The following table demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of November 4, 2014
Town N Country Park home prices have fallen since last year, due to the fact that five of the past eight homes sold have been distressed
Observation Pointe home prices have risen slightly due to the fact that the majority of sales in 2014 have been new construction
The average home sales price is $572,600 for Bobbin Brook, Bobbin Trace, and Bobbin Mills Woods thus far in 2014, and only 3 homes have sold
The average recorded sales price is $186,000 for Shannon Forest thus far in 2014, and you should expect it to be above $200,000 in 2015
Waverly Hills home prices have fallen, making this a very affordable mid-town location for buyers looking to spend $200,000 to $300,000
Through mid October, the average value of a home sold in Royal Oaks this year has been an absolute steal at $99 per square foot
The number of home sales in Tallahassee is on the rise, but we are still far below the levels experienced in the 1990s, let alone in 2006
Meadowbrook Home prices rebounded strongly this year, and have reached a five year high. The average sales price is $177,900 thus far in 2014
Single family permits and sales of new homes in Tallahassee help to identify a trend in the accumulation or reduction in the supply of homes for sale
Prices, values, and sizes of homes in Summerbrooke, as well as current listings in the Tallahassee MLS and closed home sales going back to 2002
Year over year home sales shot up 33% in September when compared to the same month one year ago, a 3% rise for year to date home sales
Located in downtown Tallahassee, Camelot Park offers in town living at affordable prices, currently average below $150,000 & $95 per SQFT
Every time 3 homes are sold, one begins a foreclosure process. This is not a healthy number of new lis pendens filings and indicates trouble
Existing homes cost less than what you would spend to replace them, but that is not the primary reason you need to buy a home today
The following table demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of October 5, 2014
Through September, there have been 169 homes larger than 3,000 square feet that have sold and closed in the Tallahassee real estate market.
This is a good example of why we do not directly correlate the movement of median or average home sale prices with real estate appreciation
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