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Tallahassee Building Permits Reveal Housing Market Cycle Change

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A study of Tallahassee building permits for new construction homes has brought to light the fact that we are in the beginning years of a major market cycle changeA study of Tallahassee building permits for new construction homes has brought to light the fact that we are in the beginning years of a major market cycle change.

If you study the housing market closely enough, you see cycles of change combined with extreme highs and lows that often times are signals for change. Feast yields to famine, fear is replaced by greed, or some profound influence modifies the direction of the market for the next cyclic term.

This cycle change is about permitting and building new homes in Tallahassee. Take a look at the new construction homes for sale right now, then follow along with our evidence of a major housing market cycle change.

New Construction Homes For Sale

Tallahassee New Home Construction For Sale

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1,027 Properties
Page 1 of 21
46
414 Bienville Place , Tallahassee, FL, 32317
Active
$486,642
414 Bienville Place
Tallahassee, FL, 32317
Beds5Baths4MLS#406841
46
410 Bienville Place , Tallahassee, FL, 32317
Active
$486,642
410 Bienville Place
Tallahassee, FL, 32317
Beds5Baths4MLS#406840
Open House
59
2304 Hampshire Way , Tallahassee, FL, 32309
Active
$475,000
2304 Hampshire Way
Tallahassee, FL, 32309
Beds4Baths2MLS#406788
Open House
39
5012 Caracara Drive , Tallahassee, FL, 32312
Active
$500,000
5012 Caracara Drive
Tallahassee, FL, 32312
Beds4Baths3MLS#406771
70
1308 Leewood Drive , Tallahassee, FL, 32312
Active
$474,900
1308 Leewood Drive
Tallahassee, FL, 32312
Beds4Baths2MLS#406708
70
7906 LONESOME DOVE Lane , Tallahassee, FL, 32311
Active
$480,000
7906 LONESOME DOVE Lane
Tallahassee, FL, 32311
Beds4Baths2MLS#406686
49
842 Avery Park Drive , Tallahassee, FL, 32317
Active
$485,000
842 Avery Park Drive
Tallahassee, FL, 32317
Beds3Baths2MLS#406667
29
402 Glenview Drive , Tallahassee, FL, 32303
Active
$495,000
402 Glenview Drive
Tallahassee, FL, 32303
Beds3Baths3MLS#406624
Open House
38
3737 Esplanade Way , Tallahassee, FL, 32311
Active
$499,000
3737 Esplanade Way
Tallahassee, FL, 32311
Beds3Baths3MLS#406493
50
8668 ALEXANDRITE Court , Tallahassee, FL, 32309
Active
$499,000
8668 ALEXANDRITE Court
Tallahassee, FL, 32309
Beds4Baths3MLS#406391
67
1218 Terrace Street , Tallahassee, FL, 32303
Active
$499,000
1218 Terrace Street
Tallahassee, FL, 32303
Beds3Baths3MLS#406390
44
2906 SHAMROCK , Tallahassee, FL, 32309
Active
$514,000
2906 SHAMROCK
Tallahassee, FL, 32309
Beds4Baths3MLS#406309
...

Single-Family Building Permits

The graph below displays the number of single-family building permits in Tallahassee for fifty (50) years. Blue lines show the measurement of detached homes, while the red records the number of attached-unit permits. The green line plots the ten-year average of all single-family building permits in Tallahassee.

Historic single family home permits in Tallahassee

The green line should catch your attention right away. It shows that the number of permits over the past ten years is down nearly 60% from the previous ten years, which was down 16% from the ten years prior, which was down 9% from the ten years prior to that!

For 30 years, single-family home permits (permits for single-family detached homes, townhomes, and condominiums) has been on the decline, yet all the while Tallahassee’s population has been growing! Either more people are living together in single-family homes, or something else is at play in our real estate market.

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Multi-Family Building Permits In Tallahassee

The graph below displays the number of multi-family building permits in Tallahassee for fifty (50) years. Red lines show the measurement of multi-family unit permits. The blue line plots the ten-year average of all multi-family building permits in Tallahassee.

50 years worth of residential building permit data for Tallahassee, FloridaThe construction of multi-family units in Tallahassee has been far more stable than what we saw with single-family units, most likely due to the consolidated decision making of multi-family development owners (1 owner of 500 units versus 500 owners of 500 units).

The bottom line in any housing market is you are attempting to measure the need for places to live. Whether they are multi-family for rent, single-family for rent, or single-family for sale, each housing unit has an impact on the supply and demand of the overall market.

Both single and multi-family units are significantly down, and yet demand is consistent with what we would expect based upon demand for the past thirty years. This has led to a new historic low in the relative supply of homes for sale, thus we expect to see both property values and rents escalate in the Tallahassee real estate market.

It appears that only new home construction can slow the void between supply and demand. New single-family home permits have generally been falling for the past thirty years, and I suspect we’ve seen the start of a reversing trend. It’s only the start, and supply remains far too low. Take a look at the new construction homes for sale above and you will see inventory that is likely to fly off the shelf.

Recent New Construction Sales In Tallahassee

The following table shows the last 1,000 new home sales recorded in the Tallahassee MLS. Each column header can be clicked in order to re-sort the table.

New Construction Sales In Tallahassee

NeighborhoodAddressPricePrice / SQFClosing DateYear BuiltSQF
Canopy3917 Ardmore Ln$600,000$2522026-10-0920262,378
Fletcher Oaks487 Grand Oaks Rd$405,000$2252026-10-0920231,804
Campbell Park3399 Mizell St$290,000$2232026-10-0720261,301
Fallschase540 Bienville Pl$687,900$2382026-10-0120262,890
Plaza Tower300 S Duval St$310,000$2612026-10-0120091,186
Fallschase4106 Beauregard Way$460,000$2092026-09-3020262,200
Fallschase543 Bienville Pl$369,100$2402026-09-3020261,535
Landon Hills8364 Bull Headley Rd$451,600$2512026-09-3020251,802
Landon Hills8388 Bull Headley Rd$441,600$2452026-09-2920261,802
Abilene Acres709 Dailey Dr$279,900$1922026-09-2820261,459
Pine Dove Estates5576 White Dove Trl$435,000$2422026-09-2820261,799
Fallschase420 Kenyon Pl$339,900$1792026-09-2520261,895
Canopy3925 Ardmore Ln$575,300$2502026-09-2320262,302
Tower Gates4498 River Breeze Ln$298,000$2172026-09-2320251,374
Plaza Tower300 S Duval St Apt 1111$315,000$2652026-09-2120091,188
Canopy3749 Meadow Vista Ln$426,600$2362026-09-1820251,804
Fallschase215 Calcasieu Pass$499,900$2182026-09-1820262,295
Fallschase517 Dartez Ct$399,900$2392026-09-1820261,670
Capital Heights530 W 4TH Ave$315,000$2222026-09-1820261,420
Abilene Acres4876 Six Mile Pond Loop$289,900$1992026-09-1820261,459
None1520 Summerbrooke Dr$530,700$2832026-09-1620261,873
Fallschase424 Kenyon Pl$342,900$1812026-09-1520261,895
The Franklin275 S Franklin Blvd Unit 6$680,000$3342026-09-1520252,038
Abilene Acres4884 Six Mile Pond Loop$302,300$2062026-09-1520261,470
Olson Ridge2951 Ervine St$400,900$1772026-09-1420252,259
Southwood4075 Four Oaks Blvd$399,900$2362026-09-1120261,695
None1536 Summerbrooke Dr$598,100$2332026-09-0820252,572
Pine Dove Estates5360 Pine Dove Dr$562,900$1952026-09-0420262,890
Canopy3789 Meadow Vista Ln$661,600$2562026-09-0320262,582
Conservation Of Summerbrooke1491 Summerbrooke Dr$629,900$2432026-09-0320262,589
Fallschase418 Kenyon Pl$339,900$1792026-08-3120261,895
Fallschase416 Kenyon Pl$349,000$1862026-08-3120261,876
Conservation Of Summerbrooke1431 Summerbrooke Dr$532,800$2842026-08-3120251,873
Hammock At Oak Grove589 Knotted Pine Dr$581,300$2722026-08-2820262,137
Hammock At Oak Grove585 Knotted Pine Dr$619,900$2912026-08-2520242,130
None8548 Scott Tower Rd$580,000$2692026-08-2420262,160
Landon Hills1379 Landon Hills Dr$248,000$1942026-08-2120261,280
Pine Dove Estates5584 White Dove Trl$564,900$1952026-08-2120262,890
Fallschase4110 Beauregard Way$503,500$1972026-08-2020262,550
None1568 Summerbrooke Dr$590,900$2302026-08-2020262,572
Conservation Of Summerbrooke1488 Summerbrooke Dr$504,200$2692026-08-1920251,873
Pine Dove Estates7921 Lonesome Dove Ln$526,800$2172026-08-1720262,429
Canopy3909 Ardmore Ln$647,400$2512026-08-1420262,582
Canopy3799 Day Garden Dr$442,000$2242026-08-1420231,975
Homestead Ridge9350 Powderhorn Ave$370,500$2682026-08-1420251,384
None1552 Summerbrooke Dr$834,800$2422026-08-1120263,447
Fallschase4102 Beauregard Way$450,000$2052026-08-0720262,200
Town N Country Park934 Chestwood Ave$367,200$2452026-08-0720261,501
Fallschase519 Bienville Pl$410,000$2092026-08-0520261,964
Tower Gates4470 River Breeze Ln$335,100$2102026-08-0520251,592
Fallschase4272 Duhon St$543,600$2112026-08-0420262,572
Southwood4073 Four Oaks Blvd$410,700$2422026-07-3020261,695
Canopy2832 Mews Lndg$305,700$2392026-07-2820261,280
Bond South2002 Pasco St$225,000$2032026-07-2420261,109
Bond South2006 Pasco St$225,000$2032026-07-2420261,109
Conservation Of Summerbrooke1504 Summerbrooke Dr$696,200$2702026-07-2320262,582
Reserve At Rivers Landing4899 Sampler Dr$311,000$2252026-07-2220261,382
Tower Gates5736 Pinebarren Rd$324,000$2302026-07-2020251,409
Landon Hills1354 Landon Hills Dr$402,500$2482026-07-1720241,622
Canopy3905 Ardmore Ln$599,800$2522026-07-1520262,378
Canopy3829 Ardmore Ln$579,600$2522026-07-1420252,302
Canopy2349 Briar Rose Gln$330,000$2642026-07-1020251,252
Fallschase4236 Landry Ln$440,500$2792026-07-0920261,580
Landon Hills8373 Bull Headley Rd$464,900$2162026-07-0820262,149
Waterford Plantation6286 Longwood Ct$557,000$2572026-07-0220242,170
Canopy2374 Briar Rose Gln$431,600$2402026-07-0120251,802
Hammock At Oak Grove649 Knotted Pine Dr$613,400$2722026-07-0120262,255
Conservation Of Summerbrooke1471 Summerbrooke Dr$667,900$2592026-07-0120262,582
Maple Ridge2351 Maple Leaf Way$1,420,000$3102026-07-0120244,587
Fallschase515 Bienville Pl$370,000$2412026-06-3020261,535
Fallschase505 Dartez Ct$399,900$2392026-06-3020261,670
Southwood4061 Brownstone Way$381,200$2122026-06-3020251,799
Fallschase507 Bienville Pl$430,000$1962026-06-2920262,198
Conservation Of Summerbrooke1479 Summerbrooke Dr$587,000$2282026-06-2920262,572
Pine Dove Estates5598 White Dove Trl$566,900$1962026-06-2920262,890
Fallschase457 Dartez Ct$399,900$2392026-06-2620261,670
Tower Gates5700 Flowerbrook Cir$340,000$2142026-06-2620261,592
Pine Dove Estates5368 Pine Dove Dr$624,900$2052026-06-2620263,044
None1007 Williams Landing Rd$1,169,000$4082026-06-2520242,864
Key Acres2715 Gerald Dr$295,800$1642026-06-2520231,800
University Green1978 Greencastle Ln$229,900$1872026-06-2320261,232
Canopy3737 Meadow Vista Ln$425,000$2362026-06-2220251,802
Fallschase4247 Thibodeax Trl$529,900$2312026-06-2220262,295
Fallschase425 Dartez Ct$399,900$2392026-06-1820261,670
Landon Hills8377 Bull Headley Rd$462,900$2152026-06-1820262,149
Conservation Of Summerbrooke1463 Summerbrooke Dr$568,900$2772026-06-1820252,055
None4520 Garden Oaks Way$424,900$1902026-06-1820252,239
Canopy3825 Ardmore Ln$580,000$2522026-06-1720252,302
Fallschase360 Bienville Pl$537,000$2092026-06-1720252,572
Pine Dove EstatesPeace Dove Trl$564,900$1952026-06-1720262,890
Olson Ridge2909 Ervine St$460,000$1802026-06-1620252,550
Pine Dove Estates5370 Pine Dove Dr$564,900$1952026-06-1620262,890
Golden Eagle Plantation2875 Royal Isle Dr$1,479,400$3792026-06-1220263,900
Hammock At Oak Grove8419 Knotted Pine Ln$579,400$2722026-06-1220252,130
Hartsfield Hills1632 San Damian Rd$499,000$2572026-06-1220251,939
Reserve At Rivers Landing4909 Sampler Dr$309,500$2242026-06-0920261,382
Fallschase4248 Landry Ln$446,700$2832026-06-0820261,580
Conservation Of Summerbrooke1427 Summerbrooke Dr$639,000$2692026-06-0820252,378
Conservation Of Summerbrooke1443 Summerbrooke Dr$618,400$2602026-06-0520252,378
Canopy2347 Briar Rose Gln$331,200$2592026-06-0320251,280

About New Home Sales In Tallahassee

Are you ready to build or buy a  new home? Either way, if you have thoughts or 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 further the discussion from there.

As a local born and raised in Tallahassee with a focus on customer service, I promise you’ll find great success when working with Joe Manausa Real Estate, just as have our past customers. You can thousands of their reviews reported on Google, Facebook and Zillow right here: Real Estate Agent Reviews Tallahassee.

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You can find it on Amazon (It will be published in Feb 2020, reserve your copy today at a pre-published rate).

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.

As a local born and raised in Tallahassee with a focus on customer service, I promise you'll find great success when working with Joe Manausa Real Estate, just as have our past customers. You can read thousands of their reviews reported on Google, Facebook and Zillow right here: Real Estate Agent Reviews Tallahassee.

The digital marketing guide for small businessesHave you heard about my new book "The Business of Getting Business?" It's a comprehensive guide for small businesses to help them make the move to digital. For those of us who want to survive and thrive in a world where large corporations are taking over, it is a must-read. It's also the perfect guide for how to sell a home in the digital age. You can find The Business Of Getting Business by clicking on any of the trusted retailers below.

Real Estate Agent reveals in Tallahassee, Florida

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