New lis pendens filings in Tallahassee rose 11% in January when compared to January 2012, and foreclosures fell 36%.
The rise in new lis pendens filings is a concern, as we had three straight months of declines and were hoping the market was finally seeing progress in the resolution of distressed properties.
The blue line in the graph below shows that 1/2 of all filings are ending up in foreclosure sale, indicating that they are likely being sold as short sales with the approval of the bank.
Tallahassee Foreclosures Filings January 2013
Yesterday's article Mixed Trends For Real Estate In Tallahassee (regarding conflicting reports from the Tallahassee MLS) generated some good feedback from readers that I believe warrants a continuation article.
The questions and comments all focused on the conclusion regarding the causation of the declining pending home sales in Tallahassee, even as the number of closed home sales in the Tallahassee MLS is rising from the market bottom.
Homes Under Contract In The Tallahassee MLS
Long time reader "DA" has a few ideas about the cause of the decline of...
Ask anybody who sells real estate in Tallahassee how the market is doing and they will tell you it is hot!
As anecdotal evidence that our housing market is on fire, Joe Manausa Real Estate has added two new associates in the past 30 days, and our sales thus far in January exceeds our production from January and February of last year combined.
But as exciting as these results are to experience, I still keep tracking multiple trends for real estate in Tallahassee in order to provide the best guidance possible. Currently, we are seeing some conflicting trends.
It seems to me that most home owners put very little effort into research before they first list a home for sale.
They put a lot of thought into WHY they want to move, and they put a lot of thought into WHERE they want to move, but I am amazed at the lack of research home sellers perform before they decide WHO they want to hire to help them move.
More than 60% of people who list a home for sale (for the first time) end up failing to sell their home, so they find themselves in a frustratingly difficult situation that could have been avoided.
Last week I announced that the Tallahassee Real Estate Website was being overhauled, and one of my first objectives in this process was to determine the most popular real estate blog posts.
I scoured my different analytics applications and have selected the ten most popular pages on our real estate blog in 2012, based upon unique visits to each page.
The most active page was not a big surprise, as many people use our Tallahassee Property Search Tool, but some of the other pages were not ones that I would have guessed.
Popular Real Estate Blog Pages
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