Weekly Special | November 25, 2019
Yes, Size Matters In Real Estate
This week’s graph shows the change in value of existing homes since 2003, segmented by home size.
The most active home size segments in the Tallahassee real estate resale market are shown above, starting at 1,000 square feet and working up to 3,500 square feet.
One thing that certainly jumped out to me that even though the overall market has appreciated 4.1% thus far in 2019, homes that fall in the 2,500 to 2,999 sqft. size range have actually fallen in value this year. We’ll keep a close look on this in the coming months to see if some new trend is forming.
Key Takeaways Size (Sqft) 2019 % Δ Total 1000-1499 $111 5 % 51% 1500-1999 $127 3 % 38% 2000-2499 $135 1 % 33% 2500-2999 $140 (1)% 30% 3000-3499 $148 3 % 31% The table shows current values, value change from last year, and the appreciation since the bottom of the market in 2012.
The original one-page Weekly Special PDF is still available.
Get the Weekly Special Every Monday
Each Monday morning the Weekly Special takes one Tallahassee housing question, answers it with a chart of local sales, and explains what it means for your next move.
It is free, and you can unsubscribe any time.