Southwood Subdivision - 04/11/09 08:30 AM
The average number of homes selling in Southwood has dropped 74% in the past three years, and the the trend is continuing to head down. We are seeing pricing pressures across the board, and many people who have recently sold and closed on their homes in Southwood will look back with relief that they got out.
New construction prices are being offered well below what was available in the past, making the newer homes priced even lower than most resales. Prudent home owners are lowering their Southwood home prices as they realize smart home buyers will not pay as much for … (0 comments)
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southwood tallahassee: Cheaper Homes Might Propel Sales In Southwood - 02/09/09 06:06 PM
The Southwood Subdivision is the most active neighborhood in Tallahassee in terms of number of homes sold each year (according to the Tallahassee Board of REALTORs Multiple Listing Service (MLS)), so I like to look at it from time to time. So this morning I figured it was time.
Paralleling the rest of the Tallahassee housing market, Southwood is seeing reduced unit sales and dropping prices. Some of the largest price drops found in the Tallahassee MLS are for Southwood homes, mostly due to the abundance of supply as well as Southwood being a relatively new (ish) neighborhood. Home builders … (4 comments)
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southwood tallahassee: Tallahassee, FL: Southwood Home Sales Information - 12/03/08 05:47 PM
Recently a reader left a comment (which I appreciate) indicating that he thought my data was incorrect for home sales in Southwood. In doing my research to validate the data, I figured I might as well turn it into a blog about current home sales in Southwood. The reader wrote:
Joe, I really enjoy reading your Blog, but I work in 2 of the communities that are in the top ten of your list, and I know that your figures are wrong!. Where did you get the figures for this list??
The sold numbers are nowhere near where you say … (0 comments)
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southwood tallahassee: Tallahassee Subdivision Report - June 2008 - 07/19/08 11:25 AM
Here’s a quick Tallahassee Subdivision update. I downloaded all the current listings in the Tallahassee Board of Realtors Multiple Listing Service (MLS) and tabulated the results by subdivision. The first column gives the name of the subdivision. The second column, titled “Homes” shows the number of homes on the market. The third and fourth column are the average price and the average price per square foot per home on the market. The fifth column shows how the average price per square foot compares to the Tallahassee average.
Follow this link to see All Tallahassee Subdivisions and Neighborhoods.
As a … (0 comments)
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southwood tallahassee: Southwood Tallahassee Update - 04/17/08 04:29 PM
It is time for another update on Southwood Tallahassee. For those of you who like to track what is happening in Southwood Tallahassee, I have updated my market information on the Tallahassee Real Estate Web Site. You can find it by clicking on the previous link and then select the Tallahasse Real Estate Market Update Link.
Southwood Tallahassee <-- Click here for market snapshot report
If you like this Article then please subscribe to my blog by Email. You will be able to stay informed about the happenings in the Tallahassee Real Estate Market. You can also subscribe through a full RSS … (2 comments)
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