Which Tallahassee Subdivisions Should Expect The Most Foreclosures
In case you missed the announcement this weekend, we just released our foreclosure reports for the month of June.
During the process of compiling all of the lis pendens filings for the report, I felt it would be a good time to create a graph showing the Tallahassee subdivisions where we should expect to find the most foreclosures in the coming year.
While many of the "usual suspects" are listed, there were a few surprises as well.
Tallahassee Subdivisions With The Most Foreclosures
The following real estate graph shows the Tallahassee neighborhoods with the most lis pendens filings over the past 12 months.
Most are not surprising, as this group for the most part mirrors the top selling neighborhoods as well.
The are some popular neighborhoods notably absent from the list of new foreclosure filings.
Bull Run is a top 5 selling neighborhood, yet it ranks tied for #87 with only 2 lis pendens filed in the past twelve months. Two other top ten neighborhoods, Summerbrooke and Arbor Hill, rank tied for #48 with only 3 lis pendens filed for each during the past year.
How To Use Lis Pendens Announcements
If you are not in any hurry to move, and you know where you want to live, you can use our weekly lis pendens reports to search for potential up-and-coming distressed properties. Recently, the following reports were filed:
- Lis Pendens For June 1 - June 7
- Lis Pendens For June 8 - June 14
- Lis Pendens For June 15 - June 21
- Lis Pendens For June 22 - June 30
If you want to know more about Tallahassee foreclosure trends, we also publish monthly summaries which include a list of all lis pendens filed for each respective month.
- Tallahassee Foreclosure Report - 2nd Quarter 2014
- Tallahassee Foreclosure Report - 1st Quarter 2014
- 2013 Tallahassee Foreclosure Report
So take the time to check out the distressed properties that will likely be entering the market over the next few years. These properties still represent more than a quarter of the inventory that is selling, so it's a great way to get a leg-up on your buying competition. Often times, these properties hit the market and sell in the first few hours, so knowing what to expect allows you to make a decisive move without having to make a panicked offer.
Of course, the best way to buy a foreclosure in Tallahassee is with an experienced buyer's agent. If you would like to start planning for buying a property below market, just drop me a note and we can schedule a time to start you on your way towards a successful purchase.
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