Posts tagged as:

condominiums

Tallahassee Neighborhoods See More Home Sales

March 11, 2010

Tallahassee Neighborhoods are enjoying the beginning of the market turn, with homes selling at a faster rate today than they were a year ago. The most active neighborhood in Tallahassee is Killearn Lakes, followed by Southwood, Killearn Estates and Killearn Acres.
The following real estate graph shows the top 3 Tallahassee neighborhoods represent a very large [...]

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Wait Until Next Year If You Are A Homeseller?

February 24, 2010

“We are going to have to wait until next year to sell our house,” is perhaps the concern that I am hearing most from upside-down homeowners, or those who have lost much of the equity in their homes. Perhaps they hope to rent the house out to a tenant for the next year or so, and then put the home on the market when it will sell for the values found back in 2006.

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Understanding Contradictory Housing Reports

February 2, 2010

How often do we see reports about the housing market that seem to show that things are improving, only to find another report that seems to completely contradict the first? And how about when two reports “hit the headlines” at the same time, and seem to be covering the exact same issue, yet conclude with [...]

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Tallahassee Subdivisions 2009 Home Sales Report

January 22, 2010

Tallahassee has a lot of subdivisions for the number of homes in town. In 2009, there were home sales recorded in 806 of these Tallahassee neighborhoods (legally called Subdivisions). I decided to take a fairly quick look to see which neighborhoods were selling the most properties.
I went to the tax records for all of Leon [...]

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Something Positive Reported In Tallahassee Housing

November 10, 2009

Something positive occurred in the Tallahassee real estate market during the month of October. It was long awaited, yet one month prior to my prediction made earlier this year, so I am very excited to report REAL PROOF of a housing market improvement in Tallahassee.
We finally put a halt to a run of year over [...]

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How To Find The Bottom Of The Real Estate Market

April 13, 2009

If you want to know the beginning of the next phase of the market turn, just keep an eye on the green line in the graph below. You can visit this graph (updated twice per week) at The Market Bulletin.

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How To Graph A Market Correction

August 29, 2008

They say that a picture is worth a thousand words, and if that is the case, today’s blog is going to be about 1,200 words. I have produced a graph that shows the number of Tallahassee home sales each year, sorted by type and style, that clearly demonstrates the market correction in which we are [...]

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Tallahassee Subdivision Update

July 16, 2008

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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Real Estate Market Report – Simple Graphs

May 14, 2008

Every so often, I like to take a detailed look at residential sales in the Tallahassee real estate market. By downloading all of the sales from the Tallahassee Board of Realtors Multiple Listing Service (MLS), I am able to graph some trends that might not be so readily evident from the general market reports that [...]

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Tallahassee Real Estate Market – The Past 68 Quarters!

February 13, 2008

Often hear that the Tallahassee real estate market is cyclical, but sometimes a picture will show us much more than mere words can communicate.
I decided to pull residential sales in the Tallahassee real estate market from 1991 to the present (December 2007) in order to see what long-term trend could be found. The following graph [...]

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