New lis pendens filings in Tallahassee fell 24% in February when compared to February 2013, and foreclosures rose 13%.
The continuing decline in new lis pendens filings is exciting, and the continued rise in foreclosures looks to be a stronger move by banks to resolve the lingering non-performing loans.
The blue line in the graph below shows that nearly 116% of all filings are ending up in foreclosure sale, indicating that foreclosure sales have exceeded new lis pendens filings and that the future rate of foreclosures will eventually be on the decline.
Tallahassee Foreclosures Filings January 2014
This is a list of properties that received a lis pendens filing in Tallahassee, for the week ending 2/28/2014. 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.
|ADAMS PLACE CONDOMINIUMS
||3000 S ADAMS ST
We often like to look at home values by zip code in order to see if one area of the Tallahassee real estate market is performing contrary to the others, and today we will show you that this is indeed the case.
After a strong 2013 when all six of the most active zip codes in Tallahassee posted gains in home values (real estate appreciation), 2014 has started off with an explosion in values for two of them, and a decline in one.
That's right, a major zip code in Tallahassee is reporting a decline in home values for the first two months of 2014, and we didn't see it coming!
Home Values By Zip Code
I'm like a kid in the candy store, looking at all the new listings in the Tallahassee real estate market.
Sure, homes will always be coming onto the market here in North Florida, but this year is more exciting than we've had in a long, long time.
Why? Because of our new property search tool, that's why!
Making An Investment
Last April, I determined that our (old) map-based home search needed...
There was an article recently reported in the Washington Post titled "West Point is placing too much emphasis on football" which has many of us "old grads" up in arms about the importance of sports within the framework of the mission of the United States Military Academy.
The article was written by a West Point graduate and current history instructor at the academy. In a nutshell, the headline says it all regarding his position ... sports and winning are not mission critical at West Point.
This article is a bit off-topic for the Tallahassee Real Estate Blog, though in the end you will...
Every year in mid to late February, we see an increase in the number of houses for sale in Tallahassee, FL.
We can speculate on the "why they do it," but the numbers do not lie as the annual number of property listings in Tallahassee typically grows from this point on through the month of June.
This year has the potential for a double-whammy too, where not only will we see a seasonal surge, but we might also see some sellers who have been awaiting a renewal in home values emerge from the shadows.
More Houses For Sale In Tallahassee FL
Our first real estate graph shows that the number of ...
We get thousands of people coming to the Tallahassee Real Estate Website every day, but most visitors are only scratching the surface in terms of what we have to offer.
While many come to use our top rated property search tool or read an article about real estate in Tallahassee, just as many are not aware of the tools and resources that are available and just waiting to be used.
Today we'll identify the fastest ways to navigate the Tallahassee Real Estate Website, and hopefully expose a few benefits that will provide a better user experience.
Tallahassee Real Estate Website Offerings
If you look at the animated gif file below, you will see the mouse demonstrate...
This is a list of properties that received a lis pendens filing in Tallahassee, for the week ending 2/21/2014. 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.
||2901 PONTIAC DR
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You might wonder why the Tallahassee Real Estate Blog is welcoming Elmira Mangum (FAMU's 11th President) to town, when we normally focus on topics relating to the housing market.
But long-time readers might remember that higher education in Florida is a favorite "off topic" subject of mine, as I have always felt it could be a great driver of Florida's economic recovery.
FAMU plays its own special role in the health and vitality of the housing market, and that is why the leadership of the school is so important to the entire Tallahassee community.
Dr. Elmira Mangum Confirmed As 11th President Of FAMU