Last week, I wrote a blog about real estate appreciation that generated a lot of emails to our office. People wanted to know if we could provide a little more analysis of what the Tallahassee real estate market has done, in terms of appreciation and depreciation. So, I thought about it this weekend and came up with the following analysis. I would greatly appreciate any comments following this blog for feedback (scroll all the way down to the bottom of the page).
If you recall, regarding the best way to measure real estate appreciation, the Tallahassee Real Estate Blog wrote:
Using a sampling of homes in an area and comparing to previous sales of same units - this would be the preferred method, but the sample would have to be statistically relevant and the market area would have to be accurately defined. The problem with this method is the time and resources required to do it are much better suited to a University than to a business, because the degree of accuracy, though enlightening, would not likely bring an economic benefit to a business that invested the resources to know this for a certain area.
So this is what we have done
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