Special offer

Tallahassee, FL Real Estate News

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...
Comments 5
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,...
Comments 5
By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
30 Sand Pine Cir, Midway, FL Click here to Get Directions$290000 3 Beds - 2 Baths - 10890 sqft Lot Photos Maps & Local Schools Print 2 hr notice for easy showings** **Heated/Cooled space in garage not included in sq ftg and can easily be removed** This turnkey All Brick property seems to tick all the boxes for convenience and comfort. Its close proximity to the highway, as well as its short commute of roughly 25min to the Capital and FSU stadium, make it incredibly desirable location. And with the added bonus of savings on property taxes and utilities, it's not just a great home but also a smart investment. Plus, knowing that the HVAC system was replaced in 2014 and the property has only been owner-occupied adds to its appeal. Follow This Home
Comments 5
By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  The National Association of REALTORS® released its monthly spin on the market two days ago, and I am noticing a growing trend of careful omission that seems to extend from coast to coast. Apparently, everybody is just hoping the shadow inventory of homes is just going to go away. When reports and reporters talk about housing inventory levels, they need to address whether or not changing levels are caused by sales, or because of some other action. For example, if somebody plans on selling their home “when the market recovers,” aren’t they just “inventory in waiting?” In the February Existing Home Sales Report released by NAR on Tuesday, Lawrence Yun (Chief Economist for NAR) reported: The key test for a durable recovery comes in the next few months as the tax credit deadline approaches...
Comments 10
By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Chasing the market is a sales pricing method that is killing many of today’s homeowners, and they do not seem to understand why it is happening. I am hoping that with a few simple pictures, I can convey what is happening now in the Tallahassee housing market and how it can be prevented. “Hey Joe, let’s go ahead and try it at our price, we can always drop it down if it doesn’t sell.” Most people feel like they are not in a hurry to sell their home, so this statement is one that every REALTOR® has heard a million times. But there is major breach in logic that is occurring and must be addressed. The Tallahassee Housing Market Is Still Depreciating Home values are dropping in the Tallahassee housing market, so “waiting for later” is equivalent to “waiting until the home is worth less than ...
Comments 0
By Carol Palacios
(Century 21 Manausa & Associates)
Joe Manausa | Century 21 First Realty | 850.523.6118 2020-145 Continental Ave, Tallahassee, FL 2BR/1+1BA Condo offered at $80,000 Year Built 1967 Sq Footage 1,050 Bedrooms 2 Bathrooms 1 full, 1 partial Floors 2 Parking 4+ Uncovered spaces Lot Size Unspecified HOA/Maint $0 per month DESCRIPTION Premier University Location! 2 story townhome with both bedrooms upstairs. 2nd bedroom has private entrace for added privacy. All appliances included in sale. Very motivated seller. Please provide 24 hour notice for showings- contact LA to schedule. see additional photos below PROPERTY FEATURES - Central A/C - Central heat - Tile floor - Living room - Dining room - Dishwasher - Refrigerator - Stove/Oven - Washer - Dryer - Balcony, Deck, or Patio COMMUNITY FEATURES - Laundry on-site - Swimming poo...
Comments 0
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.   Closed Home Sales Keep Rising When we view recent closed home sales in Tallahassee (above), we get a much clearer picture of the market bottoming out in August of last year near 6 home sales per day, as well as the climb back to where we are almost at 7 closed home sales per day. While 1 home per day does not seem like much, it is a 17% increase since August of last year! Long Term ...
Comments 0
By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
We have just completed a major step in bringing the Tallahassee Subdivision Resource Page online and owe a big “Thank You” to our Lindsey Mills for grinding through the most difficult part of the programming. If you have not had a chance to check it out, please check it out as we feel it already is the best singular information source for Tallahassee Subdivisions and Neighborhoods that is available on the internet. And thanks to Lindsey it is getting better every day!   Ten Top Subdivision Examples Articles Homes For Sale Videos And Reviews Killearn Lakes Killearn Lakes Listings Killearn Lakes Videos Southwood Southwood Listings Southwood Videos Killearn Estates Killearn Estates Listings Killearn Estates Videos Killearn Acres Killearn Acres Listings Killearn Acres Videos Piney-Z Piney-Z...
Comments 0
By John Stehmeyer
(Riverking Custom Painting)
While homeowners often hope they can put off repainting their homes just one more year, such procrastination can end up being a costly decision in the end. An excessively wet winter, for instance, will increase paint failure, damage to siding, and internal water damage, that can require far more expensive repairs in the long run.
Comments 0
By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Home sales in Golden Eagle, as this report will show, demonstrate the importance of having a neighborhood expert evaluating market activity. One large sale in Golden Eagle has skewed the averages so much that a computerized valuation would most likely mislead you into believing the market was behaving differently than it actually is. Existing home sales in Golden Eagle have dropped below 2 per month and are down 77% since the top of the market in November of 2005, when we saw more than 8 homes selling each month. Home values are down 23% since the peak, but values have been fairly stable since August of last year. Home Sales In Golden Eagle In the real estate graph above, the blue bars show the average number of homes sold (annualized) each month, while the red line measures the average...
Comments 0
By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Average home prices continue to fall in Tallahassee, perhaps a sign that the Homebuyer Tax Credit is stimulating the market more actively in median price homes than in the higher price ranges. Through February, the average price of a home sold was $164K, which is $2000 less than the average home price in 2004! In the real estate graph above, the green bars represent the overall average residential sales prices each year in Tallahassee, while the red bars represent average existing home sales prices, and the blue bars are for new home sales. It is interesting to see that builders have adapted to the market, with the average new home sales price falling back to 2000 levels. Often times, we see real estate reports that mistakenly correlate real estate depreciation and appreciation to the m...
Comments 0
By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
When we look at residential sales trends in Tallahassee, the signs are VERY CLEAR in how 2010 is going to proceed for home sellers. There are parts of real estate cycles that can be confusing, but there are also segments of the real estate cycle that is very clear and easy to forecast. This is one of those times when the “writing is on the wall.” Yesterday, we provided a real estate market snapshot on average home prices in Tallahassee which showed that the average home price had fallen to levels last seen at the beginning of 2004. Today, we are going to look at residential sales trends to see current pricing movement as well as why the market is behaving the way that it is. Residential Sales Trends: Lower Prices Bring Higher Sales Volume What we are seeing in the real estate graph abov...
Comments 0
By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
When I discuss the techniques used in selling a home with new home sellers, most are curious about my opinion on open houses. For those readers who missed my past article on real estate open houses, I addressed conversation rates and REALTOR® motivation for conducting them. But what about the relevance of holding an open house in 2010 and is it really necessary in the process of selling a home? Understanding The Home Buyer's Process The greatest lesson that I have learned in business is that if you want to understand "how to do something right," then you ought to look at the problem from the vantage point of the consumer. In this case, I think you need to understand what today's home buyers are doing to find potential homes to buy,  and then determine how holding open houses might fit i...
Comments 8
By John Stehmeyer
(Riverking Custom Painting)
In some instances, doing things yourself can save money and time, but not when it comes to important home maintenance like pressure washing. It's far cheaper to hire a professional business to do your home's pressure washing, as you won't need to buy the special equipment they use to get it done. Pressure washing if not handled properly can cause serious damages to your property or worse your children or pets. Using a professional pressure cleaning service also saves time, as you won't have to spend hours doing it yourself. Finally, the results will last much longer. Tallahassee's RiverKing Custom Painting
Comments 0
By John Stehmeyer
(Pro Players Realty)
FICO Score: FICO is an abbreviation for Fair Isaac Corporation and refers to a person’s credit score based on credit history. Lenders and credit card companies use the number to decide if the person is likely to pay his or her bills. A credit score is evaluated using information from the three major credit bureaus and is usually between 300-850. “A” Loan or “A” Paper: a credit rating where the FICO score is 660 or above. There have been no late mortgage payments within 12 months. This is the best credit rating to have when entering into a new loan. “B” Loan or “B” Paper: FICO scores from 620-659 Factors include two 30 day late mortgage payments and two to three 30 day late installment loan payments in the last 12 months. No delinquencies over 60 days are allowed. Should be two to four y...
Comments 0
By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
New home permits and sales levels are at historic lows in Tallahassee. It is imperative that we monitor the production of new housing units, as the glut of homes needs to be consumed and new homes being built only lengthens the recovery time in the market and puts pressure on pricing. I was recently sent a quote from Warren Buffett, who in his annual letter to shareholders addressed the national housing situation in one of his comments. Here is what the "Oracle of Omaha" had to see about consuming the glut of homes: “There were three ways to cure this overhang: (1) blow up a lot of houses, a tactic similar to the destruction of autos that occurred with the “cash-for-clunkers” program; (2) speed up household formations by, say, encouraging teenagers to cohabitate, a program not likely to...
Comments 8
By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
From time to time, we like to take a close look at home sales in Piney-Z in Tallahassee. Today, we’ll take exert some extra effort in the pursuit of quantifying the amount of depreciation that has occurred in Piney-Z, as well as studying the average sales price of homes that have recently sold there. Of course, if you are interested in seeing homes for sale in Piney-Z, we also can send you there. The real estate graph above shows each home sale in Piney-Z over the past twelve months, with the most recent on the left. The red bars measure total real estate depreciation (appreciation for three of them), while the blue bars measure how long each home was owned by the seller. The most recent sales in the past three months are averaging 18% depreciation. Piney-Z Home Sales Over Past 12 Month...
Comments 4
By John Stehmeyer
(Pro Players Realty)
Over the next few years, a wave of Tallahassee commercial real estate loan failures could threaten an already-weakened financial system. So warns a new report from the Congressional Oversight Panel as part of its oversight of the Troubled Asset Relief Program, highlighting yet one more hurdle for this country’s fragile economy. The panel, chaired by Harvard law professor Elizabeth Warren, says it remains “deeply concerned” that commercial loan losses could jeopardize the stability of many banks, particularly the nation’s mid-size and smaller banks. Read the 183-page report for yourself here. Worries about CRE loans — those loans taken out by developers to purchase and maintain shopping malls, offices, hotels, and apartments — have been simmering for months, as we noted in an October art...
Comments 2
By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
The 2010 Census is in the mail, and your Country needs you to take part. It only takes a few minutes for you to fill out the Census data and return it in the mail, so please do your part! Tell us how many people in your home are part of the Tallahassee population. So why does a real estate broker (real estate blogger) care about the 2010 Census? Because Census data is so important to predicting the housing market changes that will occur in the near future. If you did not see our popular blog post that links home sales to population size, then I would encourage you to give it a read. Have you noticed our new blog subscription button? It’s that “orange thing” over there on the right and it allows our readers to receive the Tallahassee Real Estate Blog by email each time it is posted. It o...
Comments 4
By Carol Palacios
(Century 21 Manausa & Associates)
Joe Manausa | Century 21 First Realty | 850.523.6118 2525 Hartsfield Rd #16, Tallahassee, FL 3BR/3BA Condo offered at $105,000 Year Built 2002 Sq Footage 1,238 Bedrooms 3 Bathrooms 3 full, 0 partial Floors 2 Parking None Lot Size Unspecified HOA/Maint $0 per month DESCRIPTION Don't like over crowed subdivisions well Welcome to Hartsfield Place Condo! This community only has 30 condos and it is FHA approved. No need to worry about lawn work that's covered by the HOA fees under exterior maintenance as well as the common area, insurance, road maintenance, street lights, termite bond and trash/garbage pick up. All appliances stay to include washer, dryer, refrigerator, microwave, range and dishwasher. Each bedroom has its own full size bathroom and kitchen pantry is very large. Less then a...
Comments 0
By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
In case you weren’t keeping an eye on the Market Reports page of the Tallahassee Real Estate Web Site, the new Tallahassee Home Inventory Report has been posted. This is a section of the web site dedicated to reporting “the numbers” as they occur. You might want to check out many of the daily reports that get posted there. As far as the numbers go, we have been observing higher home inventory levels. Since January, homes coming onto the market outpaced homes leaving the market by a whopping 313 homes, a 14% increase in just two months. While many homeowners annually choose this time of year to enter the market to sell their home, this year it coincides with a recovery that was starting to gain some momentum. The red line in the real estate graph above shows that the inventory of single ...
Comments 2
By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
In case you weren’t keeping an eye on the Market Reports page of the Tallahassee Real Estate Web Site, the new Tallahassee Home Inventory Report has been posted. This is a section of the web site dedicated to reporting “the numbers” as they occur. You might want to check out many of the daily reports that get posted there. As far as the numbers go, we have been observing higher home inventory levels. Since January, homes coming onto the market outpaced homes leaving the market by a whopping 313 homes, a 14% increase in just two months. While many homeowners annually choose this time of year to enter the market to sell their home, this year it coincides with a recovery that was starting to gain some momentum. The red line in the real estate graph above shows that the inventory of single ...
Comments 2
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
Explore Tallahassee, FL
Tallahassee, FL Real Estate Professionals