Here’s a new technique if your home is not selling … how about raising the price!Anybody who has followed the Tallahassee Real Estate Blog for any time
The Golden Eagle home value trend was the same in May as it was in May 2004, running right at $134 per square foot of heated and cooled space
When we look at Waverly Hills home sales for the past year, the distressed home sales trend (one year average) has been reduced to zero.
Home values for Ox Bottom Manor home sales began to return immediately when all the distressed properties for sale began leaving the market.
Like other NE Tallahassee neighborhoods, Summerbrooke is dealing with values that are 33% below the peak of the housing market
News reports around the Country report that January home sales are up over last year.
We monitor pending home sales and include a monthly update in our Real Estate Newsletter, and this month we have acknowledged trend change.
When we put the NAR pending home sales numbers to a graph, it is hard to discover the cause for their exuberance.
This “silver-lining” report reveals Tallahassee home sales have risen 20% since the bottom of the housing market, and are up 8% in one year.
The October Home Sales Report is a good sign that we could possibly break-out of the real estate market bottom of the past few years.
Yet another month of deception from NAR – observe the most recent slight-of-hand trick which typically accompanies their Pending Home Sales Reports.
More than a third of all 32311 home sales have been distressed sales (short sales, foreclosures, etc.) this year, and the trend is rising.
Tallahassee home sales are up 5%, while home values have declined to under 3%, continuing the home depreciation trend that began in 2008.
Growth in pending home sales means nothing to the housing market if they do not result in an increase in total home sales.
These are all of the recorded home sales at Shell Point since 1/1/2009. I will be using these to formulate a value. Just click on any red dot and the sales
The average value of home sales in Golden Eagle Plantation in 2006 was $174 per sq ft, which has dropped 24% to $133 per sq ft in May 2012.
My reporting on the Pending Home Sales Index in Tallahassee is very simple. I do not estimate any numbers.
The Year over Year Home Sales Report shows that home sales in Tallahassee have declined in 56 of the past 70 months, including 6.
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