Home sales in Bull Run are on a bull run!

With 41 homes sold in Bull Run in 2012, it marks the second best year of all times for the number of homes that sold.

Located in the popular NE quadrant of the Tallahassee real estate market, Bull Run seems to be leading the charge towards the recovery.

Bull Run Home Values Stabilize

Currently, there are 16 homes for sale in Bull Run in the Tallahassee MLS, and distressed home sales are not out of control, posting a small decline in 2012.

Home values stayed level in 2012, which is quite extraordinary as most every other neighborhood in Tallahassee is still fighting depreciation.

Bull Run Home Values

It is hard to anticipate home values changes for Bull Run in 2013, as distressed properties for sale are few and new home sales are brisk.

We know there are plenty of distressed properties the shadow inventory around Tallahassee, and this will have an impact on Bull Run. As long as the supply of similar homes nearby does not spike, Bull Run might enjoy another stable year of new home sales.

 

Joe Manausa, MBA
Century 21 Manausa & Associates

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This post has been included in Florida Real Estate News Leon County, FL Real Estate News Tallahassee, FL Real Estate News Bull Run (Tallahassee, FL) Real Estate News
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4 Comments on Finding The Bull In A Bear Market

DEC
28
105,529 Points Called Shot Master

With the Fed keeping rates low I can not help but think that they are orchestrating a false recovery in the economy and in real estate...The economy and real estat boomed from 1982 through 1987 with double digit intererest rates.

5:41am • #1
652,366 Points 105 Featured Posts Outside Blog Called Shot Master

Agreed Edward, that much of the payback will occur when rates are allowed to normalize.

5:46am • #2
993,231 Points 4 Featured Posts

Hopefully the market will and is changing for the better Joe, we shall see.

7:55pm • #3
DEC
29
652,366 Points 105 Featured Posts Outside Blog Called Shot Master

Amen Charles. Amen. Best wishes for a prosperous 2013.

4:26am • #4


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Joe Manausa - Tallahassee Real Estate

Tallahassee, FL

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Century 21 Manausa and Associates

Address: 1140 Capital Circle SE #12A, Tallahassee, FL, 32301

Office Phone: (850) 386-2001

Cell Phone: (850) 508-1544

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