estate: IS NOW THE TIME TO BUY A HOME?
- 03/07/10 01:53 AM
I have been a Realtor since 1980 and over a long period in my real estate career this was an easy question to answer. During the late 1980's and 90's, you could expect an average of about a 3% increase in your home value per year depending on the location, condition, year built , etc. Beginning in 2003, this all changed with an artificial rise in residential prices; not values. Based on the sales prices of homes today, the real value of your home now is more closely aligned with home prices in 2002.
"I WISH I HADDA......" Or … (0 comments)
estate: Busy Busy Busy
- 06/15/09 01:01 AM
I'm busy and other Realtors I have contacted this weekend have been busy. Buyers from out of town have been contacting me; parents are looking to buy a condo for their kids for college. Some buyers that have been waiting for the "right" time may realize it is passing, or has passed them by. There are plenty of great buys and sellers are ready to do what they need to do. It appears that mortgage interest rates are climbing a little each week......."What goes Up will go Down and what goes Down will go Up".....look at gas prices too. College parents … (0 comments)
estate: Home Sales Increase
- 06/08/09 07:59 AM
We had the usual increase in real estate home sales in May in Tallahassee (Leon County), though fewer than May last year. There were 153 single family homes sold compared with last year‘s195. 122 homes sold in April; so, our sales in May was a 25% increase. In May the average single family home in Leon County sold for $224,099, and the average listed price was $237,835. Therefore the average home sold for 94% of the asking price. The median sales price for May was $179,000. The median sales price is what most published homes sales reports use for comparisons. That … (0 comments)
estate: April Sales Report
- 05/28/09 10:02 AM
The Florida Association of Realtors has just released the April Single-Family Resale Sales report. The Tallahassee Metro Area (TMA includes Leon, Wakulla, Franklin, Jefferson, and Gadsden counties) reported a decrease of 28% of number or sales compared to April 2008. While this may sound bad, the January and February decreases were close to 40% and last April had a 29% decrease compared to 2007. The worse number of sales decrease in the State was Gainesville Metro Area with a 40% decrease. On the other hand, TMA had the best Median Sales Price comparison in the entire State with a decrease of … (0 comments)
estate: “Now Is The Time To Buy”
- 05/24/09 03:14 AM
Have you ever met a sales person that told you otherwise? No matter what the item is....a car, house, appliance, TV, etc......"if you don't buy today you will regret it later." Yep, I am a salesman as well; but, I am a believer in informing the customer and letting them make the decision that best fits their personal situation. Yes, even those that purchased a home at the peak of the market it was the right time for many of them for their personal needs. I have been sort of laying low in recent months in encouraging prospective buyers wanting to … (0 comments)
estate: March Real Estate Sales
- 04/25/09 08:37 AM
Our March sales of single family resale homes were down -22% compared with March 2008, which was the worse in the State. So what! They were down -37% in February and -31% in January. In March 2008 the sales were down -29% compared with the previous year. So, in reality, -22% looks pretty good and our March sales were up 60% from February. Our Median Sales Price in March of this year compared with last March WAS THE BEST IN THE STATE! Our median sales price was down -3% compared to the overall States -30%. That is good news which the … (0 comments)
estate: Real Estate Seminar
- 04/25/09 08:34 AM
Coldwell Banker Hartung and Noblin, Inc. has already successfully provided two well attended, free to the public, real estate educational seminars in 2009. Their third Seminar, titled "Housing Stimulus: Short Sales, Foreclosures, $8000 Tax Credit?" will be held Tuesday, April 28, 2009, at the Tallahassee Board of Realtors, 1029 Thomasville Rd. This Seminar features respected Tallahassee real estate attorney, Susan Thompson, of Smith, Thompson, Shaw, & Manausa, as key speaker. Also appearing on the program will be well-known CPA, Rick Carroll, with Carroll and Company, addressing tax issues. Q&A session will follow, so prepare your questions! You don't want to miss … (0 comments)
estate: REAL ESTATE INVESTORS
- 02/16/09 02:06 AM
We are all aware there were a lot of real estate investors that made a lot of money buying and reselling, and frequently before construction was completed. Those were the ones that were really knowledgeable of the market; or maybe, just plain lucky. Then there were those that just got caught-up in the frenzy, didn't know when to get out, when the getting was good and got stuck with a lot of liability. There are a lot of them particularly in the State of Florida. When it gets to a point where they cannot, or elect not to continue to pour … (0 comments)
estate: HOME MORTGAGE MONEY PLENTIFUL
- 01/19/09 12:37 AM
The news you read and see on television about the housing market and getting a mortgage to purchase a home is NATIONAL NEWS. Yes we have large supply of homes available to purchase in the Tallahassee area and we also have lenders that HAVE PLENTY OF MONEY to loan for a home purchase to those that qualify. The days of the "easy money" from a lender are yesterday's poor business practice. The general economic turmoil of our country has created a lot of misinformation and resulting confusion regarding the real estate market and our very healthy lenders in the Tallahassee area. … (0 comments)
estate: FIVE YEAR HOME SALES REVIEW
- 11/04/08 12:42 AM
The following is a five year review of the Tallahassee Metro Area single family detached homes, both new and resale, beginning with the third quarter of 2003. Up to this quarter our real estate market in the Tallahassee area was very stable. The average median appreciation was between 2% to 7%, the supply of homes and number of sales holding a parallel amount and a usual time on the market of about sixty days. Everything stayed in good balance through the end of the third quarter of 2005 except for the median appreciation which ended 2003 with 10% and rose to … (1 comments)
Provide the Tallahassee Florida real estate community and public with analysis of current real estate market trends. Informative ideas for selling and buying homes, townhomes, condos and lots & land.
I have been a Realtor since 1980 and over a long period in my real estate career this was an easy question to answer. During the late 1980's and 90's, you could expect an average of about a 3% increase in your home value per year depending on the location, condition, year built , etc. Beginning in 2003, this all changed with an artificial rise in residential prices; not values. Based on the sales prices of homes today, the real value of your home now is more closely aligned with home prices in 2002. 
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