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Tallahassee, FL Real Estate News

By Carol Palacios
(Century 21 Manausa & Associates)
Joe Manausa | Century 21 First Realty | 850.523.6118 6804 Day Star Court, Tallahassee, FL 3BR/2BA Single Family House offered at $239,900 Year Built 1992 Sq Footage 1,626 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 1 Parking 2 Car garage Lot Size .63 acres HOA/Maint $0 per month DESCRIPTION Great split plan on Lake Kilkee with dock. New flooring, updated kitchen and baths. Screened porch with fabulous yard. Quiet street. Irrigation and security systems. Did you see the schools?? see additional photos below PROPERTY FEATURES - Central A/C - Central heat - Fireplace - Hardwood floor - Family room - Dishwasher - Refrigerator - Stove/Oven - Microwave - Balcony, Deck, or Patio - Yard ADDITIONAL PHOTOS Photo 1Photo 2Photo 3Photo 4Photo 5Photo 6 Contact info: Joe Manausa Century 21 First Re...
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By Carol Palacios
(Century 21 Manausa & Associates)
Joe Manausa | Century 21 First Realty | 850.523.6118 260 Timberlane Rd, Tallahassee, FL 3BR/2BA Single Family House offered at $185,000 Year Built 1982 Sq Footage 1,588 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 1 Parking 2 Car garage Lot Size .29 acres HOA/Maint $0 per month DESCRIPTION Well maintained home in conveniently located Lakeshore Estates. Home in move in condition and feautres laminate wood flooring, private backyard with deck, split bedroom plan. tons of speace for a growing family or for those who love to entertain. Vacant with LB. Motivated Seller! see additional photos below PROPERTY FEATURES - Central A/C - Central heat - Fireplace - Family room - Living room - Dishwasher - Refrigerator - Stove/Oven - Washer - Dryer - Laundry area - inside - Balcony, Deck, or Patio ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  For those of you who like to carry a one-page summary of the current supply and demand report for Tallahassee housing, you can download this report from the right sidebar of the Tallahassee Real Estate Blog. It looks like the picture on the right and you only need to click the top link. Every month I post the updated report at this location. Relative Home Supply Dropping! As we have discussed often in the past, there exists a glut of homes for sale in Tallahassee. The Home Inventory Reports tell us not only how many homes are available (real home supply), but they also show home availability in terms of months of supply (relative home supply). Both real and relative home supply dropped again during the month of October by just over 1/2 months of supply. Currently, Tallahassee has 13.7...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Like many people who live in Killearn Lakes Plantation, I’ve discovered a great little neighborhood (56 homes) that joins Killearn Lakes to Bannerman Road. It’s called Sable Chase and it is relatively new, with new home sales that started just five years ago. Unlike some of the larger subdivisions in Tallahassee for which we report, Sable Chase has fewer than 1 home sold each month, so the trends are not as clear to see. The key to trend reporting is to have enough sales (liquidity) that you can draw clear conclusions from the data. With fewer than 1 sale per month, we see quite a bit of “noise” in the data. In the real estate graph above, the vertical blue bars show the average number of homes sold in Sable Chase each month, while the red field represents the average price trend. Like ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Tallahassee has quite a few golf courses and most of them have neighborhoods that are built around and through the golf courses. In the northeast quadrant of Tallahassee, you can find the Summerbrooke neighborhood which is also built around a locally developed golf course. The Tallahassee Real Estate Blog often visits Summerbrooke in order to keep our readers informed of the activity in the housing market. As we have seen (and reported) in the past, Summerbrooke home sales continue to be affected by the market as much as any other neighborhood in Tallahassee. Summerbrooke Home Sales Stabilizing At 2 Per Month When we measure the trend of recent home sales in Summerbrooke, we can see the market has plummeted 63% from the peak when more than 6 resale homes per month were selling. It appe...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  Every time I do a Tallahassee neighborhood report featuring Piney-Z, it seems like my comments and email go from positive to negative. I have even been accused of “bashing” the Piney Z Subdivision (as if I hold a grudge against a community???). Certainly, that is not the case. Piney Z is a very desirable neighborhood located in Northeast Tallahassee, with home prices about 20% above the median for our county.  I try to do regularly updates for many of the more active neighborhoods in Tallahassee, and Piney Z falls into this category. Monthly Resales Stabilizing In Piney Z This first real estate graph features existing home sales (resales) in Piney Z, with all of the non “arms length” sales removed. It is the clearest reflection of regular market activity in the past. When you look to ...
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By Carol Palacios
(Century 21 Manausa & Associates)
Joe Manausa | Century 21 First Realty | 850.523.6118 3303 Sugar Berry Way, Tallahassee, FL 3BR/3BA Single Family House offered at $88,500 Year Built 2005 Sq Footage 1,338 Bedrooms 3 Bathrooms 3 full, 0 partial Floors 2 Parking None Lot Size Unspecified HOA/Maint $0 per month DESCRIPTION Investors Dream! Townhouse needs serious cosmetic repairs and has been priced accordingly. Spacious unit ideal for student rentals. Selling "as-is." Short sale - owners ready to sell today! Call Listing Agent for more specifics. see additional photos below PROPERTY FEATURES - Central A/C - Central heat - Living room - Dishwasher - Refrigerator - Stove/Oven ADDITIONAL PHOTOS Photo 1Photo 2Photo 3Photo 4Photo 5 Contact info: Joe Manausa Century 21 First Realty 850.523.6118 For sale by agent/broker Equal O...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  I am always looking for ways to discover earlier signs of impending movements in the Tallahassee real estate market. The key to forecasting the future is knowing the “natural order of things” and then looking for the first signs of the first steps in the process. The best forecasters build models, based upon the end-state that they are seeking, and them work them backwards, always seeking for clues of earliest signs. For example, we could create a simple model like this: Home Sales In Tallahassee This shows the hierarchy of what must occur for us to see a turn in the housing market. We are seeking year-over-year increases in home sales. Currently, our housing market activity roughly down 34% from where it “normally” is and over 60% down from the top of the market. The following real e...
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By Eva Armstrong, Environmental Visions
(Environmental Visions)
Imagine - five bedroom home, 2500 sq ft, on beautiful 2.4 acres, new roof, recent updates for only ----    $209,000!!!  and within 15 minutes of downtown Tallahassee, Florida!                                                                                                         4223 Louvinia Drive  MLS #198336 Yes, it is a Short Sale - bank is a local lender and price pre-approved.  The staff has been very responsive and will be timely in reviewing offers received. Recent upgrades include: Roof - 2008 Kitchen Stainless Steel Appliances - 2007                              Kitchen Granite Countertops- 2007 Water Heater - 2008 HVAC - 2007 Interior painted Separate Living Room/Dining Room and a Family Room with large stone fireplace, this is the perfect house for a family with kids-- plent...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  Anybody who knows me will tell you that I am an Army Football fan. I played for Army in the 1980s and I attend their annual football team reunion up at the academy each year. Recently, I had a conversation with a friend who is also a fan, but is (I believe) a little biased when reporting how well a team with a 3-5 record is really doing. Army played Rutgers this past Thursday night, but I did not watch the game. The next morning I read that we had lost the game, so I called my friend to see how the team had performed. Our Conversation Me: So did you watch the game? Him: Yes! Man we had it right in our hands. Me: Really? Him: Yeah, we really looked strong. We took the opening drive and shoved it right down their throat. We ran 11 plays and scored a touchdown. We were dominating. Me: Oh...
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By Jane Peterson
(Alliluja)
Great single family home in one of the best Tallahassee, Florida neighborhoods.  Best elementry, middle and highschool school district.  Beautiful Florida room and beautiful large fron and back yard.  Rent to own is also considered.  Owner will negociate on the selling price. To directly access this property, use this shortcut: http://www.fizber.com/florida-buy-single-family-home-11648563.html
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By Carol Palacios
(Century 21 Manausa & Associates)
Joe Manausa | Century 21 First Realty | 850.523.6118 3525 Lands Ends Lane, Tallahassee, FL 3BR/2BA Single Family House offered at $155,000 Year Built 2003 Sq Footage 1,249 Bedrooms 3 Bathrooms 2 full, 0 partial Floors Unspecified Parking 1 Car garage Lot Size .28 acres HOA/Maint $0 per month DESCRIPTION SHORT SALE! All offers pending lien holder's approval. "As Is' sale-Absolutely gorgeous home on beautiful private larger lot on culdesac. Backs up to green space. Wonderful front porch & high ceilings. Gorgeous rich wood gleaming floors in living, dining & hallways! Classy 20" ceramic tile floors in kitchen & baths - Huge master suite! Currently leased until November 30th. Please contact tenant with 24 hr notice. see additional photos below PROPERTY FEATURES - Central A/C - Central heat...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
The newest home sales numbers are showing that Southwood is finally showing signs of stabilization, mostly in the number of homes sold though average home price drops seem to have slowed as well  If you are a regular reader of the Tallahassee Real Estate Blog, then you know that we have reported on the Southwood Subdivision in Tallahassee for several years now, and have not been seeing much good at all. While it is way too early to that a bottom is in sight for Southwood, I would think that it will all depend on new construction levels over the next 12 months. Currently, there are about 9 months of supply of homes for sale in Southwood in the $200K – $300K price range. If builder activity remains low, it should hit a stable level of 6 months of supply sometime early in 2010. New Home C...
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 Time is really running out!  If you have been thinking about utilizing the $8,000 tax credit and have heard it might be extended, don't be fooled.  Hopefully you have heard about the"one in hand?" There may or may not be a renewal, but one thing is certain...YOU NEED A PLACE TO LIVE!  It will be difficult, but if you ask thisTallahasse Realtor you need to get your new home under contract this weekend.  Closing time frames have only increased and it will not be easy to close before November 30th, but there is still time if you act today.  Remind yourself of these truths... -I do not know what the stock market is going to perform. -I do not know what interest rates are going to do. -I do not know how the commodities markets are going to perform. I DO KNOW THAT I NEED SOMEWHERE TO LIVE AN...
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By Carol Palacios
(Century 21 Manausa & Associates)
Joe Manausa | Century 21 First Realty | 850.523.6118 1812-F W Tharpe St, Tallahassee, FL 1BR/1BA Single Family House offered at $56,500 Year Built 1983 Sq Footage 630 Bedrooms 1 Bathrooms 1 full, 0 partial Floors 1 Parking None Lot Size Unspecified HOA/Maint $0 per month DESCRIPTION Priced to sell - bring all offers! Great investment purchase particularly in this location! Perfect for a frist time buyer. Move in ready--- great shape. HOA replacing roof. Vacant - lock box - check it out!!! see additional photos below PROPERTY FEATURES - Central A/C - Central heat - Living room - Dishwasher - Refrigerator - Stove/Oven - Microwave - Washer - Dryer - Laundry area - inside - Balcony, Deck, or Patio ADDITIONAL PHOTOS Photo 1Photo 2Photo 3Photo 4Photo 5Photo 6 Contact info: Joe Manausa Centur...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Many people would argue that the Tallahassee Board of REALTORS® Contract for Sale and Purchase is the best document of its type in use in the State of Florida. While many housing markets in Florida use a different contract for the purpose of selling real estate, ours if considered the cream of the crop (at least by us Tallahasseans!).When looking at the contract used to buy and sell real estate in Tallahassee, one paragraph in particular demonstrates the effectiveness of the form versus all other rivals, and that is the paragraph dedicated to Wood Destroying Organisms (formerly called the “Termite” paragraph). Sometimes we find that home buyers and home sellers are a little confused about how Wood Destroying Organisms (WDO) are handled when found in a home inspection, so I thought I wou...
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By Carol Palacios
(Century 21 Manausa & Associates)
Details Photo Gallery View Rooms 32305-Tallahassee (Unnamed Areas) MLS #200538 FOR SALE$68,500 Century 21 First Realty Joe Manausa - Tallahassee Real EstateEmail Joe Manausa - Work: 850-386-2001Cell: 850-523-6178Fax: 850-383-6400 More Photos(9) 1 Quick Links Virtual Tour Request More Info Email Listing More Photos(9) Details ...
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By Carol Palacios
(Century 21 Manausa & Associates)
Details Photo Gallery View Rooms 32303-Tallahassee (Wellington Place) MLS #200473 FOR SALE$32,900 Century 21 First Realty Joe Manausa - Tallahassee Real EstateEmail Joe Manausa - Work: 850-386-2001Cell: 850-523-6178Fax: 850-383-6400 More Photos(6) 1 Quick Links Virtual Tour Request More Info Email Listing More Photos(6) Detai...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
 One reader provided an interesting observation about our graphing and charting techniques here on the Tallahassee Real Estate Web Site. This reader wanted to know why we relied so heavily on real estate one-year trend charts, as opposed to non-trended data graphs. Specifically, the reader asked So much of your data focuses on 365-day analysis. Given the dynamics of real estate today, it would be nice to have monthly information as well. I understand seasonality makes it hard to compare between months. But sometimes it’s just nice to know what is actually selling and what isn’t in the current market. I am envisioning something like your inventory report, showing for the past month the number of condos/THs that sold and the number of single-family detached homes that sold. Sales data by ...
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The Tallahassee Board of Realtors (TBR) has just made several changes to the standard real estate contracts approved by the board for use in the Tallahassee area.  Many of the changes can best be described as house keeping, but several significant changes have occurred. First, the old contract allowed 10 day periods for items like finalizing financing, home inspections, wood destroying organism (WDO) inspections etc.  These have all changed to 15 days.  This is terrific for home buyers and a little disconcerting for home sellers.  At this time, for all practical matters, when a contract moves to a status of contingent it is essentially off the market.  There is so much inventory, most Realtors will not include contingent properties for their prospective buyers.  So, now instead of selle...
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