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Tallahassee, FL Real Estate News

By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  3503 Doe Run Road, Tallahassee, FL Click here to Get Directions$900000 4 Beds - 3.5 Baths - Photos Maps & Local Schools Print This meticulously fully renovated home has it all. From the custom coffered ceilings to the shining wood floors, no detail has been overlooked during the renovation process. Each bedroom is not only an en suite, its bathroom has been completely renovated. The master bath now includes new floors, a redesigned Roman shower with multiple heads, and new marble counter tops. The main living area and the kitchen have undergone extensive design changes including wall removal that create an undeniable open and airy feeling. The chef inspired kitchen is perfect for those who love entertaining. This amazing space includes a Thor 6 burner gas stove with an oversized oven,...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
2801 Chancellorsville Dr #335, Tallahassee, FL Photos Maps & Local Schools Print Click here to Get Directions$239900 2 Beds - 2 Baths - 10890 sqft Lot This sleek updated 3rd floor condo is conveniently located in the desirable NE gated community of Barrington Park between WalMart and Chili's so both are only a few steps away. Condo features 2 BR's and 2 full baths with an upstairs loft perfect for a guest suite or office. The kitchen and baths feature brand new granite, sinks and plumbing fixtures and imported Italian tile flooring. Stainless steel appliances and upgraded light fixtures complement this contemporary home. Publix, Target, many restaurants and shopping are all within one mile of the community and I-10 is within 5 minutes. The neighborhood offers amenities such as a clubho...
Comments 6
By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
3043 Cloudland Dr, Tallahassee, FL Click here to Get Directions$220000 2 Beds - 1 Baths - 0.52 acres Lot Photos Maps & Local Schools Print Welcome to your own piece of paradise in Lakeshore! This charming 2-bedroom, 1-bathroom home rests on over half an acre of lush land, offering a serene retreat for nature lovers and garden enthusiasts alike. The property was recently updated with vinyl plank flooring upstairs (2022), a new fence (2022), new appliances (2022-2023) ensuring convenience and style. It also features a 2018 roof, new 200AMP electric in 2022, and 2016 HVAC & Water Heater. The property has an abundance of fruit trees including cara cara navel orange, blood orange, tangerine, peach, lemon, lime, mulberries, figs, olives, persimmon, pear, pomegranate, kumquat, loquat, bananas...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
528 Truett Dr, Tallahassee, FL Click here to Get Directions$400000 4 Beds - 2 Baths - 0.27 acres Lot Photos Maps & Local Schools Print Coming Soon till 3/14!! Location is top tier on a lot that would be very difficult to find again! Seller will replace roof prior to closing with acceptable offer. Perfect for large family needing extra space. Exterior space with unmatched potential for entertaining large groups or happy pets! Minutes from the Capital, FSU and the highway. Showings start 3/14! Follow This Home
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
The most obvious way to predict future home sales would be to take a look at the list of homes that are under contract and waiting for closing. These are what we refer to as “Pending Home Sales” and we can track them on a daily basis in the Tallahassee MLS. The real estate graph below shows that the number of pending home sales is climbing up from the bottom found in mid July. It is exciting to see this growth after years of steady declines. This graph is the one-year trend of pending home sales, so the changes that we see are not due to any annual seasonality in any way (every point on the graph contains a full 365 days worth of information). With the tax credit continuing through June and expanded for all home buyers with contracts through April, I suspect that we will see at least a ...
Comments 4
By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
We are finally starting to see some volatility in the housing market when looking at condominiums and townhouse construction. The average price of a newly built condo and townhouse has dropped over $100,000, but the monthly unit sales have doubled. I believe the trend in prices is due to a slow-down of condo sales in downtown Tallahassee, while the increase in sales has been heavily influenced by the home buyer tax credit. There are plenty of options for new condos and new townhouses in Tallahassee, so interested buyers should make a complete search of the Tallahassee MLS as well as consult with a knowledgable REALTOR about all of the opportunities that have not yet hit the known inventory of condos and townhouses in Tallahassee. We should expect to see a surge of new condo and townhous...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Closed home sales continue to rise in the Tallahassee real estate market, continuing belief that the market bottom was reached on August 18, 2009. Of course, just because unit sales are rising now does not mean that property prices are rising. In fact, the opposite is true. Home prices continue to decline, thus enticing new buyers to come forward and take advantage of the great buys in Tallahassee housing. Historic Closed Home Sales In Tallahassee When we look at the 365 day trend of daily closed home sales in the Tallahassee MLS, we can actually call the peak of the market (4/29/2006) as well as what we hope is the bottom of the market (8/18/2009). The next key date will be June 30, 2010 when the Homebuyer Tax Credit expires without another extension. The real estate graph below shows ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Home Sales Failures is an important trend that we monitor at the Tallahassee Real Estate Blog, and is the percentage of homes for sale that "fail to sell." This would include all home listings that expired, canceled, or withdrew from the market without a successful home sale. The movement of this trend gives us an idea of whether it is getting easier or harder to sell a home in Tallahassee. As we can see in the real estate graph above, the home sales failure rate continues to decline. Unfortunately, the current reading is still at 76%, meaning we can conclude that roughly 76% of the homes that came on the market over the past 365 days failed to sell. Great Tallahassee Real Estate Resources Do you want to know more about the Tallahassee real estate market? It is not as hard as you might ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Pending home sales are on the rise in the Tallahassee real estate market. The 365 day trend of pending home sales is monitored daily by the best real estate agents in the Tallahassee housing market as a barometer of current and future market movements. In the real estate graph below, we can see both the fall of pending home sales (reaching a market bottom in mid July of 2009) as well as the rise from the bottom of the housing market. A pending home sale is a property in which a buyer and seller have agreed to terms, and is currently in the due diligence stage of the transactions. Many of these that are recorded never turn into a real home sale, but a good percentage of them do. That is why the measurement of pending home sales gives us a forward looking perspective on what should occur ...
Comments 2
By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Home sellers are finding more success today than they have for the past two years. By tracking the total number of home sales in Tallahassee, and dividing them by the total number of listings during the same period of time, we are able to track a measurement that we refer to as the "Home Sales Success Rate." Currently, the 365 day trend of the home sales success rate has hit 47%, up from a low of 35% found roughly one year ago. In the real estate graph below, the blue field shows the one year trend measurement, while the red, green and purple lines show the shorter-term trends. The short term trends in the home sales success rate are all falling, both an indication of seasonal moves in the housing market as well as a warning for the long-term trend to start to drop. One interpretation o...
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By John Stehmeyer
(Riverking Custom Painting)
The U.S. Environmental Protection  Agency is enforcing the law that requires contracts that disturb lead-based paint in homes built before 1978 follow specific work practices to prevent lead contamination.  That dust can cause ill health effects, especially in children.  Symptoms of lead poisoning include learning disabilities, behavioral problems, hearing loss, even organ failure.  Many contractors spending the time and money to become certified to follow lead safe practices also worry the added costs will force customers to turn to shady contractors willing to break the law. Tallahassee's RiverKing Custom Painting is currently in the process of updating our EPA certification to handle lead paint.
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By John Stehmeyer
(Pro Players Realty)
TALLAHASSEE – Foreclosure is a harsh reality for thousands of Floridians these days, but a new bill could slash mortgage payment amounts. Orlando Democrat Rep. Darren Soto’s “Foreclosure Bill of Rights” would pressure banks to charge monthly payment amounts based on what homes are worth now and not what they were worth when they were purchased. “The banks would get their money and the homeowners — in the short run — would get a lower payment,” Soto said. “But obviously they’d have to start paying more or start satisfying that lien if they wanted to get out sooner rather than later.” In return for the lower payments, banks would put a lien on the property, which means eventually the homeowner would still have to pay the full value of the mortgage. The lower payment could help many homeo...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Tallahassee Neighborhoods are enjoying the beginning of the market turn, with homes selling at a faster rate today than they were a year ago. The most active neighborhood in Tallahassee is Killearn Lakes, followed by Southwood, Killearn Estates and Killearn Acres. The following real estate graph shows the top 3 Tallahassee neighborhoods represent a very large portion of the homes sold in Tallahassee. The blue vertical bars show the number of home sales in each neighborhood, while the red bars show the average price of homes that sold. The following table lists all named subdivisions in Tallahassee that had an arms-length home sale recorded in Tallahassee for the period of March 1, 2009 through February 28, 2010. Tallahassee Neighborhoods Home Sales Report Neighborhood Units Avg. Price A...
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By Carol Palacios
(Century 21 Manausa & Associates)
Joe Manausa | Century 21 First Realty | 850.523.6118 311 Dreadnaught Court, Tallahassee, FL 4BR/2+1BA Single Family House offered at $235,000 Year Built 2001 Sq Footage 1,862 Bedrooms 4 Bathrooms 2 full, 1 partial Floors 2 Parking 2 Car garage Lot Size Unspecified HOA/Maint $0 per month DESCRIPTION In town living at its best! This house is situated in a Nice & Quite neighborhood that is located just a couple of miles from local recreational parks, shopping centers, up scale restaurants and more. Features include large bedrooms, master bedroom has high vaulted ceiling and walk-in closet. Jumbo sized patio has a Pergola with built in speakers & ceiling fan over looking a gorgeous well manicured fenced back yard. Balcony above front porch is the perfect place to gaze at the stars or have ...
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By Carol Palacios
(Century 21 Manausa & Associates)
Joe Manausa | Century 21 First Realty | 850.523.6118 2022 Dyrehaven, Tallahassee, FL 4BR/2BA Single Family House offered at $299,000 Year Built 1997 Sq Footage 2,215 Bedrooms 4 Bathrooms 2 full, 0 partial Floors 1 Parking 2 Car garage Lot Size 1.00 acres HOA/Maint $0 per month DESCRIPTION NOT A SHORT SALE. Seller has priced for quick sale. Please call ahead, as alarm is on. This has all of the "bones"..........just needs a little TLC. There is NO CARPET......all hardwood fllooring and tile. All this plus, one quiet acre. see additional photos below PROPERTY FEATURES - Central A/C - Central heat - Fireplace - High/Vaulted ceiling - Hardwood floor - Tile floor - Family room - Living room - Dining room - Dishwasher - Refrigerator - Stove/Oven - Microwave - Balcony, Deck, or Patio - Yard A...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Summerbrooke home sales are “fighting the fight” that we are seeing in most Tallahassee neighborhoods. Home prices are still dropping in Summerbrooke, but monthly sales are on the rise, which is a major step in moving the market towards a balance between supply and demand. With just under 10 months of supply of homes for sale in Summerbrooke, we will see continued pricing pressure as heavy competition still favors the buyers in the market. The real estate graph below shows the average sales price of homes in Summerbrooke, as well as how many homes sold each year. Home Prices In Summerbrooke In the real estate graph above, the red field shows that the average home price has dropped from nearly $475,000 in 2006 down to nearly $350,000 just last year. Unit sales dropped below thirty for th...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
I was contacted by a reader yesterday wanting to know if a property that we have listed for sale was also available for lease. She proceeded to inform me that she had called on the “Craigslist ad” that “we” ran and immediately thought about “real estate scams“, so she was contacting me directly. After checking on the property she was calling about, it turns out it was only for sale. The ad that she found on Craigslist really was a scam. In order to warn my readers, I thought this would make for an interesting post on the Tallahassee Real Estate Blog. Real Estate Scam To Get Your Deposit Money It turns out somebody copied an entire home listing of ours and then placed it on Craigslist as a “For Rent” property. Our name was used in the ad, but the phone number or contact link was changed...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  Recently, a reader found the Tallahassee Real Estate Blog when he was seeking the answer to the question “How to buy a house based on Tax Value.” While this question could have been seeking a different direction, I believe this reader was trying to determine how to figure out the value of a home based upon its tax assessment. The short answer to this is that you should not use the tax assessor’s value when trying to determine the current market value of a home. There are so many things going on in the assessor’s tax value that you would do better throwing darts at a spreadsheet. In order to demonstrate this, we can look at home sales in a Tallahassee neighborhood and search for a correlation between sales price and tax assessment value. Golden Eagle Home Sales Versus Tax Values In ord...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  The Housing Tax Credit is set to expire on April 30th, 2010. Perhaps the most often asked question at the Tallahassee Real Estate Blog is “do you think the tax credit is going to be extended again.” Since this question is based upon politics, it’s not really something we can determine with “charts, graphs and analysis!” Fortunately, there are other ways to forecast political moves that affect the housing market. For those of you who read the blog that I posted two days ago about attending the Cartus Real Estate Network Annual Conference in Palm Desert, California, you know that I am in the company of some of the most influential real estate leaders in the world. So, rather than ask me this question, it is much better suited for Richard Smith, CEO of Cartus. Mr. Smith was a very import...
Comments 8
By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  The Housing Tax Credit is set to expire on April 30th, 2010. Perhaps the most often asked question at the Tallahassee Real Estate Blog is “do you think the tax credit is going to be extended again.” Since this question is based upon politics, it’s not really something we can determine with “charts, graphs and analysis!” Fortunately, there are other ways to forecast political moves that affect the housing market. For those of you who read the blog that I posted two days ago about attending the Cartus Real Estate Network Annual Conference in Palm Desert, California, you know that I am in the company of some of the most influential real estate leaders in the world. So, rather than ask me this question, it is much better suited for Richard Smith, CEO of Cartus. Mr. Smith was a very import...
Comments 4
By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
I was talking with a friend of mine yesterday about how I believe we are coming into the most significant financial period of change that will occur during my lifetime. The opportunities that are here now and will continue as we work to rid the market of the glut of homes will be seen one day as one of the most opportunistic periods in a 100 year window. While there will be great opportunities to make returns beyond your wildest dreams, they will come with risks that will be much higher than most are willing to take. So what does a low-risk investor do if he wants to take advantage of opportunities in real estate and not expose himself to a high degree of risk? I believe the answer is relatively simple. While my answer will focus on how to do this in the Tallahassee real estate market, ...
Comments 51
By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
I was talking with a friend of mine yesterday about how I believe we are coming into the most significant financial period of change that will occur during my lifetime. The opportunities that are here now and will continue as we work to rid the market of the glut of homes will be seen one day as one of the most opportunistic periods in a 100 year window. While there will be great opportunities to make returns beyond your wildest dreams, they will come with risks that will be much higher than most are willing to take. So what does a low-risk investor do if he wants to take advantage of opportunities in real estate and not expose himself to a high degree of risk? I believe the answer is relatively simple. While my answer will focus on how to do this in the Tallahassee real estate market, ...
Comments 4
Smart Phone guru Dick Betts, annouced at training Wednesday, March 4, 2010 that he has accepted an offer from the Tallahassee Board of Realtors (TBR)Executive Director Steven Louchheim to author an article each month on technology tips for the TBR magazine. Betts is a well known national speaker on real estate issues with particular expertise in Search Engine Optimization, Smart and Super Phones, Website administration and social media. Betts has spoken at the TBR for several years, has been a featured speaker for the Florida Association of Realtors, the National Association of Realtor and international Realtor groups. The Tallahassee Board of Realtors works diligently to assist it's members with the most current information regarding all issues in the real estate industry, seeking to c...
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By John Stehmeyer
(Pro Players Realty)
10 (mostly) cheap  ways to make a property more attractive to shoppers: 1. Improve first impressions. Touch up the paint on the front door and other areas that buyers see first. 2. Clean up the landscaping. Trim hedges and trees, and plant some annuals in the flowerbeds. 3. Paint the interior. A coat of light yellow or cream with contrasting white woodwork looks fresh and clean. 4. Refurbish the floors. Buff the hardwoods. Install new carpets – or at least get them professionally cleaned. 5. Take care of the big problems. If the house needs a roof or the front stoop is crumbling, get them fixed. 6. Buy warranties. Putting appliances under warranty gives homebuyers a secure feeling. 7. Improve energy efficiency. New windows or improved insulation tell a potential buyer that the seller is...
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