7 Oaks Home Sales Continue Decline

Posted by Joe Manausa on Friday, November 13th, 2009 at 1:00pm.

home for sale in 7 Oaks in Tallahassee FloridaHome sales in 7 Oaks (Killearn Lakes Unit 3) continue their steady decline from the height of the boom market several years ago. Consisting of 3 and 4 bedroom, single-family detached homes, Seven Oaks has been a very popular family neighborhood in Killearn Lakes for the past 20 years.

This seems to be a fairly consistent theme as we perform more of our Tallahassee Neighborhood Reports, both average home prices dropping as well as signs of roughly 20% depreciation in home values since the top of the market.

Killearn Lakes Unit 3 Home Sales Decline 71%

More and more, we see the number of homes sold in a Tallahassee Subdivision down well over 60%, and in the case of Seven Oaks, home sales are down 71% since the peak of the market. With less than 2 homes sold each month (current trend), it sure is a far cry from when more than 5 homes per month were selling at the beginning of 2007.

What is the average price of a home in 7 Oaks in Tallahassee Florida

Home Values Decline 21% In Seven Oaks

The level of real estate depreciation in 7 Oaks is consistent with the rest of Killearn Lakes in Tallahassee, but it sure is a problem for those of us who live out there. If somebody purchased a home (or refinanced one) at the height of the market in March of 2007, we might have a long way to go before we can sell it and have any equity in the home.

Right now, home values in Killearn Lakes Unit 3 are similar to how they were valued in the beginning of 2004 (meaning most likely you need to have purchased prior to 2004 to have any equity).

What is the average price per square foot of a home in 7 Oaks in Tallahassee Florida

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Recent Home Sales In Killearn Lakes Unit 3

Parcel Address Price SqFt HC Sale Date
11104 WILDLIFE TRL $300,000 3343 10/8/2009
11100 WILDLIFE TRL $207,500 1766 9/30/2009
1524 COPPERFIELD CIR $275,000 2319 8/28/2009
11062 WILDLIFE TRL $238,000 2139 7/31/2009
9912 BEAVER RIDGE TRL $293,000 1902 7/15/2009
9912 BEAVER RIDGE TRL $293,000 1902 7/15/2009
11116 WILDLIFE TRL $235,000 2037 7/10/2009
1813 LOG RIDGE TRL $195,000 1561 6/29/2009
9908 TURTLE DOVE $180,000 1344 6/19/2009
1620 CHADWICK WAY $250,000 1891 6/10/2009
9912 TURTLE DOVE $235,000 2177 6/1/2009
1599 COPPERFIELD CIR $182,900 1547 5/6/2009
11095 WILDLIFE TRL $230,000 2302 5/5/2009
1662 COPPERFIELD CIR $199,900 1601 4/29/2009
9944 BEAVER RIDGE TRL $226,600 1531 4/13/2009
1525 CHADWICK WAY $238,000 1958 3/31/2009
1625 CHERRY HILL LN $185,000 2312 3/18/2009
1718 COPPERFIELD CIR $262,000 1958 1/15/2009
1644 COPPERFIELD CIR $238,500 2052 1/6/2009
1616 CHERRY HILL LN $175,500 1805 12/1/2008
9418 BUCK HAVEN TRL $289,900 2150 10/24/2008
1838 LOG RIDGE TRL $245,500 1876 9/25/2008
1837 LOG RIDGE TRL $180,000 1545 9/23/2008
1529 COPPERFIELD CIR $248,000 1711 9/12/2008
1616 COPPERFIELD CIR $221,200 1606 8/29/2008
1603 COPPERFIELD CIR $257,500 1908 8/29/2008
1808 BITTER ROOT TRL $240,000 1762 8/5/2008
1632 COPPERFIELD CIR $365,000 2320 7/31/2008
1584 CHADWICK WAY $231,000 1685 7/25/2008
1878 LOG RIDGE TRL $275,000 2147 7/11/2008
1639 CHADWICK WAY $312,500 2795 6/27/2008
12038 CEDAR BLUFF TRL $213,000 1599 5/23/2008
9336 BUCK HAVEN TRL $305,000 1908 5/1/2008
9821 THUNDER HILL TRL $250,000 1754 4/30/2008
1874 LOG RIDGE TRL $275,000 1926 4/15/2008
1545 COPPERFIELD CIR $285,000 1830 3/28/2008
1620 CHADWICK WAY $277,800 1867 3/21/2008
1749 COPPERFIELD CIR $273,000 1974 3/14/2008
11025 WILDLIFE TRL $315,800 2209 1/4/2008
1870 LOG RIDGE TRL $260,000 1931 12/21/2007
1557 COPPERFIELD CIR $240,000 1794 10/31/2007
9425 BUCK HAVEN TRL $243,000 1617 10/29/2007
12009 OTTER CREEK TRL $270,000 2001 10/4/2007
1706 COPPERFIELD CIR $300,000 2284 10/1/2007
9833 THUNDER HILL TRL $259,000 2229 9/27/2007
1603 COPPERFIELD CIR $271,700 1908 8/1/2007
1641 COPPERFIELD CIR $305,000 2065 8/1/2007
13004 GOPHER WOOD TRL $332,000 2090 7/31/2007
1587 COPPERFIELD CIR $340,500 2513 7/31/2007
11029 WILDLIFE TRL $251,000 1806 7/27/2007
1604 CHERRY HILL LN $270,000 2100 7/26/2007
  $307,500 2220 6/20/2007
9356 BUCK HAVEN TRL $282,900 1851 6/15/2007
1879 LOG RIDGE TRL $200,000 1552 6/15/2007
12024 OTTER CREEK TRL $229,900 1685 6/8/2007
2009 CASTLE CROWN LN $255,000 1917 5/31/2007
9484 BUCK HAVEN TRL $249,900 1689 5/23/2007
1543 BREAMSTONE RDG $275,000 2063 5/18/2007
9521 BUCK HAVEN TRL $350,000 2322 5/18/2007
9464 BUCK HAVEN TRL $290,000 1974 5/14/2007
9393 BUCK HAVEN TRL $254,000 2139 4/27/2007
1636 COPPERFIELD CIR $315,000 1476 3/30/2007
9457 BUCK HAVEN TRL $263,500 2004 3/27/2007
9551 BUCK HAVEN TRL $248,000 1770 3/19/2007
1764 COPPERFIELD CIR $257,500 1896 3/19/2007
12065 CEDAR BLUFF TRL $325,000 2720 3/15/2007
1527 BREAMSTONE RDG $230,000 1635 2/6/2007
9552 BUCK HAVEN TRL $206,000 1397 1/22/2007
1857 LOG RIDGE TRL $268,000 1984 1/11/2007
9472 BUCK HAVEN TRL $225,900 1924 12/28/2006
1713 CHESTNUT HL $260,000 1887 12/15/2006
11101 WILDLIFE TRL $270,000 2268 12/15/2006
1649 COPPERFIELD CIR $317,000 2366 12/15/2006
1708 CHESTNUT HL $314,900 2400 11/30/2006
9393 BUCK HAVEN TRL $254,000 2139 11/28/2006
1649 COPPERFIELD CIR $317,000 2366 11/9/2006
1817 LOG RIDGE TRL $244,000 1672 11/3/2006
9317 BUCK HAVEN TRL $179,000 1390 10/25/2006
1716 CHESTNUT HL $200,000 1340 9/22/2006
12018 CEDAR BLUFF TRL $333,000 2216 9/14/2006
9917 BEAVER RIDGE TRL $289,000 2035 9/5/2006
9429 BUCK HAVEN TRL $190,500 1617 8/23/2006
1681 COPPERFIELD CIR $293,000 2192 8/23/2006
1609 CHADWICK WAY $370,000 2476 8/15/2006
1773 COPPERFIELD CIR $417,500 2892 8/14/2006
1714 COPPERFIELD CIR $291,000   8/4/2006
1682 COPPERFIELD CIR $222,000 1454 7/5/2006
1632 COPPERFIELD CIR $90,000 2320 6/29/2006
1553 COPPERFIELD CIR $219,900 1573 6/26/2006
9425 BUCK HAVEN TRL $191,500 1617 6/20/2006
1527 BREAMSTONE RDG $203,000 1635 5/19/2006
1741 COPPERFIELD CIR $270,000 2083 5/12/2006
9301 BUCK HAVEN TRL $272,000 1904 5/12/2006
12017 OTTER CREEK TRL $336,000 2392 4/25/2006
1718 COPPERFIELD CIR $285,000 1958 4/17/2006
12064 CEDAR BLUFF TRL $314,900 2280 4/10/2006
1507 BREAMSTONE $237,000 2180 3/31/2006
11017 WILDLIFE TRL $250,000 1784 3/1/2006
9836 THUNDER HILL TRL $280,000 1950 2/23/2006
1588 COPPERFIELD CIR $260,000 1857 2/22/2006
9924 BEAVER RIDGE TRL $235,000 1560 2/17/2006
1608 COPPERFIELD CIR $165,000 1773 2/14/2006
9912 TURTLE DOVE $325,000 2177 1/23/2006
1668 COPPERFIELD CIR $246,900 1827 1/13/2006
12053 CEDAR BLUFF TRL $284,000 2218 1/11/2006
9552 BUCK HAVEN TRL $160,000 1397 1/9/2006
1838 LOG RIDGE TRL $210,000 1876 1/9/2006
1565 COPPERFIELD CIR $344,000 2212 1/3/2006

Joe Manausa, MBA is a 26 year veteran of real estate brokerage in Tallahassee, Florida and has owned and managed his own company since 1992. He is a daily blogger with content that focuses on real estate analytics and providing his clients with a tactical advantage in today's challenging market.

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