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Town N Country Park Housing Report September 2015

Town N Country Park is a sixty year old subdivision with single family homes that are mostly 3 and 4 bedrooms. If you are looking for great location (whether as a place to live or a place to invest), then I think you will be excited with what you find in this centrally located neighborhood. 

It is technically in the Northwest quadrant of Tallahassee, though most residents think of it as very near midtown. It's roughly one mile away from The CENTRE of Tallahassee (formerly known as the Tallahassee Mall), so you should expect excellent appreciation in the next ten years for these homes.

When The CENTRE of Tallahassee is fully up and running, Town N County will likely be a hot-spot for younger people who want to be located near where it is all happening.

So take a look at home prices, home values, and home...

Killearn Acres Real Estate Report September 2015

Killearn Acres is a popular neighborhood on the Northeast side of Tallahassee which continually ranks among the most active communities in our area.

With more than 1,400 three and four bedroom homes, Killearn Acres attracts buyers who want to be close to restaurants, shopping, churches and some of the higher ranking schools in Leon County.

Additionally, as it is situated along the northern border of Killearn Estates, Killearn Acres also is exposed to the traffic that its large neighbor draws. Considering that more than half of all home sales recorded in Tallahassee fall in the NE quadrant, you can expect Killearn Acres to only get busier as the real estate market recovery gains momentum.

So take a look at the current situation...

20 Questions - Greg Lane For Leon County Property Appraiser

You might have heard that Greg Lane, a highly regarded real estate appraiser in Tallahassee, is running for the office of Leon County Property Appraiser.

Those of us in the industry have appreciated his work for many years, so it is somewhat bitter sweet to support Greg for public office as his election would mean that we will lose someone who does such fine work as a real estate appraiser.

The process of selling a home often involves a discussion on asking prices and valuations, and I once did a very success blog post on how real estate agents determine a home's value. Today, we'll look at what real estate appraisers do to determine values, and who better to ask than a prominent appraiser who has performed thousands of appraisals over the years.

So this...

Tallahassee Real Estate Professional - Are You Really Working With One?

A recent transaction reminded me of the importance of the job of choosing the right Tallahassee real estate professional before beginning the process of moving.

Whether you are selling a home and moving away, buying a home, or both, you had better ensure you have somebody who is well trained and experienced so that you do not spend too much money or end up in a really bad way.

You see, a survey last year of recent homebuyers showed that 80% were unhappy with their purchase within a year, and the majority of them expressed a need to have known more about the process when moving.

So let me share with you are recent experience with an agent who was not a real estate professional, and exactly what it cost her customer at the closing table.


Bull Run Real Estate Report September 2015

Bull Run keeps chugging along, attracting buyers with "new" and "like new" homes in the high demand 32312 zip code in Northeast Tallahassee.

Money remains cheap (low mortgage interest rates) and buyers are using their enhanced spending power to get the features and amenities that one finds in a home built within the past few years.

Many of them are drawn to homes being built today, but it's the fact that the homes are all relatively new and in a prime location that keeps Bull Run's home selling momentum charging forward.

So if you are thinking about moving to Northeast Tallahassee and you want a newer home, consider looking at one of the seventeen homes for sale in Bull Run right now.

In this report, we will look at prices, values, and sizes of homes in Bull Run, as well as show current...

Glen At Golden Eagle Real Estate Report September 2015

Golf course community living has never been more affordable, and buyers have taken advantage of this in neighborhoods like  the Glen at Golden Eagle.

This popular NE Tallahassee neighborhood features homes built from 1997 through 2006, and they seem to be most popular for people who want all the nicer amenities found in the large homes in Golden Eagle Plantation, but situated in a low-maintenance environment.

Just as you will find among the thousands of zero-lot line neighborhoods winding around golf courses throughout Florida, homes in the Glen sustain their popularity to those interested in being very near a golf course while living the country club lifestyle.

They are also popular among families who want their children to attend A-rated schools like Killearn Lakes Elementary, Deerlake Middle School, and Chiles...

Southwood Real Estate Report September 2015

Southwood is located on the South side of Tallahassee, and it is one of very few bright spots south of the Capitol Building in the Tallahassee real estate market.

To put this popular neighborhood's impact on Southeast Tallahassee into perspective, there are 8.9 months supply of homes for sale in all other SE Tallahassee neighborhoods and I suspect their rates of sales would be as low as those in SW Tallahassee (9.2 months of supply) were it not for their draw to the area.

This means that Southwood is practically "the only game in town" when we look at the South side of the Tallahassee housing market.

In this report, we will look at average home prices, home values, and home sizes in Southwood, as well as show current listings in the ...

Median Home Price Report Creates Options For Tallahassee Homeowners

Both median home prices and median home values continue to improve in Tallahassee.

While this might not seem like a huge revelation, it remains newsworthy as our housing market saw declining median prices and values from 2006 through 2012.

As somebody "in the business," I can attest to that being a very long period of time.

But the news is better today, and we'll show you with a simple trend graph where prices and values are today relative to where they have been in the past.

Tallahassee Median Home Price And Value

The graph below is “busy” with a lot of information, but everything falls into one of two groups.

Orange is associated with median home prices, while green references...

Will Real Estate Seasonality Impact Our Red Hot Real Estate Market?

Now that August has come and gone and September is midway through, all of us long-timers are wondering how real estate seasonality is going to impact the red hot Tallahassee real estate market.

When we reported on year over year home sales, July was up 25% over July of last year, and August was up 24% over August 2015. And this was following a June that was up 20%, so I would say we had a very strong Summer.

But seasonal changes are real and they typically follow a consistent pattern. Generally, people like to move in the Summer months, as it fits family schedules better than cooler month moves.

Yet with all that being said, would you be surprised to discover that it is actually easier to buy a home and sell a home when both the weather and the market have cooled off?

Real Estate Seasonality In Tallahassee


Adiron Woods Real Estate Report September 2015

Recently referred to as the "Bull Run" of the East side, Adiron Woods is a newer neighborhood that features homes built from 2005 through today.

You can find Adiron Woods where Walden Road and Mahan East come together, and here you will occasionally find a like-new home priced well below the cost of replacement. Due to the premium offerings, we have found this to be one of the more popular neighborhoods since 2011.

Unlike any other neighborhood on which we report, Adiron Woods built its way through the housing market bottom, and much of the home sales occurred from 2011 through 2013, the very lowest point of the Tallahassee real estate market recovery. It will be interesting to see how resales unfold from this small but popular NE Tallahassee neighborhood.

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

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