Gadsden County, Florida is located to the northwest of Leon County and has been a "bedroom" community of the Tallahassee real estate market for a long time. We have seen many great values on homes in the communities of Gadsden County, and it is quite often that Tallahassee home buyers stray a little to the north to take advantage of the land values there. While this blog normally focuses on Leon County, I was compelled by a reader to update our real estate market reports of Gadsden County.
Gadsden County Home Seller Seeks Real Estate InformationI was recently contacted by a reader, Jan H. who wrote "Our home is on the market in Havana. I just wondered if there is any kind of inventory for Gadsden County as there is for Leon County. We know that the market is really tough but are curious as to what else is out there in Gadsden County." This was a question asked at the perfect time, so I went into the MLS and pulled all the current real estate sales information for Gadsden County. As we can see from this report, Gadsden County is in worse shape than Leon County, with the overall supply of homes up to 15.7 months (meaning if no other home comes on the market, there is enough current supply for the next year and four months!). Additionally,
You can click here for Download the Free Gadsden County Real Estate Market Report.The best performing price range in Gadsden County right now is homes priced at $75,000 or less, and even that price range is fairing worse than the average home in Leon County. I wanted a long-term perspective of home sales in Gadsden County, so I pulled the Gadsden County Tax records to find all of the sales information to include what was not in the Tallahassee Board of Realtors Multiple Listing Service (MLS) and was able to produce this report: The green shaded area is total home sales (trend) in Gadsden County since 1995 and can be read on the right vertical scale (green color). Each specific price range trend can be read on the left vertical scale (black color). What this graph of Gadsden County home sales shows us is that roughly 27 homes were selling before the boom market (2005-2007), but our trend has dropped back down below 30 homes per month. With inventories very high, it will take a while to consume our way back down to normal levels.
Home Selling Advice For Gadsden County Home OwnersNow is not the time to sell, if you can wait. Only serious sellers should be in the market, and they must drop their asking price to be the best buy on the market. Remember, there is 1.3 YEARS supply of homes on the market, so don't price yourself out of the market.
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.
If you like this Article then please subscribe to my blog through a full RSS feed, or you can . 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, 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.