There were 422 Lis Pendens filed in Tallahassee, Florida during the first quarter of 2012 (up 86% from the previous quarter and up 99% from the same quarter last year) and they are listed below, sorted by Tallahassee Subdivision.
Tallahassee Foreclosures First Quarter 2012
New lis pendens filings in Tallahassee rose a whopping 118% in March when compared to March 2011, and foreclosures jumped 61%. We are definitely seeing a huge escalation in these distressed properties, as the lis pendens filings trend has been on the rise for five months now, which could be the sign of growth in future foreclosure sales. Currently, the foreclosure sale to Lis Pendens filings ratio has dropped from an all time high eight months ago to 43%, as we can see with the blue line in the foreclosure graph above.
Killearn Estates Home Values have been on a steady decline since 2006, and there is nothing occurring in the local economy or housing market to indicate a change in this trend. Home sellers who listened to good advice got their home sold in the past few years, while those that did not remain on the market and hoping for values that will not come.
Currently, there are 54 homes for sale in Killearn Estates in the Tallahassee MLS, with the lowest priced at $84,900 and the highest asking $470,000.
Additionally, many more are waiting in the wings for news of a ...
What can I say, but it's that time of the month again, time for us to review the Pending Home Sales Index from the National Association of REALTORS®.
Historically, this housing report has been a measurement compiled by NAR and then used to proclaim the housing market "stronger than ever," but I suspect the public might be on to the cheer leading efforts...
As I write this article about the home sellers property disclosure, I want to start with an apology for the continual omission of the apostrophe that you will observe when I write "seller's" and "sellers.' "
The funny thing about all of the different browsers on the internet is that many of them cannot handle that apostrophe ... so again my apology to our English language...
If you go to sell your home today and find buyers will pay you less than they would have last year, would you say real estate values are rising or falling?
If you go to buy a home, and your lender says you can afford to buy a more expensive home due to falling interest rates, does this mean you'll be willing to give a seller more than his home is worth?
I mean, just because you can spend more does not mean that you'll just pay more money for the same house,...
My research for a client has provided some interesting information about million dollar homes in Tallahassee.
Long time readers of the Tallahassee Real Estate Blog know that we monitor supply and demand at all price points, so I was not expecting any great surprises when I put million dollar homes in Tallahassee under the microscope.
While nothing was shocking, the information was truly enlightening. If you plan on buying and thus viewing million dollar homes in Tallahassee, expect to travel in a small and declining crowd.
Million Dollar Homes in Tallahassee
If you read yesterday's article about the 7 Hottest Neighborhoods In Tallahassee, then you know that Bull Run Home Buyers are very active right now.
In fact, they are buying homes fast enough to propel Bull Run into the most active position among all Tallahassee neighborhoods.
I identified an important trend among Bull Run home buyers last November, and we find that trend has strengthened in the first quarter of 2012. And what trend might that be (for those of you who missed the previous article)?
If you want to know which neighborhoods in Tallahassee are selling the most homes, than you have found the right page on the Tallahassee Real Estate Website!
While we already have two incredible resource sites for subdivisions and neighborhoods in Tallahassee, this report will show you which ones are hot through February 2012.
After sorting through the 1,600+ subdivisions and neighborhoods in Tallahassee, we found these 7 have sold more homes than all the rest. And just to make it interesting, we have provided a graph of total home sales, by neighborhood, each year through February.
This means that the following graph shows year-to-date 2012 versus year-to-date (all the way back to 2002). It helps create some perspective....