Search Listings

Condo and Townhouse Construction Trends March 4, 2010

We are finally starting to see some volatility in the housing market when looking at condominiums and townhouse construction. The average price of a newly built condo and townhouse has dropped over $100,000, but the monthly unit sales have doubled. I believe the trend in prices is due to a slow-down of condo sales in downtown Tallahassee, while the increase in sales has been heavily influenced by the home buyer tax credit.

Condo and Townhouse Real Estate Graph

There are plenty of options for new condos and new townhouses in Tallahassee, so interested buyers should make a complete search of the Tallahassee MLS as well as consult with a knowledgable REALTOR about all of the opportunities that have not yet hit the known inventory of condos and townhouses in Tallahassee.

We should expect to see a surge of new condo and townhouse sales as the home buyer tax credit crawls to a conclusion at the end of April. Remember, under this credit program, a buyer needs to have a condo or townhome (or single family home) under contract no later than April 30th, 2010, and must close on the property no later than June 30, 2010. Rumors coming from Wall Street indicate that this program WILL NOT BE EXTENDED after this one expires.

Great Tallahassee Real Estate Resources

Do you want to know more about the Tallahassee real estate market? It is not as hard as you might think keeping up with the movements in the housing market, you just have to know where to look. The following are some of the best resources that you can find on Tallahassee real estate:

Post a Comment

Blog Navigation

Posts By Category

All Categories Advice: Real Estate (495) Blogging Real Estate (187) Distressed Property (32) Foreclosures (4) Glossary of Real Estate Terms (33) Government and Real Estate (31) Homes For Sale (156) Housing Market Conditions (1265) Housing Report (54) Lis Pendens (4) Main (1018) Mortgage / Finance (74) New Construction (19) Off Topic (87) Our Listings (3) Our Sales (7) Real Estate Market Snapshot (26) Real Estate Opinion (3) REALTOR News (11) Tallahassee (90) Tallahassee Neighborhoods (629) Uncategorized (50)

Posts By Month

Blog Roll

Luxury Homes For Sale New Construction Homes For Sale Homes For Sale With Swimming Pools Homes For Sale On Acreage Homes For Sale In Golden Eagle Plantation Homes For Sale In Killearn Lakes Plantation Homes For Sale In Killearn Estates Homes For Sale In Southwood Homes For Sale In Killearn Acres Homes For Sale In Summerbrooke Homes For Sale In Piney Z Homes For Sale In Bull Run Homes For Sale In Betton Homes For Sale In The Ox Bottom Area

Tag Cloud

Grab Our RSS Feed

Tallahassee Home Searches

Contact Us

Joe Manausa Real Estate
1934 Dellwood Drive
Tallahassee, FL 32303
(850) 366-8917