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New Construction Inventory in Tallahassee, FL

By
Real Estate Agent with Keller Williams Town & Country Realty

 

Hello All! 

With all the talk of new construction inventory I thought it may be interesting to look at the levels here in Tallahassee. In all of Tallahassee there are currently 285 new construction detached single family new construction (built 2007 or 2008) homes available through our local MLS. There are 33 pendings and 19 properties have sold since January 1, 2008. Obviously, it is going to take some time for the market to absorb this much product. The good news is that for buyers it's a wonderful time to take a hard look at new construction as an option! There are builders who are willing to add extras, cut prices or perhaps build that dream home from scratch at a reduced price! With the slow-down in new construction starts and banks unwilling to provide spec loans, it's only a matter of time until the market stabalizes and prices creep back up. Until then, happy buying!

Kim Rivers

The Rivers Team

Keller Williams Town & Country Realty

kim@ringtherivers.com

Vincent McKamy
Samson Properties - Fredericksburg, VA
Realtor Fredericksburg Virginia
I think many of these builders are going to be out of this business in just a short time.  I read an article the other day stating that new home builders where down already 26%.  I think this is the beginning of the end.  Good luck in Tallahassee
Feb 18, 2008 10:02 AM
Anonymous
Morgan
You said that There are 33 pendings and 19 properties have sold since January 1, 2008. Are they new, existing , or both?
Feb 19, 2008 01:52 PM
#2
Gene and Rebekah Rivers
Keller Williams Town & Country Realty - Tallahassee, FL
The Rivers Team, Broker/Owner

 

These are new construction listings only.

Feb 20, 2008 09:46 AM