32312 (Tallahassee, FL)
By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
It is getting difficult to find a good value for houses priced around $300,000 in Northeast Tallahassee right now.In fact, when we published our last market supply and demand report, there were fewer than three months supply in this tightly competitive segment of the Tallahassee real estate market.Houses For Sale In NE Tallahassee Around $300,000 Supply And Demand For $300K Homes In TallahasseeThe table above shows the supply and demand for houses in Northeast Tallahassee (data pulled from the Tallahassee MLS on 1/4/2017). Yet look at the listings above the table and see that there are only 34 existing houses available priced from $275,000 to $325,000, we can see that inventory is at a 15 year low for these highly prized properties.This is normally the time of year when inventory levels...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
Some of the most highly sought after real estate in Tallahassee exists along Thomasville Road / Hwy 319.From $99,000 to well over $5M, take a look at the 66 homes that draw the bulk of homebuyers in Tallahassee.Thomasville Road / Hwy 319 In NE TallahasseeStarting from I-10 and heading up almost to Bannerman Road, those neighborhoods directly located on either side of this main traffic artery contain the houses that "everybody" wants to buy.Some of the neighborhoods in this part of town might be obvious to our long-term readers, but for those newer to the Tallahassee real estate market you will discover some smaller neighborhoods here that deserve consideration when it comes time for a move to Tallahassee.More than 50% of Tallahassee homes sold in the past ten years have been in NE Talla...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
Are you curious about the Tallahassee real estate market's various zip codes?We often see people using our property search tool's zip code quick links (like this one featuring houses for sale in the 32312 zip code). So our belief is if people want to search by the zip codes in Tallahassee, they probably would also like more housing market information for each of these areas as well.Today, we will take a look at the most active zip codes in the Tallahassee housing market by reviewing average house prices, average house values, and the percentage of distressed house sales occurring in each zip code.The Most Active Zip Codes In TallahasseeThe following list shows the most active zip codes for house sales in Tallahassee, and each one is linked to the current houses for sale in its respectiv...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
One of the more popular searches that we are seeing on our brand new Property Search Tool is for houses that are priced between $200,000 to $400,000 dollars. While I cannot say for sure why this wide price range is so popular, I think it might have something to do with near-historically low mortgage interest rates. You see, Tallahassee's median house price is right around $165,000, but today's interest rates allow a buyer to have the nearly double the house while keeping the monthly mortgage payment the same (as when interest rates were "normal"). That's right, low interest rates mean you can get a whole lot more house for the money, and that (I believe) is why we are seeing so many homebuyers search for houses priced between $200,000 and $400,000. So where do you think they are buying?...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
Northeast Tallahassee is the hottest segment of our local housing market, and the 32312 zip code contains much of the action. The average home price in this highly sought after zip code is $278,000 and the average home value is currently trending up to $124 per square foot. Today's report takes a closer look at where people are buying within the 32312 zip code and what they are paying in the most popular neighborhoods. Home Prices The real estate graph below shows the most active neighborhoods in the 32312 zip code. Starting from left to right, we see unit sales in 2014 (black bars measured on the left vertical axis) and average home prices (green shade measured on the right vertical axis). Killearn Lakes Plantation is the clear leader in the 32312 zip code, based upon the number of hom...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
I have noticed that many people using our property search tool often use the zip codes in Tallahassee as a way to target their preferred location. This is a quick way to reduce the thousands of properties down to a manageable amount, and we can also use these postal designations as a way to evaluate the different locations within the Tallahassee real estate market. This report examines home sales, home values, home prices, and distressed home sales in the most popular Tallahassee zip codes. Home Prices The following real estate graph shows the number of homes sold in each zip code, as well as the average home sales price. Unit sales are shown as black bars and measured on the left vertical axis, while average home prices are shown in blue and measured on the right vertical axis. The 323...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
We often like evaluate the different zip codes in order to see if one area of the Tallahassee real estate market is performing contrary to the others, and today we will show you that this is indeed the case. After a strong 2013 when all six of the most active zip codes in Tallahassee posted gains in home values (real estate appreciation), 2014 has started off with an explosion in values for two of them, and a decline in one. That's right, a major zip code in Tallahassee is reporting a decline in home values for the first two months of 2014, and we didn't see it coming! House Values By Zip Code Our first real estate graph shows home values (average price per square foot) by zip code for the past twelve years as recorded in the Tallahassee MLS. Home sales in three of the zip codes moved d...
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