Heartwood Hills Neighborhood In Tallahassee

Posted by Joe Manausa on Thursday, June 3rd, 2010 at 11:40am.

Heartwood Hills, a popular neighborhood on the east side of Tallahassee, continues to see home sales decline as well as home values dropping.

We often review Tallahassee neighborhoods at our real estate blog in order to keep a finger on the pulse of the Tallahassee housing market. Today, we take a quick peak at Heartwood Hills, a popular community on the east side of Tallahassee, to see how unit sales are values are performing. Not surprisingly, home sales and home values look to be consistent with the performance of other neighborhoods in Tallahassee.

Home Values In Heartwood Hills

When we look at the real estate graph above, the blue vertical bars measure the total number of arms-length existing home sales recorded each year, while the red area measures the average price per square foot of those home sales in Heartwood Hills. Just as we have been seeing across all neighborhoods in Tallahassee, home values are dropping in Heartwood Hills and sales activity is way down from the peak of the market.

Home Sales Trends In Heartwood Hills

Looking at a more analytical view of home sales in Heartwood Hills, we see that recent home sales are way below the short, medium and long term trends. In the real estate graph below, the red line is the shortest trend, then the green and blue line respectively give longer term views. What we see is unit sales have slowed so much as home owners are choosing to stay rather than sell at the lower prices that the current market is demanding.

I would expect to see this trend continue. Fewer sales, but at much lower values. While Heartwood Hills is a highly desirable place to live, there are just too many homes on the market that are pulling buyers away to better perceived values. The existing homes for sale in Heartwood Hills are priced anywhere from $108 to $149 per foot.

Past Home Sales In Heartwood Hills

Heartwood Hills Address Price Size Value Age Sale Date
1626  SHAKESPEARE DR $280,000 2,271 $123 1999 5/27/2010
10646 VALENTINE RD N $230,000 1,668 $138 1991 9/2/2009
10525 VALENTINE RD S $253,000 2,180 $116 1993 8/17/2009
10519 CASANOVA DR $259,000 2,254 $115 1996 12/22/2008
10632 VALENTINE RD N $300,000 1,779 $169 1991 6/26/2008
9878 BROOKHOLLOW LN $375,000 2,446 $153 1990 5/1/2008
10478 VALENTINE RD S $320,000 2,190 $146 1998 3/13/2008
10642 VALENTINE RD N $345,000 2,296 $150 1999 8/31/2007
10520 CASANOVA DR $345,000 2,283 $151 1994 7/20/2007
1602 SHAKESPEARE DR $285,000 1,846 $154 1998 6/15/2007
1618 SHAKESPEARE DR $280,000 1,906 $147 1997 3/2/2007
10374 ROGER HAMLIN RD $263,500 1,896 $139 1989 2/16/2007
10478 VALENTINE RD S $325,000 2,190 $148 1998 1/4/2007
10628 VALENTINE RD N $300,000 2,184 $137 1989 9/27/2006
10518 FAYE WAY $358,000 2,766 $129 1999 8/31/2006
10473 VALENTINE RD S $355,000 2,333 $152 1996 8/1/2006
1618 SHAKESPEARE DR $297,500 1,906 $156 1997 7/27/2006
10509 VALENTINE RD S $267,900 1,723 $155 1995 5/9/2006
10535 CASANOVA DR $225,000 2,187 $103 1996 9/14/2005
10491 CASANOVA DR $271,900 2,048 $133 1994 2/28/2005
10485 VALENTINE RD S $249,000 1,940 $128 2000 2/15/2005
10466 VALENTINE RD S $269,000 1,930 $139 1999 9/28/2004
10501 VALENTINE RD S $258,000 1,613 $160 1998 8/31/2004
10470 VALENTINE RD S $229,500 1,803 $127 1996 8/1/2004
10481 VALENTINE RD S $207,000 2,156 $96 1995 6/15/2004
10515 FAYE WAY $299,000 2,518 $119 1991 6/8/2004
10491 CASANOVA DR $196,300 2,048 $96 1994 2/27/2004
10593 VALENTINE RD N $205,000 2,074 $99 1990 2/25/2004
10600 VALENTINE RD N $167,500 1,630 $103 1994 11/26/2003
10645 VALENTINE RD N $185,000 1,727 $107 1993 8/29/2003
1605 SHAKESPEARE DR $210,200 1,879 $112 1993 7/28/2003
10507 CASANOVA DR $217,000 2,248 $97 1995 7/9/2003
10499 CASANOVA DR $219,000 2,732 $80 1995 7/2/2003
10457 VALENTINE RD S $249,900 2,287 $109 1996 4/10/2003
1604 BAUM RD $230,000 2,578 $89 1992 10/14/2002
10473 VALENTINE RD S $224,900 2,333 $96 1996 9/14/2002
10551 CASANOVA DR $138,500 1,857 $75 1997 7/24/2002
1621 SHAKESPEARE DR $210,000 2,458 $85 1996 7/11/2002
10585 VALENTINE RD N $176,700 2,042 $87 1990 7/11/2002
10524 VALENTINE RD S $153,000 1,587 $96 1994 7/8/2002
10645 VALENTINE RD N $168,900 1,727 $98 1993 5/30/2002
1605 SHAKESPEARE DR $190,000 1,879 $101 1993 4/30/2002
1516 LOCHINVAR LN $129,000 1,330 $97 1989 3/22/2002
1618 SHAKESPEARE DR $177,400 1,906 $93 1997 2/28/2002
10629 VALENTINE RD $146,000 1,692 $86 1994 12/27/2001
10593 VALENTINE RD N $178,000 2,074 $86 1990 12/17/2001
10457 VALENTINE RD S $200,000 2,287 $87 1996 8/2/2001
10625 VALENTINE RD N $185,000 2,193 $84 1997 6/15/2001
10513 VALENTINE RD S $147,900 1,523 $97 1999 5/30/2001
10567 VALENTINE RD N $159,000 1,848 $86 1989 5/24/2001
10566 VALENTINE RD N $182,500 2,154 $85 1990 5/14/2001
10473 VALENTINE RD S $199,000 2,333 $85 1996 3/30/2001
10535 CASANOVA DR $180,000 2,187 $82 1996 2/21/2001
10972 HEARTWOOD HILLS BLVD $259,900 3,415 $76 1994 1/11/2001
10980 HEARTWOOD HILLS BLVD $172,300 2,085 $83 1989 1/5/2001
10520 CASANOVA DR $175,000 2,283 $77 1994 11/13/2000
10552 VALENTINE RD S $143,500 1,800 $80 1993 10/30/2000
10470 VALENTINE RD S $164,500 1,803 $91 1996 10/2/2000
10520 CASANOVA DR $173,500 2,283 $76 1994 4/28/2000
1621 SHAKESPEARE DR $185,000 2,458 $75 1996 4/7/2000
10500 FAYE WAY $147,000 1,721 $85 1996 9/30/1999
10629 NORTH VALENTINE ROAD $145,000 1,692 $86 1994 8/12/1999
10477 VALENTINE RD S $132,000 1,806 $73 1994 7/20/1999
1625 SHAKESPEARE DR $157,000 2,248 $70 1996 7/16/1999
10617 VALENTINE RD N $130,000 1,566 $83 1996 6/24/1999
10517 VALENTINE RD S $178,000 2,368 $75 1991 5/21/1999
10509 VALENTINE RD S $140,700 1,723 $82 1995 4/30/1999
10980 HEARTWOOD HILLS BLVD $157,500 2,085 $76 1989 4/28/1999
10499 CASANOVA DR $180,500 2,732 $66 1995 2/26/1999
10600 VALENTINE RD N $135,000 1,630 $83 1993 12/18/1998
10533 VALENTINE RD S $128,500 1,580 $81 1993 7/14/1998
10457 VALENTINE RD S $178,000 2,287 $78 1996 3/10/1998
1605 SHAKESPEARE DR $136,000 1,879 $72 1993 1/30/1998
10613 VALENTINE RD N $81,000 1,534 $53 1994 11/26/1997
10601 VALENTINE RD N $193,000 2,916 $66 1991 9/25/1997
10506 FAYE WAY $135,000 2,261 $60 1991 6/16/1997
10562 VALENTINE RD S $129,000 1,802 $72 1994 1/29/1997
10511 CASANOVA DR $164,000 2,140 $77 1994 10/30/1996
10515 FAYE WAY $192,300 2,518 $76 1991 9/25/1996
1609 SHAKESPEARE DR $127,900 2,574 $50 1993 6/14/1996
10552 VALENTINE RD S $119,900 1,800 $67 1993 10/27/1995
1504 LOCHINVAR LN $128,000 1,993 $64 1992 8/30/1995
1516 LOCHINVAR LN $96,000 1,330 $72 1989 11/8/1994
10601 VALENTINE RD N $155,000 2,916 $53 1991 6/28/1994
10980 HEARTWOOD HILLS BLVD $136,000 2,085 $65 1989 5/31/1994
10529 VALENTINE RD S $135,000 1,884 $72 1990 2/21/1994
10633 VALENTINE RD N $142,500 1,838 $78 1990 8/11/1993

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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