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The Market Is Down ... But Why Are Bull Run House Buyers So Active Today
If you read yesterday's article about the 7 Hottest Neighborhoods In Tallahassee, then you know that Bull Run House Buyers are very active right now.
In fact, they are buying homes fast enough to propel Bull Run into the most active position among all Tallahassee neighborhoods.
I identified an important trend among Bull Run house buyers last November, and we find that trend has strengthened in the first quarter of 2012. And what trend might that be (for those of you who missed the previous article)?
Bull Run House Buyers Choosing New And Smaller Our first real estate graph shows that Bull Run house buyers are buying smaller and smaller homes every year. As Bull Run is a younger neighborhood, most of the sales thus far have been new construction.
I believe this is a sign of builders have to go "smaller" to compete with falling home prices across Tallahassee. Of course, this begs the question, what's going to happen when the normal cycle (5 to 7 years) of re-sales really starts to hit the market in Bull Run?
Bull Run House Buyers Enjoy Lower Prices
If you are thinking about buying a home in Bull Run, you will ... more
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