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Chris Chaback - Tallahassee Board of Realtors 2008 Statistics

By Chris & Renee Chaback

Real Estate Agent with Keller Williams Realty

January 08, 2009 02:17 PM

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