Which Way Will Southwood Home Sales Go?

Posted on April 18, 2013 Written by Leave a Comment

We have been keeping a close eye on Southwood home sales for several years, and I believe we might be experiencing a significant shift in this popular Southeast Tallahassee neighborhood.

Currently, there are 59 homes for sale in Southwood, and the composition of sale types is changing.

The graph on the right measures two important trends for existing homeowners in Southwood, the new construction trend as well as the distressed Southwood home sales trend.

These trends will tell us much about future home values in Southwood.

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Arbor Hill Home Sales Report

Posted on April 17, 2013 Written by Leave a Comment

It has been quite some time since we looked at Arbor Hill home sales, so this report is long overdue.

Arbor Hill home sales represent a rather small portion of the Tallahassee real estate market, but located at the Southern border of Killearn Estates, it always seems to be in high demand.

Currently, there are 16 homes for sale in Arbor Hill, priced from $69,000 to $155,000.

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Killearn Estates Home Sales Are Gaining Steam

Posted on April 2, 2013 Written by Leave a Comment

If you want a simple and singular bellwether for the Tallahassee real estate market, you can use Killearn Estates home sales as a guide to the housing market recovery for most areas.

As one of the most active neighborhoods in Tallahassee, there are 46 homes for sale in Killearn Estates and they are starting to see the number of sales increase.

The graph above shows that both arms length home sales and distressed home sales are rising (where roughly 1 in every 6 Killearn Estates home sales is a short sale, foreclosure or bank owned property).

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Killearn Acres Stabilization Held In Check By Distressed Home Sales

Posted on March 7, 2013 Written by Leave a Comment

As Northeast Tallahassee begins to stabilize at the median home price level, a study of Killearn Acres is an effective way to see how the housing recovery is progressing.

The real estate graph above shows that roughly 2 in every 5 home sales in Killearn Acres is either a short sale, a foreclosure, or a bank owned property sale, which means arms length home sellers are fighting against a whole bunch of distressed properties as competition.

Currently, there are 12 homes for sale in Killearn Acres, and they range in price between $120,000 and $685,000, though most fall below $200,000.

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Distressed Home Sales Rise In Golden Eagle Plantation

Posted on March 5, 2013 Written by Leave a Comment

Having posted 37 home sales in the Tallahassee MLS in 2012, Golden Eagle Plantation enjoyed its best year since 2007.

As one of the most active neighborhoods in the Tallahassee real estate market, we like to review this popular Tallahassee golf course community on a regular basis.

Currently, there are 42 homes for sale in Golden Eagle Plantation, and we are seeing some of the best asking prices in over 10 years.

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Summerbrooke Year End Home Sales Report

Posted on January 7, 2013 Written by Leave a Comment

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.

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Betton Year End Home Sales Report

Posted on January 4, 2013 Written by Leave a Comment

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.

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Ox Bottom Manor Year End 2012 Home Sales Report

Posted on January 2, 2013 Written by Leave a Comment

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.

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Real Estate Forecast 2013

Posted on December 24, 2012 Written by 2 Comments

As another year winds to a finish, it’s time to look forward with a real estate forecast for the coming year.

Long time readers of the Tallahassee Real Estate Blog might remember past efforts to predict the real estate activity for the coming years. My real estate forecast for 2012 was spot-on, and my past five years efforts have been very close. (For those that are interested, you can find my past real estate forecasts here).

But the real estate forecast for 2013 is going to be the toughest one since 2006.

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The Most Active Tallahassee Subdivisions In 2012

Posted on December 17, 2012 Written by Leave a Comment

There are more than 1,700 active Tallahassee subdivisions (also known as Tallahassee neighborhoods) and we like to keep an eye on which ones are seeing real estate activity.

In fact, we publish a Tallahassee Subdivisions Report at least quarterly, but long-time readers know they can always go to our neighborhoods page to find consolidated articles and links to all homes for sale in Tallahassee neighborhoods.

A quick peak at the real estate graph above reveals no surprises for the most active Tallahassee subdivisions in 2012, so our report will take a closer look at the neighborhoods with the most home sales in each area of the Tallahassee real estate market.

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