Thanks for any assistance you can provide.
3000 Square Foot Homes Show Slight Decline In Value
Of course, this exercise got me thinking about all the other information that could be derived from this type of analysis. I decided to take all the home sales in Leon County (Tallahassee real estate market) from the Tallahassee MLS and break them down into five size groups (1000,2000,3000,4000 & 5000 square feet). For example, the 2000 square foot homes in Tallahassee group was compiled from all homes sized from 1800 to 2200 square feet.
||Low End of Size Range
||High End of Size Range
|1,000 Square Feet
|2,000 Square Feet
|3,000 Square Feet
|4,000 Square Feet
|5,000 Square Feet
The first graph shows the unit sales trend, which basically means how many homes per month each category has been averaging over the past year. This graph does a great job of showing how dominant the 2000 square foot home category is in Tallahassee. It also shows that the number of homes selling each month continues to trend down and our current rate of sales is the lowest on this graph which dates back to 2001.
Home Sales Slowest in Eight Years
Housing Prices On A Slow Decline
Cost of Homes Lower Than Past
A Clear Picture Is Forming On Receding Home Prices
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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.
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.