Average home prices in Indian Head Acres and Lehigh have fallen 7% thus far in 2015, mostly due to two very low priced distressed home sales. Prices are still 23% higher than they were at the botttom of the market in 2012, but still down 27% from the
Average home values in Cameron Chase are up less than 1% since 2011, the year values bottomed out. This means that values are similar to original values when purchased new in 2004 and down 22% since the peak in 2006.
Home sellers were told to raise their asking price so the home would be featured to a whole new set of buyers who are shopping at a higher price, does this strategy work?
Have you seen the big real estate news in June? Some think that the “for sale” market and the “for rent” market are unrelated, but that is a big mistake.
Through late June, the average value of a home sold in Piney Z has been $115 per square foot. This is up 10% over the bottom reached in 2012, but still down about 21% from the market high set back in 2006
Through the third week in June, the average value of a home sold in Golden Eagle Plantation has been $140 per square foot. This is up 9% over the bottom reached in 2013, but still down about 22% from the market high set back in 2006.
The issue for sellers is whether or not they will put more money in their pockets if they choose to sell their home alone versus hiring an agent
Average home prices fell negligibly in 2014, but have rebounded 7% thus far in 2015. This means that home prices in the Glen are now 14 percent higher than the low established in 2012
Low prices and low mortgage interest rates continue to make Killearn Acres one of the top-10 selling neighborhoods in Tallahassee. The average recorded sales price is $173,000 for Killearn Acres thus far in 2015.
You should sell your home fast today because the buyer most likely to pay top dollar for a home is already educated on home values in the neighborhood, and that means we can sell a house fast and fetch top dollar for it all at the same time
Through mid-June, the average value of a home sold in Bull Run has been $152 per square foot. This is up 7% over last year and 15% above the bottom reached in 2012, which is only 5% lower than the market high set back in 2007.
The Tallahassee Foreclosure Report addresses all foreclosure sales through May, and a look at the ratio of lis pendens that ultimately convert into a foreclosure sale.
Don’t be surprised if we don’t see Suburban Hills home values rise rapidly as arms-length sellers re-enter the market and buyers discover this incredible location just a bit west of the NE Tallahassee quadrant.
Through the first week in June, the average value of a home sold in Town N Country Park this year has been $88 per square foot. This means that home values are still much lower than the current and future cost of replacement.
If you are like most home sellers over the past year, this animated image accurately captures your reaction upon learning your home’s current market value
How does hiring the wrong real estate listing agent hurt your chances to get top dollar for your home? Here’s four examples that I’ve run across in just the past week from current real estate listings in the Tallahassee MLS that include listing agent
Year to date homes sold in Tallahassee through May is much better than what we have seen in recent years, but still far lower than the level Tallahassee would record were it not in a real estate market recovery stage.
Southwood home prices rose 7% in 2014 versus 2013, but have become more affordable with a 7% decline thus far in 2015, bringing back average home prices like we saw in 2012 and 2013
Tell us where to send the Weekly Market Report. Each issue explains one shift in the Tallahassee market, like why nearly three in ten Leon County home buyers are paying cash.
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