Plaza Tower Condominium (Tallahassee, FL)
By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
Anybody who is curious about the Tallahassee condo market (combination of condominiums and townhouses) 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. Graphing The Tallahassee Condo Market The real estate graph above shows just how far new construction for these attached units has declined. The vertical brown bars measure the one-year trend of monthly new construction condominium and townhouse sales, while the blue line records the average sales price of these units. We can observe a large...
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Tallahassee, FL Real Estate Professionals