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If you have a home for sale in Tallahassee, then you might be curious about the differing performance levels of different areas in Tallahassee. Some areas of town are doing better than others, and knowing this information can help guide you on your asking price. If your area is getting more popular, you might consider [...]
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Today is a short post, inspired by a recent reader question, that allows us to pursue a “statistic” that many “real estate professionals” quote, but few truly understand. Today’s topic is about the relationship between the asking price and the selling price (sales price to list price ratio) of homes that have recently sold.
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Too often, people fail to use all of the information at their disposal when making a home-selling decision. Talk to any real estate professional who has visited with a potential home seller in the past few weeks and they will tell you that we are still hearing people say “I’ll start it at this price [...]
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I had a request from a long-time reader yesterday that I felt would make a great follow-up article to the one that we did a few days ago on Southwood in Tallahassee. For those of you who saw the headline and were hoping for a “Running of the Bulls – Southern Style!,” then I am [...]
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The following table shows the most active subdivisions in Tallahassee with information regarding inventory, 12 months sales, and inventory in terms of “months of supply.”
Subdivision
Homes for Sale
Average Asking Price
12 Month Sales
Avg. Sales Price
Current Supply (Months)
Leon County Total
3182
$282,664
4168
$224,874
9.2
SOUTHWOOD
135
$415,323
188
$325,531
8.6
Plaza Tower
101
$372,727
18
$164,367
67.3
Midyette Oaks Condominiums
72
$156,215
1
$350,000
864.0
Golden Eagle
67
$656,401
33
$592,411
24.4
Killearn Lakes
65
$278,608
109
$252,825
7.2
Killearn Estates
57
$348,619
119
$291,910
5.7
Bull Run
40
$365,813
54
$380,405
8.9
Killearn Acres
34
$258,756
68
$215,281
6.0
Woodbriar
32
$172,541
13
$168,926
29.5
UNIVERSITY GREEN
27
$171,752
5
$169,900
64.8
TALLAHASSEE CENTER
25
$431,332
103
$227,784
2.9
Hampton Creek
24
$211,359
57
$193,047
5.1
The Tennyson
24
$434,163
11
$444,853
26.2
Piney Z
23
$289,997
57
$257,444
4.8
Savannah Crossing
21
$158,633
13
$160,562
19.4
Wolf Creek
21
$162,443
17
$154,527
14.8
Township One [...]
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Several months ago, I wrote a blog about the Southwood Subdivision in Tallahassee. Back then, I reported that home prices were dropping and heading towards the “pre boom” levels that we saw in 2005. I thought it might be interesting to see a quick update on what is happening in Southwood three months later.
The first [...]
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