Four County Update - Tallahassee Real Estate Market
Posted by Joe Manausa on Wednesday, August 27, 2008 at 8:37 AM
By Joe Manausa / August 27, 2008
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The real estate market is local in nature, yet most of the media reports tell us how the real estate market is doing nationally, or how it is doing in the state of Florida.
Our Tallahassee Real Estate Blog typically focuses on the real estate market in Tallahassee, but I do occasionally take a peek at the markets that surround Leon County.
This post is one of my irregular updates that is designed to recognize the impact on Leon County when one of the surrounding counties does something unique or extraordinary.
Tallahassee Area Home Values
While most people who want to work in Tallahassee choose to live in Leon County, the four counties that comprise the Tallahassee real estate market also make for wonderful alternatives to living in Tallahassee.
Before we get to our summary, here is a "Communities" page that has been updated to include the major neighborhoods in Tallahassee, Crawfordville, Quincy, and Monticello.
There are a lot of people who endorse Joe for the job of selling your home, from Barbara Corcoran (Star of ABC's Shark Tank) to Preston Scott (host of Tallahassee's top daily "Audio Magazine," as well as the thousands of happy customers Joe has helped in the past. Listen why!
North Florida Real Estate Market Summary
- Leon County – Homes in Leon County continue to see a steady upward average price movement. The average price of a home sold in Leon County over the past 12 months was $209,000. With supply so high though, I am gravely concerned about home values moving lower in the near and long-term future.
- Gadsden County – Gadsden County has also enjoyed a relatively continuous increase in home prices. The average price of a home over the past 12 months in Gadsden County was $152,000. Just as in Leon County, this could be short-lived.
- Wakulla County – Wakulla County has seen the trend of home values reverse in the past two years. Even before the boom, Wakulla was seeing robust sales as the newest "bedroom" community of Tallahassee. The booming market made the average price of a home in Wakulla rise to $180,000, but the bust has brought it back down. The average price of a home sold in Wakulla in the past 12 months is $164,000.
- Jefferson County – The boom market made home values in Jefferson County soar to the same level as homes sold in Leon County. Unfortunately, the bust market has seen the average price of a home in Jefferson County trend all the way back down to a level just higher than the pre-boom values. Currently, the average price of a home sold in Jefferson County over the past 12 months was $154,000.
Video Answers To Your Questions
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If you are planning to buy a home now, or in the next few months, there are some fees and expenses you’ll need to pay in addition to your down payment that you should know about. Other than your down payment, all money you spend when you buy a home are called “closing costs,” and you should know about them ahead of time. Even experienced buyers can be surprised at all the costs that are associated with buying a home today. This short video will cover what you need to know so that you can (one, be prepared,
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How Many Times Will A Home Seller Counter Offer?
This real estate frequently asked question is from a recent home buyer. If you are about to buy a home in Tallahassee Florida or beyond and you’re trying to better understand how the real estate negotiation process will work, then understanding how to better control the negotiation is going to keep some of your hard-earned money in your pocket!
What Is A Swimming Pool Worth?
What Is A Swimming Pool Worth? Recently, a customer buying a home asked me a simple question. She inquired “how much does a pool add to the value of a home?” Pretty simple question, right? Well, by the end of this short video, you’ll know the not-so-simple answer (and why this is so important).
How Digital Has Changed How We Sell A Home Today
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What Is Pre Marketing In Real Estate When Selling A Home?
What is pre-marketing in real estate when selling a home? When your home hits the market and it "goes live," how many buyers will be standing in line to get in? Will it look like an Apple store on the day the new iPhone is released? If not, why not? ... it's all in the video ??????
How To Subscribe To The Joe Manausa Real Estate Channel On YouTube
Have you subscribed to the Joe Manausa Real Estate Channel on YouTube? It's a "must" for people who are planning to sell or buy a home in the near future. Just click subscribe to get started, and the bell icon, so that you never miss anything!
Who is responsible for determining the value of the home you want to buy?
If you are planning on buying a home now, or within the next three to six months, you are going to have all sorts of questions pop up for which you’ll want answers. Among the most important of these will have to do with figuring out what a home is worth. As a matter of fact, I was recently asked this question “Who is primarily responsible for determining the market value of the home you want to buy?” Questions about valuation are very common from buyers of all experience levels because nobody wants to overp
Home Selling Tip: Don't Price Your Home On The 9s!
One of the most important steps in your marketing strategy when selling a home is setting the initial asking price for the home. While I have discussed this in previous videos, today I’m going to discuss a technique that I refer to as pricing on the 9s. It works to reduce the buyer pool for the home seller and reduce’s the seller’s chances of getting top dollar for the home. It is a terrible tactic and works against the seller. If you watch this short video, you’ll understand exactly why it hurts home selle
Video Housing Market Reports
Housing Market September 2020 | Ginormous Real Estate Report
The September 2020 housing market update is ginormous, the kind I only produce a handful of times each year. Follow along as I walk you through current housing market conditions and conclude with a specific demonstration of how current conditions could be exploited. If you own a home or plan to own one sometime soon, this is what you need to know.
Is The Housing Market Too Hot To Sustain?
The real estate market September 2020 continues to be hot, despite no end in sight for the COVID-19 pandemic. I was wondering, "is the housing market too hot?" Is the current rate of sales sustainable? Are we seeing 2003 through 2006 conditions happening again? This housing market report starts with a look at the big picture, the US housing market, and then drills down to Tallahassee housing market, and finally to zip code level in the Tallahassee real estate market. Sit back, relax, grab a cold drink, and
Foreclosures 2020: The Coming Coronavirus Foreclosure Crisis
Is there a foreclosure crisis or is it fake news? I’m seeing a lot of videos and articles about the impending doom of the housing market. A tsunami of foreclosures? Evictions by the millions? Home prices dropping by 40%! There are a lot of doomsayers getting a lot of attention these days. Wouldn’t it be interesting to take a fact-based look at the housing market instead? Sit back, relax, and watch our Housing Market 2020 Forecast, and you'll discover the real deal about the impending foreclosure crisis in
September 2020 Housing Market Report Using Quartiles
Our early September 2020 housing market report quartiles home prices in the real estate market through last month. What’s a quartile you say? A quartile housing report is like a median housing report on steroids, it gives you 3 times the information about what people are spending on homes. If you are new to reports using quartiles, stick around to the end of this short video and you’ll see how we glean quality information using the quartile function. Sit back, relax, kick your feet up, and prepare for a dif
The Difference Between New Home Sales And Existing Home Sales
The Tallahassee real estate market continues to suffer from a decimated inventory that forces multiple buyers into bidding wars over each new listing that hits the market. Hands down, bar none, this is the best time to sell a home that I’ve ever seen in my near 30 years experience selling homes in Tallahassee. There simply are not enough homes for sale for our normal market demand. That’s right. Demand is not the highest I’ve ever seen, but supply is the lowest on record. The reduced supply of homes is due
Housing Market August 2020 Update
This video provides an analysis of the Tallahassee real estate market in early August of 2020. If you own a home in Tallahassee, this will give you insight into how your largest asset is doing and let you know where you stand if you would like to move now or in the near future. If you do not live in Tallahassee, this report is likely to reveal market conditions very similar to your own, though the price-points might be higher or lower.
The Difference Between New Home Sales And Existing Home Sales
The Tallahassee real estate market continues to suffer from a decimated inventory that forces multiple buyers into bidding wars over each new listing that hits the market. Hands down, bar none, this is the best time to sell a home that I’ve ever seen in my near 30 years experience selling homes in Tallahassee. There simply are not enough homes for sale for our normal market demand. That’s right. Demand is not the highest I’ve ever seen, but supply is the lowest on record. The reduced supply of homes is due
Pending Home Sales Report August 2020
The Pending Home Sales is a leading indicator for the housing market, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing. Most housing market analyses identify home sales after they close, but a study of pending home sales give us real estate market information nearly two full months earlier than do closed sales reports. The August pending home sal
Luxury Homes Market Report July 2020
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July 2020 Housing Market Report
The Housing Market July 2020 Report is a comprehensive analysis of the Tallahassee real estate market at the half-way point in 2020. If you own a home in Tallahassee, this will give you insight into how your largest asset is doing and let you know where you stand if you would like to move now or in the near future. If you do not live in Tallahassee, this report is likely to reveal market conditions very similar to your own, though the price-points might be higher or lower.
3 Market Forces Helping Home Sellers
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Your Local Expert In Tallahassee
When moving to, in, or from Tallahassee, you will fare better if you work with a local expert. We are here to help. If you have further questions on the Tallahassee real estate market, you can leave a comment below, give us a call at (850) 366-8917, or drop us a note and we'll give you the local information needed to ensure a successful, smooth transaction.
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