high end home tallahassee: Why We Are Concerned About The Collapse Of The Luxury Home Market
- 05/19/15 10:48 PM
I have been pondering the problem of the high end home market in Tallahassee for quite some time, trying to figure out how to succinctly demonstrate my concerns for the top 5% of homeowners in our area. You see, these high priced homes have been selling like hotcakes, blowing away historical norms ever since mortgage interest rates plunged. So the questions that I have concerning the more expensive homes in Tallahassee relate to the amount of high end homes that we have created and how the future supply and demand imbalance can be corrected when mortgage interest rates return to normal.. Well, I think I have … (2 comments)
high end home tallahassee: Golden Eagle Plantation in NE Tallahassee
- 07/07/14 11:43 PM
Home sales are clipping along again in Golden Eagle Plantation in NE Tallahassee. This popular neighborhood was grossly over-supplied with homes over $500,000, but a strong 2013 chipped away a portion of the excess of houses on the market in this Tallahassee golf course community. Through mid June, 2014, there has been 20 closed home sales in Golden Eagle Plantation in the Tallahassee MLS and the inventory still strongly favors homebuyers. Houses Sold Currently, there are 32 homes for sale in Golden Eagle Plantation, and 4 are selling each month after starting the year off with no sales in January. Measuring at a buyer-favored 9+ months of … (0 comments)
high end home tallahassee: If This Was A Virus, You Would Call It A Full-Blown Epidemic
- 05/08/14 10:15 PM
There is a ticking time bomb hidden in the top end of the housing market that I don't see the mainstream media addressing. And this is no hidden bomb, it is glaringly obvious and sitting right out in the open. The question is not "will it blow up," the simple question is "what will the fallout be when it does explode?" Do We Still Love Our McMansions? This is not a Tallahassee problem, this is a US housing market issue that will be felt in most areas. Only the highest-growth, strongest economic areas of our Country will be shielded from the blast when … (63 comments)
high end home tallahassee: Why High End Home Owners Should Monitor Mortgage Interest Rates
- 03/24/14 10:17 PM
More so than any other graph in our collection, the image of the market for high end homes in Tallahassee provides a clear picture of the perilous tie between home sales and low mortgage interest rates. Our graph tracks all Leon County, Florida homes priced over $400,000 since the beginning of 1991, and it is clear that we went from sales in the teens to more than 500 in a single year during the height of the housing market bubble. To put that into perspective, sales of these high end homes rose 6517% from 1991 to 2005, and we now have an inventory of expensive homes that will … (4 comments)
high end home tallahassee: High End Homes Struggle With Limited Buyers
- 03/25/12 11:39 PM
My research for a client has provided some interesting information about luxury homes in Tallahassee. Long time readers of the Tallahassee Real Estate Blog know that we monitor supply and demand at all price points, so I was not expecting any great surprises when I put luxury homes in Tallahassee under the microscope. While nothing was shocking, the information was truly enlightening. If you plan on buying and thus viewing luxury homes in Tallahassee, expect to travel in a small and declining crowd. Luxury Homes in Tallahassee I decided to go beyond the Tallahassee MLS and look at the entire … (0 comments)
I have been pondering the problem of the high end home market in Tallahassee for quite some time, trying to figure out how to succinctly demonstrate my concerns for the top 5% of homeowners in our area.
;)
;)
;)
