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Chris Chaback - Tallahassee (Leon County) Real Estate 2008 Market Statistics

By
Real Estate Agent with Keller Williams Realty

Hi All!

I wanted to pass on to you the 2008 Real Estate Market Statistics.  It is important for you to know the Market Statistics for Tallahassee and Leon County Florida in 2008.

Market Statistics All MLS
Statistics for: Class=RS,MF,CO,LL,RN AND Date Range=01/01/2008-12/31/2008 AND Area=04,01,02,03 AND Board=-1; As Of: 1/8/2009
 
Class Bedrooms Current Active Avg List Price Avg DOM
All All 3,757 $244,723 217
RS All 2,731 $258,460 196
MF All 81 $304,258 257
CO All 71 $718,378 274
LL All 689 $197,606 317
RN All 185 $9,566 101
 
Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired
All All 8,448 2,784 32.95% $215,246 $205,899 95.66% 115 $236,408 41.86%
RS All 6,816 2,560 37.56% $220,811 $211,523 95.79% 114 $241,510 40.48%
MF All 140 29 20.71% $237,672 $209,803 88.27% 161 $395,150 67.86%
CO All 110 18 16.36% $546,442 $529,905 96.97% 176 $449,084 61.82%
LL All 798 129 16.17% $133,183 $122,230 91.78% 156 $223,999 59.15%
RN All 584 48 8.22% $1,206 $6,983 578.82% 37 $26,745 24.32%

As you can see the vast majority of Real Estate Sales in Tallahassee and Leon County are Residential in Nature.  Of the Residential Sales 71% are Single Family Homes.

Market Statistics All MLS
Statistics for: Class=RS,MF,CO,LL,RN AND Type=DET AND Date Range=01/01/2008-12/31/2008 AND Area=04,01,02,03 AND Board=-1; As Of: 1/8/2009
 
Class Bedrooms Current Active Avg List Price Avg DOM
All All 1,853 $298,245 168
RS All 1,853 $298,245 168
 
Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired
All All 4,850 1,834 37.81% $254,206 $242,981 95.58% 110 $283,701 38.62%
RS All 4,850 1,834 37.81% $254,206 $242,981 95.58% 110 $283,701 38.62%

In the last Blog the statistics indicated 37.47% of Single Family Homes Sold in the Tallahassee Board of Realtors MLS.  The percentage for Tallahassee and Leon County is about the same at 37.81%.  In comparison, 43.56% of the Single Family Homes sold in 2007.  There was a drop of 5,77% in the average Sale Price of Single Family Homes in Tallahassee and Leon County in 2008 as compared to 2007.

In the next Blog, I will look at Single Family Home Sales in the NE (Northeast) of Tallahassee.

Let me know if you have any questions.  Feel free to email chris@bsbipartners.com or call 850.545.9317

Until Next Time!

Chris

Christopher M. Chaback - 850.545.9317cell
Broker Associate, ABR, CRS

BSBI Partners - Buy Sell Build Invest...Real Estate at its BEST
"It's YOUR Real Estate - We take it PERSONALLY"
 
Website: http://www.bsbipartners.com/

Keller Williams Town & Country Realty 1520 Killearn Center Blvd. Suite 100 Tallahassee, FL 32309
850/201.4663 office 850/894.6240 fax