Tallahassee Real Estate | Real Estate Tallahassee Florida | Homes For Sale Tallahassee
Century 21 Manausa & Associates - Tallahassee Real Estate
Anybody who is curious about the Tallahassee condominium and townhouse market might be surprised to find that the sale of new construction of these units has almost reached zero.
There have been only 22 recorded sales in Leon County in the past twelve months, or just under 2 per month of newly built condominiums and townhouses.
That surely does not bode well for people sitting on developments of these attached housing units.
Every year I like to give a shout out to the Choose Tallahassee PR campaign launched by the city of Tallahassee to encourage people to move back to Tallahassee.
This year, I propose a spin-off program “Choose Tallahassee At 50″ since all of my friends and brothers seem to be turning 50. If we could get them all to come back to Tallahassee, our housing problems would go away fast.
So pass the word to all the baby boomers that you know, it’s time to move to Tallahassee, Florida.
The turn in the real estate market has not yet arrived for Weems Plantation in Tallahassee.
While there are some traces of market improvement to be seen (like the decrease in distressed home sales as seen in the graph on the right), there is still much evidence of a tough 2013 ahead.
We get many questions relating to the most active Tallahassee neighborhoods, and 2012 produced no big surprises.
The northeast quadrant of the Tallahassee real estate market had the most active Tallahassee neighborhoods, with 52% of all home sales being recorded there. When you see what we have assembled, it is obvious where people are choosing to move to right now.
Home values in Summerbrooke continued to decline in 2012, but sales were more brisk than they had been in the year prior.
The real estate graph at the right shows that distressed home sales are up, with thirty percent of all home sales being short sales, foreclosures, or bank owned homes.
Nevertheless, the rise in home sales is good news for residents of popular Northeast Tallahassee neighborhood, but many more are needed.
2012 recorded more home sales in the Betton neighborhoods than any year prior since 2006.
Located inside of I-10, the Betton neighborhoods have long been considered high demand real estate. Because of this, we have always believed we would see home values fall the least and rebound the quickest in these popular NE Tallahassee subdivisions.
Home sales in Ox Bottom Manor had a break-out year in 2012, out-performing every recent year since 2005.
The real estate graph at the right shows that distressed home sales are up, with thirty percent of all Ox Bottom Manor home sales being short sales, foreclosures, or bank owned homes.
Nevertheless, the rise in home sales is good news for residents of Ox Bottom, as it has relieved some of the pent up supply that is accumulating.
Home sales in Piney Z have reversed trend for the first time since 2002!
The real estate graph at the right shows that distressed home sales are up, but so too are unit sales in Piney Z!
That’s right, after 8 straight years of declines in the number of homes sold in Piney Z, it finally turned around in 2012.
There is an unusually high rate of short sales and foreclosures in Killearn Acres, as 44% of the sales in 2012 were distressed property sales.
The real estate graph on the right shows the accelerated pace of distressed property sales that has taken hold of Killearn Acres.
Home sales in Bull Run are on a bull run!
With 41 homes sold in Bull Run in 2012, it marks the second best year of all times for the number of homes that sold.
Located in the popular NE quadrant of the Tallahassee real estate market, Bull Run seems to be leading the charge towards the recovery.
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