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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)
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)
7031 Dardwood Ln, Tallahassee, FL Click here to Get Directions$415000 5 Beds - 3 Baths - 1.3 acres Lot Photos Maps & Local Schools Print Discover the ultimate blend of space, comfort, and versatility in this charming 5-bedroom, 3-bathroom residence on 1.3 acres. An attached in-law suite with a full kitchen provides flexibility for extended family or guests. Seize this opportunity to create your own sanctuary in a peaceful, yet conveniently located setting. Roof is 2019 & HVAC is 2022. Follow This Home
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Do you ever wonder how hard it is to get a home sold in today’s real estate market? I always do, so I measure two key real estate statistics that I refer to as the home sales success rate and the home sales failure rate. By looking at success versus failure in real estate, I always have a current opinion on the relative difficulty in getting a home sold in today’s market conditions. This information is vital for both home buyers and home sellers. We think it gives our clients an advantage in the market. For buyers, they will have a better understanding of what kind of offer is going to land them the perfect house, at the lowest price possible. For home sellers, it lets them know how competitive they have to be in the market. Current Success Rates In Real Estate When we look at the real ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  Every so often, I get a question about title insurance in Florida and it usually comes from somebody selling a home. Recently, I received such a question so I thought I would use it to remind everybody of “how it all works” in the Sunshine State. Jim K. of St. Petersburg asked: I am hopefully selling my home in St. Petersburg, FL. Why is the title company charging me (the seller) title insurance. I paid it when I bought the home 4 years ago. Is this required for me to pay? Thank You Jim K. I see this so often and remember the shortest answer to the question of “who pays for title insurance in Florida?” is “it depends on what the contract says.” Title insurance in Florida is required by the lender (and should be purchased to protect the Buyer under all circumstances), but can be paid b...
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By Brooke English
(Credit Restoration Consultants)
With record unemployment, the growing popularity of food stamps, emergency cash assistance, and government subsidies, more and more people are turning to the Internet in search of lost or forgotten money.  With over $33 billion in unclaimed funds nationwide, the fastest growing search terms on Google and Yahoo have been "unclaimed money" and "missing money."  Chief Financial Officer Alex Sink reminds Floridians of an online claims system making it easier to recover funds held in the Bureau of Unclaimed Property.  Now holding in excess of $1 billion, the unclaimed property comes from dormant accounts in financial institutions, insurance and utility companies, securities and trust holdings.  Unclaimed property also includes tangible items such as watches, jewelry, coins, currency, stamps,...
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By Carol Palacios
(Century 21 Manausa & Associates)
Joe Manausa | Century 21 First Realty | 850.523.6118 3112 Oscar Harvey Rd, Tallahassee, FL 4BR/1BA Single Family House offered at $115,000 Year Built 1991 Sq Footage 1,200 Bedrooms 4 Bathrooms 1 full, 0 partial Floors 1 Parking None Lot Size .69 acres HOA/Maint $0 per month DESCRIPTION This house has so much to offer! Features include neutral colored tile flooring throughout expect in bedrooms, bathroom with huge vanity sink, 2 jumbo sized storage sheds in back yard, Large kitchen has a window above the sink so you can watch your kids, friends and family enjoy the big fenced back yard and above ground pool. The fun doesn't end there is public access to a boat ramp just one mile from this property on Luther Hall, so you can enjoy a boat ride or go fishing on Lake Talquin. SEE PR for inf...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Congress is considering new tax proposals that would place additional burdens on owners and investors in residential and commercial real estate. While this might not seem like a big deal to the average citizen, I can tell you the last thing our economy needs is a further collapse of the housing market. Read this blog, get the word out, then tell your Senators and Congressperson to back off of the real estate market! Reminder: The current edition of the Tallahassee Real Estate Newsletter was published today. If you did not receive this information-packed newsletter by email, all you have to do is go here to subscribe. To say that the real estate market is fragile is a gross understatement. Having just seen the end of the Homebuyer Tax Credit, designed by our political leaders to re-energ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  Real estate in downtown Tallahassee has been dominated by the commercial sector since forever, but residential opportunities are starting to take traction. While there have always been a scattered presence of townhouses, condominiums and apartments, the luxury condo market is finally taking shape. The following is a quick list I produced by pulling some of the more active condominium developments in downtown Tallahassee. There are many condominium developments now compared to the relative few just ten years ago. Due to the current market conditions in Tallahassee (and Florida and the entire US), there are some great values available. Many units are now selling below what it would cost to replace them. As you will be able to see, prices go from super-affordable to well over $1M. [click...
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By Debbie Kirkland
(Century 21 First Story Real Estate)
Wakulla Springs is just minutes from the heart of Tallahassee and a favorite spot for swimmers, nature lovers, and bird watchers! I've been going to Wakulla Springs since I was a kid, and taken my kids many times over the years. Wakulla Springs is one of the largest fresh water springs in the world! Over 250 million gallons of water flows from the spring and travels over 9 miles down the Wakulla river to the Gulf of Mexico. Take a look at the Interactive Exploration Map and you will see why this is such a prized possession of the Florida State Park system. Also at Wakulla Springs you will find the beautiful Wakulla Springs Lodge. The Wakulla Springs Lodge was built in 1937 by financier Edward Ball and is open year-round. It is a hotel, conference center with meeting rooms, a dining roo...
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By Debbie Kirkland
(Century 21 First Story Real Estate)
It's that time again! Every spring new things blossom in Tallahassee, including shiny, stately, spacious new construction homes. Ever wonder what granite counter-tops would look like with dark maple cabinets, or a white kitchen with tile accents would look like? Do you want to know what a "green-built" home looks like or what features might be in an affordable family home in the NW, or NE? In the Tallahassee Parade of Homes, there are homes ranging from $159,000 to $1.8 million. Want to envision your dream home? Want information on new construction costs and time-lines? Now is your chance to ask those questions and see the latest in building and design in these beautiful new homes.   The Tallahassee Builder's Association is holding the 2010 Tallahassee Parade of Homes May 8th-9th and 15...
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By John Stehmeyer
(Pro Players Realty)
Our new site has launched.  There you’ll find links to our featured properties in Tallahassee, Tallahassee Foreclosure search, Home Values, and more. Call us today! Pro Players Realty – The Tallahassee Real Estate Company  
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
If you have to sell a home, you need to understand that a fundamental change in the real estate market has occurred. With this change, the way that you address risk versus reward will need to be modified. No longer will you have the luxury of trying to get the top dollar for your home and suffer no negative consequence should you fail. For most people in the real estate industry, prices have always been going up. Real estate appreciation was the rule, so pricing a home to sell, and all the various other elements in the home sales process, were based upon this important rule. So what I am trying to express is that most real estate professionals do not know how to sell a home today! Sadly, this is true. If you look at the home sales failure rate, it has hovered between 72% and 85% for the...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  Whether you own a home or lease home, want to sell a home or buy a home, the most important thing that you can do is to educate yourself on what is going in the current real estate market. A comprehensive housing report for your local area is more critical today than it has ever been in the past. There are changes coming that can be clearly seen if you are looking at the correct information. Housing markets do not move so quickly, so recognizing change trends might be easier than doing the same type of analysis in the stock market. A Comprehensive Housing Report Starts With Supply And Demand Nothing gives you a better indication on the current state of the real estate market than a summary of supply and demand. Ideally, this summary should be broken-down by areas and price ranges so c...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Home Buyers have been increasing their activity in the Tallahassee real estate market, but the ending of the Homebuyer Tax Credit could slow them down. The peak of the market back in 2006 saw sales of nearly 16 homes per day, but by the time the market bottomed, we were seeing just  6 home sales per day. Home buyers were clearly speaking their opinions of home values in the Tallahassee real estate market. The following real estate graph shows a great recovery has begun in mid August of last year. When we zoom in on the recovery, we can actually track the market change to the very, very bottom. August 17th was the last day of the declining market and the recovery started the very next day. This coincides with old First Time Homebuyer Tax Credit and the seasonal strength of the summer mar...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
The rate at which home sellers “failed to sell” has been dropping since August 2009, when the rate hit 85%. We measure the total number of listing failures (homes that expired, canceled, or were withdrawn) in the Tallahassee MLS, and divide that number by the total number of new listings over the same period of time. Currently, the trend is at 72%, which while better than before, still isn’t very good if you want to sell a home. Even though the failed to sell rate continues to improve for home sellers, the fact is that nearly 3 out of every 4 home sellers are making it to the end of their listing period without achieving a sale on their home. Over time, these homes are just piling up in the shadow inventory and will eventually make it back to the market as increased inventory. We will c...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Tallahassee year over year home sales improved for a wonderful 6 out of the past 7 months, according to the newest real estate market data that I reviewed this morning. This report gives us a great perspective on the relative movement of the housing market over time. The real estate graph above is very simple. As each month is computed, it is compared with its corresponding month from the previous year (this April was compared to April 2009). If there were more home sales during the month this April than last, it will be reflected with a percentage growth above the zero line. If the contrary is true, it will show the percentage drop below the zero line. Now that we have posted gains for six out of the past seven months, we should be able to feel comfortable that the recovery is under wa...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Recently, a long-time reader from out of State (Robert) contacted me to ask for help. Robert had purchased a residential lot in Tallahassee with the intent of relocating to Tallahassee and building a home. With the turn of the economy, Robert believes that he might not be able to move here for another 3 to 5 years, so he asked me if he should sell or hold his real estate. My initial reaction was to ask if he thought he would ever move here. Robert indicated that with family in the area, he would still like to move here, but will have to wait for better economic times. I told Robert that I would take a look at the lot but believed that he was going to be better of just holding it until he was ready to build. The following case study demonstrates the process that I would encourage Robert ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Many people have opinions on the state of the housing market, but the easiest way to understand current and future conditions is to monitor the movements in the real estate absorption rate. Mathematically, this is the measurement of current housing supply divided by the current rate of sales, expressed in months of supply. A simpler way to express the definition of the real estate absorption rate is to say it is the number of months that the market will need for the foreseeable future. Thus, 17 months of supply would mean that at our current rate of sales, we have all the homes for sale in Tallahassee that the market needs for the next 17 months. So how do we put this into perspective. Consider this: The typical home seller would like to move within two to four months of placing their ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Choosing to sell a home “For Sale By Owner” is not working very well these days. I certainly understand wanting to save money. This is a very tough economy and every dollar matters to most families, so don’t for a second think that I don’t understand why somebody would try to sell a home without having to pay for a REALTOR. I get it. I understand. Trying to save money is wise, knowing how to do it might be a whole bunch tougher than some people might think. For our regular visitors here at the Tallahassee Real Estate Web Site, it is known that currently 73% of the homes that were listed for sale last year failed to sell. That’s right, 3 out of 4 home owners who thought they were going to sell their home ended up going the whole term of their listing agreement and failed to get a contrac...
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By Carol Palacios
(Century 21 Manausa & Associates)
Joe Manausa | Century 21 First Realty | 850.523.6118 7551 Preservation Rd, Tallahassee, FL 5BR/3BA Single Family House offered at $478,000 Year Built 2004 Sq Footage 3,332 Bedrooms 5 Bathrooms 3 full, 0 partial Floors 1 Parking 3 Car garage Lot Size .60 acres HOA/Maint $0 per month DESCRIPTION On 18 fairway, greenspace in back, lake view in front. Extensive multi-trey ceilings, 12 ft ceilings, hardwood in all rooms except 3 bedrooms. Custom maple cabinets, stainless appl. including gas stove, bread warmer and Corian countertops. Kitchen opens to family room with dual faced gas fireplace w/ many windows. Master has ornamental fireplace, large walk in his/her closets Jacuzzi tub, sep. shower. Competitively priced! Move-in ready! see additional photos below PROPERTY FEATURES - Central A/C...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  Golden Eagle Plantation is one of the Tallahassee neighborhoods that we review from time to time to get a feel of the movement of the higher end housing market in Tallahassee. Much like the other neighborhoods that we have reviewed, home values have fallen in Golden Eagle. With nearly 18 months of supply of homes for sale in Golden Eagle, you might think that this is a neighborhood that is really struggling to get by. Ironically, that is not the case. Compared with many other high value neighborhoods, Golden Eagle is doing pretty much the same, maybe even “less poorly.” High End Home Inventories Sky High The first thing that I look at each month as all the data from sales is collected is what effect recent sales have had on the relationship between supply and demand for housing in Tal...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
We must always remember that real estate is ruled by supply and demand, just as is every other commodity that is market driven. If one keeps a vigilant eye on the relationship between the supply and demand of homes for sale, then one should be able to clearly identify the near future movements of the the housing market. When I wrote an article on the supply and demand for housing in Tallahassee back in 2008, I forecast-ed dropping prices due to oversupply. This was not rocket science, just a simple study of housing inventories. Today’s post is somewhat more complex, but if you take the time to fully understand what it demonstrates, then you will truly understand why home values will continue to drop. This is not your typical “REALTOR” blog article, rather it is a fair and accurate anal...
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