What's Happening In Ox Bottom Manor Is Happening In Tallahassee Real Estate

Posted by Joe Manausa on Tuesday, February 3rd, 2009 at 10:11am.

ox-bottom-manor-in-tallahassee

One of the most often discussed neighborhoods in our office and in conversations with buyers and sellers is Ox Bottom Manor in the Northeast quadrant of the Tallahassee real estate market. This popular Tallahassee neighborhood features homes which are typically 4 bedrooms and run on average between 2,000 and 3,000 square feet.

The northeast side of town represents roughly 50% of the homes sold last year in the Tallahassee housing market, and Ox Bottom Manor is nestled right in the midst of the northeast. I find that doing a case-study on Ox Bottom is often a good snapshot of the real estate market in northeast Tallahassee.

Ox Bottom Manor Experiencing Price Declines

We have seen prices continue to decline in Ox Bottom Manor. The average price per square foot for a home sold in Ox Bottom Manor in 2008 was $142, with the trend dropping into the low $130s per foot. With 23 homes on the market and 24 homes sold, there is basically 12 months supply of homes in Ox Bottom Manor, which is just a little higher than the average of northeast Tallahassee.

home-sales-trend-in-ox-bottom-manor-tallahassee-florida

Ox Bottom Manor Sales

Type Avg. Price Avg. $/Ft Units Avg. Size Avg. Age
3 BR $345,000 $142 1 2,433 1993
4 BR $416,174 $142 23 2,944 1994
Grand Total $413,208 $142 24 2,922 1994
           

Homes For Sale In Ox Bottom Manor

Type Avg. Price Avg. $/Ft Units Avg. Size Avg. Age
3 BR $324,088 $145 8 2,246 1994
4 BR $424,160 $147 15 2,906 1995
Grand Total $389,352 $146 23 2,676 1995

Previous Reports On Ox Bottom Manor

The previous reports on Ox Bottom (as well as prior Tallahassee Subdivision Reports) demonstrate falling prices. As we have anticipated in the past, Tallahassee home prices will continue to fall as we reduce our inventory-laden market. People who want to sell a home in Ox Bottom Manor better keep a keen eye on the competition and price their home accordingly.

Homes Sold In Ox Bottom Manor in 2008

Address Price Closing Date Price/SQF # of Bedrooms
6018  QUAIL RIDGE DR $323,900 1/10/2008 $132.64 4
6309  pickney hill Road $407,500 2/5/2008 $151.37 4
6330  BELGRAND Drive $490,000 3/28/2008 $165.93 4
7956  EVENING STAR $690,300 3/31/2008 $164.04 4
8015  EVENING STAR $437,400 4/9/2008 $145.51 4
2092  Ox Bottom  Road $400,000 5/1/2008 $146.63 4
6000  BOYNTON HOMESTEAD $500,000 5/14/2008 $117.51 4
6369  Mallard Trace Drive $380,000 5/23/2008 $130.27 4
341  Meadow Ridge Drive $400,000 5/29/2008 $153.67 4
352  MEADOW RIDGE DR $340,000 6/5/2008 $126.68 4
417  Meadow Ridge Drive $449,000 6/9/2008 $140.22 4
347  Thornberg Drive $364,900 6/23/2008 $139.92 4
6421  MALLARD TRACE DR $387,500 6/30/2008 $150.19 4
6012  OX BOTTOM MANOR DR $400,000 7/3/2008 $140.70 4
6256  HINES HILL CIR $355,000 7/16/2008 $138.19 4
363  MILESTONE DRIVE $310,000 7/28/2008 $131.30 4
187  Meadow Ridge Drive $345,000 7/28/2008 $141.80 3
6018  Quail Ridge Dr $340,000 8/8/2008 $139.23 4
6359  San Martin Court $324,000 8/21/2008 $144.77 4
6000  BOYNTON HOMESTEAD $539,000 9/17/2008 $126.67 4
211  MEADOW RIDGE DR $465,000 9/18/2008 $136.76 4
421  Meadow Ridge Drive $412,500 9/25/2008 $144.48 4
6320  Glasgow Drive $415,000 9/29/2008 $135.58 4
558  MEADOW RIDGE DR $441,000 12/4/2008 $157.50 4

Homes For Sale In Ox Bottom Manor

Address Price Price/SQF # of Bedrooms
1809  Morning Star Lane $549,000 $120.18 4
6305  Coach House Court $329,900 $120.53 4
6393  Mallard Trace Drive $280,000 $125.17 3
6143  BORDERLINE DR $289,900 $131.30 4
6330  COACH HOUSE COURT $298,000 $137.39 3
526  MEADOW RIDGE DR $365,000 $137.42 3
6030  Quail Ridge $375,000 $138.12 4
6115  Ox Bottom Manor Drive $385,000 $139.09 4
5953  Ox Bottom Manor Drive $320,000 $139.13 3
6114  BORDERLINE DR $485,000 $141.56 4
136  Thistlewood Court $369,900 $144.89 4
6321  Sinkola Drive $365,000 $145.07 4
6391  Heritage Ridge Road $389,900 $145.59 3
522  Meadow Ridge Drive $429,000 $146.22 4
6328  Mallard Trace Drive $299,900 $152.16 3
6000  BOYNTON HOMESTEAD $650,000 $152.76 4
6336  Brace Court $290,000 $153.76 3
454  San Martin Drive $440,000 $153.85 4
6333  SINKOLA DR $370,000 $154.17 4
6367  Sinkola Drive $444,900 $164.78 4
182  Cotillion Circle $349,900 $169.20 3
6318  Coach House Court $399,900 $176.32 4
521  MEADOW RIDGE COURT $479,900 $179.33 4

Information Source: Tallahassee Board of Realtors Multiple Listing Service (MLS)

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Joe Manausa is 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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