Sable Chase Home Sales Report

Posted by Joe Manausa on Tuesday, November 3rd, 2009 at 10:56am.

Sable Chase in Tallahassee joins Killearn Lakes to Bannerman Road, with homes priced from $170,000 to $300,000.

Like many people who live in Killearn Lakes Plantation, I've discovered a great little neighborhood (56 homes) that joins Killearn Lakes to Bannerman Road. It's called Sable Chase and it is relatively new, with new home sales that started just five years ago.

Unlike some of the larger subdivisions in Tallahassee for which we report, Sable Chase has fewer than 1 home sold each month, so the trends are not as clear to see. The key to trend reporting is to have enough sales (liquidity) that you can draw clear conclusions from the data. With fewer than 1 sale per month, we see quite a bit of "noise" in the data.

Sable Chase Tallahassee Home Sales Graph

In the real estate graph above, the vertical blue bars show the average number of homes sold in Sable Chase each month, while the red field represents the average price trend. Like most neighborhoods in Tallahassee, Sable Chase home prices have been on a steady decline since the top of the market.

Sable Chase Home Values Dropping

In order to get a feel for the level of depreciation in Sable Chase, we look at the overall average price per square foot of arms-length existing home sales. We can see that the peak of the market enjoyed home values that exceeded $150 per square foot, but recently, prices have trended down to $125 per square foot. This seems consistent with many other areas which have seen similar drops.

Sable Chase Tallahassee Average Home Price Graph

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Recent Home Sales In Sable Chase

Parcel Address Price SqFt HC Sale Date
8428 IVY BROOK LN $171,500 1,490 7/23/2009
8404 IVY BROOK LN $222,000 1,754 5/27/2009
1846 ACORN RIDGE TRL $217,900 1,651 3/25/2009
8386 IVY MILL WAY $231,000 1,651 7/15/2008
8366 IVY MILL WAY $250,000 1,693 6/10/2008
8374 IVY MILL WAY $268,000 1,729 6/5/2008
1858 ACORN RIDGE TRL $240,000 1,764 5/30/2008
8420 IVY BROOK LN $200,700 1,651 5/13/2008
8389 IVY BROOK LN $279,900 2,013 3/31/2008
8412 IVY BROOK LN $221,100 1,425 3/20/2008
8389 IVY BROOK LN $285,500 2,013 12/14/2007
1826 ACORN RIDGE TRL $275,000 1,980 6/25/2007
8413 IVY BROOK LN $300,000 2,405 4/12/2007
8395 IVY MILL WAY $269,000 1,745 4/6/2007
1833 ACORN RIDGE TRL $218,900 1,477 10/18/2006
8370 IVY MILL WAY $279,000 1,775 9/28/2006
8449 IVY BROOK LN $264,000 1,693 9/12/2006
8445 IVY BROOK LN $250,000 1,669 8/30/2006
1790 ACORN RIDGE TRL $288,300 1,748 8/25/2006
8389 IVY BROOK LN $325,000 2,013 8/11/2006
8433 IVY BROOK LN $267,500 1,709 7/31/2006
8440 IVY BROOK LN $291,400 1,837 6/19/2006
8394 IVY MILL WAY $255,000 1,826 5/19/2006
8369 IVY MILL WAY $231,000 1,640 4/28/2006
1798 ACORN RIDGE TRL $222,500 1,681 4/14/2006
1834 ACORN RIDGE TRL $256,500 1,724 4/6/2006
1822 ACORN RIDGE TRL $249,000 1,697 3/31/2006
8420 IVY BROOK LN $238,800 1,651 3/23/2006
1806 ACORN RIDGE TRL $278,000 2,011 3/15/2006
8416 IVY BROOK LN $243,600 1,745 3/2/2006
1810 ACORN RIDGE TRL $241,700 1,617 2/22/2006
8428 IVY BROOK LN $203,000 1,490 1/9/2006
1858 ACORN RIDGE TRL $260,000 1,764 1/5/2006
8402 IVY MILL WAY $246,500 1,747 1/5/2006
1814 ACORN RIDGE TRL $266,400 1,806 12/29/2005
1807 ACORN RIDGE TRL $251,000 1,793 12/21/2005
8425 IVY BROOK LN $310,000 1,938 12/19/2005
8377 IVY MILL WAY $239,800 1,675 12/16/2005
8421 IVY BROOK LN $275,200 1,938 12/15/2005
8382 IVY MILL WAY $206,800 1,477 11/18/2005
1854 ACORN RIDGE TRL $228,700 1,474 11/10/2005
8386 IVY MILL WAY $229,500 1,651 11/10/2005
8398 IVY MILL WAY $215,600 1,448 10/24/2005
1822 ACORN RIDGE TRL $218,500 1,697 10/12/2005
1853 ACORN RIDGE TRL $269,000 1,837 10/12/2005
8390 IVY MILL WAY $265,200 2,022 10/4/2005
1799 ACORN RIDGE TRL $261,000 1,751 9/30/2005
1811 ACORN RIDGE TRL $262,100 1,823 9/26/2005
1826 ACORN RIDGE TRL $231,200 1,980 9/22/2005
1845 ACORN RIDGE TRL $259,600 1,732 9/22/2005
8389 IVY BROOK LN $290,000 2,013 9/22/2005
8406 IVY MILL WAY $222,500 1,472 9/13/2005
1818 ACORN RIDGE TRL $223,500 1,777 8/31/2005
1838 ACORN RIDGE TRL $238,500 1,672 8/12/2005
8381 IVY MILL WAY $256,700 1,935 8/11/2005
1830 ACORN RIDGE TRL $236,200 1,855 7/28/2005
1803 ACORN RIDGE TRL $241,500 1,708 7/27/2005
1794 ACORN RIDGE TRL $262,500 1,919 7/22/2005
8453 IVY BROOK LN $239,000 1,664 7/20/2005
8400 IVY BROOK LN $259,900 1,997 6/24/2005
8370 IVY MILL WAY $252,500 1,775 6/7/2005
8445 IVY BROOK LN $222,600 1,669 5/16/2005
8405 IVY BROOK LN $210,900 1,687 5/12/2005
1795 ACORN RIDGE TRL $213,900 1,542 4/27/2005
8441 IVY BROOK LN $219,200 1,664 4/22/2005
8449 IVY BROOK LN $222,800 1,693 4/22/2005
8429 IVY BROOK LN $223,600 1,670 3/31/2005
8437 IVY BROOK LN $238,600 1,542 3/11/2005
8433 IVY BROOK LN $228,700 1,709 2/24/2005
8432 IVY BROOK LN $214,600 1,474 2/18/2005

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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