A friend of mine was curious about the Tallahassee mobile home market. He wanted to know how much of an impact it was having on the overall Tallahassee real estate market.
I went to the tax data base and pulled all Leon County residential unit sales and first sorted it by unit type and by price range. The following graph shows that the mobile homes are very active below $150,000 (red color).
In order to best see it's impact on the market, I felt a simple part chart would tell the tale. Each piece of the pie chart below has two numbers in this format XXX, Y%. X stands for the number of units sold, where Y stands for the percent of the entire market. In the chart below, the red pie piece shows 447 mobile home sales were recorded, representing 9% of the entire Tallahassee Real Estate Market.
Finally, we can take a look at the past 17 years of tax records and we find that the mobile home sales are increasing at a fairly substantial rate. The chart below shows, for each year, the number of sales of mobile home units in Leon County (numbers on right scale), the percentage of the residential market that mobile homes consume (left scale), as well as the unit sales trend (green line, right scale).
As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible.
Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.
If you like this Article then please subscribe to my blog through a full RSS feed. You will be able to stay informed about the happenings in the Tallahassee Real Estate Market. You can also subscribe to this blog and have it delivered by Email.
Joe Manausa is a real estate investor and the Broker and Co-Owner of Joe Manausa Real Estate. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.