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As I was doing research into Tallahassee housing appreciation, I found that a simple methodology utilized historic information on home sales and specifically the selling prices compared to the square footage of the home. If the market price per foot was rising, most likely we were experiencing real appreciation, whereas if the market price per square foot was falling, Tallahassee homes were depreciating.
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The enclosed real estate graph is chock full of useful information about real estate appreciation in Tallahassee, but first we need to identify how we were able to produce the graph. The graph is a measurement with the following constraints:
* All recorded 2009 existing home sales in Tallahassee (no new home sales)
* Only “Warranty Deed” recordings in order to remove as much “non arms length sales” as possible
* Only properties with square footage recorded at the county
* All Previous sales were used to calculate annualized return for each property
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