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Tallahassee Real Estate Blog

Tallahassee Monthly Lis Pendens Filings April 2012

New lis pendens filings in Tallahassee rose a whopping 158% in April when compared to April 2011, and foreclosures jumped 112%. We are definitely seeing a huge escalation in these distressed properties, as the lis pendens filings trend has been on the rise for seven months now, which I believe is evidence of growth in future foreclosure sales. Currently, the foreclosure sale to Lis Pendens filings ratio has dropped from an all time high nine months ago to 42%, as we can see with the blue line in the foreclosure graph above.

Foreclosures and Lis Pendens Filings Tallahassee Florida

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Tallahassee Foreclosure Filings April 30, 2012

Tallahassee Foreclosures Filings April 30, 2012

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Subdivision/Location Address Sqft Age Date Tax Value
ADAMS PLACE CONDOMINIUMS 3000 S ADAMS ST 1,264 2006 4/23/2012 $54,352
BARFIELD PROPERTY 3149 LAKE COTTAGE CT 1,553 2005 4/24/2012 $131,393
BELLE VUE MANOR 312 MAYO ST 1,225 1951 4/30/2012 $117,198
BLOUNTS CAMP 24264 LANIER ST 1,170 1965 4/23/2012 $181,159

The Metamorphosis Of The Tallahassee Real Estate Website

I have received a lot of questions and feedback about this real estate website over the years, and people have been asking me for an update on what we are doing to continually grow our traffic and business.

Years ago, I wrote "Thesis Makes The Best Real Estate Web Site" in order to explain the tools and systems that we use on our Tallahassee Real Estate website, but today I am excited to announce the first major modification we have undertaken since December 2009.

Real Estate Website Speed

Several months ago,  I announced our intention of doing a complete site overhaul when Thesis 2.0 is released. Our site is built on the ...

Understanding The Short Sale Contract Process

short sale contract processWhether it be written in real estate blogs or practiced in our daily operation of a real estate brokerage business, I often see confusion and misunderstanding of the short sale contract process.

This confusion is not limited to homebuyers and homesellers, in fact, it most often is evidenced in the correspondences that I read from real estate agents to our short sale department.

In an effort to ...

Finding The Best Asking Price For Your Home

Ok, if you have been here before, then you know I love reader questions, especially when they relate to selling a home or even determining the best asking price for your home.

Recently, a reader in Michigan dropped me a note to get my thoughts on solving a home selling problem.

Meredith wrote:

We live in a three bedroom two an a half bath house in Michigan. We would like to sell our house to move into a bigger house in a better school district. The realtor feels he could sell it in less than...

What Does It Cost To Build A Home In Tallahassee

How Long Is A Piece Of String?Over the past several months, I have had buyers ask me "what does it cost to build a home?"

I have to think every home builder who has ever built a single home for sale cringes at the thought of a real estate agent answering the question of what does it cost to build a home, but I think I have an answer that even builders will tolerate.

As my Dad the architect always...

Distressed Property Sales Are Taking Over The Housing Market

Distressed Property Sales Tallahassee FloridaIn October of 2009, I warned about a tidal wave of distressed property sales coming our way, and it now appears as if they have arrived.

Thus far in April, 42% of all residential closings were distressed property sales, and the one year average is at 33%. Simply put, one in every three homes sold in Tallahassee over the past year has been a ...

Eastgate Shows Diverse Range Of Homeowner Market Awareness

Stay or go in real estateEastgate is a very popular NE Tallahassee Neighborhood with homes that sell just below the median home price point in Tallahassee.

Located just south of I-10 on Capital Circle NE, Eastgate offers super convenience and excellent home values.

Currently, there are 5 homes for sale in Eastgate, ranging in price from $139,900 to $153,500, and last year there were 11 homes sold, meaning...

Tallahassee Foreclosure Filings April 21, 2012

Tallahassee Foreclosures Filings April 21, 2012

Subdivision/Location Address Sqft Age Date Tax Value
ADAMS PLACE CONDOMINIUMS 3000 S ADAMS ST 1,264 2006 4/18/2012 $54,352
AIRPORT CENTRE IND PARK 4441 ENTREPOT BLVD 4,250 2002 4/20/2012 $265,682
APALACHEE HILLS 1695 QUAZAR RD 1,173 2006 4/19/2012 $68,720
APTHORP SURVEY 320 LEWIS ST 1,464 1958 4/17/2012 $60,584
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Average Home Values In Tallahassee Same As 2003

If you ever wanted to see what a real estate market opportunity looks like, look no further than at a graph of average home values in Tallahassee.

While it is all but certain that average home values in Tallahassee will continue to fall due to the imbalance between supply and demand, our latest graph shows that we have dropped below our "normal" real estate appreciation levels, indicating a solid buying opportunity. With thousands of homes for sale in Tallahassee, the opportunities are there.

Average Home Values In Tallahassee Below "Normal"

In the real estate graph...

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