New lis pendens filings in Tallahassee fell 52% in October when compared to October 2012, and foreclosures also fell 52%.
The continuing decline in new lis pendens filings is exciting, as we continue to seek lower levels in order to progress in the resolution of distressed properties.
The blue line in the graph below shows that nearly 90% of all filings are ending up in foreclosure sale, indicating falling success with short sales due to the speed of approval of the bank.
Tallahassee Foreclosures Filings October 31, 2013: This is a list of properties that received a lis pendens filing in Tallahassee, for the week ending 10/31/2013. Most of the properties on this list will eventually show up in our market as short sales or as a foreclosure sale at the Leon County Court House.
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We have published numerous posts and reports to show the improving conditions in the housing market, including the fact that home sales by Tallahassee Realtors are up 31.5% in the past 365 days.
But what does that really mean? What is the impact on people who need to sell a home? How about people who want to buy a home? Well, let's take a closer look.
Tallahassee Realtors Produce 31.5% More Home Sales
The reason that we are specifically identifying the source of the information in this report is because...
As time nears for me to publish the 2014 real estate forecast, I have been studying all of the charts and graphs that we maintain on the Tallahassee housing market.
For our newer readers, this will be my sixth annual real estate forecast (and I encourage you to go back to past forecasts to see how close they were). I have been fairly accurate over the past few years, but there are some concerns I have for my outlook for 2014.
Before you continue ... Do you have any thoughts on where you see home sales going next year?
Housing Report Tallahassee Florida
Before we can jump forward to estimate future movements in the Tallahassee real estate market, we should first get a fix on...
Recently a reader asked me "is there a best time of year to sell my house?"
First of all, I love receiving questions from readers. It is what keeps the Tallahassee Real Estate Blog fresh and focused on what really matters in the housing market.
So today I am going to provide a "time of year" answer that is reinforced with data from the Tallahassee real estate market.
When Should I Sell My House?
I get this question...
There are great home values to be found in the top Tallahassee neighborhoods, you just have to know where to look.
The housing market recovery is underway, but its application is not consistently applied throughout the Tallahassee real estate market, where housing supply and demand fluctuates greatly due to home building trends of the past ten years.
Prudent homebuyers will want to take a smart approach when entering the market, and if they follow their plan, they can expect to find some incredible deals.
Top Tallahassee Neighborhoods
Every so often, we like to publish a list of the most active communities in the Tallahassee real estate market.
I have been monitoring and reporting on the number of distressed homes for sale for more than seven years.
Prior to 2007, foreclosures, short sales, and bank owned properties were such an insignificant percentage of the Tallahassee real estate market that there was really no need to consider them as anything more than "noise" in our data.
But times change, so we are constantly monitoring the inventory of homes for sale that are being sold under less than ideal situations.
If you are thinking about selling a home or buying a home sometime soon, a quick study of the Tallahassee homes for sale will give you an idea of the supply and demand that you will likely encounter.
Just recently, I was contacted by somebody planning to move to Tallahassee who wanted to know what she should do prior to her first meeting with our company, and I immediately recommended that she log into our property search tool to check out what she should expect to find among the great listings here in North Florida.
Knowledge of the inventory gives you an advantage in the Tallahassee real estate market, you just have to know how to apply it.
View Tallahassee Homes For Sale Online...
Most people wanting to buy a home start off with no direct plan or method, but having a Realtor's insight into houses for sale in Tallahassee, Florida gives me an advantage in the market that I want to share with our readers.
The key word in the first sentence is "plan," and if you take a little extra time to get organized, your great home buying experience in the Tallahassee real estate market can be both fun and profitable. Think about it ... isn't worth a little extra organizational time to make sure you save thousands of dollars on your next home purchase?
The Best Houses For Sale In Tallahassee, Florida