Why are home prices in Tallahassee so high compared to other cities in Florida?

Homebuyinggu...
Home Buyer
Tallahassee, FL

A 1900 sq ft home in tallahassee can range from 200k . The same sq ft or larger in orlando or tampa in a nice neighborhood starts at 130k. Why is that?

In Texas I can get a 3000 sq ft home for 200k. Why is Tallahassee so high?

Answers (2)
Dunes
Both Buyer and Seller
Benton County, OR

Can't say I know but did find this blog interesting and it's about Tallahassee Fl.

Think you'll enjoy reading it. ... http://blog.manausa.com/2009/06/01/real-estate-fsbos/

It says things like .." So that means that 81% of people who hired a Tallahassee REALTOR® to sell their home failed to get the home sold during the listing period."

Maybe price is a problem?

Tue Jun 16 2009, 13:26
Tony Laudadio
Broker
Tallahassee, FL
FIRST ANSWER

Home Buying,
There are multiple reasons. Here's one explanation:
I think for the most part it's about the old theory of supply and demand. Tallahassee has a fairly strict and comprehensive land use plan and subsequently it is comparatively more difficult to do the large subdivisions you see in Orlando, Tampa, and other "sprawling" locations. This has had the effect of restricting the volume of growth and the cost of construction (land costs go up). When it is more difficult for developers to open up new subdivisions, the costs involved see their way to the homebuyer. It's the price we pay here for controlling sprawl. We all want to preserve the beauty of Tallahassee; we just have to find common ground between restricting growth and affordability.
Tony L, RE/MAX Gateway Executives, Tallahassee

Tue Jun 16 2009, 13:17

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