There were 271 Lis Pendens filed in Tallahassee, Florida during the second quarter of 2014 (down 14% from the previous quarter and down 38% from the same quarter last year) and they are listed below, sorted by Tallahassee Subdivision.
Tallahassee Foreclosures Second Quarter 2014
New lis pendens filings in Tallahassee fell 35% in June when compared to June 2013, while foreclosures fell 8%. The continuing decline in new lis pendens filings is wonderful, and the decline in foreclosures is very good news as well. The large amount of lis pendens filed in the past must clear the market now as foreclosures. Lis pendens filings continue to form a new six year low (again).
The blue line in the graph below shows that there are more foreclosure sales than lis pendens filings, meaning we are truly working through the distressed properties now and their numbers will soon be declining greatly. There is still way too much distressed property activity, but the latest market trends are positive.
This is a list of properties that received a lis pendens filing in Tallahassee, for the week ending 6/30/2014. 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.
June was a very busy month for Southwood, the most popular neighborhood in Southeast Tallahassee. In fact, of all the property searches performed on the Tallahassee Real Estate Website this year, the most often requested community is Southwood.
So far in 2014, there have been 62 homes sold in Southwood, with 22 of those recorded in the month of June (and we have not yet seen the last day of the month).
The average sales price in June was $342,000 and the average value of $144 per square foot.That makes the average home size of just over 2,370 square feet.
Have you ever wondered how a real estate agent who works with institutional investors actually goes about the process of evaluating potential purchases?
Well, that is one line of conversation that spiraled out of yesterday's article on Florida real estate investments (especially on Google+), so we will continue on the investment theme.
For people with a healthy background in mathematics, the process is fairly structured and simple. For those of you who prefer "the bigger picture" and do not really like the numbers side of the business, you might have to force your way through it (that's my nice way of saying "get over it" :) ).
You can tell that the market is changing, as there is a rash of new (old) "how to get rich in real estate" opportunities popping up on the web.
While you might expect somebody in the real estate industry (me perhaps) to either say "now is the time to buy" or the opposite "beware of false promises," I actually have a completely message to share.
The Florida real estate investments market is for serious investors only. The market has changed and the players are bigger and tougher. If you want to get active as a real estate investor, you had better put on your big-boy pants!
Home sales are clipping along again in Golden Eagle in NE Tallahassee.
This popular neighborhood was grossly over-supplied with homes over $500,000, but a strong 2013 chipped away a portion of the excess of houses on the market in this Tallahassee golf course community.
Through mid June, 2014, there has been 20 closed home sales in Golden Eagle Plantation in the Tallahassee MLS and the inventory still strongly favors homebuyers.
Houses Sold In Golden Eagle Plantation
Have you ever wondered what your real estate buyer's agent thinks about when you ask how much you should offer on a house?
The answer is not so simple, it is not merely some percentage of the asking price. You see, how much you should offer on the house differs from home to home, based upon a myriad of factors.
Offer too little, and you lose control of the negotiation. Offer too much and you will over-pay for the home. Neither serves your best interests.
So how much should you offer on the house you want to buy? Here's what I think:
Your Position In The Negotiation
I received a note from a customer the other day about the real estate information that can be found online, and how frustrating it can be to find that a home for sale is really "not for sale."
I let her know that most online property search tools have data that can be so out of date that listings only get updated on a monthly basis. You might be very surprised to know what we find daily on the best known property search tools on the internet.
Knowing which tools to use (and when to use them) is actually part of a bigger issue for both homebuyers and sellers alike. I think a prudent consumer wishing to make the best deal possible...
Jasmine McIntyre obtained her real estate license in 2002, and her interest in real estate dates back to childhood. Growing up she spent many summer breaks assisting her father with his real estate brokerage. Recognizing her knack for working with others and her ability to explain and interpret the real estate market conditions, she pursued her real estate license while in college.
In addition to Jasmine’s knowledge of real estate, her greatest strength lies in the diversity of her skills. Obtaining graduate degrees in both psychology and education while receiving several distinguished awards highlights her ability to excel while maintaining professional relationships. Her background in psychology further enhances her ability to listen to clients’...