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Park Charleston Housing Report May 2015

Park Charleston is a ten year old community that is located on the South side of Miccosukee Road in Northeast Tallahassee, just outside of Capital Circle NE.

The sale of homes in Park Charleston began in 2006 and they are still being built today.

As with all boom neighborhoods, existing homeowners will likely need to move within similar time schedules (think of it this way, most of them moved in at the same time, many will need to move out at similar times). As with other neighborhoods that exploded into existence during the peak of the housing market, we are going to be dealing with pent-up supply and issues related to deflated values.

In this report, we will look at home prices, home values,...

Two Tallahassee Zip Codes Have Contrary Real Estate Trends In 2015

Are you curious about the Tallahassee real estate market's various zip codes?

We often see people using our property search tool's zip code quick links (like this one featuring homes for sale in the 32312 zip code). So our belief is if people want to search by the zip codes in Tallahassee, they probably would also like more housing market information for each of these areas as well.

Today, we will take a look at the most active zip codes in the Tallahassee housing market by reviewing average home prices, average home values, and the percentage of distressed home sales occurring in each zip code.

The Most Active Zip Codes In Tallahassee

The following list shows the most active zip codes for home sales in Tallahassee, and each...

Home Values Rise 5% In Foxcroft In 2015

If you are a regular reader of the Tallahassee Real Estate Blog, then you know we've recently reported on Shannon Forest and Royal Oaks, two very popular neighborhoods on the Northeast side of the Thomasville Road corridor.

But just to the north of these two subdivisions is the Foxcroft neighborhood, featuring homes at prices at and below $200,000.

But Foxcroft appears to be having a very strong year for home sales, thus it is likely the sub-$200K homes will soon be just a memory.

In this report, we have produced an analysis of home prices, home values, and home sizes in Foxcroft. Additionally, you can view the current listings in the ...

Big Spike In Home Values For Shannon Forest In Northeast Tallahassee

Similar to our recent report on Royal Oaks home sales, this report on Shannon Forest shows a significant spike in both home prices and home values.

The Northeast Tallahassee real estate market is smoking hot right now, and the small neighborhoods along the Thomasville Road corridor are as hot as any you will find. Among them, Shannon Forest is an established performer among the top selling neighborhoods in Tallahassee.

I believe buyers enjoy this subdivision due to popular school zones, great access to Tallahassee and I -10, as well as the fact that these homes have withstood the test of time (meaning it is a viable neighborhood that did not spring up overnight during the housing bubble).

Home values are still attractive, offering buyers properties well-below the cost of replacement. Considering...

How To Celebrate Memorial Day In Tallahassee

Memorial Day Picture TallahasseeMemorial Day is a holiday which was created to remind us of the sacrifices made by those who have fallen in service to this great nation.

We should never forget that freedom isn't free and that many women and men have given their lives to protect our way of life.

There are still many non-Americans and Americans alike who wish to threaten those very freedoms.

Today, as we celebrate Memorial Day in Tallahassee, remember that we have friends and family members in harm's way all over the world.

...

Buyers Are Scooping Up Great Values In Meadowbrook

If "close to everything" matters to you, then consider buying a home in Meadowbrook.

This popular east-side neighborhood had its best year since 2006 last year, and is currently on pace to have one of its best years going back 20 years.

The reason for the recovery is low prices, and realistically this cannot last long, as homes are selling at a huge discount to their replacement cost, and that means investors are going to start swooping in to add these to their inventories.

So the next time you are near the intersection of Mahan and Capital Circle on the east side of Tallahassee, you might want to cruise into Meadowbrook to check out all some excellent homes for sale priced just above $150,000.

In this report, we will look at Meadowbrook home prices, home values, and home sizes, as well as the current listings...

Royal Oaks Home Sales Report May 2015

In our last report on Royal Oaks, we projected rising values and rising prices. Today's report confirms that our expectations have been met.

This popular Northeast Tallahassee neighborhood, located along the highly sought-after Thomasville Road corridor, features homes that are currently selling for just above $200,000, though you can occasionally find one below that level.

Even with home prices up since our last report, low mortgage interest rates continues to allow buyers to move up to Royal Oaks without putting a big dent on their monthly housing obligations. I suspect ten years from now, today's Royal Oaks homebuyers are going to feel as if this purchase was the smartest thing they ever did (financially speaking of course).

In this report, we will look at prices, values, and sizes of homes in Royal...

Home Sales Are Booming In The Bobbins In 2015

If you are seeking luxury homes in Tallahassee, then the three "Bobbins" (Bobbin Brook, Bobbin Trace, and Bobbin Mill Woods) deliver some of the finest homes in our area.

The Bobbins are conveniently located (just north of I-10 on the south side of Maclay Road), and homes are each situated on more than an acre of land.

With mortgage interest rates remaining near all-time lows, these high end homes are selling at a rate that appears as good as ever.

In this report, we will look at average home prices, average home values, and average home sizes in the Bobbin neighborhoods, as well as show current listings in the Tallahassee MLS and all closed home sales going back to 1991.

...

This Listing Agent Oversight Is Costing Home Sellers A Lot Of Money

Now that our property search tool and new edition of the Tallahassee Real Estate Website has been up and running for 60 days, we have completed a majority of the testing to ensure it's accuracy.

I have asked our readers and property tool users to drop me a note any time that an issue or problem is found, and we have (thank you) received quite a few that have been resolved.

But there is one common issue that we receive regularly that just blows my mind, and it is so important that home sellers should add this to their checklist of items to ensure that their real estate company is doing the job for which they have been hired to do.

By testing our search tool, we have uncovered a mistake that real estate listing agents routinely make...

Seeking Sellers In Camelot Park (This Neighborhood Is On Fire)

Camelot Park is a neighborhood on fire (metaphorically speaking).

The number of homes selling over the past 18 months is consistent with the levels recorded at the peak of the housing market, and this year looks to set a 12 year record for the number of homes that sell. There is just one catch.

Inventory! Currently, there is only one home for sale in this popular downtown neighborhood that is walking distance to some of the best shopping in Tallahassee. It is also located within a mile of both Tom Brown Park and the Capitol Building, and just around the corner from the Capital City Amphitheater. These downtown Tallahassee attractions have pulled Camelot Park into the Top-10 list for the most active neighborhoods in Leon County.

If you own a home in Camelot Park and would like...

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