Pebble Creek Subdivision Home Sales Report

Posted by Joe Manausa on Monday, July 20th, 2009 at 9:30am.

Well I'm back from the Army Football Golf Tournament (and we missed winning by 1 stroke) and furiously trying to catch up on emails and comments that were left by readers of the Tallahassee Real Estate Blog while I was away. As I have stated in the past, I really enjoy the feedback that we receive from readers and I like to let the flow of our blog follow from this input.

One question was about how home prices in Tallahassee were set. Reader "Brad" wanted to know who set prices on homes, as he noticed that many were not even being viewed by buyers because they were priced much higher than their competition. My response on who really sets the asking price in real estate can be viewed by clicking this link.

Another question came in from reader "Mary" who writes:

I’ve been looking at recent home sales in the Pebble Creek and Greens of Killearn subdivisions and I can’t find the sales that support your value indicators.  (Average Sale Price: Pebble Creek - $211,025 & Greens of Killearn - $195,700)

So rather than just focus on raw data, I've updated our Tallahassee Neighborhood Reports for Pebble Creek and for the Greens of Killearn to include real estate graphs as well as the chart of data that she requested.

Pebble Creek Subdivision Home Sales Report

When we look at existing home sales in Pebble Creek in Tallahassee, we see similar results as other Tallahassee neighborhoods. Unit sales of homes in Pebble Creek have dropped, though not as severely as many other neighborhoods until this year. No arms-length sale has occurred in Pebble Creek this year (through June), so pricing is a bit tougher to anticipate.

Pebble Creek Home Sales In Tallahassee

Arms Length Home Sales In Pebble Creek

Below is the recent sales data that Mary was interested in viewing. Note the last sale was in October of 2008. Remember, this is arms-length sales only, so any foreclosures, and familial sales have been removed. In the past, this was a standard way to evaluate properties because short sales and foreclosures were rare and did not really represent the true market value of the properties.

I suspect this won't always be the case in the near future, when these distressed property sales start to represent a major portion of our Tallahassee home sales. Arms length sales are defined as sales in which two unrelated and non-desperate parties would agree to a transaction, and "desperate" parties are beginning to appear everywhere.

Existing Home Sales In Pebble Creek

Parcel Address Price SqFt HC Sale Date
3315 PIPING ROCK ST 264,000 1996 10/6/2008
4305 RIVER CHASE 337,000 2272 5/8/2008
3324 PIPING ROCK ST 165,000 1752 4/30/2008
3312 PIPING ROCK ST 285,000 1844 1/18/2008
3332 PIPING ROCK ST 237,500 1829 11/28/2007
4287 RIVER CHASE 200,000 1710 8/9/2007
3316 PIPING ROCK ST 230,000 1547 3/6/2007
4101 TAM O SHANTER 285,000 2146 12/28/2006
4305 RIVER CHASE 326,000 2272 12/13/2006
4105 TAM O SHANTER 272,900 2004 9/27/2006
3324 PIPING ROCK ST 240,000 1752 9/1/2006
3320 PIPING ROCK ST 287,000 1885 1/18/2006
3444 JONATHANS LANDING RD 368,500 2613 1/3/2006
4297 RIVER CHASE 325,900 1798 10/18/2005
4098 TAM O SHANTER 275,000 1752 9/29/2005
3412 JONATHANS LANDING RD 310,000 2222 7/29/2005
3440 JONATHANS LANDING RD 215,000 2036 1/14/2005
4094 TAM O SHANTER 208,500 1802 12/3/2004
3312 PIPING ROCK ST 223,000 1844 9/24/2004
3447 JONATHANS LANDING RD 329,000 2959 9/10/2004
3340 PIPING ROCK ST 193,000 1736 7/22/2004
4101 TAM O SHANTER 240,000 2146 5/31/2004
4277 RIVER CHASE 197,000 1526 2/11/2004
4102 TAM O SHANTER 189,500 1727 10/20/2003
3444 JONATHANS LANDING RD 243,000 2613 10/15/2003
4297 RIVER CHASE 199,000 1798 8/15/2003
3421 JONATHANS LANDING RD 205,000 1874 7/3/2003
4097 TAM O SHANTER 222,000 2218 6/9/2003
3412 JONATHANS LANDING RD 213,800 2222 5/30/2003
4104 TAM O SHANTER 234,500 2301 5/15/2003
4089 TAM O SHANTER 224,000 1987 4/28/2003
3308 PIPING ROCK ST 179,000 1955 4/17/2003
3312 PIPING ROCK ST 187,500 1844 4/8/2003
4305 RIVER CHASE 255,000 2272 7/26/2002
4301 RIVER CHASE 258,500 2099 7/12/2002
4297 RIVER CHASE 198,900 1798 5/31/2002
3352 PIPING ROCK ST 249,000 2427 5/10/2002
3437 JONATHANS LANDING RD 195,000 1969 4/30/2002
4280 RIVER CHASE 149,400 1462 1/30/2002
3411 JONATHANS LANDING RD 198,000 2310 11/8/2001
4094 TAM O SHANTER 175,000 1802 10/19/2001
3437 JONATHANS LANDING RD 198,000 1969 8/15/2001
4089 TAM O SHANTER 180,000 1987 7/31/2001
3340 PIPING ROCK ST 133,000 1736 12/15/2000
3420 JONATHANS LANDING RD 180,000 2070 12/8/2000
3352 PIPING ROCK ST 135,000 2427 8/23/2000
4297 RIVER CHASE 225,000 1798 2/1/2000
3312 PIPING ROCK ST 165,000 1844 11/30/1999
4278 RIVER CHASE 239,500 2331 6/15/1999
4309 RIVER CHASE 192,000 1903 5/27/1999
3344 PIPING ROCK ST 185,900 2328 3/12/1999
3427 JONATHANS LANDING RD 185,000 1983 12/11/1998
3444 JONATHANS LANDING RD 185,900 2613 8/19/1998
3344 PIPING ROCK ST 174,500 2328 8/18/1998
4280 RIVER CHASE 136,500 1462 5/21/1998
3343 PIPING ROCK ST 215,000 1715 8/15/1997
3315 PIPING ROCK ST 175,200 1996 7/31/1997
3411 JONATHANS LANDING RD 179,500 2310 7/17/1997
4280 RIVER CHASE 135,000 1462 6/30/1997
4104 TAM O SHANTER 189,900 2301 6/9/1997
3437 JONATHANS LANDING RD 158,000 1969 2/25/1997
3448 JONATHANS LANDING RD 137,000 2099 12/2/1996
3444 JONATHANS LANDING RD 160,000 2613 8/30/1996
3344 PIPING ROCK ST 145,400 1620 8/27/1996
3424 JONATHANS LANDING RD 161,500 2429 7/31/1996
4097 TAM O SHANTER 164,000 2218 6/3/1996
4309 RIVER CHASE 152,500 1903 11/24/1995
3412 JONATHANS LANDING RD 184,500 2222 11/20/1995
4280 RIVER CHASE 125,000 1462 10/6/1995
4287 RIVER CHASE 147,000 1710 8/17/1995
3340 PIPING ROCK ST 120,000 1736 7/13/1995
3423 JONATHANS LANDING RD 180,000 2607 6/1/1995
4277 RIVER CHASE 130,000 1526 9/27/1994
3421 JONATHANS LANDING RD 140,000 1874 6/30/1994
3441 JONATHANS LANDING RD 156,000 2142 6/30/1994
4101 TAM O SHANTER 166,500 2146 4/6/1994
3315 PIPING ROCK ST 157,000 1996 3/25/1994
3427 JONATHANS LANDING RD 175,000 1983 10/25/1993
4089 TAM O SHANTER 154,000 1987 9/3/1993
3431 JONATHANS LANDING RD 160,000 2368 8/9/1993
3447 JONATHANS LANDING RD 195,000 2959 5/27/1993
3308 PIPING ROCK ST 115,000 1955 7/29/1992
3444 JONATHANS LANDING RD 162,000 2613 1/22/1992
3420 JONATHANS LANDING RD 136,000 2070 8/16/1991

Tomorrow, we'll take a look at the Greens of Killearn Neighborhood.

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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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