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Tallahassee Real Estate Blog

Tallahassee Monthly Lis Pendens Filings July 2012

New lis pendens filings in Tallahassee rose 100% in July when compared to July 2011, and foreclosures jumped an astounding 336%. We are definitely seeing a huge increase in these distressed properties, as the lis pendens filings trend has been on the rise for ten months now, which we are now seeing the evidence of growth in foreclosure sales. Currently, the foreclosure sale to Lis Pendens filings ratio has dropped from an all time high 11 months ago to 46%, as we can see with the blue line in the foreclosure graph below.

Tallahassee Foreclosures

Tallahassee Foreclosures Filings July 2012

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Tallahassee Foreclosure Filings July 31, 2012

Tallahassee Foreclosures Filings July 31, 2012

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Subdivision/Location Address Sqft Age Date Tax Value
ADAMS PLACE CONDOMINIUMS 3000 S ADAMS ST 1,264 2006 7/25/2012 $54,352
APALACHEE HILLS 1709 QUAZAR RD 1,173 2006 7/24/2012 $68,750
APALACHEE RIDGE 929 MILLARD ST 1,601 1965 7/27/2012 $89,565
BLAIRSTONE FOREST 1683 SILVERWOOD DR 1,092 1987 7/24/2012 $104,220

Great Start In 2012 For Waverly Hills Home Sales

If you want to live in a great Tallahassee neighborhood that's inside of I-10, you should take a look at a Waverly Hills home.

Why? Because well established, in-town neighborhoods are going to be least affected by the housing market correction.

In the real estate graph above, two great facts are immediately obvious.

First, this is the best year (YTD through June) for Waverly Hills home sales in the Tallahassee MLS going back to 2002. Secondly, distressed property sales have dropped from 67% of the sold homes to just 9%.

Currently, there are 8 ...

Dark New Trend Discovered During Housing Inventory Analysis

I conducted a housing inventory analysis of the Tallahassee MLS in order to discover a pattern that might help explain a strange new twist being observed in home sales in Tallahassee.

Over the past 7 months, we have observed an improving trend in the number of homes going under contract each day, yet we have not really enjoyed the corresponding number of closed home sales being recorded.

By conducting a housing inventory analysis, we were able to discover a dark new trend that all home sellers should understand.

In the real estate graph above, we can observe that...

Accelerator Group Overview

Chet and Andrew:

Please take the time to review my [VERY ROUGH] draft of the Executive Summary and presentation for what we are proposing. I am still hashing out the numbers, but I think this is moving in the desired direction. I would appreciate any recommendations, criticisms, ideas, etc.

Thank you. Joe Click here to see the current draft of the Executive Summary. I have prepared a brief video (1 minute each) for each section of the presentation (see below).

Introduction

Company Overview

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NAR Confuses Readers With Latest Pending Home Sales Report

I have to admit it, the only reason that I read the monthly Pending Home Sales Report published by NAR is to see how they will spin the housing data into something positive for the housing market.

Imagine my "lack of shock" this month when I saw the positive report regarding 14 consecutive months of year-over-year gains in the pending home sales report. Of course, my memory reminded me that we continue to revise past numbers down so that current numbers appear higher.

If you would like to see the latest pending...

Foreclosure Sales: Don't Be So Sure About Your Closing Date

There is a problem brewing with foreclosure sales that has become evident at many of the closing tables across the US.

In fact, Lawrence Yun, Chief Economist for the National Association of REALTORS, pointed to closing delays in foreclosure sales as one of the reasons that existing home sales fell in June.

But why do simple closing delays matter?

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Home Values Down 29 Percent For Golden Eagle In Tallahassee

Golden Eagle in Tallahassee offers some of the best golf course living in North Florida and features an award winning Tom Fazio golf course.

We have been providing home sales reports for Golden Eagle in Tallahassee for many years, and the changes that have occurred due to fluctuating market conditions is very evident in the real estate graphs that we provide.

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Foreclosures In Tallahassee Continue To Mount

The newest numbers are out regarding foreclosures in Tallahassee, and they are not good.

The second quarter of 2012 showed a 102% increase over foreclosures in Tallahassee during the 2nd quarter of 2011, a staggering rise by anybody's standard.

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Lots and Land Sales Rise In Tallahassee

It has been quite some time since we have reviewed lots and land sales in Tallahassee, and our update is quite revealing in terms of where the housing market is heading.

Currently, there are 623 lots and land for sale in Tallahassee, which represents more than 1 lot for sale for every 4 homes for sale.

Additionally, there are many more that are not listed, and we will see this abundance of developed lots and land continue to impact the Tallahassee real estate market.

In many ...

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