Summerbrooke Neighborhood Home Sales Report

Posted by Joe Manausa on Wednesday, July 8th, 2009 at 11:28am.

It's time for another quick update of a popular Tallahassee neighborhood. Today we'll take a quick peek at Summerbrooke, a golf course community located on the Northeast side of the Tallahassee real estate market.

In order to produce this report, I went to all recorded home sales in Summerbrooke and removed the "non arms length" sales. This means that if a bank was a buyer or seller, or if a quit claim deed was recorded, that information was not used for this report. Additionally, I only used existing home sales, so no builder homes were included in this report.

The resulting information should give people who own a home in Summerbrooke an idea of what the competition looks like should they decide to sell a home. Of course, this is not an appraisal for a specific home, as no final adjustments will be considered (for example, this report will show average prices, but will not distinguish between the higher valued golf course frontage homes and those on the interior).

The Number Of Home Sales In Summerbrooke Continues To Decline

Much like many other Tallahassee neighborhoods, Summerbrooke is seeing fewer homes sold this year than in the past few years. But unlike many other Tallahassee subdivisions, this trend started in 2003, not in 2005 or 2006.

Summerbrooke Home Sales In Tallahassee

The red bars in the real estate graph above represent the number of homes sold in Summerbrooke each year. In 2003, there were over 70, yet this year through May there have been only 9 (again, arms length sales only). Additionally, we see that the average home price, based upon these sales, has dropped from 2006 by nearly $130K. But look at the prices in 2003 when so many sales were recorded and you will see that the current price of a home in Summerbrooke is higher!

Home Values Have Dropped In Summerbrooke

Not surprisingly, home values show a decline in Summerbrooke as well. Without doing extensive research, one simple way to estimate real estate depreciation (or appreciation) is to compare a large group of properties' average square footage prices over time. When we look at home values in Summerbrooke, we see a gigantic rise, followed by sharp fall-off.

Summerbrooke Home Values In Tallahassee

Recent Existing Home Sales In Summerbrooke

Parcel Address Price SqFt HC Sale Date
7912 PRESERVATION RD 315,000 2239 5/22/2009
1359 CONSERVANCY CT E 277,500 2153 5/7/2009
7110 HERITAGE RIDGE RD 369,000 2523 5/6/2009
7510 PRESERVATION RD 485,000 2847 5/6/2009
7516 PRESERVATION RD 376,000 2450 4/24/2009
1346 CONSERVANCY DR E 385,000 2940 4/3/2009
1228 GREENSWARD DR 460,000 3032 4/3/2009
7845 PRESERVATION RD 240,000 2151 3/16/2009
8086 RONDS POINTE CT 370,000 2448 1/12/2009
7477 PRESERVATION RD 550,000 3641 12/10/2008
7708 PRESERVATION RD 410,000 2910 12/5/2008
1144 GREENSWARD DR 365,000 2799 12/2/2008
1383 CONSERVANCY DR E 360,000 2700 11/24/2008
8116 BLENHEIM LN 342,900 2448 11/21/2008
1435 CONSERVANCY DR E 439,000 2961 10/31/2008
8129 VIBURNUM CT 390,000 2891 10/27/2008
7585 PRESERVATION RD 440,000 3217 9/12/2008
917 SUMMERBROOKE DR 535,000 3018 9/5/2008
7133 WOODED GORGE RD 440,000 3622 8/1/2008
1108 GREENSWARD DR 452,500 3203 7/30/2008
1209 CONSERVANCY DR E 315,000 2318 7/9/2008
1435 CONSERVANCY DR E 440,000 2961 6/30/2008
1224 GREENSWARD DR 540,000 3386 6/30/2008
512 SUMMERBROOKE DR 450,000 2530 6/27/2008
1378 CONSERVANCY DR E 415,000 2661 6/20/2008
1060 SUMMERBROOKE DR 460,000 3004 6/10/2008
1400 CONSERVANCY DR E 380,000 2573 5/15/2008
1304 CONSERVANCY DR E 435,000 2813 5/1/2008
1112 LOCHKNOLL CT 630,000 3717 4/25/2008
883 HILL ROOST RD 319,300 2178 3/21/2008
8136 VIBURNUM CT 380,000 2768 3/21/2008
874 HILL ROOST RD 489,900 3158 3/21/2008
1391 CONSERVANCY DR E 365,000 2437 3/5/2008
7083 SPICEWOOD LN 315,000 2128 1/31/2008
7540 PRESERVATION RD 465,000 2728 1/18/2008
7116 WOODED GORGE RD 390,000 2360 1/7/2008
7695 WILLOW BASTIC CT 365,000 2501 1/5/2008
7684 PRESERVATION RD 373,000 2543 12/27/2007
7993 PRESERVATION RD 385,000 2570 12/27/2007
940 SUMMERBROOKE DR 365,000 2543 11/16/2007
1113 LOCHKNOLL CT 800,000 4037 11/5/2007
7501 REFUGE RD 505,000 2847 11/2/2007
7727 PRESERVATION RD 470,000 2578 10/31/2007
1328 CONSERVANCY DR E 450,000 2859 10/30/2007
8071 LONGMEADOW DR 355,000 2694 10/15/2007
1112 GREENSWARD DR 330,000 2338 10/9/2007
7923 PRESERVATION RD 475,000 2625 8/20/2007
7064 SPICEWOOD LN 357,000 1939 8/15/2007
1307 CONSERVANCY DR E 360,000 2233 8/15/2007
6999 SPICEWOOD LN 399,900 3002 8/13/2007
1348 CONSERVANCY DR E 525,000 2732 8/7/2007
6680 SPICEWOOD LN 435,000 2837 7/27/2007
7542 REFUGE RD 490,000 2954 7/23/2007
7767 PRESERVATION RD 385,900 2474 7/6/2007
7959 PRESERVATION RD 400,000 2476 7/3/2007
7898 PRESERVATION RD 387,000 2181 6/29/2007
8157 PARTERRE CT 420,000 2458 6/15/2007
1212 CONSERVANCY DR E 509,900 2615 6/8/2007
1144 GREENSWARD DR 430,000 2808 6/4/2007
317 SUMMERBROOKE DR 440,000 2359 6/1/2007
7733 CRICKLEWOOD DR 500,000 2608 5/31/2007
980 SUMMERBROOKE DR 387,500 2526 4/23/2007
8060 PRESERVATION RD 439,000 2901 4/2/2007
7128 UPLAND GLADE 337,900 2377 3/30/2007
7140 WOODED GORGE RD 443,000 2673 3/30/2007
7130 NESTERS DR 491,500 3027 3/30/2007
7036 HERITAGE RIDGE RD 460,000 3187 3/19/2007
1431 CONSERVANCY DR E 360,000 2428 3/12/2007
7757 CRICKLEWOOD DR 430,000 2678 2/28/2007
7133 WOODED GORGE RD 400,000 3622 2/28/2007
7575 PRESERVATION RD 499,000 3110 2/27/2007
1204 WAX WING CT 315,000 2035 2/23/2007
1244 CONSERVANCY DR E 465,000 2683 2/16/2007
1315 CONSERVANCY DR E 370,000 2328 2/2/2007
1156 RONDS POINTE DR E 459,900 2806 1/18/2007

subscribe-to-the-exclusive-tallahassee-real-estate-newsletter

Subscribe in a reader Subscribe by email

As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible. Additionally, if you would like to respond (leave a comment) to this article, you will need to “click through” to the blog site to post your feedback.

Keep checking out the Tallahassee Real Estate Blog every day for updates on real estate in Tallahassee Florida.
If you like this Article then please subscribe to my blog through a full RSS feed, or you can Subscribe by Email. You will be able to stay informed about the happenings in the Tallahassee Real Estate Market.
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.
NewsletterArchives MarketReportBlog

 View Joe Manausa's profile on LinkedIn

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.

Leave a Comment