Ox Bottom And Summerbrooke Long-Term TrendThis first graph shows us the kind of information that homeowners love to see. Values climbing over time. This is the reason that people choose to buy homes rather than rent. All four neighborhoods represented in the graph have done very well over the long-term.
Ox Bottom And Summerbrooke Short-Term TrendThe trend for the past two years has been one of recovery for these strong Northeast Tallahassee communities. As you can see, the run-up in prices was very steep and each community is seeing corrective pricing at this time. The following table shows how much the average price has fallen from its high in each corresponding neighborhood:
||Value vs. Market High
|Ox Bottom Gardens
|Ox Bottom Reserve
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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.
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.