Lot sales in Tallahassee continue to Amaze me. Having tracked the trends in the real estate market in Leon County since the early 90's, the one market trend that seems to stand-out more than anything else is the "affordability" (or lack thereof) of build-able home sites in our county. The average lot price, over the past 12 months, is $89,000. Considering the the average home price in 1999 was $98,000, it amazes me that we are approaching that level for 'lot only.'
This graph shows both the price trend as well as the average number selling each month for residential lots in Leon County.
(click to enlarge)
Notice that the monthly "unit sold" is currently trending down.
However the price is still in an overall upwards trend.
I will continue to post market-information charts and graphs in the future.
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Posted at 12:11 PM in Investment, Market Information, Real Estate, Tallahassee | Permalink | Comments (0) | TrackBack (0)
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