Just a quick note to say that the Tallahassee Real Estate Blog is back up and running. We have had some technical issues that occurred during recent software updates and I think everything is worked out. We hope to have the daily posts start back up again tomorrow.
As Broker and Co-Owner of Joe Manausa Real Estate, a Tallahassee Real Estate Brokerage business, Joe Manausa utilizes his MBA and 19 years of Tallahassee Real Estate experience in order to help clients with large investment opportunities as well as providing guidance and support for the employees and associates of Joe Manausa Real Estate.
Joe is a Tallahassee native who graduated from Leon High School having earned First Team All-State Honors in football as well as his Eagle Scout. He was appointed to the United States Military Academy at West Point, where he earned his Bachelors degree in Computer Science and Military Science. He has since...
I love when we get questions from friends and readers that we can use as the basis of our discussion on the Tallahassee Real Estate Blog. Today, Jeff has a great question that I think a lot of homeowners will find interesting.
Jeff's parents have a house for sale in another town and they received this letter from a local real estate investor. Jeff would like my opinion on the letter, which reads:
Today's facts in the real estate market: FSBO homeowners will spend, on average, $3500 in the first 90 days of trying to sell their homes. If they later sign with a realtor, they will spend an additional $8500 by the time their home sells, if it does. On top of this, they will have about a 50% chance of selling, probably at around 90% of asking price, if they're lucky, after their home has been on the market for at least 175 days.These are not very impressive...
This blog is a quick "redo" of a blog that was lost during the crash of our site at the end of March. It's focus is on the historic numbers of Golden Eagle Plantation in Tallahassee. This is a golf course neighborhood on the northeast side of Tallahassee that we review on a quarterly basis at the Tallahassee Real Estate Blog, and today (again) is the day.
Much like the rest of the Tallahassee real estate market, Golden Eagle is finding a reduction in the number of homes selling now and prices are dropping. The following real estate graphs demonstrate how far sales have receded since the booming market in 2005.
Home Sales Slower In Golden Eagle Plantation
I was having a discussion about the state of the Tallahassee real estate market with a longtime friend yesterday. He had seen the Existing Home Sales report for both the U.S. as well as for the State of Florida.
The first thing that caught his eye was the national report, which showed that the sale of existing homes sold at a seasonally adjusted rate of 5.1%, far higher than most analysts expected.
Then, he viewed the Florida Association of REALTORS® Single Family, Existing Home Report and saw that we experienced a year-over-year growth of 20% in the number of homes sold in February of 2009 versus February of 2008.
Of course, it seems like everyone is on the mend except Tallahassee, and he wondered why. Read the rest of this entry
As the real estate market in Tallahassee and the rest of the country continues to struggle along, the use of REALTORS® is on the rise in home sales. As confidence in the overall market drops, confidence in the effectiveness of REALTORS® is rising.
The real estate graph below represents the measurement of home sales as recorded in the Tallahassee Board of REALTORS® Multiple Listing Service (MLS) compared with all of the home sales recorded in Leon County, Florida.
Tallahassee REALTOR® Activity Report