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1 In 3 Buyers Are Moving Here

More than one third of all home sales in Tallahassee thus far in 2018 have been in just one of thirteen neighborhoods.

With inventory down and demand shooting higher, it is imperative that  prospective buyers get prepared ahead of time so that they can compete for the better offerings on the market.

Take a look at this week’s one-page special report showing the most active neighborhoods of Tallahassee, and see the homes that are currently listed there.

Existing Homes Follow New Homes Higher

The average new home is currently selling for 53% more than the average existing home, but both have values moving higher at steady rates.

Since the market bottomed in 2012, the cost of new homes have moved 18% higher, while the cost (or value) of existing homes have risen 27% (an annualized rate of 4.94%).

So how do we know what’s next for the housing market?

Find out in this week’s one-page special report that you can see HERE.

 

April 2018

Download the April 2018 supply and demand report for homes in Tallahassee, FL.

The four corners of the Tallahassee real estate market are segmented by price range and the current months’ of supply of homes for each quadrant and each price range are shown.

You can use this information to recognize home values and to prepare yourself to successfully negotiate your next transaction when you buy a home or sell a home in Tallahassee.

First Quarter Home Sales Post 12 Year High

The first quarter of the year is now behind us and I’m happy to report the housing market recovery continues to strengthen in Tallahassee.

While the quarter ended on Friday, we can still expect to see late-posting sales from Realtors in the MLS for the next few weeks.

Despite these un-posted sales, we can already proclaim the first quarter was the best first quarter of any year going back to 2006.

Rising sales have impacted the median home in Tallahassee as you will discover in this week’s one-page special report.

Tallahassee’s Highest Priced Zip Codes

The average home price varies across the Tallahassee real estate market, and unsurprisingly, the four most expensive zip codes are all located in the Northeast Quadrant of Leon County.

Today’s report shows you the average price in each zip code and it identifies the neighborhoods that are driving these higher prices.

You can see the report here.

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