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Finding The Bull In A Bear Market

By
Real Estate Agent with Joe Manausa Real Estate 8508880888

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.

 

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Joe Manausa Real Estate
1934 Dellwood Drive
Tallahassee, FL 32303
(850) 366-8917

Comments (4)

Edward Gilmartin
CRE - Boston, MA

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.

Dec 27, 2012 09:41 PM
Joe Manausa - Tallahassee, FL
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

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

Dec 27, 2012 09:46 PM
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.

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

Dec 28, 2012 11:55 AM
Joe Manausa - Tallahassee, FL
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

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

Dec 28, 2012 08:26 PM