Search Listings

Distress Home Sales Growing

If you had a chance to see a recent Tallahassee Real Estate Blog, Distress Home Sales Dominating Market, then you know that roughly 1 in 3 homes sold this year have been distress home sales.

Historically, less than 2% of homes that sell are typically distress homes, so you can be sure that our current level is far from typical. Some markets around the country are experiencing levels in excess of 75%, and I believe Tallahassee is heading in that direction. If you look back, a recent blog  post that we did covered our forecast for the next 3 to 5 years.

Defining Distress Sales

Since this term is showing up so often in our reports (and other national reports), I figured it might be good to demonstrate the current break-down of distress home sales in Tallahassee.

Graph of Distress Property Sales Itemization

The graph above shows that lease-purchase sales have been the top solution for distress properties, but foreclosures and short sales are growing every single day. We can expect these two categories to continue to consume much of the distress property “pie.”

Post a Comment

Blog Navigation

Posts By Category

All Categories Advice: Real Estate (494) Blogging Real Estate (187) Distressed Property (32) Foreclosures (4) Glossary of Real Estate Terms (32) Government and Real Estate (31) Homes For Sale (152) Housing Market Conditions (1258) 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 (609) 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