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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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We like to track as much of the Tallahassee residential real estate market as we can at the Tallahassee Real Estate Blog. We know that vigilance in our observance will generate insight that will guide us in the future movement of the housing market in Tallahassee.
As we were preparing our monthly real estate graphs (for [...]
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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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