Chris Chaback - Tallahassee Board of Realtors 2008 Statistics

By
Real Estate Agent with Keller Williams Realty

Hi All!

I hope everyone has had a wonderful Holiday Season and you all are having a great start to 2009.

I wanted to take an opportunity to start this year off with a look at 2008 and some numbers I think are important.

For those of you who do not know the Tallahassee Board of Realtors covers 5 counties in Northern Florida.  Those Counties are Leon (Tallahassee), Wakulla (Crawfordville), Gadsden (Havana & Quincy), Jefferson (Monticello), and Franklin (Gulf Coast Area).

The following are the statistics for 2008 for all 5 Counties:

Market Statistics All MLS
Statistics for: Class=RS,MF,CO,LL,RN AND Date Range=01/01/2008-12/31/2008 AND Board=-1; As Of: 1/8/2009
 
Class Bedrooms Current Active Avg List Price Avg DOM
All All 7,088 $245,715 288
RS All 3,915 $263,314 209
MF All 94 $308,728 262
CO All 208 $574,734 354
LL All 2,658 $210,720 416
RN All 213 $9,820 104
 
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 12,514 3,844 30.72% $201,388 $191,357 95.02% 126 $242,128 51.04%
RS All 9,031 3,334 36.92% $209,537 $200,167 95.53% 119 $248,100 44.47%
MF All 154 32 20.78% $223,981 $198,415 88.59% 147 $399,868 64.94%
CO All 242 35 14.46% $410,653 $389,827 94.93% 171 $535,405 65.70%
LL All 2,442 392 16.05% $137,313 $121,879 88.76% 190 $219,962 79.89%
RN All 645 51 7.91% $3,415 $8,848 259.05% 39 $30,753 24.96%

Most folks are in the Market as Sellers or Buyer and are concerned with Single Family Homes, so we will focus on Single Family Homes.  If you would like to discuss other property types feel free to contact me 850.545.9317 or chris@bsbipartners.com.

Tallahassee Board of Realtors Single Family Residential Listings Statistics for 2008:

Market Statistics All MLS
Statistics for: Class=RS,MF,CO,LL,RN AND Type=DET AND Date Range=01/01/2008-12/31/2008 AND Board=-1; As Of: 1/8/2009
 
Class Bedrooms Current Active Avg List Price Avg DOM
All All 2,763 $298,724 188
RS All 2,763 $298,724 188
 
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 6,586 2,468 37.47% $235,784 $225,021 95.44% 118 $284,935 43.02%
RS All 6,586 2,468 37.47% $235,784 $225,021 95.44% 118 $284,935 43.02%

Currently, there are 2763 Single Family Residential Listings on the Market.  This number has been falling.  It has been a while since I have seen this number under 3000.

As you can see just under 2468 Homes Sold in 2008 with an average Market time of 118 days, representing 37.47% of Homes Sold.    There was a drop of 6.6% in Average Sale Price from 2007. to 2008.

I will take a look at Leon County in the next Blog.

Let me know if you have any questions.  Feel free to email chris@bsbipartners.com or call 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

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