Comments on: Understanding Real Estate Trends Is No Bull http://www.manausa.com/understanding-real-estate-trends/ All About Tallahassee Housing Tue, 09 Mar 2010 14:07:37 -0500 http://wordpress.org/?v=2.9.2 hourly 1 By: Joe Manausa, MBA http://www.manausa.com/understanding-real-estate-trends/comment-page-1/#comment-26284 Joe Manausa, MBA Thu, 22 Oct 2009 10:34:31 +0000 http://www.manausa.com/?p=6554#comment-26284 Hey Paul, thanks for visiting and commenting. I think your observations are very insightful. Yes, were I doing a valuation on a specific home in Bull Run, I would segment the community. The purpose of this blog is to provide overall market information; it takes too much work for one person to do this and single-home specific. On the other hand, if I owned a home in Bull Run, I would understand that <strong>ALL</strong> sections of Bull Run have an impact on the value of my home. Just because the developer and/or builders started changing the standard does not mean that a home is immune to surrounding activity. Buyers are looking for value right now. They will pass up a few bells and whistles to get more square feet and lower sales price. Hey Paul, thanks for visiting and commenting.

I think your observations are very insightful. Yes, were I doing a valuation on a specific home in Bull Run, I would segment the community. The purpose of this blog is to provide overall market information; it takes too much work for one person to do this and single-home specific.

On the other hand, if I owned a home in Bull Run, I would understand that ALL
sections of Bull Run have an impact on the value of my home. Just because the developer and/or builders started changing the standard does not mean that a home is immune to surrounding activity.

Buyers are looking for value right now. They will pass up a few bells and whistles to get more square feet and lower sales price.

]]> By: Posts about Real Estate Market Reports as of October 21, 2009 — Real Estate Market Reports http://www.manausa.com/understanding-real-estate-trends/comment-page-1/#comment-26208 Posts about Real Estate Market Reports as of October 21, 2009 — Real Estate Market Reports Wed, 21 Oct 2009 17:17:33 +0000 http://www.manausa.com/?p=6554#comment-26208 [...] steep decline but nothing like the oblivion widely predicted for the investment bank a year ago. Understanding Real Estate Trends Is No Bull – www.manausa.com 10/21/2009 I f you haven’t taken part in our real estate web site [...] [...] steep decline but nothing like the oblivion widely predicted for the investment bank a year ago. Understanding Real Estate Trends Is No Bull – http://www.manausa.com 10/21/2009 I f you haven’t taken part in our real estate web site [...]

]]> By: Paul http://www.manausa.com/understanding-real-estate-trends/comment-page-1/#comment-26198 Paul Wed, 21 Oct 2009 16:02:20 +0000 http://www.manausa.com/?p=6554#comment-26198 Joe, Interesting data on Bull Run. I do think that the data needs a bit more context, in that there are several distinct areas in Bull Run (custom/higher end/moderate)--in particular, there are two distinct areas near Kerry Forest Parkway. The area southwest of Kerry Forest Parkway (principally represented by sales on Manassas Way and Halleck Ln) is composed of homes and lots that appear to be roughly 20% smaller relative to the homes north of Kerry Forest Parkway. The features/finishes appear to be not as substantial as those northeast of the parkway, and the homes are marketed as rentals and lease-to-own, in addition to outright sales. Not surprisingly, these homes are generally (though not always, apparently) priced substantially less. This reminds me somewhat of the distinct areas in Piney-Z and Southwood. Do you see sales on Manassas Way/Halleck Ln significantly affecting prices in other parts of the subdivision? How has this played out in areas like Piney-Z and Southwood--i.e., can a subdivision maintain distinct pricing structures or do prices tend to regress to the mean? Joe,

Interesting data on Bull Run. I do think that the data needs a bit more context, in that there are several distinct areas in Bull Run (custom/higher end/moderate)–in particular, there are two distinct areas near Kerry Forest Parkway. The area southwest of Kerry Forest Parkway (principally represented by sales on Manassas Way and Halleck Ln) is composed of homes and lots that appear to be roughly 20% smaller relative to the homes north of Kerry Forest Parkway. The features/finishes appear to be not as substantial as those northeast of the parkway, and the homes are marketed as rentals and lease-to-own, in addition to outright sales. Not surprisingly, these homes are generally (though not always, apparently) priced substantially less. This reminds me somewhat of the distinct areas in Piney-Z and Southwood. Do you see sales on Manassas Way/Halleck Ln significantly affecting prices in other parts of the subdivision? How has this played out in areas like Piney-Z and Southwood–i.e., can a subdivision maintain distinct pricing structures or do prices tend to regress to the mean?

]]> By: Joe Manausa, MBA http://www.manausa.com/understanding-real-estate-trends/comment-page-1/#comment-26285 Joe Manausa, MBA Wed, 21 Oct 2009 15:36:51 +0000 http://www.manausa.com/?p=6554#comment-26285 I hope you're right David. We'll have to see what the post-November market does. Remember, the government "stimulated" the market with the First Time Homebuyer's Tax Credit, so we should anticipate this part of the market was most affected. Hopefully the momentum will carry forward. I hope you’re right David. We’ll have to see what the post-November market does. Remember, the government “stimulated” the market with the First Time Homebuyer’s Tax Credit, so we should anticipate this part of the market was most affected. Hopefully the momentum will carry forward.

]]> By: David Taylor http://www.manausa.com/understanding-real-estate-trends/comment-page-1/#comment-26195 David Taylor Wed, 21 Oct 2009 15:15:57 +0000 http://www.manausa.com/?p=6554#comment-26195 As an investor in SE Florida I see the bottom is in for the basic 3/1 1100 sq ft house and in fact they have risen about 20% since March as the 1st time buyers and investors are now putting in multiple bids. But in the newer higher end subdivisions the prices are still dropping but not for long as they are below replacement value at $100/sq.ft. I also see many foreign buyers with their strong currency's buying up bargain properties. Soon we will have an influx of baby boomers buying their dream retirement homes before they jump in price. As an investor in SE Florida I see the bottom is in for the basic 3/1 1100 sq ft house and in fact they have risen about 20% since March as the 1st time buyers and investors are now putting in multiple bids. But in the newer higher end subdivisions the prices are still dropping but not for long as they are below replacement value at $100/sq.ft. I also see many foreign buyers with their strong currency’s buying up bargain properties. Soon we will have an influx of baby boomers buying their dream retirement homes before they jump in price.

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