Tallahassee Home Inventory Report June 2011: Housing supply and demand dynamics in the Tallahassee real estate market as of June 3, 2011.
Condo financing in Tallahassee has been non-existent for the past six months, but finally a lender is stepping up to recharge this market.
When we look at the housing market in Woodbriar, we see that prices have dropped from a peak of $167K in 2006, to $77K thus far in 2011.
The number of home sales in Killearn Estates are down 26% year-to-date through April, but buyers are finding values and buyer larger homes.
Tallahassee is faced with a chicken or the egg paradigm in real estate, with would be homebuyers trapped in their current homes.
The May 2011 Tallahassee Lis Pendens and Foreclosure summary shows roughly 63% of lis pendens that are filed have resulted in a foreclosure sale.
Tallahassee Foreclosures Filings May 31, 2011: This is a list of properties that received a lis pendens filing in Tallahassee, for the week ending 5/31/2011.
Summerbrooke home sales appear to be slowing, and home values are dropping far faster than we have seen in the past.
The average price of a home in the Ox Bottom communities has dropped 43% since the peak of the market, and abundant supply .
The ‘mother of all school zone reports’ shows the changes in real estate values by school zones in the Tallahassee real estate market.
Home values in Weems Plantation & the Gardens of Weems have seen values drop about 24% which is better than the average home value decline.
The Waverly Hills Home Sales Report shows a 23% decline in home values at this time; this Tallahassee neighborhood is beating the market!
A new study of the Tallahassee real estate market shows that condominiums are losing value at nearly double the rate.
Tallahassee Foreclosures Filings May 21, 2011: This is a list of properties that received a lis pendens filing in Tallahassee, for the week ending 5/21/2011.
Betton neighborhood home values thus far in 2011 are higher than they were in 2010, and prices are fairly stable for the past two years.
Existing home sales have a tough time competing with new homes that are being built on lots with a lowered land basis in Bull Run.
Distressed home sales in the North Central Florida region show a discount up to 47%, depending on the county in which the homes were sold.
There are far more sellers than buyers in our current real estate market, and current trends are not positive for the market recovery.
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