Hi All,
I thought I would do a little update for you on the Tallahasse/Leon Co. Real Estate Market from a numbers standpoint.
First Quarter '08
| Market Statistics All MLS |
| Statistics for: Class=RS,MF,CO,LL,RN AND Date Range=01/01/2008-03/31/2008 AND Area=04,01,02,03 AND Board=-1; As Of: 7/15/2008 |
| Class | Bedrooms | Total Listed | Num Sold | Pct Sold | Avg List Price Sold | Avg Sale Price Sold | Sale Price/List Price Ratio | Avg DOM Sold | Avg List Price Unsold | Pct Expired |
| All | All | 1,419 | 418 | 29.46% | $273,674 | $262,388 | 95.88% | 101 | $294,642 | 35.38% |
| RS | All | 1,419 | 418 | 29.46% | $273,674 | $262,388 | 95.88% | 101 | $294,642 | 35.38% |
During the Q1 just under 30% of all homes were Selling. Sellers were getting just under 96 cents on the Dollar. Market time was a about 3.5 Months. 35% of the Listings Expired.
Second Quarter '08
| Market Statistics All MLS |
| Statistics for: Class=RS,MF,CO,LL,RN AND Type=DET AND Date Range=04/01/2008-06/30/2008 AND Area=04,01,02,03 AND Board=-1; As Of: 7/15/2008 |
| Class | Bedrooms | Total Listed | Num Sold | Pct Sold | Avg List Price Sold | Avg Sale Price Sold | Sale Price/List Price Ratio | Avg DOM Sold | Avg List Price Unsold | Pct Expired |
| All | All | 1,424 | 583 | 40.94% | $251,500 | $240,637 | 95.68% | 116 | $275,956 | 35.11% |
| RS | All | 1,424 | 583 | 40.94% | $251,500 | $240,637 | 95.68% | 116 | $275,956 | 35.11% |
During the Q2 was saw quite a bit of improvement with almost 41% of the homes Selling. Sellers held the course getting almost 96 cents on the Dollar. Market time increased a little to just under 4 months. 35% of the Listings Expired again in Q2.
It seems the Market is trying to hold is own so far in the Third Quarter '08. Currently Sales are just under 40%, but Sellers are getting a little bump with 97 cents on the Dollar. Market time is just above the 4 Month mark at 125 days. There has been a big jump in the number of Expired Listings 57%
Currently, there are 2,239 Active Listings with an Ave List Price of $306,880 and a Ave Days On Market of 134.
| Class | Bedrooms | Current Active | Avg List Price | Avg DOM |
| All | All | 2,239 | $306,880 | 134 |
| RS | All | 2,239 | $306,880 | 134 |
If you would like to know more specifically how your County (our MLS covers Leon, Gadsden, Wakulla, Jefferson, and Franklin Counties) Neighborhood (Summerbrooke, Ox Bottom, Piney Z, Killearn Lakes, Killearn Estates, Southwood, Town & Country), or Home stack up, please feel free to call or email. chris@bsbipartners.com 850.545.9317
Until Next Time!
Chris
Christopher M. Chaback - 850.545.9317cell
Broker Associate, ABR, CRS 
BSBI Partners - Buy Sell Build Invest...Real Estate at its BEST
"It's YOUR Real Estate - We take it PERSONALLY"
Website: http://www.bsbipartners.com/
Keller Williams Town & Country Realty 1520 Killearn Center Blvd. Suite 100 Tallahassee, FL 32309
850/201.4663 office 850/894.6240 fax
Thinking of a Real Estate Career/Change?
View our company opportunity at http://www.acareerworthhaving.com/
Referrals are an important part of my business. If you or someone you
know is in need of real estate services, please give me a call. Thank
you.
Comments(0)