We often find that Tallahassee is similar to other housing markets, and occasionally we find interesting blog articles written by top REALTORS® in these markets. The following is copied by permission from Tre Pryor of the Louisville Homes Blog, and speaks of new construction trends that are very much like those in Tallahassee.
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REALTORS® Find New Homes Getting Smaller
We often find that Tallahassee is similar to other housing markets, and occasionally we find interesting blog articles written by top REALTORS® in these markets. The following is copied by permission from Tre Pryor of the Louisville Homes Blog, and speaks of new construction trends that are very much like those in Tallahassee.
Keep Reading...Steal A Deal And Enjoy Serene Lake Tallavana
The three bedroom, two bath property located at 1821 Tallavana Trail is nestled among tall, shady trees on the shore of beautiful Lake Tallavana.
The lake can be viewed from a variety of locations. There is both a screened in room and an open deck extending from the house. A long elevated wooden walkway leads from [...]
Congratulations Tallahassee Realtor, Andrea Chapman!
Congratulations to Tallahassee Realtor Andrea Chapman. She is CENTURY 21 First Realty’s newest inductee to the Tallahassee Board of REALTORS®. On February 23rd, she was pinned and received her certificate of completion, along with the official designation of REALTOR®.
Prior to being pinned as Tallahassee’s newest real estate agent, Andrea has started off 2010 with a bang! She has been working [...]
Menza Krause Gets A Perfect 10
Tallahassee Realtor Menza Krause scored 10 perfect 10s on a CENTURY 21 Quality Service Survey completed by her delighted clients. This third party survey is sent directly to Century 21 clients after closing on a home. The survey asks clients to evaluate their agent and their office on a scale of zero to 10.
Menza’s clients [...]
Upgrades and Horses and Acreage, Oh My!
Tallahassee’s Real Estate Marketing Professional, Bill Peck brings you another Custom Built home in Tallahassee, Florida. Located at 138 Brandy Lane and situated on 3 acres, this home is nearly new built in 2008. All brick construction with custom features including solid cherry cabinets, granite counter tops, ceramic tile back splashes, stainless GE Proflile & Bosch [...]
Keep Reading...Best Buy in NW Tallahassee
Tallahassee Real Estate Expert, Eva Armstrong lists another best buy in the Northwest sector of Tallahassee. Aggresively priced at $175,999, this property located at 913 Barrie Avenue features 3 bedrooms, 2.5 baths, over 2,000 sq ft, a fenced back yard, sunroom, wood burning fireplace and your very own basket ball court! That’s only $88.00 per [...]
Keep Reading...Lakefront in Killearn Estates
Tallahassee Realtor Menza Krause features a great home at 4724 Tory Sound. Located in the desirable subdivision of Killearn Estates, this home sits on the lake. The established neighborhood and great schools make this an ideal neighborhood for families or retirees.
This solid home built in 1977 has been well-cared for by it’s one owner. Priced for a [...]
Trash the Trash Before Closing
In this challenging (and we hope never again!) real estate market, we are seeing more and more properties listed for sale “as is.” Some of these “as is” properties are in good shape, clean and ready for occupancy, and some are quite the opposite. Recently, I was preparing for closing on a contract for an [...]
Keep Reading...Great Pool Home in Northwest Tallahassee
Tallahassee Realtor Menza Krause has a great home for sale in the Holly Hills neighborhood in Northwest Tallahassee. This traditional, established area is well-located and biking distance from Florida State University. This ideal location is great for college and university professors – with or without families.
One of the many features of this home is that [...]
CONDOMINIUM FINANCING IN FLORIDA
Although it is not exactly impossible to obtain financing for a condominium in Florida, it has become very, very difficult.
Let’s say you are a student, parent of a student, young professional or retiree who has found the perfect place to live – a condominium with no yard to maintain, nice amenities, on a bus route [...]
New Homes are getting smaller, of course you know that if you are monitoring our new construction trends at the Tallahassee Housing Report. But we are not alone in Tallahassee, and today we brought a market snapshot from Louisville, KY to share a common finding:
We often find that Tallahassee is similar to other housing markets, and occasionally we find interesting blog articles written by top REALTORS® in these markets. The following is copied by permission from Tre Pryor of the Louisville Homes Blog, and speaks of new construction trends that are very much like those in Tallahassee.
Louisville follows the same real estate trends as other cities in our nation, only to a much lesser degree. But like I posted earlier this month, Louisville hasn’t seen a drop in home values since before 1978. That changed in 2008 and 2009.
How does the market respond? For the most part, the same as the rest of the country. For starters, new homes are designed smaller. Here’s a snippet from Home Sizes Fall as Builders, Buyers Embrace Economic Reality.
Data recently released by the National Association of Home Builders (NAHB) found the average size of a new home that was completed in 2009 fell to 2,480 square feet from 2,520 square feet in 2008. The last time the average completed-home size fell by a statistically significant amount was 1982.
I can attest to this personally, as my clients that are looking to build are more interested in a smaller house footprint but want the home built with more energy-efficient, green technology.
The other response to a housing downturn is that more homeowners put off moving to a new home and instead focus on remodeling their existing home.
The most popular projects in the past–remodeling the kitchen and bathrooms–have decreased in popularity, as adding a bathroom has taken the honors of the most popular project. This makes sense since, for many homeowners, updating an existing room can be put off because it is often seen as a “luxury,” while for many, the addition of a bathroom is a necessity due to changes in the needs of the family.
Just ask any Louisville home builder how many of their projects are remodels vs. new builds.
As the Louisville market rebounds, this phenomenon will decrease. From the lyrics of a hit 80’s song, “He knows changes aren’t permanent, but change is.”
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