This is just a quick post to encourage you to check out our market update on the Tallahassee Real Estate Web Site. Our inventory tracking data is continuing to show great signs of a turn in the amount of inventory in the Tallahassee real estate market. Read the rest of this entry
Today’s Blog is actually a request, from me to you, to engage in an open discussion for the betterment of all of our readers (and blogger) alike. I have always assumed that a market that has a growing population should see a growing housing market (over the long haul) and reciprocally, a market that has a receding population should see a declining housing market. Read the rest of this entry
They say that a picture is worth a thousand words, and if that is the case, today’s blog is going to be about 1,200 words. I have produced a graph that shows the number of Tallahassee home sales each year, sorted by type and style, that clearly demonstrates the market correction in which we are still languishing. While it is no fun to see the Leon County real estate market down 50% from the top of the market, it is nice to know that this is a natural part of the real estate sales cycle and that we will see an opposite reaction in the future. Read the rest of this entry
The real estate market is local in nature, yet most of the media reports tell us how the real estate market is doing nationally, or how it is doing in the state of Florida. While this blog typically focuses on the real estate market in Tallahassee, I do occasionally take a peek at the markets that surround Leon County. This blog is one of my monthly updates that is designed to recognize the impact on Leon County when one of the surrounding counties does something unique or extraordinary. Read the rest of this entry
Benjamin Franklin - In a letter to Jean-Baptiste Leroy, 1789
I received an email from a client of mine who had purchased a home in Tallahassee back in 2004. Like many citizens of Florida, he is disturbed about his rising property taxes. His message was Read the rest of this entry
The key to determining how much a home is worth is being able to put yourself in the buyers’ shoes and look at what their options are. If there is a scarcity of homes, you can press for a higher price for your home. If there is an abundance of homes for sale, you need to price yourself below your competition. So, what if you had a handy one-page report that would help you decide? Read the rest of this entry
Just another quick post today (with a thank you to Carol Palacios for delivering the data) on the inventory in the Tallahassee Real Estate Market. I want to remind the readers that you can always find updated information on the supply of homes in Tallahassee at http://www.manausa.com/market.php. The link for all Tallahassee real estate market reports is right on our web site. Read the rest of this entry
We do a lot of work in the relocation industry (corporate moves and affinity relationships) and recently we were sent a request for information that I felt would make a great basis for a real estate blog for Tallahassee housing. Read the rest of this entry
I had a request from a long-time reader yesterday that I felt would make a great follow-up article to the one that we did a few days ago on Southwood in Tallahassee. For those of you who saw the headline and were hoping for a “Running of the Bulls - Southern Style!,” then I am sorry to disappoint. This article is about the Bull Run Subdivision in Tallahassee, Florida, not about running with the bulls in Pamplono Spain. Read the rest of this entry
Several months ago, I wrote a blog about the Southwood Subdivision in Tallahassee. Back then, I reported that home prices were dropping and heading towards the “pre boom” levels that we saw in 2005. I thought it might be interesting to see a quick update on what is happening in Southwood three months later.
The first thing that I saw when I pulled information from the Tallahassee Board of Realtors Multiple Listing Service (MLS) was that Beazer homes was the seller in 33% of the Southwood home sales in the past 12 months. When I took into account all the new construction sales, new homes sales in Southwood represented roughly 1 in every 2 homesales. That does not bode well for a subdivision that has nearly 16 months of supply of homes on the market already.
 |
 |
Current |
3 Months Ago |
The graph on the left was created from Tallahassee MLS information about an hour before I posted this. The graph on the right was made about three months prior. Here are a few observations that I find disconcerting for people who have a home for sale in Southwood in Tallahassee:
That final point is one the bears close scrutiny. If Beazer is delivering homes at a lower price per square foot than previous builders, won’t that mean that resale home values are dropping as well? I will keep a close eye on Southwood and report back again in the future.
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, or you can 
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.
Recent Comments