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Price Reductions In The Tallahassee Real Estate Market

Today is a travel day for me. I'm heading to Chicago and will getting to see some of the real estate in the great Midwest.

As I sit here and write this in the airport, I am listening to the people sitting near me discussing their recent purchase of a home in Tallahassee. While I know that eavesdropping isn't exactly good form, I am pleasantly surprised at the optimism that I see in them about the real estate market in the next few years. You see, they felt that prices had come down to the levels they were right before the boom, therefore buying today is just like being able to buy a home in Tallahassee in 2005.

So that gave me a great idea. What if I could create a "Price Reductions" page on the Tallahassee Florida Real Estate Web Site that would allow our readers to have a way to see properties that might becoming "great buys." For example, here is one example of a great buy that I am aware of on the NE side of the Tallahassee real estate market. I knew the owners of this home before the current owners, and between the two of them, this great home has been pampered and improved since the day it was built. It is in the Lenox Mill Subdivision located on Thomasville Road, just north of Velda Dairy Road.

REDUCED $10,000

See a virtual tour of 3456 Chamblee Road

So here's the big question. If you would like to see a permanent "Price Reductions In Tallahassee Real Estate" page, comment below. If I get enough response, we'll add that to our Tallahassee Florida Real Estate Web Site. I look forward to hearing from you.





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As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible.

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Joe Manausa is a real estate investor and the Broker and Co-Owner of Joe Manausa Real Estate. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.


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Discussion

#1 By Gavin Green at 7/11/2017 3:48 AM

I too would like to see it. As a first time home buyer I'm obviously nervous about the buying process and want to catch the best deal if possible.

#2 By John Morris at 7/11/2017 3:48 AM

We appreciate you posting "great buys" and hope that you'll continue. However, in the early part of your post you said, "buying today is just like being able to buy a home in Tallahassee in 2004."

Then, you show us a newly reduced home selling for $319,900.

The problem is this home sold last in 2004 for only $260,000. So, it looks like this house has another $59,900 to go.

Unfortunately, in my experience, there are very few sellers actually asking for 2004 price other than REOs.

#3 By Dave at 7/11/2017 3:48 AM

I like it!

#4 By Shaun at 7/11/2017 3:48 AM

I would like to see that

#5 By Joe Manausa at 7/11/2017 3:48 AM

Great catch John. I was writing that from the Airport and did not check my numbers, thanks. I've changed it to read 2005 now. Thank you.

#6 By Joe at 7/11/2017 3:48 AM

It's a great idea!

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