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Tallahassee Real Estate Blog

Residential Home Price Discovery In Tallahassee

I have been posting the Tallahassee real estate market charts on the Tallahassee real estate web site for the past week. In doing so, I and many readers were observing that the following chart is a bit baffling.

As we can see above, it appears that prices are rising.... yet we know inventory has risen and unit sales have fallen. What we expect to see is some downward movement on prices. I asked readers of this blog (and others) for opinions on why this was happening and really none of us had a good answer.....

UNTIL

Gooch recommended we look at price per square foot. He reasoned that maybe consumers were able to buy more expensive homes due to falling interest rates, but that maybe they were getting more house. So, this next chart is what ...

How And Why To Consider A Purchase Money Mortgage

I received so much feedback on The Creative Cure For Selling Your Home article that I decided to follow it up with a "how and why" to consider a Purchase Money Mortgage when selling your home.

So what is a Purchase Money Mortgage?

purchase money mortgageSometimes a buyer wants to buy a home and has good enough credit to purchase the home, but is short some of the cash that the lending institution will require to close the loan. In cases like this, the Seller can hold a note for some of the cash and secure it as a secondary lien on the home. When this is done, we refer to the Seller's second a Purchase Money Mortgage....

Tallahassee Real Estate - Market Analysis

Well, it is finally started. After receiving so many requests for a permanent location to find real analysis of the Tallahassee real estate market, Joe Manausa Real Estate has created the place! If you want to know more about the current trends in Tallahassee real estate, just following the link! This page will be updated on a regular basis, with weekly summaries and monthly reports that will include charts, graphs, and analysis. As this will be a work in progress, often times you will be able to check out the Tallahassee Real Estate Reports before the summaries are even written. You can also navigate your way to this site for great information on Tallahassee housing. Just go to our Tallahassee Real Estate Web Site (www.manausa.com) and click on the "Tallahassee Real Estate...

Tallahassee Real Estate Market - Inventory Moving?

Today's Tallahassee Real Estate Blog

This has to be a short one, as we have a lot going on in the office today. It is nice to see that plenty of people are still looking to buy a home in Tallahassee! And speaking of buying a home in the Tallahassee real estate market, it looks like people are doing just that. This new chart was created from the most current data from the Tallahassee Board of Realtors Multiple Listing Service. Of particular interest is the blue line and the green line. The blue line is the "pend trend" meaning the trend of new "under contract" homes. This began rising in September of last year and continues to do so. The green line represents the trend of the "consumed pendings" and historically hovers in the 70-80% range. This means that roughly 75% of contracts that are put under contract in the MLS actually make it to closing. When we see the number rise above that, we are either getting more efficient or the market is shrinking. Also, when we go above 100%, that means...

Home Construction Video - Watch A Home Being Built

This is a video of a 5000 square foot home being built from the cleared lot to the finished home. It is also my first attempt at figuring out how to use youtube in my business plan. I would love some feedback on the entire process. Duration, picture quality, music selection, etc.


Joe Manausa Real Estate is a brokerage company headquartered in Tallahassee, Florida. Its unique business model provides specialists to both home sellers and home buyers, and the results speak for themselves. JMRE has significantly more 5-star reviews on google than any other local competitor. Joe Manausa Real Estate is a leader in internet marketing and utilizes search engine optimization, email marketing, social media and data analytics...

The Creative Cure For Selling Your Home

lease-purchase optionWe are helping somebody sell a home in Tallahassee who is considering an offer from a Buyer that includes a lease-purchase provision. A lease-purchase in Tallahassee is an agreement where the Buyer and Seller agree to a sale on the home and then the Buyer rents the home from the Seller, prior to closing. The closing could happen as quickly as 1 day, or could be extended for a long period of time (even years in some cases).

So, why would a Buyer offer to do a Lease-Purchase? Why would a Seller consider accepting a Lease-Purchase?

A Lease-Purchase can be a very beneficial "win-win" opportunity for the right Seller and the right Buyer. Some of the reasons that they might conspire...

Tallahassee New Construction Permits And Sales - February 2008

More news from the Tallahassee Real Estate Market. I will be doing a good bit of research and analysis this weekend, so today with be just a quick graph from the new data. So, let's take a look at new construction in the Tallahassee real estate market. New permits and new sales data is something that I have been tracking for a very long time. We can get a feel for the near-future inventory movement by what is happening in new construction today. The following chart shows the relationships between Tallahassee new permits and new sales in single family homes in Leon County, Florida.

The red line represents new permits while the green line represents new sales. We can see that new construction starts have been dropping since January of 2006, and correspondingly, so have the sales just thereafter. This went on until March of last year, when permitting turned from the lowest level seen since...

Tallahassee Real Estate Market Report for February 2008

The February numbers are in, and it's time to take a look at the Tallahassee Real Estate Market for the Month of February. The first thing I check every month are the average prices of the major residential groups. Single-family detached homes, condominiums and town houses, residential lots, and mobile homes.

We can see that average prices are still moving higher in the Tallahassee Real Estate market. I'm not so sure why we are seeing this. This does not necessarily mean appreciation, it just could be an indication of what people are buying right now. More analysis on this is needed. The next graph is for the Gooch, who always wants to know what is up with lot sales. ...

Southwest Tallahassee Real Estate Market Report

In yesterday's blog, I analyzed the Southeast Area of the Tallahassee Real Estate Market for the purpose of demonstrating how to use the Free Monthly Tallahassee Real Estate Market Report that anyone can download from the Joe Manausa Real Estate web site. Today, we'll conduct the same analysis on the Southwest Leon County real estate market. The picture below represents the Southwest Section of Leon County. The price ranges are featured on the left, and then 9 columns of data fall to the right of each price range. Those 9 columns are actually three sets of three columns. The first set of three are homes for sale in Southwest Tallahassee (All, New Construction, Resales), the second set of three columns are homes that sold in Southwest Tallahassee in the past twelve months, and the final column displays the amount of homes for sale in Southwest Tallahassee (measured in ‘months’ of supply). Based upon what the above numbers...

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