Tallahassee Real Estate Blog

With this being the 101st blog written in the Tallahassee Real Estate Blog, I figured I would give the readers a look at who is visiting our blog in Tallahassee, Florida. You might be surprised at who we drag in. So, to answer our question regarding who are you Tallahassee real estate people…

Who Are You

Women out-visited men during the month of June. I wonder if this is a long-term trend. It seems that our average parallels that of overall internet usage.

Not surprisingly, 93% of our visitors are old enough to buy or sell a home in Tallahassee.

The ethnicity figures for the Tallahassee real estate blog shows that 93% of our visitors are either Caucasian or African American.

This chart shows that it’s not just my friends and family visiting, as we can see that 60% of the visitors to Tallahassee Real Estate Blog have a college degree (or higher).

Roughly 7 out of 8 of our visitors make greater than $30,00 per year, while 1 in 2 make over $60,000 per year.

Where Do Tallahassee Real Estate Blog Readers Come From

Perhaps the most interesting data that I have found is that our visitors come from 110 different countries! That too me is amazing. It just shows you the power of the internet and the importance of having an international real estate marketing plan, even for lil’ ol’ Tallahassee.

When Do Tallahassee Real Estate Blog Readers Visit

This next graph shows that we have had over 35,000 visits this year and that mid-day at the Tallahassee Real Estate Blog is roughly 2:30 p.m. and that 2/3rds of our visitors have been to the blog by 5:00 p.m. Eastern Time.

O.K. Now that we all know who everybody is, hopefully we can see a lot more comments and two-way dialogue on what is becoming a very popular spot in the blogosphere. Please do not hesitate to comment below and to recommend anything that you would like to see covered on the Tallahassee Real Estate Blog.

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.

Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.

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 is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. 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.

We are about to complete the first six months of the Tallahassee Real Estate Blog! How time flies…

You might be surprised to find that the visitors to the Tallahassee Real Estate Blog come from all over the world. Just this morning, I checked and found some interesting results. The maps below represent the source of visitors. The darker the green color, the more visitors that came from that location.

As you can tell, most of the visitors come from the U.S., and most of them come from Florida. But I did not expect to find that 107 countries and every State has sent visitors to the Tallahassee Real Estate Blog in just 6 months! Additionally, who would have guessed that the most active States would not be our neighboring states, but rather California and New York! I guess the world really is shrinking.

Part of our success in drawing people from all over the world is the result of our renewed focus on Internet Marketing for Real Estate with Web 2.0. We committed to this change at the end of 2007 and we are very excited with the preliminary results that we are finding at the Tallahassee Real Estate Blog.

This week, we expect to see the May real estate report completed in the Tallahassee Real Estate Blog. Tune in for colored graphs, charts and more analysis of Tallahassee housing.

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.

Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.

If you like this Article then please subscribe to my blog through a full RSS feed. 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 is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. 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.

We had such great response to the Tallahassee Florida Real Estate Blog yesterday that we’ve decided to issue a second edition of our most trafficked blog articles. Today’s compilation of real estate articles will focus on Tallahassee real estate.

A Great Tallahassee Real Estate Case Study - Home ownership in the Tallahassee real estate market is the single-greatest investment that a family can make. It blows away the stock market, and for most families, it is by far the smartest investment that they can make.

Tallahassee Real Estate Historical Information - We often hear that the Tallahassee real estate market is cyclical, but sometimes a picture will show us much more than mere words can communicate. This blog article includes excellent charts, graphs and analysis of the previous 68 quarters in the Tallahassee real estate market.

Residential Sales In Tallahassee in 2007 - The Leon County tax data base shows residential unit sales going back to 1990. This article is a collection of graphs that show how the residential market in Tallahassee has changed and grown over the past 17 years.

Inventory Trends In The Tallahassee Real Estate Market - The preliminary numbers are in for the Tallahassee Real Estate Market and the first thing that I like to check (lately) is the inventory trend chart. This chart tells us, based on the previous twelve months of information, whether the inventory in the MLS is thinning or growing.

High-End Market Update - Tallahassee high-end inventory has grown to nearly 30 months of supply, but believe it or not, the upper end market has been growing, so anyone who prices their home competitively should expect to see fairly steady traffic through their home. While such high inventory in this price range is not great news, it is good to know that homes are continuing to sell in the upper end.

Graphs, Graphs and More Graphs of Tallahassee Housing - It appears that prices are rising…. yet we know inventory has risen and unit sales have fallen. What we expect to see is some downward movement on prices. I asked readers of the Tallahassee Real Estate Blog (and others) for opinions on why this was happening and really none of us had a good answer….. Until Gooch had this idea!

Tallahassee Real Estate Market Analysis Home Page - Well, it is finally started. After receiving so many requests for a permanent location to find real analysis of the Tallahassee real estate market, Century 21 First Realty has created the place! If you want to know more about the current trends in Tallahassee real estate, just following the link!

Watch A 5000 Square Foot Home Being Built In Less Than 10 Minutes! - Possibly one of the most fun blogs that we have written at Century 21 First Realty in Tallahassee. This is a 9 minute video, posted on YouTube, that shows a 5000 square foot home being built. The awesome home construction video is set to fun music and will entertain and enlighten people who want to see a home being built, fast.

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.

Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.

If you like this Article then please subscribe to my blog through a full RSS feed. 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 is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. 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.

I am helping an investor buy an investment property in Tallahassee today. With most people concerned about the market and choosing to be sellers, he likes to “swim upstream” and so he has moved to a buying position in the Tallahassee real estate market.

I figured our selection process might make for an interesting blog post. The simplicity of what he is doing has caused me to realize that sometimes our fears cause us to miss the obvious signs of what we should do. But as he reminded me, the return in real estate is found in long-term, leveraged appreciation. Too many investors think the money is in speculation or in the “flip,” whereas seasoned investors like to watch the appreciation build up.

So, today’s Tallahassee Real Estate Blog will feature a home for sale in Tallahassee. This is a real home that is completely renovated and will draw rents of $1,250 to $1,300 per month from the market. And because it has been completely renovated, the operating expenses on this unit will be lower than a typical property as all replacements have been recently made. It makes for the perfect investment property in Tallahassee.

I have included a simplified, but accurate, purchase analysis that shows an investor can buy this investment property in Tallahassee and should expect to realize a long-term, annual rate of return exceeding 20%!!! Not too bad for a “down market!”

In this example, we see the home is purchased for $118K with the buyer paying 3% towards closing costs. Assuming the buyer put 20% down, that would be total cash out of pocket for the buyer of  $27,140.

As we can see from the example above, the short-term after-tax “cash on cash” return is basically 7.6%, but the overall return exceeds 20%. You can build serious wealth over time when you get your return on investment (ROI) north of 20%, which is all the more reason to consider buying an investment property in Tallahassee.

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.

Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.

If you like this Article then please subscribe to my blog through a full RSS feed. 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 is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. 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.

Today’s posting on the Tallahassee Florida Real Estate Blog will be short and sweet. I’ve just come back into town and have a lot of catch-up work to do.

I’ve been out of town since Thursday and the first thing that I want to know is whether or not we’ve seen a directional change in the residential inventory in the Tallahassee real estate market. The easiest way to do this is to go to the Tallahassee Real Estate Market Bulletin and check the graph. If the yellow section is below the zero line, then inventories are finally dropping. If the yellow is still above the zero line, then we are continuing to add inventory.

As we can tell from the graph above, our sixty-day trend is still “above the line.” This means that our residential inventory in the Tallahassee real estate market is growing by about 2 homes per day.

I am looking forward to the day that we see the yellow band drop below the line, which would mean that residential inventory in the Tallahassee real estate market would finally be dropping!

!

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.

Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate 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.

Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.

If you like this Article then please subscribe to my blog through a full RSS feed. 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 is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. 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.

Today’s Tallahassee Real Estate Blog

This has to be a short one, as we have a lot going on in the office today. It is nice to see that plenty of people are still looking to buy a home in Tallahassee!

And speaking of buying a home in the Tallahassee real estate market, it looks like people are doing just that. This new chart was created from the most current data from the Tallahassee Board of Realtors Multiple Listing Service.

Of particular interest is the blue line and the green line. The blue line is the “pend trend” meaning the trend of new “under contract” homes. This began rising in September of last year and continues to do so. The green line represents the trend of the “consumed pendings” and historically hovers in the 70-80% range. This means that roughly 75% of contracts that are put under contract in the MLS actually make it to closing. When we see the number rise above that, we are either getting more efficient or the market is shrinking. Also, when we go above 100%, that means we are closing on more homes than we are putting under contract, meaning the market is definitely constricting. Above, the green line is a great sign, finally dropping below the 100% level. Once we see it settle in low 80’s or high 70’s, I will feel much better.

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.

Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.

If you like this Article then please subscribe to my blog through a full RSS feed. 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 is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. 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.

We have had great feedback from our readers in the Tallahassee real estate market since launching our new Tallahassee Real Estate Web Site on December 19, 2007. Over the past year, we had been conducting surveys, soliciting feedback, and speaking to customers about what they wanted in real estate website in Tallahassee.

Some of the key features that we have launched include:

• Full Tallahassee MLS Property Search (Data provided by the MLS)
• Complete Access to Homes For Sale In Tallahassee without annoying registration
• A new and growing Tallahassee Neighborhoods and Subdivisions map and information service
• A near-daily view of the market provided by the Tallahassee Real Estate Blog
• Tallahassee Real Estate Market Information delivered by a full RSS feed
• Tallahassee Real Estate Market Information delivered by E-Mail
• Home buyer resources including a Free Tallahassee Home Buyer’s Guide
• Home seller resources including a FREE Tallahassee Home Pricing Analysis
• A new Free Tallahassee Relocation Tool, whether moving to or from Tallahassee
• A constantly updated Tallahassee Real Estate Market Report
• A Tallahassee real estate career evaluation tool that will let you know if real estate is right for you
• A First Time Tallahassee Real Estate Buyer’s Guide that answers critical questions
• Much, much, more from the top Tallahassee Real Estate Company

We hope that you will find our Tallahassee Real Estate Web Site easy to use and helpful in all of your Tallahassee real estate needs. We have designed the site to be user-friendly and highly interactive, so please give us the feedback that we need to continue to make this site your One-Stop-Shop for Tallahassee Real Estate.

If you like this Article then please subscribe to my full RSS feed. You will be able to stay informed about the happenings in the Tallahassee Real Estate Market. You can also subscribe by Email.

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.

Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.

If you like this Article then please subscribe to my blog through a full RSS feed. 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 is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. 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.