What You Need To Know About Gadsden County Homes

Posted by Joe Manausa on Wednesday, August 20th, 2008 at 6:52am.

If you live in the Tallahassee real estate market, you need to know what is happening in all the counties that surround Tallahassee and Leon County, Florida. One county to our west found prosperous times during the boom years of 2006-2007, so how are they doing now?

Gadsden County Boomed In 2007

While the Tallahassee Real Estate Blog focuses primarily on Leon County Florida homes, I occasionally publish information from neighboring counties because they have a great impact on what is happening in our local real estate market.

Gadsden County Is Down 40% From The Peak

Looking at the graph below, we can see that the number of Gadsden County homes selling each month has trended down to 31 homes, which is 40% off the peak that occurred in May of 2007.

Gadsden County Is Back To Pre-Boom Levels

While unit sales have dropped to pre-boom levels, home prices in Gadsden County have held pretty true over the past year or so. I suspect there will be some downward pressure on pricing as we work to get sales momentum moving forward again.

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Joe Manausa is a real estate investor and the Broker and Co-Owner of Joe Manausa Real Estate. 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.

 

 

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Joe Manausa, MBA is a 26 year veteran of real estate brokerage in Tallahassee, Florida and has owned and managed his own company since 1992. He is a daily blogger with content that focuses on real estate analytics and providing his clients with a tactical advantage in today's challenging market.

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