Hi All,
It has been a while since I posted a Blog, and I apologize.
I hosted an Open House today in the Bull Run Subdivision in NE Tallahassee Florida.
I had between 15-20 groups come in between the hours of 12pm - 3pm. I am pretty sure this is an indication there are folks just like you and me who are interested in looking and are thinking about a Real Estate Purchase.
I was asked how our Local Real Estate Market is doing compared to 2007. So, I have done some research and here are the numbers from the Tallahassee Board of Realtors MLS. Since the Open House was in the popular NE, these number reflect the NE of Tallahassee.
Some of the popular subdivisions in the NE are Bull Run, Summerbrooke, Ox Bottom Manor, Golden Eagle, Piney Z, Killearn Lakes, Killearn Estates, Moore Pond, Rosehill, Highgrove, Lenox Mill, The Ravines, just to name a few.
Here are the numbers from the MLS for 2007 and 2008.
2007
Class | Bedrooms | Total Listed | Num Sold | Pct Sold | Avg List Price Sold | Avg Sale Price Sold | Sale Price/List Price Ratio | Avg DOM Sold | Avg List Price Unsold | Pct Expired |
All | All | 1,115 | 421 | 37.76% | $320,259 | $311,089 | 97.14% | 93 | $377,002 | 7.53% |
| RS | All | 1,115 | 421 | 37.76% | $320,259 | $311,089 | 97.14% | 93 | $377,002 | 7.53% |
2008
| Class | Bedrooms | Total Listed | Num Sold | Pct Sold | Avg List Price Sold | Avg Sale Price Sold | Sale Price/List Price Ratio | Avg DOM Sold | Avg List Price Unsold | Pct Expired |
| All | All | 807 | 238 | 29.49% | $325,292 | $310,689 | 95.51% | 101 | $367,345 | 12.39% |
| RS | All | 807 | 238 | 29.49% | $325,292 | $310,689 | 95.51% | 101 | $367,345 | 12.39% |
These numbers are interesting. I am curious to see how the Second Quarter of 2008 compares to the Second Quarter of 2007.
I look forward to your question, comments, suggestions, and other noteworthy verbal utterances.
Until Next Time!
Chris
850.545.9317 chris@bsbipartners.com
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