house: How To Define A Balanced Real Estate Market - 02/18/11 06:27 AM
 
Real estate professionals seem to be in a agreement that a balanced real estate market occurs when the relative supply of homes reach a 5 or 6 month level. Currently, there are about 2,300 homes for sale in Tallahassee (MLS real supply) and last year, just under 2,300 homes were sold in the Tallahassee MLS during the year, thus we can measure the “relative supply” of homes to be about 12 months.
Recently, a reader from Montreal, Qc., Canada wrote me with a few questions about the basis of using 5 to 6 months as the measure of a balanced … (10 comments)

house: How To Determine Changes In Real Estate Demand - 07/02/09 02:30 PM
Have you ever seen something that is so extreme that you think to yourself that you are truly witnessing something remarkable? No, I don’t mean have you seen UFOs flying over the back of your home or Big Foot running through the neighborhood, rather I’m talking about certain market conditions that defy all historic norms and trends.
Below is a real estate graph depicting the 365 day trend of daily home sales in Tallahassee going back to 1991. What this means is that each point on the graph represents one full year of sales (divided by 365 days) to generate a … (0 comments)

house: Doesn't That Come With The House? - 06/17/09 10:16 AM
It seems that the best real estate blog articles are born from the comments and questions of the readers and subscribers. It makes sure that the content is not only fresh, but it is also based upon the current interests of people active in the Tallahassee real estate market.
Recently, a reader had a question about an offer she is making which concerned the difference between an offer and a real estate contract. She asked:
When we looked at the house we put an offer on, the seller’s disclosure indicated that, among other things, the washer and dryer conveyed with the … (4 comments)

house: How Real Estate Appreciation Should Be Measured - 05/13/09 06:02 AM
Last week, I wrote a blog about real estate appreciation that generated a lot of emails to our office. People wanted to know if we could provide a little more analysis of what the Tallahassee real estate market has done, in terms of appreciation and depreciation. So, I thought about it this weekend and came up with the following analysis. I would greatly appreciate any comments following this blog for feedback (scroll all the way down to the bottom of the page).
If you recall, regarding the best way to measure real estate appreciation, the Tallahassee Real Estate Blog wrote:
Using … (2 comments)

house: New Home Sales In Tallahassee With Historic Graph - 05/05/09 08:57 AM
 
As most of our analysis of the Tallahassee housing market focuses on inventory (and specifically supply and demand of homes for sale in Tallahassee), we must always keep a vigilant eye on the state of the new home construction market in Tallahassee.
Each month, we record the number of new single family building permits issued in Tallahassee (Leon County) in order to see what kind of effect new homes will have on the market.
See The Tallahassee New Home Construction Graph … (2 comments)

house: Discover How To Find The Absolute Bottom Of THe Real Estate Market - 04/15/09 05:27 AM
Just a reminder that the Tallahassee Real Estate Newsletter was mailed to subscribers on Monday morning. If you have not yet subscribed, you can do so at the end of this article. It is easy and does not even take a minute to subscribe to the Tallahassee Real Estate Newsletter.
One of the interesting real estate graphs that we observe on a daily basis has the one year inventory trends for single family homes, condominiums and townhouses in the Tallahassee real estate market. These trends, or specifically the close monitoring of these trends, should lead us to the discovery of the … (2 comments)

house: How To Make Your Offer To Buy Real Estate - 03/27/09 09:59 AM
I was talking with a Tallahassee REALTOR® yesterday and we were discussing an offer he had just made on a foreclosure offering in Tallahassee. We discussed strategy for making an offer to a bank (the home had been foreclosed upon and was for sale by the bank that held the financing on the home) and how the strategy had to be different than when making an offer to a typical homeowner.
Regardless of who is receiving the offer, there is a definite plan one should follow if attaining the property at the best price is the primary goal. Too often, I … (0 comments)

house: Prelude To A Tallahassee Real Estate Recovery - 03/25/09 05:59 AM
 
I was having a discussion about the state of the Tallahassee real estate market with a longtime friend yesterday. He had seen the Existing Home Sales report for both the U.S. as well as for the State of Florida.
The first thing that caught his eye was the national report, which showed that the sale of existing homes sold at a seasonally adjusted rate of 5.1%, far higher than most analysts expected.
Then, he viewed the Florida Association of REALTORS® Single Family, Existing Home Report and saw that we experienced a year-over-year growth of 20% in the number of homes … (0 comments)

house: Distressed Properties Begin To Flood Market - 03/23/09 01:23 PM
 
Every month, we update our Distressed Properties Page on the Tallahassee Real Estate Web Site with all the new lis pendens filings in order to see how the distressed properties are affecting the Tallahassee housing market. Unfortunately, both lis pendens filings as well as foreclosures in Tallahassee are on the rise.
Today, we’ll take a look at two real estate graphs that demonstrate the growth of lis pendens and foreclosures in Tallahassee. We have observed lis pendens rising for quite some time, now we’re finally seeing the foreclosures following suit. Read the rest of this entry
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house: Competition Is Heating Up In Real Estate - 03/20/09 06:14 AM
 
If you have a home for sale in Tallahassee, you better understand what you are up against. As we saw in yesterday’s February Housing Report, prices are dropping in the Tallahassee real estate market. Today, I will address a few thoughts from the comments that I am hearing from frustrated homeowners in our market.
Just as a quick reminder, the Tallahassee Real Estate Newsletter will be published and distributed again on Monday next week. We only send our newsletter to subscribers, so subscribe today!

Read the rest of this entry
(0 comments)

house: 17 Graphs Depict Slowing Real Estate Market - 03/18/09 05:59 AM
 
The February real estate sales data has been tabulated and the results have been posted on the Tallahassee Real Estate Web Site. As we predicted last month, February marks the 32nd consecutive month of declines in units sales and we are now starting to see significant drops in pricing. Make sure you check out the second graph which shows the average price of a home in Tallahassee has dropped into the mid $180s. Below are 16 different graphs which you can see in a larger format by clicking the link below them. Each link takes you to  further analysis of … (4 comments)

house: Home Inventory Report By Area Shows What's Hot And What's Not - 03/17/09 06:54 AM
 
Every month we pull all the data from the Tallahassee Board of REALTORS® Multiple Listing Service (MLS) in order to determine the months of supply of homes, by price range. This report is a great snapshot that is valuable to people who want to buy a home in Tallahassee as well as to people who want to sell a home in Tallahassee. Think of this as the “competition report” for each price range.
Each area of Leon County (Tallahassee Real Estate Market) is broken down by homes for sale and homes that have been sold. The report shows new home … (0 comments)

house: Are You Tracking These Key Housing Trends? - 03/03/09 08:10 AM

If you are truly interested in keeping tabs on your local housing market, there are some key trends I would recommend that you add to your daily observances. By viewing these on a regular basis, you’ll know what is happening before anybody else.
See Enlarged Graph And Detailed Explanation
(0 comments)

house: Real Estate Forecast With A 99% Confidence Level - 03/03/09 05:18 AM
In case you have not heard, we published our 3rd Edition of the Tallahassee Real Estate Newsletter. If you are not already on our exclusive subscription list, you can join for free in the form http://www.manausa.com/market-newsletterhome.php. All it takes is a name and an email, and you’ll receive the most analytical report of the Tallahassee real estate market that can be found.
I will start today’s blog by saying you will want to bookmark this page immediately. In January of next year, when the 2009 home sales numbers have been posted,  you will be able to come back here in order … (2 comments)

house: Pre-Approved Short Sale In Tallahassee - 03/02/09 07:09 AM
So you’re interested in buying a home in Tallahassee and you start to do your research. If you are like 92% of homebuyers in the United States, you start your search on the internet. You most likely find the best place on the internet to view Tallahassee homes for sale and you start your hunt for the perfect Tallahassee home.
After hours of looking at all the pictures of homes for sale in Tallahassee, you come across what appears to be your perfect home. You see a house that is both exciting as well as aggressively priced. In bold headlines it … (0 comments)

house: Real Estate Market Sees Small Trend Shift - 02/28/09 09:53 AM
 
One key trend to pay attention to in any local real estate market is the movement of the sales success trend. What this measures is the total number of home sold divided by the total of homes listed (put on the market) during the same period of time.

Continued Here For Brief Explanation of the Graph
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house: Critical Real Estate Inventory Report Keeps You Informed - 02/28/09 09:31 AM
Keeping a watchful eye on home inventory trends in your local real estate market will allow you to be one-up on your competition, whether you are selling a home, buying a home, or work in the real estate brokerage business. The following real estate graph shows short-term trends and the long-term trend on home inventory in the Tallahassee real estate market.

Continue Here For Brief Explanation Of Inventory Graph … (0 comments)

house: Most Of Florida Real Estate Markets Rebounding - 02/27/09 05:51 AM
Five months in a row we have seen year over year home sales improve in Florida. This is good. This is wonderful. But this has not yet made it uphill to Tallahasseee. Last week we reported in the Tallahassee Real Estate Blog that Tallahassee had just experienced 31 straight months of year-over-year declines in home sales.
Tallahassee has always seemed to lag the rest of Florida in the housing market. In 2006, when other markets were reporting incredible drops in home sales, Tallahassee was still holding on to remnants of the boom market. I remember thinking “our market is more stable … (0 comments)

house: Have A Clear Understanding Of Current Real Estate Market Conditions - 02/25/09 07:55 AM
 

Everybody always wants to know “How is the real estate market?” I think the answers can be found through prudent research and a simple study of the current supply and demand elements in any given market. While real estate is local, you can use the Tallahassee real estate market as a fair microcosm of the national housing market.
You can read The Market Bulletin for updates a couple a times a week, where you will find analysis and great visual aids such as the following real estate graph. Please note in the graph that the information represents a “trailing … (2 comments)

house: How To Pick The Right Neighborhood For Your Family - 02/24/09 06:06 AM
 
I received a question from a reader that I felt would make a terrific topic for a blog post. “Joyce M.” wrote
We will be looking to buy later this year sometime and don’t want to over-pay. Property taxes are not low in Tallahassee. What are the best neighborhoods [safety, value, upscale] for homes $300,000-$325,000 range built after 2000 with gas fireplace, and about 2000-2300 sq ft; thanks.
As you can tell, this is not a simple “quick answer” type of question, and it parallels a question I received recently from a long-time friend who wondered what area of Tallahassee … (2 comments)

 
Joe Manausa, Tallahassee Real Estate (Century 21 Manausa and Associates) Rainmaker large

Joe Manausa

Tallahassee Real Estate

Tallahassee, FL

More about me…

Century 21 Manausa and Associates

Address: 1140 Capital Circle SE #12A, Tallahassee, FL, 32301

Mobile: (850) 366-8917

Office: (850) 386-2001

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