Foreclosures in Tallahassee are growing at an alarming rate, and all this talk about a real estate recovery is soon going to be drowned out by a market saturated with distressed properties. New lis pendens filings in April grew by a scary 112% over April 2011, and foreclosures in Tallahassee grew by an even scarier [...]
The numbers for April are in, and the Tallahassee housing market is reporting 6 straight months of declining home sales in the Year over Year Home Sales Report. While most of the data we use for our real estate reports comes from the MLS in Tallahassee, we occasionally look to the bigger picture and use [...]
The National Association of REALTORS® just released the new Pending Home Sales report for the US, and overall it appears as if the market showed some signs of strength. In Tallahassee, pending home sales (new contracts submitted to the Tallahassee MLS) grew 4% from February to March, and just under 1% growth year over year [...]
Do you want to know how foreclosures have impacted property values? Well, let’s take a stroll down memory lane. I have been in the real estate business since 1991, so here is what I would have said to a question about how foreclosures have impacted property values.
There is a hidden gem of a neighborhood in downtown Tallahassee called Camelot Park, and it is demonstrating a split market trend that we should expect to see in many other places in our housing market. Jacqueline Kennedy Onassis once exclaimed “there’ll never be another Camelot again,” but it appears these words were premature. Camelot [...]
Both the real and relative supply of homes for sale in Tallahassee are experiencing the normal rise that occurs at the beginning of the spring each year. The 2,065 homes listed for sale in the Tallahassee MLS represent 11.3 months of supply, which represents a rise from the 1,988 (and 10.9 months of supply) that [...]
Home sales in Piney Z are showing a trend that I do not think has been identified anywhere else in the Tallahassee real estate market. Though I continue to study and review each of the major neighborhoods in Tallahassee, it is rare that I find one performing completely different than the others. But Piney Z [...]
A hugely popular Northeast Tallahassee neighborhood in the 32309 zip code is Killearn Acres. It can often be said, as goes Killearn Acres, so too goes the Tallahassee real estate market. This is especially true today. Currently, there are 23 homes for sale in Killearn Acres, and buyers will be pleasantly greeted by 2002 home [...]
Killearn Estates Home Values have been on a steady decline since 2006, and there is nothing occurring in the local economy or housing market to indicate a change in this trend. Home sellers who listened to good advice got their home sold in the past few years, while those that did not remain on the [...]
