Comments on: Different Southwood Home Types See Similar Sales Results

By: Joe Manausa

Joe Manausa — Thu, 28 May 2009 16:58:04 +0000

Hey Doug,

I think it is a combination of all those that you listed. Prices have declined so much in Southwood that many homeowners just don’t know what to do. They put their home on the market at a price that they can handle at closing, but that doesn’t mean anybody will even look at it at that price. It does nobody any good, it just adds to the inventory. They need to keep owning it until prices come back and they can sell it.

By: Doug

Doug — Thu, 28 May 2009 16:06:23 +0000

Joe,
Thanks for taking the time to provide those stats…
In your analysis you stated: “In the case of the condo / townhomes, the units for sale are more expensive than the ones that failed to sell.”. I wonder if that is a case of delusional (unrealistic sellers), real estate agents taking a listing on what the sellers think the property is worth verses a cma, or sellers just plain underwater and can’t realistically price their property.

Doug

By: Housing Reports | Real Estate Market Reports

Housing Reports | Real Estate Market Reports — Mon, 25 May 2009 21:07:52 +0000

[...] Real Estate presents Different Southwood Home Types See Similar Sales Results posted at Tallahassee Real Estate Blog, saying, “New single family homes in Southwood (price [...]

By: Posts about Real Estate Agent as of May 19, 2009

Posts about Real Estate Agent as of May 19, 2009 — Wed, 20 May 2009 11:44:49 +0000

[...] real estate investors agree that you should get multiple quotes and add at least 50 percent Different Southwood Home Types See Similar Sales Results – http://www.manausa.com 05/19/2009 As I was helping a great Tallahassee real estate agent prepare an [...]

By: Joe Manausa

Joe Manausa — Tue, 19 May 2009 17:41:19 +0000

Thank you Doug. I combined all of the “under contract” status’ into “Contract Pending” rather then list so many of them. The MLS usually closes less than 50% of the homes that go under contact in one fashion or another, so I always advise … “don’t count your chickens before they hatch.”