Home Prices Fall 18% In Briar Chase

Posted by Joe Manausa on Monday, May 25th, 2009 at 9:54am.

Just a reminder that the 7th edition of the Tallahassee Real Estate Newsletter went out today. If you haven't already subscribed, you can do so in the sidebar at the right. The newsletter is published and delivered every three weeks and summarizes Tallahassee housing market conditions.

This is our 300th blog post at the Tallahassee Real Estate Blog, and we still have a lot more to say! Today's blog is a summary of the Briar Chase neighborhood in Tallahassee. Much like the rest of Tallahassee, Briar Chase is seeing fewer home sales and declining prices.

Briar Chase Home Prices Fall

Existing home sales surged in 2006, with the average price reaching just under $225,000. Today, the average price of a home sold in Briar Chase is under $170,000.

briar-chase-home-sales-graph

Supply and Demand For Homes In Briar Chase

The following real estate graph was created with the information downloaded from the Tallahassee Board of REALTORS® Multiple Listing Service (MLS) and shows a grossly unbalanced market in Briar Chase. With over 30 months of supply of homes for sale, Briar Chase is going to be fighting an uphill battle for price stability.

briar-chase-home-sales-mls-graph

Historical Home Sales In Briar Chase

Address Price Size Sale Date
2865 ALEXIS LN $168,500 1,526 4/10/2009
2832 ALEXIS LN $176,500 1,400 8/1/2008
2844 BRADDOCK CT $199,900 1,531 5/30/2008
2933 ALEXIS LN $155,000 1,266 4/8/2008
2901 ALEXIS LN $186,000 1,570 2/15/2008
2896 BRIAR CT $197,000 1,552 12/17/2007
2888 BRIAR CT $220,000 1,822 11/30/2007
2907 ALEXIS LN $192,000 1,398 11/28/2007
2833 ALEXIS LN $197,000 1,495 8/14/2007
2904 BRIAR CT $171,500 1,550 7/30/2007
2848 BRADDOCK CT $200,000 1,461 7/20/2007
2856 BRADDOCK CT $219,900 1,599 7/13/2007
2941 ALEXIS LN $188,000 7/11/2007
2804 ALEXIS LN $190,000 1,814 6/22/2007
2921 ALEXIS LN $210,000 1,398 6/18/2007
2918 ALEXIS LN $217,000 1,450 5/7/2007
2832 ALEXIS LN $189,900 1,400 3/26/2007
2849 ALEXIS LN $203,900 1,526 2/9/2007
2912 BRIAR CT $190,000 1,456 2/2/2007
2945 ALEXIS LN $195,000 1/26/2007
2836 ALEXIS LN $205,000 1,505 8/25/2006
2864 BRADDOCK CT $244,900 1,841 6/30/2006
2929 ALEXIS LN $193,500 4/26/2006
2937 ALEXIS LN $211,000 2/28/2006
2933 ALEXIS LN $189,000 1/31/2006
2857 ALEXIS LN $192,500 1,503 12/2/2005
2868 BRADDOCK CT $220,000 1,566 10/26/2005
2811 ALEXIS LN $197,600 1,481 10/25/2005
2889 ALEXIS LN $201,900 1,574 10/12/2005
2803 ALEXIS LN $198,000 1,509 9/20/2005
2918 ALEXIS LN $186,000 1,450 8/18/2005
2860 BRADDOCK CT $173,200 1,475 8/9/2005
2925 ALEXIS LN $170,000 1,154 7/29/2005
2908 BRIAR CT $183,000 1,470 6/22/2005
2895 ALEXIS LN $227,900 1,574 6/15/2005
2888 BRIAR CT $196,700 1,822 4/28/2005
2907 ALEXIS LN $153,900 1,398 2/28/2005
2953 ALEXIS LN $180,300 1,469 2/4/2005
2922 ALEXIS LN $199,900 1,914 1/31/2005
2836 ALEXIS LN $177,800 1,505 1/28/2005
2901 ALEXIS LN $196,000 1,570 1/28/2005
2828 SWANBROOKE CT $199,900 1,777 12/23/2004
2892 BRIAR CT $188,500 1,567 11/15/2004
2808 SWANBROOKE CT $177,500 1,450 9/24/2004
2949 ALEXIS LN $184,000 1,469 9/23/2004
2839 ALEXIS LN $195,900 1,526 9/1/2004
2877 ALEXIS LN $175,800 1,810 8/12/2004
2921 ALEXIS LN $155,000 1,398 7/7/2004
2912 BRIAR CT $159,000 1,456 6/11/2004
2840 ALEXIS LN $175,500 1,618 6/2/2004
2804 ALEXIS LN $176,500 1,814 5/21/2004
2925 ALEXIS LN $258,000 1,154 5/17/2004
2832 ALEXIS LN $153,500 1,400 5/7/2004
2880 ALEXIS LN $202,500 1,798 5/7/2004
2949 ALEXIS LN $90,000 1,469 4/28/2004
2856 BRADDOCK CT $175,800 1,599 3/30/2004
2896 BRIAR CT $167,000 1,552 3/29/2004
2827 ALEXIS LN $189,000 1,609 3/22/2004
2848 BRADDOCK CT $160,000 1,461 2/27/2004
2884 ALEXIS LN $183,000 1,814 2/27/2004
2872 ALEXIS LN $190,000 1,659 2/3/2004
2860 BRADDOCK CT $170,900 1,475 1/9/2004
2883 ALEXIS LN $170,000 1,806 1/5/2004
2852 BRADDOCK CT $159,600 1,480 10/24/2003
2820 SWANBROOKE CT $180,000 1,739 10/24/2003
2876 ALEXIS LN $173,900 1,602 9/18/2003
2800 ALEXIS LN $158,000 1,445 8/28/2003
2868 BRADDOCK CT $163,000 1,566 8/15/2003
2816 SWANBROOKE CT $176,500 1,731 6/27/2003
2824 SWANBROOKE CT $180,000 1,806 6/27/2003
2900 BRIAN CT $169,000 1,560 6/11/2003
2839 ALEXIS LN $177,200 1,526 6/10/2003
2833 ALEXIS LN $150,000 1,495 5/9/2003
2812 SWANBROOKE CT $147,500 1,514 3/23/2003
2864 BRADDOCK CT $99,300 1,841 12/23/2002
2803 ALEXIS LN $175,000 1,509 12/13/2002
2922 ALEXIS LN $420,000 9/5/2002
2832 ALEXIS LN $540,000 1,599 9/4/2002
2849 ALEXIS LN $300,000 9/3/2002
2808 SWANBROOKE CT $330,000 1,450 9/3/2002

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Joe Manausa is a real estate investor and the Broker and Co-Owner of Joe Manausa Real Estate. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.
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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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