Price Reductions In The Tallahassee Real Estate Market

Posted by Joe Manausa on Wednesday, May 21st, 2008 at 11:41am.

Today is a travel day for me. I'm heading to Chicago and will getting to see some of the real estate in the great Midwest.

As I sit here and write this in the airport, I am listening to the people sitting near me discussing their recent purchase of a home in Tallahassee. While I know that eavesdropping isn't exactly good form, I am pleasantly surprised at the optimism that I see in them about the real estate market in the next few years. You see, they felt that prices had come down to the levels they were right before the boom, therefore buying today is just like being able to buy a home in Tallahassee in 2005.

So that gave me a great idea. What if I could create a "Price Reductions" page on the Tallahassee Florida Real Estate Web Site that would allow our readers to have a way to see properties that might becoming "great buys." For example, here is one example of a great buy that I am aware of on the NE side of the Tallahassee real estate market. I knew the owners of this home before the current owners, and between the two of them, this great home has been pampered and improved since the day it was built. It is in the Lenox Mill Subdivision located on Thomasville Road, just north of Velda Dairy Road.

REDUCED $10,000

See a virtual tour of 3456 Chamblee Road

So here's the big question. If you would like to see a permanent "Price Reductions In Tallahassee Real Estate" page, comment below. If I get enough response, we'll add that to our Tallahassee Florida Real Estate Web Site. I look forward to hearing from you.





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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.

6 Responses to "Price Reductions In The Tallahassee Real Estate Market"

John Morris wrote: We appreciate you posting "great buys" and hope that you'll continue. However, in the early part of your post you said, "buying today is just like being able to buy a home in Tallahassee in 2004."

Then, you show us a newly reduced home selling for $319,900.

The problem is this home sold last in 2004 for only $260,000. So, it looks like this house has another $59,900 to go.

Unfortunately, in my experience, there are very few sellers actually asking for 2004 price other than REOs.

Posted on Wednesday, May 21st, 2008 at 4:09pm.

Dave wrote: I like it!

Posted on Wednesday, May 21st, 2008 at 5:50pm.

Shaun wrote: I would like to see that

Posted on Wednesday, May 21st, 2008 at 7:53pm.

Joe wrote: It's a great idea!

Posted on Thursday, May 22nd, 2008 at 7:49am.

Joe Manausa wrote: Great catch John. I was writing that from the Airport and did not check my numbers, thanks. I've changed it to read 2005 now. Thank you.

Posted on Thursday, May 22nd, 2008 at 8:14am.

Gavin Green wrote: I too would like to see it. As a first time home buyer I'm obviously nervous about the buying process and want to catch the best deal if possible.

Posted on Thursday, May 22nd, 2008 at 10:48am.

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