Declining Home Sales In The Buckhead Neighborhood

Posted by Joe Manausa on Thursday, July 16th, 2009 at 8:38am.

Declining Home Sales in Buckhead

Greetings from New York. I'm writing this from the road, so today will be another brief Tallahassee neighborhood snapshot, focusing on the Buckhead subdivision on the Northeast side of the Tallahassee real estate market.

I pulled all the "arms length" home sales in Buckhead and immediately saw declining home sales and declining home values. The average price topped out at $177 per square foot in 2007, when 6 homes were sold for an average sales price of more than $555K! Thus far in 2009, through May, there has been one home sale in Buckhead for $350K. This is an average of $122 per foot.

Home Sales Graph Of Buckhead Says It All

The following real estate graph shows the number of homes sold each year in blue, the average price each year in red, and the average Buckhead home sales price per square foot in green.

Tallahassee Buckhead Home Sales

Like many Tallahassee subdivisions, Buckhead saw great appreciation from 2000 through 2006, only to see prices drop from the highs in the past three years. One good note for Buckhead home sales is that prices are still showing great annual appreciation from 2000.

Recent Existing Home Sales In Buckhead

Parcel Address Price SqFt HC Sale Date
4502 THAXTON CT $350,000 2,876 4/10/2009
4779 BUCKHEAD CT $295,000 2,515 12/23/2008
4739 BUCKHEAD CT $500,000 3,393 11/13/2008
2630 S HANNON HILL DR $410,000 2,567 6/16/2008
4508 RANGEWOOD DR $510,000 2,930 5/16/2008
4533 TIMBERLOCH DR $495,000 3,119 3/13/2008
4503 THAXTON CT $509,900 3,282 11/21/2007
4543 HEDGEWOOD DR $459,500 2,856 11/9/2007
4600 FOREST RIDGE DR $599,000 2,969 8/24/2007
4630 FOREST RIDGE DR $599,000 3,153 7/5/2007
4519 TIMBERLOCH DR $490,000 2,732 6/29/2007
2826 W HANNON HILL DR $675,000 3,787 4/6/2007
2760 W HANNON HILL DR $425,700 2,370 11/27/2006
2652 S HANNON HILL DR $465,000 2,802 10/27/2006
4559 HEDGEWOOD DR $397,000 2,583 9/29/2006
4519 TIMBERLOCH DR $465,000 2,732 7/17/2006
4519 HEDGEWOOD DR $410,000 2,509 7/14/2006
2619 S HANNON HILL DR $585,000 3,505 6/30/2006
4527 TIMBERLOCH DR $530,000 3,536 6/7/2006
4608 WHITETAIL PASS $480,000 2,646 2/28/2006
2891 N HANNON HILL DR $443,000 2,896 2/23/2006
4605 WHITETAIL PASS $497,900 2,853 12/20/2005
4627 SPARROWHAWK CT $495,000 2,962 11/8/2005
2741 W HANNON HILL DR $400,000 2,718 9/16/2005
2643 S HANNON HILL DR $392,500 2,615 5/31/2005
2630 S HANNON HILL DR $380,000 2,567 5/11/2005
4503 THAXTON CT $399,900 3,282 8/30/2004
2611 S HANNON HILL DR $395,000 3,027 8/6/2004
2667 S HANNON HILL DR $364,000 2,674 7/23/2004
2888 N HANNON HILL DR $379,900 2,853 6/25/2004
4771 BUCKHEAD CT $250,000 3,163 2/12/2004
4518 HEDGEWOOD DR $315,500 2,425 9/25/2003
2728 W HANNON HILL DR $324,200 2,525 8/29/2003
4502 THAXTON CT $357,500 2,876 7/23/2003
2760 W HANNON HILL DR $305,000 2,370 7/18/2003
4512 HEDGEWOOD DR $325,000 2,789 7/13/2003
4770 BUCKHEAD CT $625,000 4,898 7/12/2003
2610 S HANNON HILL DR $325,400 2,925 4/30/2003
4527 TIMBERLOCH DR $362,500 3,182 4/25/2003
2682 S HANNON HILL DR $344,900 2,824 4/23/2003
4503 RANGEWOOD DR $426,500 3,280 3/28/2003
2651 S HANNON HILL DR $316,000 2,740 2/14/2003
4559 HEDGEWOOD DR $288,500 2,583 6/28/2002
2887 N HANNON HILL DR $284,500 2,767 5/31/2002
4507 RANGEWOOD DR $283,000 2,903 5/30/2002
2773 W HANNON HILL DR $365,000 2,807 5/10/2002
4779 BUCKHEAD CT $251,000 2,515 1/7/2002
4503 THAXTON CT $300,000 3,282 9/12/2001
2699 S HANNON HILL DR $265,000 2,584 8/31/2001
2891 N HANNON HILL DR $298,000 2,896 7/10/2001
4518 HEDGEWOOD DR $280,000 2,425 6/26/2001
2736 W HANNON HILL DR $258,000 2,666 8/2/2000
4518 HEDGEWOOD DR $267,000 2,425 6/5/2000
2891 N HANNON HILL DR $210,500 2,896 5/25/2000
2894 N HANNON HILL DR $147,700 3,487 4/25/2000
4527 HEDGEWOOD DR $264,000 2,482 7/9/1999
2894 N HANNON HILL DR $320,000 3,487 5/26/1998
2765 W HANNON HILL DR $265,000 2,763 11/18/1997
2741 W HANNON HILL DR $233,000 2,718 7/31/1997
2698 S HANNON HILL DR $225,000 2,356 10/29/1996
2894 N HANNON HILL DR $320,000 3,487 8/19/1996
2752 W HANNON HILL DR $245,000 2,496 7/23/1996
2752 W HANNON HILL DR $231,900 2,496 7/15/1995

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Joe Manausa is a real estate blogger, 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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