realestategraph: Home Sales Slide As Replacing Normally Hot Summer Market - 06/15/11 02:16 AM
As we have anticipated from our previous reports on the real estate market, home sales continue to slide during the hot summer months in Tallahassee. With so many of the would-be homebuyers not able to first sell their current homes, the number of buyers in the market continues to decline.
The first graph shows closed home sales in the Tallahassee MLS, and we are now looking like we could be heading to a new market bottom. The previous low was set in August of 2009, when daily closed home sales reached an average of just 6 per day. Will we see … (4 comments)

realestategraph: Tallahassee's Top Selling Neighborhoods - 06/06/11 01:28 AM
We all know the real estate market is slow, but do you know where Tallahassee is moving? I have assembled five newly updated real estate growth graphs to show the trends in Tallahassee home sales by area.
The first graph shows the top selling neighborhoods in Tallahassee from January through May 2011. Southwood continues to see the most home sales, and there is only one major change on the top five selling neighborhoods, and that is Killearn Acres has moved off of the list (now at #7). It is interesting to observe that all 5 are above the median home price … (2 comments)

realestategraph: What Came First? The Chicken Or The Egg (In Real Estate) - 05/31/11 01:54 AM
The Tallahassee housing market is undergoing the greatest change that I have seen in my twenty plus years as a real estate agent in Tallahassee. Values are declining and buyer activity is declining, leaving the real estate market in a state of uncertainty. As with much of the rest of the US housing markets, Tallahassee has a “chicken or the egg” problem.
Those of us who have a great interest in the state of the housing market are faced with something similar to the age-old question of what came first, the chicken or the egg. In real estate, the question is … (2 comments)

realestategraph: Surprising Gains In The Year Over Year Home Sales Report - 04/13/11 02:36 AM
For the third consecutive month, year over year home sales grew in the Tallahassee real estate market. This type of measurement compares a current month with its counterpart from a year ago, so the updated housing report shows that March 2011 saw 16% more sales than March 2010. Considering that at this time last year we were in the end-run of the Homebuyer Tax Credit, this news is very surprising. It means the housing market is doing better without the Tax Credit than it was with the credit.
The information that was used to create the real estate graph below is … (2 comments)

realestategraph: How To Use Seasonality For Home Sales Forecasts - 02/14/11 03:05 AM
I was wondering if it were possible to use historic real estate seasonality measurements to forecast future home sales, so today’s blog will be an ad hoc experiment to forecast home sales in Tallahassee for the remainder of 2011.
To begin our simple real estate math exercise, let’s first define seasonality as
A characteristic of a time series in which the data experiences regular and predictable changes which recur every calendar year. Any predictable change or pattern in a time series that recurs or repeats over a one-year period can be said to be seasonal.
When we apply this definition of … (0 comments)

realestategraph: Everything Is Dropping In KLP2 In Tallahassee - 12/08/10 01:04 AM
Monthly home sales in Killearn Lakes (Unit 2) have fallen to levels similar to 1993, and the impact of the Homebuyer Tax Credit appears to be mostly negated at this point. This popular Northeast Tallahassee neighborhood is seeing home sales each month at a rate that is only 30% of where it was in 2006 at the peak of the housing market.

In the real estate graph above, the number of home sales in Killearn Lakes 2 has been plotted each month, and then three trend lines have been generated. All 3 trend lines report falling numbers.
On average over … (0 comments)

 
Joe Manausa, Tallahassee Real Estate (Joe Manausa Real Estate) Rainmaker large

Joe Manausa

Tallahassee Real Estate

Tallahassee, FL

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Joe Manausa Real Estate

Address: 2066 Thomasville Road, Tallahassee, FL, 32308

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