All About Houses In Tallahassee

Posted by Joe Manausa on Thursday, January 14th, 2010 at 11:36am.

You can really get a great feel for the Tallahassee housing market by just "clicking around" the Tallahassee MLS Search Tool. It has never been so easy or fast to view Tallahassee houses.

The market goes up, and the market goes down, but what do people moving to Tallahassee want to know? They want to know about houses in Tallahassee. They want to know about schools and they want to know about Tallahassee neighborhoods. They want to know about recreation and they want to know about shopping. But most of all, they want to know about the area and about Tallahassee houses.

I received a message from a client this morning who will be moving here shortly. Here is what she said:

My husband and I are relocating to Tallahassee. Our move date will be in June. I wanted to get in touch with you quickly. I will actually be in town this weekend and was hoping someone could show me around the city and neighborhoods that are family friendly with good school districts. I was hoping to do this on Saturday. I looked through the MLS on your website and have a list of some properties I like but mostly I would like to get more familiar with the area.

Obviously, we are excited to help her and her family.

Using The Internet To See Tallahassee Houses

At Joe Manausa Real Estate, we have a relocation department with agents highly trained in working with home buyers who are relocating from other market areas. These people need more time to get a feel for Tallahassee than those of us who are already local. They want to know where they are going to work, play, and spend time with their families.

This is something that we can talk about all day long on the internet, but in reality, we need to get their feet on the ground in Tallahassee and show them around. Tallahassee is a great place, "Florida with a Southern Accent!"

But we also can familiarize them with home values in Tallahassee before they arrive. Our great new MLS Search Tool allows them to shop by price range with a single click. While they will not be familiar with each neighborhood, they can gain a quick feel for "how much home they can buy in Tallahassee."

An Analytical View Of Tallahassee Houses

In preparing for this weekend, I figured a good place to start would be to summarize the arms length home sales in Tallahassee for 2009. I was able to analyze all home sales recorded in Tallahassee through December 18, 2009, and then I discarded the non-arms length sales. I also discarded ones that did not contain information about the size of the home (which you will understand when you see the tables below).

The following table shows the total number of home sales in Tallahassee by price range and then provides value information for each price range. If you click on the price range, it will take you to a page that displays all of the homes for sale in the Tallahassee MLS, in the corresponding price range.

Price Range Units Volume Gross Sqft Avg. Price Avg. PPSFT
Below $75,000 108 $6,260,800 102,577 $57,970 $61
$75K - $100K 144 $12,942,800 164,911 $89,881 $78
$100K - $125K 226 $25,803,900 275,041 $114,177 $94
$125K - $150K 291 $40,614,100 381,295 $139,567 $107
$150K - $200K 532 $92,989,200 817,263 $174,792 $114
$200K - $250K 265 $59,620,300 495,266 $224,982 $120
$250K - $300K 179 $49,187,200 393,479 $274,789 $125
$300K - $500K 188 $69,613,400 502,029 $370,284 $139
$500K - $750K 35 $20,676,900 136,505 $590,769 $151
Above $750,000 14 $17,080,000 71,200 $1,220,000 $240
Grand Total 1,982 $394,788,600 3,339,566 $199,187 $118

If somebody wants to more about the range of prices by home size, the next table is a nice little summary that breaks down the makeup of homes in Tallahassee. As you can see, the majority of our homes are between 1,000 and 2,500 square feet.

Size Range Units Volume Gross Sqft Avg. Price Avg. PPSFT
Under 500 Sqft 7 $989,200 2,180 $141,314 $454
500 - 1,000 Sqft 184 $17,067,000 157,358 $92,755 $108
1,000 - 1,500 Sqft 760 $103,669,000 962,633 $136,407 $108
1,500 - 2,000 Sqft 565 $110,757,700 975,644 $196,031 $114
2,000 - 2,500 Sqft 273 $74,383,100 605,252 $272,466 $123
2,500 - 3,000 Sqft 95 $36,859,000 273,733 $387,989 $135
3,000 - 4,000 Sqft 73 $33,263,100 241,228 $455,659 $138
Above 4,000 Sqft 25 $17,800,500 121,538 $712,020 $146
Grand Total 1,982 $394,788,600 3,339,566 $199,187 $118

How To Best Search For Homes In Tallahassee

You can really get a great feel for the Tallahassee housing market by just "clicking around" the Tallahassee MLS Search Tool. You can look at some of the more popular neighborhoods in Tallahassee like we have listed below, or you can view the communities that surround Tallahassee. You can search by Tallahassee zip codes and even by features of the homes.

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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