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

The February numbers are in, and it’s time to take a look at the Tallahassee Real Estate Market for the Month of February.

The first thing I check every month are the average prices of the major residential groups. Single-family detached homes, condominiums and town houses, residential lots, and mobile homes.

We can see that average prices are still moving higher in the Tallahassee Real Estate market. I’m not so sure why we are seeing this. This does not necessarily mean appreciation, it just could be an indication of what people are buying right now. More analysis on this is needed.

The next graph is for the Gooch, who always wants to know what is up with lot sales. Lot prices in Leon County, Florida are holding steady with the average Tallahassee residential lot selling for roughly $90,100.

Well Gooch, lot sales have trended down from a high of 228 lots selling per month in April of 2006 all the way down to 100 lots selling per month through February of this year. Tallahassee lot prices hit a monthly average high in March of 2006 at $113,000 and is currently holding steady at an average of $90,100.

There will be much more of the Tallahassee Real Estate Market Update for February 2008 in following blogs.

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.

The numbers are in for December and I thought I’d take a quick moment to give us a sneak-peak at what they are. I will cover the Tallahassee Real Estate Market Report for December in a future blog soon.In a year-over-year comparison with 2006, the Tallahassee real estate market was down about 28% for residential units (Single Family Homes, Condominiums, and Town Houses). This is no big surprise.Residential lot sales were down about 43% compared to 2006. Mobile home sales were up 1%, and the commercial market (not vacant land) was down about 18%.Average prices declined, but did not drop drastically as the doom-sayers predicted.

The only large decline was in lot prices, and it is too early to tell if actual prices were dropping or if the slowing of speculative building on the higher priced lots brought down the average. The Lot-Sales Trend chart is very busy.

Finally, the New Construction market in Tallahassee saw its toughest year in quite a while, but a turn-around appears to have started. New single-family permits started to trend higher a few months ago, and new construction sales have started to trend higher as well.

I will be conducting a much more detailed analysis of the 2007 Tallahassee Real Estate Market in a future blog.

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.