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Tallahassee Monthly Lis Pendens Filings March 2013

New lis pendens filings in Tallahassee fell 30% in March when compared to March 2012, and foreclosures rose 269%.

The decline in new lis pendens filings is a relief, and it is the second declining month in a row. But the 251 foreclosures that occurred in March is nearly equal to the number of closed home sales for that same month! We are far from the finish line in this housing market recovery.

The blue line in the graph below shows that nearly 2/3rds of all filings are ending up in foreclosure sale, possibly indicating that banks are approving fewer short sales and are willing to take the property back in order to sell it themselves.

Tallahassee Foreclosure March 2013...

Tallahassee Foreclosure Filings March 31, 2013

Tallahassee Foreclosures Filings March 31, 2013: This is a list of properties that received a lis pendens filing in Tallahassee, for the week ending 3/31/2013. 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.

Subdivision/Location Address Sqft Age Date Tax Value
AVALON 1188 OAK RIDGE RD W 1,440 1981 3/27/2013 $34,477
AZALEA PARK 1657 MAYHEW ST 920 1955 3/25/2013 $55,282
BRIAR CHASE 2827...

Fewer Short Sales In Summerbrooke Home Sales Report

I am expecting to see a rise in the number of Summerbrooke home sales this year, as values have dropped to a level that is going to attract new buyers.

Just as all Tallahassee neighborhoods have declined, Summerbrooke is dealing with values that are 33% below the levels found at the peak of the housing market, and I suspect these will be too good for buyers to pass up.

Declining Values Continue For Summerbrooke Home Sales

Summerbrooke home sales are still recording declining values and the number of sales has remained lower than historical averages.

The fact that ...

Tallahassee House Sales Show Steady Growth

Tallahassee house sales are picking up steam, and we have set a new high water mark for the first time in nearly five years.

While unit sales are still far below the level that we saw in the 1990s (the gold line in the graph on the right), we are finally seeing daily closed home sales exceed all previous levels during the real estate market recovery.

The growth in Tallahassee house sales is concrete evidence that we are finally gaining momentum in the housing market recovery.

Daily Tallahassee House Sales

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Should I Short Sale My Home?

Looking back over the past 6 years of writing the Tallahassee Real Estate Blog, one of the most often repeated questions that I receive is "Should I short sale my home?"

I have written numerous articles to address this and I even offer a free e-Book titled Should I Short Sale My Home? that has been downloaded by more than 1,500 people seeking answers to their difficult housing situations.

So today I want to share feedback from some of these past survivors who have made the tough choice to sell an upside-down home and how their life has been impacted years later.

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7 Questions You Should Ask Your Listing Agent

If you are looking for a list of questions you should ask your listing agent, then you are likely in one of two critical situations.

You are either just starting the process to determine a list of agents to interview for the job of selling your home, or you have already hired one without doing your homework and now know that you should have been more concerned.

Today's blog is an answer to the following reader question about questions you should ask your listing agent:

Are There Questions You Should Ask...

Latest Trends For Single Family Homes In Tallahassee

Most of our housing reports on the Tallahassee Real Estate Website include condominiums and townhouses, but today's report will focus solely on single family homes.

Additionally, this report will use existing home sales only, with all new construction sales from the Tallahassee MLS removed.

As we can see in the graph at the upper right, single family homes are selling as two separate markets, those that are in distress, and those that are not.

Today's report will reveal trends in the size, value, price, and unit sales of existing single family homes in Tallahassee.

Distressed Single Family...

Exciting Growth At Joe Manausa Real Estate In Tallahassee

The Joe Manausa Real Estate In Tallahassee is growing!

This Tallahassee real estate company is like a teenage boy, growing at a furious rate that is both exciting and exhausting.

The year over year production for Joe Manausa Real Estate In Tallahassee is up 112% (compared to a market that is up 28%).

With all this growth comes the need to find great people to help us deliver the level of service that our Joe Manausa Real Estate In Tallahassee is known to deliver.

Joe Manausa Real Estate In Tallahassee Wants Your Help

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