Home Sales In Golden Eagle Plantation

Posted by Joe Manausa on Wednesday, August 19th, 2009 at 11:53am.

Neighborhood reports have always been popular when we do them both here in the blog as well as on the Tallahassee Real Estate Web Site. It seems that many people in Tallahassee want to know what's happening with home valuations in the many Tallahassee subdivisions that we have.

A Tallahassee neighborhood that we have featured for several years now is Golden Eagle Plantation. One of several golf course communities in the northeast side of Tallahassee, Golden Eagle offers larger homes with golf course and lake view properties, all bundled inside of a gated community.

Because we discuss valuations in the Tallahassee Real Estate Blog on a regular basis, I will assume the reader knows that all of the Tallahassee housing market is in a decline, both in the number of homes sold as well as in the values of the homes sold. Today, we will take a look at how Golden Eagle Plantation is doing and whether or not its decline is consistent with the rest of the Tallahassee real estate market.

Home Sales In Golden Eagle Plantation

The following real estate graph shows the one-year trend of homes sold and home values (price per square foot) in Golden Eagle Plantation. It is important to note that this is no way to determine the value of a single property in Golden Eagle because this is just a global view.

Just looking at square footage does not take into account the many amenities each home has, including what type of lot the homes are on. Lake front and golf course front lots are not given any more weighted value than a home on the interior of Golden Eagle Plantation. For the purpose of our market trend, this is fine. To determine a single property's value, one must consider all of the amenities that come with the home.

Golden Eagle Home Sales Graph

When looking at the graph of home sales in Golden Eagle, we see the unit trend has fallen from over 8 home sales per month in November of 2005 to just under 2 home sales per month as of last month. That is a decline of 76% which is a little bit higher than the average decline in the Tallahassee housing market.

The average home price in Golden Eagle Plantation has seen its price trend decline from just under $184 per foot in June of 2007 to just over $148 per month as of last month. That is a decline of 11%, which is a good bit lower than the average decline in the Tallahassee housing market.

It appears as if home owners in Golden Eagle are willing to wait to get their prices, as typically is the case when you see unit sales drop significantly without prices mirroring the unit sales rate of decline. Time will tell if we will start seeing many home owners lower their prices to increase the rate of sales.

Recent Home Sales In Golden Eagle Plantation

Golden Eagle Address Price Sale Date Size (Sqft) Year Built
2624 WHARTON CIR $495,000 7/9/2009 3,450 2000
9686 PRESTANCIA WAY $430,000 7/2/2009 3,338 2004
2974 GOLDEN EAGLE DR E $535,000 7/1/2009 5,493 1988
2031 HERB CT $475,000 6/12/2009 3,237 1998
9233 SHOAL CREEK DR $435,000 6/10/2009 2,618 2007
9085 SHOAL CREEK DR $420,000 5/5/2009 3,004 1999
2287 COBB DR $400,000 3/14/2009 2,865 2001
9688 DANCING RABBIT WAY $517,500 3/4/2009 3,465 2004
9015 WINGED FOOT DR $782,500 2/26/2009 4,021 2002
2893 ROYAL ISLE DR $545,000 2/17/2009 4,209 2005
2709 WHARTON CIR $330,000 2/6/2009 2,681 1999
9194 SHOAL CREEK DR $475,000 2/4/2009 2,691 2004
9591 DEER VALLEY DR $725,000 2/4/2009 4,300 2008
9287 SHOAL CREEK DR $525,000 12/23/2008 4,413 2006
2961 MEDINAH CT $400,000 12/5/2008 2,917 1988
2649 WHARTON CIR $750,000 12/4/2008 4,357 2000
3010 TRESTWICK WAY $370,000 12/3/2008 3,067 1991
9079 SHOAL CREEK DR $260,000 11/10/2008 2,936 1999
9598 DEER VALLEY DR $750,000 10/3/2008 3,939 2005
9085 SHOAL CREEK DR $420,000 9/26/2008 3,004 1999
2704 WATERFORD GLEN CT $1,050,000 8/27/2008 3,923 2003
9006 SHOAL CREEK DR $435,000 8/15/2008 3,619 1997
2980 MEDINAH CT $480,000 8/8/2008 3,325 2000
9167 SHOAL CREEK DR $440,000 7/21/2008 2,618 2007
2893 ROYAL ISLE DR $601,300 7/16/2008 4,209 2005
9287 SHOAL CREEK DR $601,300 7/16/2008 4,413 2006
2112 DORAL DR $560,000 7/15/2008 3,170 2005
9676 DEER VALLEY DR $675,000 7/15/2008 3,924 2004
9203 SHOAL CREEK DR $577,000 7/11/2008 3,676 2004
3022 EAGLE POINT WAY $525,000 7/8/2008 2,825 2006
3031 GOLDEN EAGLE DR E $338,700 6/26/2008 3,327 1992
9699 PRESTANCIA WAY $415,000 6/17/2008 3,025 2006
2322 COBB DR $375,000 6/16/2008 2,506 1999
3082 SAINT ANDREWS WAY $499,000 6/6/2008 3,098 2006
8332 INVERNESS DR $418,000 5/23/2008 2,852 2001
3224 PABLO CREEK WAY $750,000 5/19/2008 3,400 2008
2106 DORAL DR $472,500 5/2/2008 2,800 2000
8978 WINGED FOOT DR $499,000 4/29/2008 3,129 2002
9026 WINGED FOOT DR $425,000 4/18/2008 2,910 1993
3225 PABLO CREEK WAY $180,000 4/11/2008 3,263 2005
9664 DEER VALLEY DR $1,000,000 4/9/2008 5,019 2003
2916 ROYAL ISLE DR $480,000 3/26/2008 2,701 2005
2667 WHARTON CIR $535,000 3/17/2008 3,140 1997
8338 INVERNESS DR $450,000 2/15/2008 2,959 1999
9208 SHOAL CREEK DR $500,000 2/15/2008 2,942 2007
2916 ROYAL ISLE DR $480,000 2/14/2008 2,701 2005
3418 OSPREY RIDGE CT $780,000 2/14/2008 4,400 2008
2262 COBB DR $477,800 2/12/2008 3,471 2006
8527 HEATHCLIFF CT $409,000 2/11/2008 2,743 2001
3042 SAINT ANDREWS WAY $467,500 1/9/2008 3,159 2004
2961 MEDINAH CT $439,000 12/19/2007 2,917 1988
2977 SAINT STEVENS DR $425,000 12/18/2007 3,133 1990
2966 GOLDEN EAGLE DR E $505,000 11/30/2007 3,240 1987
9006 SHOAL CREEK DR $524,000 11/11/2007 3,619 1997
2880 ROYAL ISLE DR $600,000 11/9/2007 3,705 2007
3009 GOLDEN EAGLE DR E $510,000 10/23/2007 3,311 1997
3031 GOLDEN EAGLE DR E $412,000 10/17/2007 3,327 1992
9635 DEER VALLEY DR $595,000 9/28/2007 3,504 2005
3047 SAINT ANDREWS WAY $599,900 9/20/2007 3,731 2005
8997 GLEN EAGLE WAY $487,000 8/31/2007 3,082 1991
2631 WHARTON CIR $512,000 8/31/2007 3,104 2001
3064 SAINT ANDREWS WAY $686,500 8/31/2007 4,338 2007
8555 CONGRESSIONAL DR $467,000 8/30/2007 3,071 1992
2631 WHARTON CIR $574,300 8/30/2007 3,104 2001
8886 CALEDONIAN CT $415,000 8/21/2007 2,651 1996
9036 WINGED FOOT DR $512,000 8/17/2007 2,949 1993
2911 ROYAL ISLE DR $1,250,000 8/16/2007 4,643 2004
8963 WINGED FOOT DR $453,000 7/31/2007 3,000 2002
9694 PEBBLE BEACH WAY $445,000 7/30/2007 2,727 2004
8326 INVERNESS DR $445,000 7/19/2007 2,754 1998
8326 INVERNESS DR $445,000 7/19/2007 2,754 1998
2292 COBB DR $706,300 7/18/2007 3,507 2004
8881 WINGED FOOT DR $546,500 7/5/2007 2,973 2001
9200 SHOAL CREEK DR $575,000 6/29/2007 3,143 2005
8912 WINGED FOOT DR $775,000 6/25/2007 3,027 2000
2146 GOLDEN EAGLE DR W $750,000 6/25/2007 4,158 2001
2146 GOLDEN EAGLE DR W $825,000 6/25/2007 4,158 2001
2714 WHARTON CIR $530,000 6/7/2007 3,005 2002
9196 SHOAL CREEK DR $650,000 5/31/2007 3,637 2004
9251 SHOAL CREEK DR $950,000 5/16/2007 4,948 2007
9670 PEBBLE BEACH WAY $485,000 5/14/2007 2,977 2004
9085 SHOAL CREEK DR $482,500 5/7/2007 3,004 1999
2215 GENEVIEVE CT $558,000 4/17/2007 2,771 1997
2950 GOLDEN EAGLE DR E $475,900 4/6/2007 2,581 1998
9585 DEER VALLEY DR $837,500 3/13/2007 4,520 2007
2972 MEDINAH CT $409,000 2/21/2007 2,360 1990
2281 COBB DR $456,000 2/20/2007 3,356 2000
8527 HEATHCLIFF CT $463,000 1/19/2007 2,743 2001
2161 AMANDA MAE CT $432,500 1/12/2007 2,634 1998
9197 SHOAL CREEK DR $535,000 1/12/2007 2,953 2006
3006 GOLDEN EAGLE DR E $1,250,000 1/5/2007 5,428  

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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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