32309 (Tallahassee, FL)
By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
There are continued signs of an improving housing market in the 32309 zip code. Home sales in the 32309 zip code have been accelerating since the middle of 2011 (up 30%), and there are no signs of slowing house sales in the Tallahassee MLS. With two of the most popular neighborhoods in Tallahassee (Killearn Estates and Killearn Acres), we can expect the 32309 zip code to continue with improving sales for the foreseeable future. House Sales In The 32309 Zip Code Currently, there are 248 houses for sale in the 32309 zip code. Thus far in 2013 (through mid October), there have been 338 homes sold in the 32309 zip code at an average price of $228,663 (which is an average home value of $108 per square foot. The average home size of those sold in the 32309 zip code this year is 2,124 square f...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
If you want a better understanding of the difference between average home values and average home prices, simply follow our review of 32309 house sales because it is a perfect case study. Nearly every real estate blog and real estate news reporting agency likes to relate real estate appreciation or real estate depreciation with the movement of average home prices, but this is a terribly misleading practice. Let's examine how an analysis of a single zip code (32309 house sales) can show why you cannot infer appreciation from average sales prices any more than you can compare apples to oranges. 32309 House Prices The following real estate graph shows the number of 32309 house sales each month (blue bars) as well as the average home price trend since 2003. Based upon the information above,...
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