Take A Historic Look At Tallahassee Home Values

Recently, I was discussing Tallahassee home values with somebody relocating to our fine city.

They were curious about whether I thought the market was over (or under) valued, and what I thought about the prospect of buying into the Tallahassee real estate market today.

Fortunately, I happened to have the perfect graph on hand to examine the long-term changes for home values in Tallahassee.

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Breaking News: Kevin Milligan Joins Joe Manausa Real Estate

Joe Manausa Real Estate is proud to announce the hiring of Kevin Milligan to head up our real estate investments division.

Milligan, recently a sales consultant for Johnson & Johnson specializing in vertebroplasty products and consultation to orthopedic spine surgeons and neurosurgeons is bringing strong leadership qualities as well as keen analytical skills to Tallahassee as the Director of Real Estate Investments.

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Breaking News: Garrett Jacks Joins Joe Manausa Real Estate

Joe Manausa Real Estate is proud to announce the hiring of yet another military veteran.

Garrett Jacks, an accomplished Lieutenant in the United States Navy and a 2009 graduate of the United States Naval Academy at Annapolis will serve as a team leader in the Residential Home Sales Division.

This hiring marks a continued focus by our company to find the best and the brightest from our armed forces and bring their keen intellect and strong work ethic to the Tallahassee real estate market.

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I Think Frank Burns Speaks For All For Sale By Owners

I suspect if you surveyed everybody who is selling their home “For Sale By Owner,” they will tell you they get a lot of calls from real estate agents who want to list their home.

It’s kind of predictable … they represent an easy to produce list of people who likely want to move, so it makes sense that real estate agents want to solicit them for business.

While my real estate company also likes to speak to many people selling their home on their own, I can also tell you that I do not subscribe to the industry mantra of telling them they won’t succeed.

I believe you can sell a home on your own, and even get top dollar, but you have to do what the best real estate companies do if you want great odds of selling your home.

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Evidence Proves The Impact Of The Internet On Real Estate Marketing

We have been preaching about the significant impact of the internet on real estate marketing since 2007, and now we can provide some real evidence to back it up.

We started measuring home sales on a daily basis more than 12 years ago, and have actually produced a graphic that shows real estate companies have a better reach today than they did when we first started collecting data. And there was “no internet” back then.

So what do you think, is this valid proof?

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Most Expensive Homes In Tallahassee

The most expensive homes in Tallahassee are priced (relatively) cheap when compared to some of the larger markets in the US.

Daily, I see articles about homes going on the market in California and New York for more than$10M, yet the highest priced listing in Tallahassee tips the scale at $5.3M, and only a handful are priced above $2M.

So take a look at the very top of the Tallahassee housing market, and what people have been buying over the past twelve years.

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What You Can Get For $250,000 In Tallahassee (Real Estate)

Every so often, I speak with a real estate professional who lives outside of the Tallahassee real estate market, and invariably the conversation will turn to “what you can get” in one area versus the other. I find it fascinating that some people will spend more money to rent or own 800 square feet in some large cities than we spend on a 2,500 square foot home in Tallahassee.

So using this a a central thought for today, let’s explore what you can get for $250K in Tallahassee, how the market looks, and what you should be thinking about if you are buying a home.

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3 Methods To Determine Real Estate Appreciation

If you saw today’s Weekly Special Real Estate Report, then you should know that real estate appreciation is exactly “zero” since ten years ago.

You also know that home prices are the same as nine years ago, meaning there is a difference between “price” and “value” in real estate.

You might not think that this matters, but if you are at all curious about appreciation and depreciation, then I recommend you see why it does.

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How Home Sale Conditions Impact Buyer Behavior

We advise our home sellers to “think like a buyer,” and to do this they must understand how homebuyers think differently based upon the current home sale conditions.

If you are thinking of selling a home today, it is very likely that market conditions today are very different than the last time you sold. This means that you should expect different behaviors from the people with whom you will try to attract to your home.

With this in mind, have you ever considered what buyers are concerned about (so that you can successfully market to them)?

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Shaun Donovan: Leave The Homeownership Rate Alone!

The national homeownership rate has hit a nineteen year low, and I am worried that our elected officials are going to misread what this means and therefore try to solve a problem that their predecessors created.

They say that the road to hell is paved with good intentions, and it might be utopian notions rather than the needs of our Country that is guiding our “leadership,” but it is time for the capital markets to get healthy, and that means Washington needs to play a lesser role.

While it is true that the percentage of people in the US who own homes today is lower than it has been since Bill Clinton took office, the fact is it has only recovered to an “above average” level when compared to its historic rate. The homeownership rate is still too high.

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