Home sales each month, going back to 1991 has grown from 400 home sales per month, to a level surpassing 500 home sales each month.
Summerbrooke home sales show home prices are still dropping but monthly sales are on the rise. Just how soon will the market will reach equilibrium.
Home sellers are finding more success today than they have for the past two years, and might be facing the best market they will see for quite some time.
Louisville follows the same real estate trends as other cities in our nation, only to a much lesser degree. But like I posted earlier this month, Louisville hasn’t seen a drop in home values since before 1978. That changed in 2008 and 2009.
Wakulla County home sales are down 79% since the peak of the market in March 2006. Simultaneously, foreclosures in Wakulla County are “through the roof.”
Tallahassee Foreclosures Filings March 7, 2010: This is a list of properties that received a lis pendens filing in Tallahassee, for the week ending 3/7/2010.
Pending home sales are properties in which a buyer and seller have agreed to terms, and are currently in the due diligence stage of the transactions.
Home Sales Failures is an important trend that we monitor at the Tallahassee Real Estate Blog, and is the percentage of homes for sale that “fail to sell.”
Closed Home Sales Report shows the market bottoming out in August of last year near 6 home sales per day, as well as the climb back up of 17%!
Condo and Townhouse Construction Trends in Tallahassee show average prices down over $100,000, but the monthly sales have doubled
Distressed property types seem to be distributed across the real estate market in a similar ratio as appears in the total of the homes in the housing market.
Housing inventory trends are moving in a positive direction. New listings are declining, new failures decline , new sales are rising, and new pendings are rising.
I have been doing a lot of research and reading lately, as I feel this is the toughest real estate market cycle that I have been through in my 17
Home sales failures are not something that most homeowners consider, but over 76% of the homes failed to sell over the past 365 days!
The Tallahassee Lis Pendens and Foreclosure summary shows roughly 25% of lis pendens that are filed have resulted in a foreclosure sale.
Tallahassee Foreclosures Filings February 28, 2010: This is a list of properties that received a lis pendens filing in Tallahassee, for the week ending 2/28/2010.
Mobile homes offer the combination of appreciation, market position, and great rent ratios, which are important factors to real estate value investors.
More building permits will not help Tallahassee. Any job growth will quickly dissolve into lost property values and a longer real estate market recovery.
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