SCOTT BROUWER
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REAL ESTATE Revival Housing Market Continues Overall Recovery, With a Few Growing Pains By Audrey Post
TALLAHASSEE REAL ESTATE continues to rebound from the recession and accompanying This beautiful home on collapse of the housing market, with real estate Martin Hurst Road was a Gold Award winner for brokers and professionals in the construction Barton Construction in the trades hopeful the recovery will continue. 2014 Parade of Homes. “I feel a lot better about it,” said Joan Raley, a Realtor involved in both real estate transactions and property management. “I look at the recession as starting in 2007. Things started to turn five years later, in 2012, and then a little more in 2013. Last year was when we saw things starting to take off.” This year, family homes in the $150,000 to $250,000 price range are “moving nicely,” Raley said, with many sellers juggling multiple offers. The market for homes under $150,000 is also strong for both owner-occupied homes and investor purchases. “There’s a real need for mid-range family home rental property,” she said. House sales have steadily increased over the past four years. Citing statistics from the Multiple Listing Service, CATRS Inc. and Timberlane Appraisal, Raley said there were 2,234 closed sales in 2011, 2,392 in 2012, 3,005 in 2013 and 3,175 in 2,014.
TALLAHASSEEMAGAZINE.COM May–June 2015
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