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Tallahassee Real Estate Blog

How To Graph A Market Correction

They say that a picture is worth a thousand words, and if that is the case, today's blog is going to be about 1,200 words. I have produced a graph that shows the number of Tallahassee home sales each year, sorted by type and style, that clearly demonstrates the market correction in which we are still languishing. While it is no fun to see the Leon County real estate market down 50% from the top of the market, it is nice to know that this is a natural part of the real estate sales cycle and that we will see an opposite reaction in the future.

Tallahassee Homes Sales Down 50% From 2006

Graph of home sales in Tallahassee Note that...

What Is Happening With Land Sales?

The data is in for the month of July and we have analyzed, scrutinized, charterized, and grapherized it and placed in The Market Bulletin on the Tallahassee Real Estate Web Site. If you have not done so yet, subscribe to this blog so that you can always be on top of what is going on in the Tallahassee real estate market. Otherwise, you can just go directly to our July Real Estate Market Reports page and see what is going on. But if you want the skinny on residential lots in Leon County, then

You Have Found The Right Place For Tallahassee Lots

This first graph shows how unit sales and average prices are trending. That means for every point on the graph, it is showing us the average over the past year for that piece of information. Currently,...

Four County Update - Tallahassee Real Estate Market

The real estate market is local in nature, yet most of the media reports tell us how the real estate market is doing nationally, or how it is doing in the state of Florida. While this blog typically focuses on the real estate market in Tallahassee, I do occasionally take a peek at the markets that surround Leon County. This blog is one of my monthly updates that is designed to recognize the impact on Leon County when one of the surrounding counties does something unique or extraordinary.

Tallahassee Area Home Values

While most people who want to work in Tallahassee choose to live in Leon County, the four counties that comprise the Tallahassee real estate market also make for wonderful alternatives to living in Tallahassee.

So what is this graph of the real estate markets surrounding Tallahassee showing us?

...

The Waiting Is Over - Is The Turn Here?

As any of our long-term readers know, we update our Tallahassee Market Bulletin page about twice per week, showing the inventory movement in the Tallahassee real estate market. We have been looking closely at the 180 day trend on inventory flows to hopefully see it drop below the "zero" line and thus show that inventory is being reduced in Tallahassee. Well take a look at this...

Housing Inventory In Tallahassee (180 Day Trend)

All of our trend lines indicate a reduction of inventory. As we have discussed here in the past, WE WILL NOT SEE THE MARKET TURN until we see inventory being reduced. While this graph is a great sign, we have a long way to go. What we really are...

How To Dispute Your Property Taxes

"In this world nothing can be said to be certain, except death and taxes."

Benjamin Franklin - In a letter to Jean-Baptiste Leroy, 1789

How to dispute property taxes in Leon County, Florida

I received an email from a client of mine who had purchased a home in Tallahassee back in 2004. Like many citizens of Florida, he is disturbed about his rising property taxes. His message was

Joe, do you have any numbers on property appraisals in our area. Our assessed value went up last year according to our Trim statement. Having listened...

Even Tropical Storm Fay Can't Stop The Tallahassee Real Estate Blog

Just a quick post for today as I'm preparing for a pounding for Tropical Storm (Hurricane?) Fay.  The storm is supposed to hit us around 3:00 a.m. Eastern Time, so I'm getting this done just ahead of time in case we lose power.

I've just received the market data for the month of July and I'm still in the process of deciphering all of it. This quick little average price trend graph is rather interesting, especially if you own a home in one of the counties surrounding Leon County.

Tallahassee Area Home Price Trends

As a quick observation, It appears that the average home price in Leon County Florida and the average home price in Gadsden County Florida appear to be appreciating nicely, whereas we can see downward movement on the average price of a home in Wakulla County and similarly, a downward movement on the average price of a home in Jefferson County, Florida. One final point I would like...

Brand New Report That Realtors Don't Even Have - Shhh, Don't Tell

Brand-Spanking New Housing Inventory Report

The key to determining how much a home is worth is being able to put yourself in the buyers' shoes and look at what their options are. If there is a scarcity of homes, you can press for a higher price for your home. If there is an abundance of homes for sale, you need to price yourself below your competition. So, what if you had a handy one-page report that would help you decide?

You Do! It's the Free Report on Inventory in the Tallahassee Real Estate Market. Download this free handy 1-page report that will tell you much about what is happening in our real estate market.

Not Just For Home Sellers - Tallahassee Home Supply

If you are curious about the supply and demand of homes in Tallahassee, across different areas and different price ranges, then you will...

What You Need To Know About Gadsden County Homes

If you live in the Tallahassee real estate market, you need to know what is happening in all the counties that surround Tallahassee and Leon County, Florida. One county to our west found prosperous times during the boom years of 2006-2007, so how are they doing now?

Gadsden County Boomed In 2007

While the Tallahassee Real Estate Blog focuses primarily on Leon County Florida homes, I occasionally publish information from neighboring counties because they have a great impact on what is happening in our local real estate market.

Gadsden County Is Down 40% From The Peak

Looking at the graph below, we can see that the number of Gadsden County homes selling each month has trended down to 31 homes, which is 40% off the peak that occurred in May of 2007. ...

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