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tallahassee: Depreciation Has Created Home Buying Opportunities In Woodgate - 04/12/12 07:10 AM
Yesterday, a long-time reader asked why I had never written about Woodgate, a popular NE Tallahassee neighborhood.
I basically said that because I have limited time, I try to focus on the most-active neighborhoods in Tallahassee, but that I would take a quick look at home sales in Woodgate.
Currently, there are 6 homes for sale in Woodgate in the Tallahassee MLS, priced from $129,900 to $235,000. With only 15 homes sold in Woodgate in the 3 previous years, this means that Woodgate has a relative home supply exceeding 12 months.
This means if you want to sell a home in … (3 comments)
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tallahassee: Here's Where People Are Buying Homes In Tallahassee - 03/22/12 07:26 AM
If you want to know which neighborhoods in Tallahassee are selling the most homes, than you have found the right page on the Tallahassee Real Estate Website!
While we already have two incredible resource sites for subdivisions and neighborhoods in Tallahassee, this report will show you which ones are hot through February 2012.
After sorting through the 1,600+ subdivisions and neighborhoods in Tallahassee, we found these 7 have sold more homes than all the rest. And just to make it interesting, we have provided a graph of total home sales, by neighborhood, each year through February.
This means … (0 comments)
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tallahassee: House Selling Advice For Out Of Town Sellers - 03/08/12 03:31 AM
There is a growing list of people who are seeking house selling advice for out of town homeowners. While the advice is very similar to what a "local" would receive, people who no longer live in the Tallahassee area have additional concerns.
First and foremost, if you are not where you can monitor the home, then you have no idea how well it is being maintained. Of course, you could pay somebody to do that for you ...
And you could pay for management, for repairs, for tenant issues, for taxes, and for a myriad of other expenses. As many people … (0 comments)
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tallahassee: November Real Estate Trends Report - 12/08/11 09:09 AM
Most of the real estate reports that we compile here come from data pulled from the Tallahassee MLS, but occasionally we go "all out" and get all the information on home sales in Tallahassee from the Leon County Property Tax Appraiser. I believe it is important to do this from time to time to ensure that our MLS information is accurately portraying real estate sales trends in Tallahassee.
Real Estate Sales Trends Through November In this first real estate graph, we simply plot home sales information from both the property tax appraiser and the Tallahassee MLS in order to see how … (4 comments)
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tallahassee: Wow, See Time Fly With The Tallahassee Real Estate Newsletter - 11/17/11 09:17 AM
Our free real estate newsletter is getting ready to complete a full three years of publication, and if subscription growth is any indication, we can expect to be around for another three years (or so :)). With over 2,000 subscribers, we have been told that it is the best real estate newsletter because it is analyzes the housing market (and contains no cheesecake recipes).
The primary goal of the Tallahassee Real Estate Newsletter is to provide housing market reports and analysis in a consistent forecast so that people who subscribe to the real estate newsletter can gain a benefit each month, … (2 comments)
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tallahassee: Is NAR Wrong On Contract Cancellations? - 11/11/11 10:22 AM
When we study the homes for sale in Tallahassee and its surrounding communities, we find a trend that is often mentioned by Dr. Lawrence Yun, Chief Economist for the National Association of REALTORS®. Dr. Yun has been reported a rising trend in the number of real estate contracts that fail to close, and the Tallahassee Area MLS supports his findings.
Dr. Yun attributes much of the housing woes to new lending standards that make it more difficult to finance a home, and he uses the statistical trend of contract cancellations as evidence of the difficulty to obtain financing. I am not … (2 comments)
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tallahassee: September Existing Home Sales Improve 22% Over Last Year - 10/25/11 09:26 AM
The National Association of REALTORS® released the October edition of the Existing Home Sales Report a few days ago, revealing a rise in year-over-year home sales across the US. September's closing were below August in a typical seasonal change, but the fact that 2011 out-performed 2010 is very good news for a weary real estate market.
Not surprisingly, Tallahassee had the same market activity in this month's report. September's 170 closed existing home sales was down 13% from the 196 posted in August, but up 22% over the 139 closed resales from last year.
Existing Home Sales With Average Prices When … (0 comments)
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tallahassee: Some Good News About Foreclosure Trends - 06/17/11 08:47 AM
While the past two blog posts have demonstrated bad news for the Tallahassee real estate market, there is some good news to be found in the Tallahassee Foreclosure Report. I will updating our foreclosure pages this weekend, but I wanted to share the positive trend today.
Each month, we look at the reports filed with Leon County on new Lis Pendens filings (the beginning of a new foreclosure) as well as the report of all new foreclosure sales (the completion of a foreclosure). We graph both elements in order to see the trend of activity in the distressed home sales market, … (0 comments)
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tallahassee: Ominous Signs From The MLS - 06/16/11 08:01 AM
There has never been a tougher time to sell a home in Tallahassee, and there are ominous signs from the MLS in Tallahassee (the REALTOR® Mulitple Listing Service) that show things are getting worse. The four following real estate graphs paint an ominous picture for the coming months in the Tallahassee real estate market, and home sellers are warned. Sell your home now, sell it fast, and don’t look back.
Note: This report of the MLS in Tallahassee shows current trends and is important information for home sellers. You can also follow this link to search all of the homes for … (4 comments)
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tallahassee: Home Sales Slide As Replacing Normally Hot Summer Market - 06/15/11 09:16 AM
As we have anticipated from our previous reports on the real estate market, home sales continue to slide during the hot summer months in Tallahassee. With so many of the would-be homebuyers not able to first sell their current homes, the number of buyers in the market continues to decline.
The first graph shows closed home sales in the Tallahassee MLS, and we are now looking like we could be heading to a new market bottom. The previous low was set in August of 2009, when daily closed home sales reached an average of just 6 per day. Will we see … (4 comments)
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tallahassee: The Gravity Of The Underwater Home Situation Is Growing - 06/13/11 08:01 AM
Are you under water in your house? You might be surprised at just how many homes in Tallahassee have larger debt loads than their value. This topic came up in a comment made by a reader last week, so I thought it was worth further exploration.
When we say that a house is under water, all this means is that the owner owes more money on the house than could be gained through a sale. So just how do we estimate the number of underwater homes in Tallahassee?
Last week, a regular contributor “Patrick” commented:
I’ve been watching your recent charts … (40 comments)
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tallahassee: Tallahassee's Top Selling Neighborhoods - 06/06/11 08:28 AM
We all know the real estate market is slow, but do you know where Tallahassee is moving? I have assembled five newly updated real estate growth graphs to show the trends in Tallahassee home sales by area.
The first graph shows the top selling neighborhoods in Tallahassee from January through May 2011. Southwood continues to see the most home sales, and there is only one major change on the top five selling neighborhoods, and that is Killearn Acres has moved off of the list (now at #7). It is interesting to observe that all 5 are above the median home price … (2 comments)
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tallahassee: What Came First? The Chicken Or The Egg (In Real Estate) - 05/31/11 08:54 AM
The Tallahassee housing market is undergoing the greatest change that I have seen in my twenty plus years as a real estate agent in Tallahassee. Values are declining and buyer activity is declining, leaving the real estate market in a state of uncertainty. As with much of the rest of the US housing markets, Tallahassee has a “chicken or the egg” problem.
Those of us who have a great interest in the state of the housing market are faced with something similar to the age-old question of what came first, the chicken or the egg. In real estate, the question is … (2 comments)
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tallahassee: Are Home Values Affected By The Schools In The Area? - 05/26/11 01:14 PM
Are home values affected by the school zones in which they reside? Who’s to day, but today’s blog post will take a look at home values by school zone. This information has been pulled from the Tallahassee MLS and I will start with a caveat that the information is often sketchy at best. Real estate agents enter their listings in the multiple listing service as a means to promote the property to other real estate agents, and the information that is provided is not checked for accuracy.
I have included links to the maps of each school zone in the appropriate … (4 comments)
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tallahassee: Weems Plantation Home Sellers: Sell Now, Sell Fast Or Wait 8 Years - 05/25/11 06:52 AM
Weems Plantation and the Gardens of Weems have been around since the late 1990s and these two Tallahassee neighborhoods are active due to their proximity (location, location, location) to the public schools that service their section of Tallahassee. With over 350 homes, the neighborhoods of Weems Plantation are a popular choice for families with school aged children who want to go to Moore Elementary, Swift Creek Middle School, or Lincoln High School.
Home sales in Weems Plantation have dropped with the market, and home values have declined like the rest of the Tallahassee housing market. The average price for a Weems … (0 comments)
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tallahassee: Top 10 Real Estate Blog Posts May 2011 - 05/09/11 07:57 AM
Every so often, I like to see what (you) readers of the Tallahassee real estate blog are viewing most, as it provides me with the feedback that I need to guide the future real estate content that is most popular for the people that matter most. I am usually aware of the more popular topics and reports, but occasionally I am just blown away at the choices that our readers make.
The first article in the top ten list of real estate articles in Tallahassee is a case in point. I had several visitors ask me questions about the unique structure … (2 comments)
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tallahassee: An 11 Year Old's View Of The Real Estate Business - 04/29/11 08:36 AM
Every year at this time, an army of workforce impostors joins the ranks of their parents to enjoy a day off of school by participating in the Take Our Daughters And Sons To Work Day. CENTURY 21 First Realty likes to participate in this wonderful program, as it encourages families to interact and instill the important messages with the children about the importance of hard work and the need to envision their bright futures.
This year, my son Max decided to “follow me” for the day. I was a bit curious to see if he could “keep up,” so I … (6 comments)
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tallahassee: Homeowners Should Know The 4 Stages Of Home Selling - 04/27/11 09:10 AM
If you are thinking of selling a home in Tallahassee, what stage of the home selling process do you currently find yourself? You see, I have found that home sellers go through several important stages, and if they are lucky, they meet a highly informed real estate agent who can help them make a proper decision for their important housing needs.
Homeowners find themselves needing or wanting to sell a home for various reasons, and with the right counseling, they can make the best decision on what to do. We often hear it said that “knowledge is power,” but the … (0 comments)
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tallahassee: Homebuyers Should Understand The True Cost Of Money - 03/18/11 07:38 AM
Mortgage interest rates have a huge impact on the affordability of homes for sale in Tallahassee, as the cost of money is just as real to most homebuyers as is the cost of the sticks, bricks, land, and labor that go into the overall cost of a home. In fact, you could argue that real estate affordability too often focuses on the price of homes, but the cost of money is a far greater factor to most homebuyers.
This is something that we have for years counseled buyers to consider during the purchase of a home in Tallahassee. Historically, more than … (0 comments)
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tallahassee: Graphs Are Windows Into The Real Estate Market - 03/11/11 08:07 AM
You can learn a lot about the housing market when you study real estate graphs. The prudent investor knows that no singular graph portrays a complete picture of the market, and that is why the Tallahassee Real Estate Blog regularly tracks and publishes over 120 of these "windows" into the market.
Today, we feature and review six of our most popular real estate graphs to find out the current view of the housing market in Tallahassee. Let me know if you are seeing any trend or activity that I fail to mention.
Pending Home Sales Graph Recent activity in new contracts … (0 comments)
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Joe Manausa - Tallahassee Real Estate
Tallahassee,
FL
More about me…
Century 21 First Realty
Address: 1140 Capital Circle SE, Suite #12, Tallahassee, FL, 32301
Office Phone: (850) 386-2001
Cell Phone: (850) 508-1544
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