Killearn Lakes Unit 4 Home Sales Report

Posted by Joe Manausa on Friday, November 20th, 2009 at 9:08am.

The average price of homes in Killearn Lakes Unit 4 jumps around quite a bit, but look at the average number of homes sold is below 1 home per month. Average home values in Killearn Lakes Unit 4 is down 13% since the peak of the housing market.

If you have been following the Tallahassee Real Estate Blog over the past few weeks, you know that we have sporadically reviewed some neighborhoods in Tallahassee, and lately have done the first three units in Killearn Lakes Plantation. Today we'll take a final look at Killearn Lakes, with a review of its 4th unit of homes.

Killearn Lakes Unit 4 is also know as "Grandview" and features homes on lots that range from 1 to 10 acres. As you will see from the following real estate graphs and analysis, home values have held much more stable in this neighborhood than many others in the Tallahassee real estate market.

Average Home Prices In Killearn Lakes Unit 4

The first thing that I noticed when I looked at the existing home sales in Grandview was that the trends were not as seamless as Tallahassee neighborhoods that have more home sales in them. The average price of homes in Killearn Lakes Unit 4 jumps around quite a bit, but look at the average number of homes sold each month (left axis), the number averages below 1 home per month.

Graph of Average Home Prices In Killearn Lakes Unit 4

Killearn Lakes Unit 4 Home Values Show Slight Decline

Home values in Killearn Lakes Unit 4 (Grandview) are showing a trended decline of 13% since the peak of the market. That is 1/2 of the average decline in Tallahassee home values, so obviously Grandview appears to be doing comparatively well.

Graph of Average Home Values In Killearn Lakes Unit 4

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Existing Home Sales In Killearn Lakes Unit 4

Parcel Address Price SqFt HC Sale Date
2325 HAVERHILL RD $345,000 2,729 7/31/2009
2410 BASS BAY DR $359,900 2,839 7/27/2009
9704 WATERS MEET DR $575,000 3,550 6/18/2009
9908 WATERS MEET DR $343,500 2,703 6/19/2008
9908 WATERS MEET DR $185,000 2,703 4/18/2008
2007 MORNING DOVE RD $365,000 2,215 6/18/2007
2405 BASS BAY DR $399,900 2,914 5/3/2007
2443 BASS BAY DR $380,000 2,719 5/2/2007
1922 WILLOW RUN DR $515,000 3,840 3/15/2007
2805 TURKEY HILL TRL $430,000 2,509 3/13/2007
2108 WATERS MEET DR $335,000 2,311 11/30/2006
2301 HAVERHILL RD $350,000 2,517 11/15/2006
2016 MORNING DOVE RD $350,000 2,412 8/9/2006
9914 WATERS MEET DR $319,900 1,572 6/16/2006
2439 BASS BAY DR $250,000 1,430 3/3/2006
1914 WILLOW RUN DR $407,000 2,914 2/21/2006
1917 WILLOW RUN DR $319,000 2,480 12/12/2005
2449 BASS BAY DR $306,000 1,945 9/29/2005
2330 HAVERHILL RD $375,000 2,681 7/18/2005
2332 HAVERHILL RD $680,000 5,270 5/11/2005
2439 BASS BAY DR $131,000 1,430 4/15/2005
2445 BASS BAY DR $269,900 2,611 4/14/2005
2204 TEN OAKS DR $247,000 2,190 3/23/2005
2316 HAVERHILL RD $309,000 1,802 10/28/2004
2308 HAVERHILL RD $388,000 2,534 10/28/2004
1917 WILLOW RUN DR $265,000 2,480 7/30/2004
1925 WILLOW RUN DR $417,000 3,290 6/9/2004
9828 WATERS MEET DR $665,000 4,267 6/8/2004
9890 DEER LK E $665,000 3,863 6/8/2004
2104 WATERS MEET DR $474,000 3,388 5/10/2004
2301 HAVERHILL RD $325,000 2,517 4/30/2004
9821 WATERS MEET DR $482,000 4,024 3/30/2004
2016 MORNING DOVE RD $224,000 2,412 3/22/2004
2215 TEN OAKS DR $281,000 2,811 1/16/2004
2100 WATERS MEET DR $308,000 2,737 11/26/2003
2325 HAVERHILL RD $325,000 2,729 10/1/2003
2104 WATERS MEET DR $437,500 3,388 8/1/2003
2105 WATERS MEET DR $270,000 2,282 7/30/2003
2820 TURKEY HILL TRL $233,000 2,138 7/21/2003
2216 TEN OAKS DR $200,000 1,743 7/9/2003
2450 BASS BAY DR $290,000 2,194 6/2/2003
2801 TURKEY HILL TR $198,000 1,915 5/30/2003
9914 WATERS MEET DR $205,000 1,572 4/30/2003
2413 BASS BAY DR $309,000 2,260 3/21/2003
2420 BASS BAY DR $337,500 3,378 2/28/2003
2829 TURKEY HILL TRL $332,800 2,157 1/29/2003
9884 DEER LK N $270,000 2,349 12/20/2002
1922 WILLOW RUN DR $345,000 3,840 9/27/2002
2417 BASS BAY DR $245,000 3,079 8/2/2002
1909 WILLOW RUN DR $360,000 3,766 7/18/2002
2820 TURKEY HILL TRL $200,600 2,138 6/20/2002
2446 BASS BAY DR $179,500 2,383 4/30/2002
2231 TEN OAKS DR $425,000 3,470 4/4/2002
2325 HAVERHILL RD $270,500 2,729 4/2/2002
1921 WILLOW RUN DR $317,500 3,765 3/15/2002
9917 WATERS MEET DR $149,900 1,686 1/15/2002
9705 WATERS MEET DR $427,000 4,013 8/30/2001
9718 WATERS MEET DR $145,000 1,400 8/1/2001
9884 DEER LK N $234,900 2,349 6/29/2001
2026 MORNING DOVE RD $342,000 3,196 3/11/2001
2404 HARES DEN $340,000 4,297 3/9/2001
2215 TEN OAKS DR $205,000 3,313 12/15/2000
2104 WATERS MEET DR $290,000 3,388 11/8/1999
2433 BASS BAY DR $226,000 2,454 8/30/1999
2317 HAVERHILL RD $142,000 1,888 8/26/1999
2332 HAVERHILL RD $520,000 5,270 8/17/1999
2208 TEN OAKS DR $275,000 3,534 6/30/1999
2453 BASS BAY DR $345,000 3,287 6/29/1999
1509 BASS BAY DR $268,000 2,914 6/3/1999
2316 HAVERHILL RD $139,100 1,802 5/18/1999
2029 MORNING DOVE RD $226,000 2,829 3/1/1999
1909 WILLOW RUN DR $245,000 3,766 2/19/1999
2409 HARES DEN $275,000 3,118 2/3/1999
9828 WATERS MEET DR $377,500 4,267 1/29/1999
2445 BASS BAY DR $208,000 2,611 1/6/1999
2326 HAVERHILL RD $167,000 2,172 10/9/1998
2004 MORNING DOVE RD $165,000 1,602 8/3/1998
9924 WATERS MEET DR $185,000 2,510 7/30/1998
9894 DEER LK E $129,600 1,778 6/29/1998
2204 TEN OAKS DR $167,500 2,190 6/5/1998
2108 WATERS MEET DR $185,000 2,311 5/15/1998
1917 WILLOW RUN DR $166,000 2,480 4/24/1998
1926 WILLOW RUN DR $125,500 1,724 1/15/1998
2410 BASS BAY DR $215,000 2,839 11/26/1997
1925 WILLOW RUN DR $235,000 2,688 11/13/1997
2821 TURKEY HILL TRL $259,800 2,298 10/10/1997
2020 MORNING DOVE RD $245,000 2,401 9/15/1997
9908 WATERS MEET DR $238,000 2,703 6/20/1997
2001 MORNING DOVE RD $110,000 1,452 3/6/1997
2344 HAVERHILL RD $475,000 7,088 1/27/1997
2819 TURKEY HILL TRL $239,900 2,559 12/27/1996
2410 BASS BAY DR $233,000 2,839 11/27/1996
2445 BASS BAY DR $209,900 2,611 11/26/1996
9914 WATERS MEET DR $149,000 1,572 11/25/1996
2436 BASS BAY DR $139,000 1,733 8/23/1996
2445 BASS BAY DR $190,000 2,611 8/2/1996
2236 TEN OAKS DR $160,500 2,000 6/27/1996
9926 WATERS MEET DR $225,000 2,800 6/21/1996
2413 BASS BAY DR $243,000 2,260 5/6/1996
2436 BASS BAY DR $138,000 1,733 1/19/1996
2105 WATERS MEET DR $179,900 2,282 9/27/1995
2421 BASS BAY DR $260,000 2,536 8/15/1995
1509 BASS BAY DR $269,500 2,914 8/4/1995
2104 WATERS MEET DR $152,500 3,388 6/26/1995
2416 BASS BAY DR $210,000 3,264 5/3/1995
1931 WILLOW RUN DR $250,000 3,011 3/14/1995
2313 HAVERHILL RD $162,000 2,573 3/10/1995

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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