Tallahassee Real Estate Blog

The data is in for the month of July and we have analyzed, scrutinized, charterized, and grapherized it and placed in The Market Bulletin on the Tallahassee Real Estate Web Site. If you have not done so yet, subscribe to this blog so that you can always be on top of what is going on in the Tallahassee real estate market. Otherwise, you can just go directly to our July Real Estate Market Reports page and see what is going on. But if you want the skinny on residential lots in Leon County, then Read the rest of this entry

With so much being written about foreclosures nationally, it is time to put aside rumors and report exactly what is happening with foreclosures in Tallahassee. Rather than talk in general, this blog will report exactly what has occurred in Tallahassee, thus far this year. Read the rest of this entry

I always like to get questions from readers and I use these questions to guide the content of the Tallahassee Real Estate Blog. Yesterday I received a comment from a reader, “L. Blake,” who asked the kind of question that makes for a great blog article. Read the rest of this entry

Happy Birthday Mary Lou Manausa

Today is my Mother’s birthday (I can’t say how many), so I thought I’d list the 70 reasons why I love my Mom. Dad, in case you’re reading this, you can consider this sentence my “thank-you” for any of the following that also apply to you (as it’s not your birthday). Read the rest of this entry

Have you ever been driving around a neighborhood and seen a home for sale that really piqued your curiosity? Most likely you called the real estate brokerage office and asked to see the property, only to be asked to come to the office. The office might even be on the opposite side of town! Read the rest of this entry

We had such great response to the Tallahassee Florida Real Estate Blog yesterday that we’ve decided to issue a second edition of our most trafficked blog articles. Today’s compilation of real estate articles will focus on Tallahassee real estate.

A Great Tallahassee Real Estate Case Study - Home ownership in the Tallahassee real estate market is the single-greatest investment that a family can make. It blows away the stock market, and for most families, it is by far the smartest investment that they can make.

Tallahassee Real Estate Historical Information - We often hear that the Tallahassee real estate market is cyclical, but sometimes a picture will show us much more than mere words can communicate. This blog article includes excellent charts, graphs and analysis of the previous 68 quarters in the Tallahassee real estate market.

Residential Sales In Tallahassee in 2007 - The Leon County tax data base shows residential unit sales going back to 1990. This article is a collection of graphs that show how the residential market in Tallahassee has changed and grown over the past 17 years.

Inventory Trends In The Tallahassee Real Estate Market - The preliminary numbers are in for the Tallahassee Real Estate Market and the first thing that I like to check (lately) is the inventory trend chart. This chart tells us, based on the previous twelve months of information, whether the inventory in the MLS is thinning or growing.

High-End Market Update - Tallahassee high-end inventory has grown to nearly 30 months of supply, but believe it or not, the upper end market has been growing, so anyone who prices their home competitively should expect to see fairly steady traffic through their home. While such high inventory in this price range is not great news, it is good to know that homes are continuing to sell in the upper end.

Graphs, Graphs and More Graphs of Tallahassee Housing - It appears that prices are rising…. yet we know inventory has risen and unit sales have fallen. What we expect to see is some downward movement on prices. I asked readers of the Tallahassee Real Estate Blog (and others) for opinions on why this was happening and really none of us had a good answer….. Until Gooch had this idea!

Tallahassee Real Estate Market Analysis Home Page - Well, it is finally started. After receiving so many requests for a permanent location to find real analysis of the Tallahassee real estate market, Century 21 First Realty has created the place! If you want to know more about the current trends in Tallahassee real estate, just following the link!

Watch A 5000 Square Foot Home Being Built In Less Than 10 Minutes! - Possibly one of the most fun blogs that we have written at Century 21 First Realty in Tallahassee. This is a 9 minute video, posted on YouTube, that shows a 5000 square foot home being built. The awesome home construction video is set to fun music and will entertain and enlighten people who want to see a home being built, fast.

As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible.

Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.

If you like this Article then please subscribe to my blog through a full RSS feed. You will be able to stay informed about the happenings in the Tallahassee Real Estate Market. You can also subscribe to this blog and have it delivered by Email.

Joe Manausa is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.

This is our third consecutive month of offering our free Tallahassee Housing Report. The purpose is to provide useful information about Tallahassee Housing by showing supply and demand across all price ranges in Leon County. This is the most comprehensive report that you will find on supply and demand in Tallahassee because it brings in more sources than just the Tallahassee Board of Realtors Multiple Listing Service (MLS).

So here it is again. This month, we have simplified the Tallahassee Housing Report by removing a column of information that readers found to be “too busy.” We hope you continue to provide feedback to us on this report so that we can improve it each month. If you have any questions on how to read the report, please comment below. Our goal is to make this a user-guided resource for now and well into the future.

We encourage you to download this report and take some time getting to understand it’s very useful information about supply and demand in the Tallahassee housing market.

Tallahassee Housing Inventory Report - May 2008

Tallahassee Housing Inventory Report - April 2008

Tallahassee Housing Inventory Report - March 2008

As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible.

Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.

If you like this Article then please subscribe to my blog through a full RSS feed. You will be able to stay informed about the happenings in the Tallahassee Real Estate Market. You can also subscribe to this blog and have it delivered by Email.

Joe Manausa is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.

One technique that real estate professionals use to meet more buyers is to hold an “Open House” on a home for sale in Tallahassee. Statistically, we have less than a 1% chance of selling the home that we are in due to that Open house, so you might wonder why we do it at all.

A National Association of Realtors study showed that 44 percent of people who talk to a real estate agent about buying a home or selling a home will actually end up buying or selling in the next year. So if we get 100 people through open houses a year, we’re going to be dealing with about 44 buyers or sellers. The benefits of Open Houses are that they generate leads, build referrals and keep the Century 21 Brand Name Recognition in the market place.

So, if we know that we have less than 1% chance (statistically) to sell a home from an open house, how is it that we are exposed to so many buyers? The fact is that most people want what they cannot have. They shop in stores for expensive products, then buy something that they can afford. The same goes through for most home buyers. They are attracted to homes that are priced a bit higher than they can afford. If we have the opportunity to meet them at an open house, they typically buy a home that is priced 20-30% lower than the one in which we met them.

A little bit of information that you might not know. There is a lot more work performed for an open house that occurs behind the scenes. While the typical house is open for three to five hours, the Tallahassee real estate agent has done plenty of work preparing for that open house. Some of the things the Realtor does include:

• Targeted mailings during the weekdays inviting attendees
• Targeted phone calls during the weekdays inviting attendees
• Advertisement preparation to announce the open house
• Flyer creation and circulation to other real estate professionals
• Neighborhood canvassing to spread the word
• Home preparation to include cleaning and staging
• Directional sign placements to maximize traffic
• Food and drink preparation (sometimes)
• Post open house clean-up

So next time you are out and about and decide to take-in an open house, you now know more about what is going on. The real estate professional has most likely prepared all week for this event, so don’t be afraid to ask her questions about the house, the community, and other homes for sale that are similar to the one that you are in. Who knows, maybe you’ll be part of the 44% who buy a home in the next year!

As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible.

Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.

If you like this Article then please subscribe to my blog through a full RSS feed. You will be able to stay informed about the happenings in the Tallahassee Real Estate Market. You can also subscribe to this blog and have it delivered by Email.

Joe Manausa is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.

I have been doing a lot of research and reading lately, as I feel this is the toughest real estate market cycle that I have been through in my 17 years of brokering in the Tallahassee real estate market. It seems that many people have an opinion on real estate, and many have speculated that the worst is behind us. While I’m excited to think that some of the stories in the media could actually turn positive soon, I feel that some simple concepts can reveal where we truly are in this current real estate market cycle.

Let us first define what a “good real estate market” is versus a “bad real estate market.” A good real estate market is where Sellers can put their homes on the market and can fairly quickly sell them, while a bad real estate market is where most sellers will fail to sell their home. Fair enough? In a good market, home prices appreciate, and in a bad market homes depreciate.

So how do we know which way the market is going? As simple as this question sounds, the answer is equally simple to tell. All you have to do is look at the flow of inventory over a period of time. Are more homes coming onto the market (creating inventory….creating glut)? Or, are more homes leaving the market (reducing inventory … leaving demand unfulfilled)? That is all we have to measure!

The Tallahassee Real Estate Inventory Report, which can be found updated several times per week, shows that the inventory is still growing. We need to see the “yellow” portion of the chart move below the zero line on a consistent basis to know that market has turned.

As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible.

Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.

If you like this Article then please subscribe to my blog through a full RSS feed. You will be able to stay informed about the happenings in the Tallahassee Real Estate Market. You can also subscribe to this blog and have it delivered by Email.

Joe Manausa is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.

Last month we launched our first-ever Tallahassee Real Estate Market Inventory Report. The purpose was to provide useful information about supply and demand in the Tallahassee real estate market.

So here it is again. This month, we have improved the Tallahassee Real Estate Market Inventory Report by adding a column of data which shows how the inventory has changed since last months Tallahassee Real Estate Market Inventory Report.

We encourage you to download this report and take some time getting to understand it’s very useful information about supply and demand in the Tallahassee real estate market.

Tallahassee Real Estate Market Inventory Report - April 2008
Tallahassee Real Estate Market Inventory Report - March 2008

As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible.

Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.

If you like this Article then please subscribe to my blog through a full RSS feed. You will be able to stay informed about the happenings in the Tallahassee Real Estate Market. You can also subscribe to this blog and have it delivered by Email.

Joe Manausa is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.