Ox Bottom Crest Has Hit The Target

Posted by Joe Manausa on Thursday, June 1st, 2017 at 7:56am.

If you want to see a highly active new construction community, check out Ox Bottom Crest in Northeast Tallahassee. With brand-new homes from $270K all the way up above $400K, Ox Bottom Crest has been selling like hot cakes.

If you want to see a highly active new construction community, check out Ox Bottom Crest in Northeast Tallahassee.

With brand-new homes from $270K all the way up above $400K, Ox Bottom Crest has been selling like hot cakes.

Homes For Sale In Ox Bottom Crest

Price, High to Low
7 Properties Found.
Page 1 of 3

5010 Caracara Dr


$166 per SqFt

4 Bed, 4 Bath, 2204 Sqft, 0.18 Acres

Photo of Listing #277630

5154 Holly Fern Trace


$168 per SqFt

3 Bed, 3 Bath, 2148 Sqft, 0.15 Acres

5156 Holly Fern Trace


$171 per SqFt

3 Bed, 3 Bath, 1986 Sqft, 0.15 Acres

Homes For Sale In Ox Bottom Crest Have Hit The Target Price That Buyers Are Demanding

Ox Bottom Crest Home Prices

The one obvious thing that we can state about home prices in Ox Bottom Crest is that the builder has hit the target "sweet spot" that buyers are demanding.

Inventory of all homes for sale UNDER $400K in NE Tallaahassee is thin, so combine homes priced on average just over $300K with this great location, and you see why Ox Bottom Crest is having a field day right now.

Currently, we've seen the inventory evolve to slightly smaller homes, and thus the average home price this year is about 6% lower than the average recorded through all of 2016.

Currently, the average price of the homes sold in Ox Bottom Crest in 2017 has been $303,600.

Ox Bottom Crest Home Values

Home values in Ox Bottom Crest are currently based upon "cost," and the builder has raised prices by about 2.4% this year.

It will take years to see what resales will do, but like all new neighborhoods filled with brand new homes, expect the resales to start well below current home values. This is NOT a knock on Ox Bottom Crest, it is just the reality that (like cars), new houses sell for more than do used ones.

Currently, the average value of the homes sold in Ox Bottom Crest in 2017 has been $169 per square foot.

Ox Bottom Crest Home Sizes

We have seen the highest demand for smaller homes in Ox Bottom Crest, and this is based upon price range rather than buyers wanting smaller homes. The average size of a home sold in Ox Bottom Crest in 2017 is nearly 9% smaller than what was reported through all of 2016.

Currently, the average size of the homes sold in Ox Bottom Crest in 2017 has been 1,795 square feet.

Home Sales In Ox Bottom Crest

The following list shows more than 70 home sales in Ox Bottom Crest going back to 2016, the year that home sales commenced.

AddressPricePrice/SQFClosing DateYear BuiltSQFSale Type
2536 Capstone Drive$353,483$1642017-06-1420172,152New
5158 Holly Fern Trace$307,112$1652017-06-0220161,864New
5155 Holly Fern Trace$279,710$1702017-05-3120161,650New
5164 Holly Fern Trace$261,000$1642017-05-1920171,587New
5159 Holly Fern Trace$265,285$1672017-05-1820161,587New
5148 Holly Fern Trace$254,311$1702017-05-1520161,500New
2521 Capstone Drive$283,357$1722017-05-1120161,650New
5126 Bird Nest Trail$332,895$1692017-05-0520171,970New
2569 Rosin Way$249,900$1672017-05-0420161,500New
2540 Capstone Drive$348,960$1622017-04-2820172,152New
2532 Capstone Dr.$327,067$1662017-04-2620161,970New
2541 Capstone Drive$312,245$1732017-04-2120171,806New
5167 Holly Fern Trace$304,517$1632017-04-2120161,864New
5184 Holly Fern Trace$256,361$1712017-04-1720161,500New
2519 Capstone Drive$286,255$1762017-04-1420171,625New
2539 Capstone Drive$286,107$1712017-04-1420161,674New
2565 Rosin Way$264,897$1672017-04-1220161,587New
2527 Capstone Drive$352,894$1792017-04-0620171,970New
2531 Capstone Drive$287,145$1772017-03-3120171,625New
5183 Holly Fern Trace$288,016$1682017-03-2920171,717New
2566 Rosin Way$288,346$1672017-03-2420161,730New
2535 Capstone Drive$349,895$1632017-03-1320162,152New
2528 Capstone Drive$351,752$1632017-03-0820172,152New
2564 Rosin Way$275,495$1672017-03-0820161,650New
2523 Capstone Dr$397,975$1542017-03-0120172,587New
5188 Holly Fern Trace$394,832$1832017-02-2720172,152New
5182 Holly Fern Trace$264,579$1672017-02-2020161,587New
5152 Holly Fern Trace$292,960$1782017-02-1620161,650New
2517 Capstone Drive$348,349$1772017-02-1420171,970New
2577 Rosin Way$284,395$1662017-01-2020161,717New
5179 Holly Fern Trace$299,660$1712017-01-2020161,751New
2562 Rosin Way$294,546$1762017-01-1120161,674New
5166 Holly Fern Trace$301,948$1442016-12-2720162,090New
5147 Holly Fern Trace$279,785$1702016-12-2020161,650New
5157 Holly Fern Trace$300,672$1442016-12-0920162,090New
5169 Holly Fern Trace$321,688$1662016-11-3020161,935New
2558 Rosin Way$330,503$1682016-11-2820161,973New
5171 Holly Fern Trace$299,699$1752016-11-1820161,717New
5207 Holly Fern Trace$361,800$1682016-11-1420162,152New
5209 Holly Fern Trace$356,849$1672016-11-0920162,139New
5211 Holly Fern Trace$339,945$1732016-11-0420161,970New
5161 Holly Fern Trace$298,850$1712016-10-1420161,751New
5190 Holly Fern Trace$354,785$1652016-10-1420162,152New
5191 Holly Fern Trace$276,745$1682016-10-1320161,650New
5153 Holly Fern Trace$299,345$1712016-10-0420161,751New
2567 Rosin Way$329,232$1672016-09-2220161,973New
2575 Rosin Way$353,157$1642016-09-1920162,152New
2561 Rosin Way$275,495$1672016-09-1220161,650New
5187 Holly Fern Trace$291,306$1702016-09-0920161,717New
2560 Rosin Way$286,993$1712016-09-0120161,674New
5149 Holly Fern Trace$368,324$1482016-09-0120152,489New
5149 Holly Fern Trce$368,400$1692016-09-0120162,180New
2563 Rosin Way$290,845$1692016-08-1220151,717New
5176 Holly Fern Trace$366,811$1502016-08-1020162,453New
5157 Holly Fern Trace$300,672$1752016-08-0120161,717New
5151 Holly Fern Trace$293,821$1712016-07-2920151,717New
5177 Holly Fern Trace$373,330$1502016-07-2920162,489New
5165 Holly Fern Trace$279,363$1722016-07-0620161,625New
5175 Holly Fern Trace$293,664$1412016-07-0620162,090New
5195 Holly Fern Trace$368,217$1712016-06-2920162,152New
5197 Holly Fern Trace$295,006$1762016-06-2820161,674New
5189 Holly Fern Trace$365,771$1702016-06-2320162,152New
5185 Holly Fern Trace$285,046$1752016-06-2220161,625New
5199 Holly Fern Trace$348,486$1612016-06-1520162,161New
5186 Holly Fern Trace$320,939$1632016-06-0920161,973New
5205 Holly Fern Trace$316,901$1722016-06-0220151,846New
5178 Holly Fern Trace$322,281$1632016-06-0120161,973New
2559 Rosin Way$294,872$1762016-05-2720151,674New
5201 Holly Fern Trace$355,741$1652016-04-0120152,152New
5203 Holly Fern Trace$329,846$1672016-03-3020151,973New
5173 Holly Fern Trace$423,383$1642016-03-2220162,587New
5163 Holly Tree Trace$330,519$1682016-03-0120151,970New
5181 Holly Fern Trace$355,369$1652016-02-2920162,152New

I hope you enjoyed our June 2017 update on home sales in Ox Bottom Crest. Please feel free to drop me a note if you have questions not covered in this report.

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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