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Recently, a long-time reader from out of State (Robert) contacted me to ask for help. Robert had purchased a residential lot in Tallahassee with the intent of relocating to Tallahassee and building a home. With the turn of the economy, Robert believes that he might not be able to move here for another 3 to [...]
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We have been tracking recorded lot sales in Leon County, Florida since the beginning of 1991. For quite some time, average lot prices in Tallahassee did not move around very much, but the glut of lots that was the result of the Comprehensive Land Use Plan in the 1980′s was consumed by 2000, and land prices took off.
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Residential lot sales in Tallahassee have mirrored the rest of the residential real estate market. Unit sales are down off their highs and prices have fallen. Since January of 1991, Tallahassee has averaged over 180 residential lot sales per month, but the current trend is down near 50 per month.
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The data is in for the month of July and we have analyzed, scrutinized, charterized, and grapherized it and placed in The Market Bulletin on the Tallahassee Real Estate Web Site. If you have not done so yet, subscribe to this blog so that you can always be on top of what is going on [...]
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Tallahassee Real Estate market data is in for April. The month of April saw a continuation of the depressed market in Tallahassee. Unit sales were very low for April (which is normally a very good month) in the Tallahassee real estate market. Below are 12 different charts which through the link below them will demonstrate different aspects of [...]
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I continue to monitor inventory in the Tallahassee Board of Realtors Multiple Listing Service (MLS) and what I see is a continued increase of “months of supply” of homes. It’s not that the inventory is actually rising, it is the drop of home sales that is causing this.In every real estate market, there are basically [...]
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With all the major real estate reporting centers claiming that the Tallahassee real estate market is seeing appreciation, I felt it might be a good time to explain the difference between higher spending and appreciation.As we look at this first graph, we can see that the average home price in Tallahassee appears to be higher [...]
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Every once in a while, we have a Tallahassee real estate sale that demonstrates the amazing power of the combination of the global reach of Century 21 with the local effort of great people. Here is a classic example of this.I received a late-night call from a U.S. Veteran working in Baghdad. He had received [...]
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