Tallahassee, FL Real Estate News

By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
High End Homes In Tallahassee Yesterday I reported on affordable housing in Tallahassee, so today I will cover the other end of the market. For this research, I included all areas of the Tallahassee Board of Realtors Multiple Listing Service (Leon, Jefferson, Gadsden, Franklin and Wakulla Counties). The upper end of the Tallahassee Real Estate Market has definitely seen better times. The inventory levels are approaching three years at the highest end of the market. These numbers are certainly skewed by the fact that coastal properties are included in the totals. Homes priced from $500,000 to $600,000 have roughly 21 months of supply. Supply jumps when we look at the $600,000 - $700,000 price range to approximately 31 months, while the "over $700,000" part of the market is nearly 34 mont...
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By Eva Armstrong, Environmental Visions
(Environmental Visions)
We made it home, safe and sound though a bit tired after 9 days on the road.  I promised two things - a trip wrap up with pictures with which will come in the final blog (or tomorrow - I have to pick up my pictures), and my last reflections on the interesting differences in real estate activity I noticed while driving through North Florida, Georgia and North Carolina.                                  Once again I need to state clearly, this was NOT a scientific study.  Just the first hand observations of a real estate professional as she drove through mostly rural, though some towns throughout Georgia (we avoided any of Metro Atlanta - no need so didn't go there) and the Smoky Mountains of North Carolina almost to the Virginia border.    My observations were prompted when the frequency ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Affordable Housing In The Tallahassee Real Estate Market A reader asked me to do an update on affordable housing in the Tallahassee Real Estate Market. I utilized the entire MLS database (including Leon, Wakulla, Jefferson, Gadsden and Franklin Counties) in order to find all the subdivisions that have had a sale in the past year, or currently has a home for sale at or below $170,000. Believe it or not, there are 827 Subdivisions in the Tallahassee Real Estate Market and surrounding counties that have homes priced at or below $170,000. The following table shows the most active 100 Subdivisions, with the number of homes for sale, the number of homes sold in the past year, and the months of supply available. Count Subdivision Units Months Supply For Sale Sold   Grand Total 1958 2496 9.4   ...
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By Carol Palacios
(Century 21 Manausa & Associates)
Interior home improvement projects can include anything from remodeling, repairing or maintenance work within any area of your home from the attic right down to your basement and garage. A common remodeling area is the kitchen. Other common areas that many choose to remodel are the bathroom and bedrooms of the home.Upgrades to your home are things you‚Äėll enjoy year-round. Economic advisors agree that an investment in your home through renovation is a wise move, as they can increase the resale value of your property if you should choose to sell. If you‚Äėre considering any renovations, sit down and ask yourself some simple questions before undertaking a project. Am I happy where I am? Do I plan on staying in this house awhile? Is this renovation really necessary? Certainly, every house req...
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By Eva Armstrong, Environmental Visions
(Environmental Visions)
At a time when at least two of our fifty states are in dire straits from severe drought conditions - the worst droughts in their states' histories, what a wonderful time to consider a RAIN BARREL as a closing gift for your residential customers!!!  The ones in the picture to the right are actually three separate barrels that have been connected to triple the amount of water collected for this building!  You don't need to give three to your customer - one will do.The drought in North Carolina has gotten so bad Governor Easley issued a press release on October 22nd declaring "Operation Halve-It."  He is asking EVERY citizen in the state to cut their use of water in half for everything they do!  You can click on the link below to see the details of the program and the suggestions for reduc...
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By Eva Armstrong, Environmental Visions
(Environmental Visions)
Oh, no....Pouring rain at 6:15 am....     Well, we get up at 7, and decide we'll take our time (right, my aunt is on a schedule, you can set your watch by it!).... And we hit the road at 9am as usual... We finished the first 50 miles in rain and fog, much differently from the way we started them.  We had occasional glimpses of color:  brilliant flashes of orange, yellow, reds and burgundy.  But the sun was not going to come out until we were well south of the Parkway.  As we continued south on Hwy. 441 I was able to reassess my original observations on the real estate signs, or lack thereof.  It was pretty much as I remembered.  As we drove off the Parkway but continued the drive down out of the mountains of NC, there was a scattering of sales signs for residences as we passed through s...
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By Eva Armstrong, Environmental Visions
(Environmental Visions)
We wake up to serious fog - or at an elevation of 5000 - serious clouds!  I could hardly see to drive!  So it was slow driving, and the wonderful colors we had been enjoying cast a faint glow overhead.Aunt G decided it was best, given the weather forecast for rain over the next two days for us to turn back and head for home.      It was slow going most of the day and few drivers other than us.  We had a couple of bright spots, and I got in a wonderful 50 minute hike up to the Erwin View of Linnville Falls.  I tried to get some exercise each day; eight hours in a car can get old!The trees had been changing colors and were noticeably more colorful as we passed  by the second time... funny how that happens!                                        We finally decided we'd had enough of fighti...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Do you live in New Mexico? How about Montana? North Dakota? Surely you must live in Nebraska....If you live in one of these states, I need you to visit my new blog so that I can complete the map of the US on my visitors chart.Please help me. Here is a map of my visitors at my new blog, http://www.tallahassee.com/special/blogs/manausa/. I have had visitors from almost every state, but need some help with the four remaining.UPDATE 11/11/07 We did it!Thanks to my newest Associates, Jesse & Kathy Clifton from Alaska, we have hit all states!          UPDATE 10/31/07Thanks to our visitors from North Dakota and New Mexico!Still have two stragglers. Anyone out there in Alaska or Montana?UPDATEThank you Nebraska! Just need some help from New Mexico, Montana & North Dakota! UPDATE SUNDAY OCTOBER,...
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By Eva Armstrong, Environmental Visions
(Environmental Visions)
We have more time today - we only have to cover 50 miles of the Parkway.  Aunt Gina made reservations for us at the Bluff Lodge in Doughton National Park.  If you've never stayed at a national park, it is a unique experience.  It's like having your own national park all to yourself, or yourself and a small group of new friends for one night.                                                                  So we left Boone and headed north stopping first at beautiful old home that after being donated to the National Park Service was turned into an Arts and Crafts store.  It was loaded with beautiful items and we loaded up on Christmas gifts, etc.  As Aunt G said, it's a good thing I have an SUV, small hybrid version that it is.  By the way, that 2007 Ford Escape Hybrid is getting 29.1 mp...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
There was an excellent article on Tuesday (October 16) on page 4A of the Tallahassee Democrat. Angeline Taylor wrote about the Florida Prepaid College Plan and reported that it was beginning its 20th annual enrollment period. Twenty Years! So what does this have to do with the Tallahassee Real Estate Market?If you consider that College Students represent a large portion of the consumption (Demand) of the Tallahassee Real Estate Market, then the future growth or reduction of this demand will always be important to the future value of homes in Tallahassee. Whether they rent a home in Tallahassee or buy a home in Tallahassee, either way they affect the demand curve for housing in our market.Angeline's article pointed out some great reasons why so many people are enrolling their children in...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
September Numbers Are In!I just received the September numbers from Metro Market Trends, which provides market information on all real estate sales including listed and unlisted property. Nothing startling in the September figures, as summer sales slowed like in every previous year.The first thing that I like to look at is how the average price of residential properties have moved (or haven't). The blue bar represents the average price of a new home in Tallahassee, Florida (homes include single family detached homes, townhomes, and condominiums). The red bar represents the resale market, while the green bar is the overall market, with both new and resale homes. I find it interesting that as the market cools, average resale prices have dropped, but new construction average prices have ri...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
How Is Your Area Performing? If you live in the Tallahassee Real Estate Market area or in one of its surrounding counties, you are probably curious how your "neck of the woods" is fairing in our current real estate market. I went to a utility in the MLS that allows me to pull a report for each market segment. Leon County, the most active county in our MLS, is segmented into four regions, while the surrounding counties are featured as a county in whole.The information below shows how many units were sold, what volume of homes sold, the average sales price of a residential property, as well as the median price. If you are confused between the average and the median, you can read a previous post of mine that explains mean, median and mode, or just know that the average is the total volume ...
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By Eva Armstrong, Environmental Visions
(Environmental Visions)
Day four dawned sunny and a little cooler as we set out again on our adventure.  Today we planned a brief (1/2 day) side trip to the little house know as Biltmore.  We even got up an hour early to accommodate this visit, as we also needed to be 150 miles down the parkway (eee-gads!!!) by the end of the day, or so we thought at 6:30 am when we arose.The trees don't look any brighter in color, yet - but we're in the valley this morning, so we're headed for the grand home of ALL American homes...Since this blog isn't about the Biltmore, suffice it to say it is worth the visit for everyone - including the wine tasting so you can buy some to take home.  If you want to check it out, and buy tickets on line go to their website at:  http://www.biltmore.com/It is really grand and there is a lot ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Yesterday, I showed information for the entire MLS. Prior to that, all of my articles had focused on the Leon County, Florida market area. This is the area that my business is focused on and I have much better information for the Tallahassee Real Estate Market than I do the surrounding counties. But someone asked me how the entire market was doing, so I pulled all of the sales in the Tallahassee Board of Realtors Multiple Listing Service (MLS) for the past six years. The chart below shows how the average sale price for single family homes, condominiums and town homes has changed for the entire MLS, which includes the counties of Leon, Wakulla, Gadsden, Jefferson and Franklin.  As you can see, the trend over that period of time is steep. The average price in the MLS, as we started the 20...
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By Eva Armstrong, Environmental Visions
(Environmental Visions)
We started up the Blue Ridge Mountain Parkway at the Southern end, which looks like the western end to me on the map, but we'll go with the official name.  From the town of Cherokee (interesting place!) we started the road up the mountain.I actually took some great pictures in Cherokee, but I'm saving the description for the pictorial wrap-up.  Can't do them justice with my writing ability.  We were little concerned early in the morning.  We stopped at EVERY view stop - and there are a LOT of them.  At first we had very little change in color, but about an hour into the climb, the colors started to to peep out of the green, both on the road and across the mountain range.  As we reached the top, at about 5000 feet, low and behold, while about 5-7 days yet from peak color, the trees still...
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By Eva Armstrong, Environmental Visions
(Environmental Visions)
Sunday morning--- what a gorgeous morning to set out on the road!  I love traveling along uncharted territory, waiting to see what the world has in store for me.This day was a day of interesting surprises.  The biggest one was not pleasant.  But I'm a little ahead of myself.  We overnighted in Commerce, GA, about an hour south of the mountains.  As we approached and started up HWY 441 onto Scaly Mountain, Aunt Gina pointed out the kudzu vines on her side of the road, then on my side of the road.  Then everywhere we could see on that side of the mountain!                                                   Now for those of you who don't know what Kudzu is, it is an invasive plant, a vine, introduced into the US to control erosion?  Unfortunately, no one checked to see what would happen if ...
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By Eva Armstrong, Environmental Visions
(Environmental Visions)
It's been two years since I had a vacation, and in August I called my then 86-year young aunt who LOVES to travel and said "let's plan a trip."  Now this really means - "will you plan a trip, and I'll drive..." which works for me since I don't have the time or patience to put it together - and she does!So here we are in Commerce, GA, 300 miles north of where we started this morning, heading to the mountains of North Carolina to check out the changing colors of the leaves (highly recommend by JaneAnne).  As we left Florida and crossed into Georgia this morning several things occurred to me:I forgot the camera I had put on the kitchen counter... so I bought a throwaway and will save the pix for a wrap up story when I return;There was an immediate and very noticable difference in the real ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
I had a meeting with a group of Tallahassee Real Estate Investors yesterday and we were discussing the Tallahassee Real Estate Market. One of the things that we focused on was the reasons to be "bullish" on Tallahassee. First of all, Tallahassee is a college town. With upwards of 60,000 college students attending our three major schools, Florida State University, Florida A&M University and Tallahassee Community College, Tallahassee has an "industry" of higher education that is ripe for continued growth. Additionally, Kaiser College and Lively Technical Center add to the mix of college students. Most of these schools either have no more room for housing, or have no desire to be in the housing business. The colleges in Tallahassee rely on the community to house their students. I wrote a b...
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By Eva Armstrong, Environmental Visions
(Environmental Visions)
Ok - I needed a break from the serious stuff, so today I'm writing about Mallard Pond, which is basically my backyard!                                                                                                                                                         It is a lovely, 6-acre pond, an old man-made cattle pond that lucky for me and my neighbors has a pump on it so we can keep it at fairly stable level.  Full of bass, brim and an occasional alligator that wanders up form the wetlands to the south.  My home is on the hill to the north and over looks the pond which is nice.  I get a great view of the activities and we get lots of species of birds throughout the year.The interesting thing this year was that Tallahassee experienced the WORST drought in over 100 years!!!  Here...
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By Gene and Rebekah Rivers, The Rivers Team, Broker/Owner
(Keller Williams Town & Country Realty)
Hello all! I wanted to tell you about a for sale by owner I previewed this week. It is a 3bedroom, 2bath home with 1989 square feet in northeast Tallahassee. It features new appliances, countertops, crown molding, updated bathrooms and more! The floorplan has a formal dining room, large family room, eat-in kitchen, and nice screened back porch. The house is wired for surround sound as well. Asking price is $269,900.Please call me at 850-508-0261 or email me at kim@ringtherivers.com to arrange a showing.Happy selling!-Kim Rivers     
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