Summerbrooke Home Sales Fighting To Recover

Posted by Joe Manausa on Wednesday, March 10th, 2010 at 8:32am.

Summerbrooke home sales show home prices are still dropping but monthly sales are on the rise. Just how soon will the market will reach equilibrium.

Summerbrooke home sales are "fighting the fight" that we are seeing in most Tallahassee neighborhoods. Home prices are still dropping in Summerbrooke, but monthly sales are on the rise, which is a major step in moving the market towards a balance between supply and demand.

With just under 10 months of supply of homes for sale in Summerbrooke, we will see continued pricing pressure as heavy competition still favors the buyers in the market. The real estate graph below shows the average sales price of homes in Summerbrooke, as well as how many homes sold each year.

Home Prices In Summerbrooke

In the real estate graph above, the red field shows that the average home price has dropped from nearly $475,000 in 2006 down to nearly $350,000 just last year. Unit sales dropped below thirty for the past two years, but the monthly sales trend (not pictured) is on a slight rise.

When we look at relative values of homes in Summerbrooke, we see that the average home value has come down about 15% from the top of the market. This is far better than what we've seen in many other Tallahassee neighborhoods (Southwood was down 24% last time we checked). The current status in Summerbrooke:

  • Average Unit Sales: -60%
  • Average Sales Price -24%
  • Average Price Per Square Foot: -15%

Home Values In Summerbrooke

Existing Home Sales In Summerbrooke (Sortable Table)

Address

Price

Size

PPSFT

Year Built

Sale Date

7924 PRESERVATION RD $350,000 2,478 $141 1996 2009-12-30
8060 PRESERVATION RD $330,000 2,901 $113 2004 2009-12-18
1404 CONSERVANCY DR E $320,000 2,417 $132 1998 2009-12-08
7522 REFUGE RD $430,000 3,762 $114 2003 2009-11-16
317 SUMMERBROOKE DR $299,000 2,359 $126 1990 2009-11-06
8150 PARTERRE CT $290,000 2,314 $125 2001 2009-11-02
932 SUMMERBROOKE DR $375,000 3,084 $121 1993 2009-10-30
1160 CONSERVANCY DR W $358,000 2,772 $129 1996 2009-10-29
1200 GREENSWARD DR $343,500 2,454 $139 2000 2009-10-27
924 SUMMERBROOKE DR $360,000 2,294 $156 1996 2009-08-31
1276 CONSERVANCY DR E $395,000 2,980 $132 2001 2009-08-13
1044 SUMMERBROOKE DR $380,000 3,329 $114 1994 2009-08-11
893 SUMMERBROOKE DR $309,000 2,822 $109 1994 2009-08-10
1136 GREENSWARD DR $383,000 2,447 $156 1999 2009-08-10
1009 SUMMERBROOKE DR $412,500 2,404 $171 2005 2009-08-07
637 SUMMERBROOKE DR $374,000 2,956 $126 1991 2009-08-04
7874 PRESERVATION RD $325,000 2,363 $137 1997 2009-07-24
7734 CRICKLEWOOD DR $400,000 3,326 $120 2001 2009-07-10
1337 CONSERVANCY DR E $335,000 2,263 $148 2000 2009-06-29
7912 PRESERVATION RD $315,000 2,239 $140 2000 2009-05-22
1359 CONSERVANCY CT E $277,500 2,153 $128 2001 2009-05-07
7110 HERITAGE RIDGE RD $369,000 2,523 $146 1992 2009-05-06
7510 PRESERVATION RD $485,000 2,847 $170 2000 2009-05-06
7516 PRESERVATION RD $376,000 2,450 $153 1995 2009-04-24
1346 CONSERVANCY DR E $385,000 2,940 $130 2002 2009-04-03
1228 GREENSWARD DR $460,000 3,032 $151 2001 2009-04-03
7845 PRESERVATION RD $240,000 2,151 $111 1995 2009-03-16
6520 SPICEWOOD LN $325,000 2,436 $133 1997 2009-02-06
8086 RONDS POINTE CT $370,000 2,448 $151 2002 2009-01-12
7477 PRESERVATION RD $550,000 3,641 $151 2003 2008-12-10
7708 PRESERVATION RD $410,000 2,910 $140 1995 2008-12-05
1144 GREENSWARD DR $365,000 2,799 $130 1999 2008-12-02
1383 CONSERVANCY DR E $360,000 2,700 $133 1997 2008-11-24
8116 BLENHEIM LN $342,900 2,448 $140 2003 2008-11-21
1435 CONSERVANCY DR E $439,000 2,961 $148 2000 2008-10-31
8129 VIBURNUM CT $390,000 2,891 $134 2002 2008-10-27
7585 PRESERVATION RD $440,000 3,217 $136 2000 2008-09-12
917 SUMMERBROOKE DR $535,000 3,018 $177 1993 2008-09-05
7133 WOODED GORGE RD $440,000 3,622 $121 1995 2008-08-01
1108 GREENSWARD DR $452,500 3,203 $141 1998 2008-07-30
1209 CONSERVANCY DR E $315,000 2,318 $135 2001 2008-07-09
1435 CONSERVANCY DR E $440,000 2,961 $148 2000 2008-06-30
1224 GREENSWARD DR $540,000 3,386 $159 2003 2008-06-30
512 SUMMERBROOKE DR $450,000 2,530 $177 1990 2008-06-27
1378 CONSERVANCY DR E $415,000 2,661 $155 1999 2008-06-20
8124 BLENHEIM LN $334,000 2,532 $131 2000 2008-06-11
1060 SUMMERBROOKE DR $460,000 3,004 $153 2002 2008-06-10
1400 CONSERVANCY DR E $380,000 2,573 $147 1999 2008-05-15
1304 CONSERVANCY DR E $435,000 2,813 $154 1998 2008-05-01
1112 LOCHKNOLL CT $630,000 3,717 $169 2000 2008-04-25
883 HILL ROOST RD $319,300 2,178 $146 1992 2008-03-21
8136 VIBURNUM CT $380,000 2,768 $137 2003 2008-03-21
874 HILL ROOST RD $489,900 3,158 $155 2000 2008-03-21
1391 CONSERVANCY DR E $365,000 2,437 $149 1999 2008-03-05
7083 SPICEWOOD LN $315,000 2,128 $148 2001 2008-01-31
7540 PRESERVATION RD $465,000 2,728 $170 2000 2008-01-18
7116 WOODED GORGE RD $390,000 2,360 $165 1996 2008-01-07
7695 WILLOW BASTIC CT $365,000 2,501 $145 1994 2008-01-05
7684 PRESERVATION RD $373,000 2,543 $146 1995 2007-12-27
7993 PRESERVATION RD $385,000 2,570 $149 2003 2007-12-27
940 SUMMERBROOKE DR $365,000 2,543 $143 1994 2007-11-16
1113 LOCHKNOLL CT $800,000 4,037 $198 1997 2007-11-05
7501 REFUGE RD $505,000 2,847 $177 1996 2007-11-02
7727 PRESERVATION RD $470,000 2,578 $182 1995 2007-10-31
1328 CONSERVANCY DR E $450,000 2,859 $157 2001 2007-10-30
8071 LONGMEADOW DR $355,000 2,694 $131 2000 2007-10-15
1112 GREENSWARD DR $330,000 2,338 $141 1997 2007-10-09
7923 PRESERVATION RD $475,000 2,625 $180 1998 2007-08-20
7064 SPICEWOOD LN $357,000 1,939 $184 2000 2007-08-15
1307 CONSERVANCY DR E $360,000 2,233 $161 1997 2007-08-15
6999 SPICEWOOD LN $399,900 3,002 $133 2001 2007-08-13
1348 CONSERVANCY DR E $525,000 2,732 $192 1997 2007-08-07
6680 SPICEWOOD LN $435,000 2,837 $153 2001 2007-07-27
7542 REFUGE RD $490,000 2,954 $165 2001 2007-07-23
7767 PRESERVATION RD $385,900 2,474 $155 2001 2007-07-06
7959 PRESERVATION RD $400,000 2,476 $161 2000 2007-07-03
7898 PRESERVATION RD $387,000 2,181 $177 2000 2007-06-29
8157 PARTERRE CT $420,000 2,458 $170 2002 2007-06-15
1212 CONSERVANCY DR E $509,900 2,615 $194 1996 2007-06-08
1144 GREENSWARD DR $430,000 2,808 $153 1999 2007-06-04
317 SUMMERBROOKE DR $440,000 2,359 $186 1990 2007-06-01
7733 CRICKLEWOOD DR $500,000 2,608 $191 2002 2007-05-31
980 SUMMERBROOKE DR $387,500 2,526 $153 1993 2007-04-23
8060 PRESERVATION RD $439,000 2,901 $151 2004 2007-04-02
7128 UPLAND GLADE $337,900 2,377 $142 1992 2007-03-30
7140 WOODED GORGE RD $443,000 2,673 $165 2001 2007-03-30
7130 NESTERS DR $491,500 3,027 $162 1995 2007-03-30
7036 HERITAGE RIDGE RD $460,000 3,187 $144 1994 2007-03-19
1431 CONSERVANCY DR E $360,000 2,428 $148 1996 2007-03-12
7133 WOODED GORGE RD $400,000 3,622 $110 1995 2007-02-28
7757 CRICKLEWOOD DR $430,000 2,678 $160 1997 2007-02-28
7575 PRESERVATION RD $499,000 3,110 $160 2003 2007-02-27
1204 WAX WING CT $315,000 2,035 $154 1995 2007-02-23
1244 CONSERVANCY DR E $465,000 2,683 $173 1997 2007-02-16
1315 CONSERVANCY DR E $370,000 2,328 $158 1999 2007-02-02
1156 RONDS POINTE DR E $459,900 2,806 $163 1999 2007-01-18
1356 CONSERVANCY DR E $397,000 2,365 $167 1999 2006-12-28
1268 CONSERVANCY DR E $440,000 3,033 $145 2001 2006-12-27
1268 CONSERVANCY DR E $440,000 3,033 $145 2001 2006-12-27
7983 LOCHKNOLL LN $495,000 2,911 $170 2000 2006-12-22
1220 GREENSWARD DR $475,000 3,190 $148 2001 2006-12-20
1196 GREENSWARD DR $525,000 3,090 $169 1997 2006-12-15
8169 PARTERRE CT $381,000 2,571 $148 2003 2006-11-30
1205 GREENSWARD DR $425,000 2,490 $170 1998 2006-11-30
7115 NESTERS DR $535,000 3,180 $168 2003 2006-11-22
1356 CONSERVANCY DR E $397,000 2,365 $167 1999 2006-11-07
7641 SUMMER TANAGER DR $520,000   $0   2006-10-13
8122 VIBURNUM CT $369,900 2,164 $170 2003 2006-10-12
1252 CONSERVANCY DR E $610,000 3,944 $154 1995 2006-10-12
1379 CONSERVANCY DR E $425,000 2,826 $150 2000 2006-10-02
893 SUMMERBROOKE DR $465,000 2,822 $164 1994 2006-09-22
994 VIREOS CIR $499,000 2,660 $187 1994 2006-09-22
8122 VIBURNUM CT $369,900 2,164 $170 2003 2006-09-15
1242 RONDS POINTE DR E $380,000 2,394 $158 2004 2006-09-15
1033 SUMMERBROOKE DR $550,000 2,796 $196 2003 2006-09-01
7837 PRESERVATION RD $444,000 2,691 $164 2003 2006-08-31
7103 HERITAGE RIDGE RD $588,000 3,643 $161 2004 2006-08-28
7103 HERITAGE RIDGE RD $588,000 3,643 $161 2004 2006-08-23
1391 CONSERVANCY DR E $387,000 2,437 $158 1999 2006-08-21
1199 RONDS POINTE DR E $406,000 2,451 $165 2002 2006-08-10
1202 CONSERVANCY DR E $462,500 2,602 $177 1996 2006-08-10
1166 RONDS POINTE DR E $344,500 2,231 $154 2002 2006-08-03
7108 WOODED GORGE RD $488,000 3,368 $144 2003 2006-07-31
7898 PRESERVATION RD $364,600 2,181 $167 2000 2006-07-28
1020 SUMMERBROOKE DR $660,000 3,218 $205 1996 2006-07-27
7628 REFUGE RD $778,900 3,783 $205 1996 2006-07-21
7886 RAEL CT $475,000 3,338 $142 1999 2006-07-14
1204 GREENSWARD DR $479,900 2,726 $176 2002 2006-07-14
1378 CONSERVANCY DR E $444,000 2,661 $166 1999 2006-07-10
1120 RONDS POINTE DR W $445,000 2,606 $170 2000 2006-06-30
1104 LOCHKNOLL CT $620,000 3,154 $196 2004 2006-06-30
712 SUMMERBROOKE DR $617,500 3,489 $176 2000 2006-06-29
1183 CONSERVANCY DR W $487,000 2,919 $166 2001 2006-06-09
1165 CONSERVANCY DR W $457,500 3,107 $147 1995 2006-06-01
8157 PARTERRE CT $415,000 2,458 $168 2002 2006-05-26
1012 SUMMERBROOKE DR $499,000 3,213 $155 1995 2006-05-25
7124 WOODED GORGE RD $420,000 2,547 $164 1995 2006-05-23
7924 PRESERVATION RD $365,000 2,482 $147 1996 2006-05-18
1181 RONDS POINTE DR E $403,500 2,582 $156 2002 2006-05-12
7924 PRESERVATION RD $365,000 2,482 $147 1996 2006-05-09
7978 PRESERVATION RD $509,800 2,940 $173 2003 2006-05-09
6584 SPICEWOOD LN $365,000 2,100 $173 1996 2006-04-28
1131 RONDS POINTE DR W $530,000   $0   2006-04-28
7609 REFUGE RD $550,000 3,276 $167 2001 2006-04-28
7113 LAKE BASIN RD $390,000 2,570 $151 1990 2006-04-14
7032 SPICEWOOD LN $422,000 2,683 $157 2003 2006-04-10
7829 PRESERVATION RD $463,000 2,807 $164 2002 2006-03-23
1239 GREENSWARD DR $368,000 2,265 $162 1998 2006-03-13
7551 PRESERVATION RD $527,000 3,332 $158 2004 2006-02-08
1220 CONSERVANCY DR E $450,000 3,038 $148 1995 2006-01-31
1135 CONSERVANCY DR W $499,000 2,732 $182 1998 2006-01-17

Great Tallahassee Real Estate Resources

Do you want to know more about the Tallahassee real estate market? It is not as hard as you might think keeping up with the movements in the housing market, you just have to know where to look. The following are some of the best resources that you can find on Tallahassee real estate:

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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