Every once in a while I run across a neighborhood in Tallahassee that bucks the trend of declining home sales in the Tallahassee real estate market. Today is a little different, though we do see a very recent decline in the number of homes being sold in the Greens of Killearn.
Yesterday’s blog about Pebble Creek in Tallahassee was written because of a question that came in from reader “Mary” who wrote:
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)
Having given Mary some great detail about the home sales in Pebble Creek yesterday, today’s blog will feature the Greens of Killearn to include real estate graphs as well as the chart of data that she requested.
Home Sales In The Greens Of Killearn In Tallahassee
When we look at existing home sales in the Greens of Killearn, we see a Tallahassee subdivision that only has a handful of resales each year. The one exception is in 2007, when ten resale homes were sold. Nevertheless, home sale prices in the Greens of Killearn have followed the same trend as many other Tallahassee neighborhoods on which we have reported.
As we can see in the real estate graph above, the average value of a home in the Greens of Killearn shot up from under $100 per square foot in 2003 to over $160 per square foot by 2007, and has since dropped by about 5%. This is a huge swing in valuations considering that wages surely did not move like this during those years.
Another important point to understand from the graph above is that this information is through June of 2009, yet there are no arms-length existing home sales in 2009. For a community with relatively few sales each year, coming off a year with quite a few sales, this might not mean a whole lot. But if I were a homeowner who wanted to sell, I would be concerned about that lack of activity in 2009 (even though the three sales from 2008 were in the later part of the year).
Recent Arms Length Existing Home Sales In The Greens of Killearn
| Parcel Address | Price | SqFt HC | Sale Date |
| 3074 WHITE IBIS WAY | 315,000 | 2227 | 10/24/2008 |
| 4034 SAWGRASS CIR | 307,500 | 1760 | 9/29/2008 |
| 3085 SAWGRASS CIR | 325,000 | 2095 | 9/3/2008 |
| 3094 WHITE IBIS WAY | 292,000 | 1912 | 12/27/2007 |
| 3073 WHITE IBIS WAY | 315,000 | 1801 | 10/26/2007 |
| 3066 SAWGRASS CIR | 383,000 | 2162 | 9/21/2007 |
| 3017 SAWGRASS CIR | 365,500 | 2251 | 9/13/2007 |
| 3033 WHITE IBIS WAY | 325,000 | 1836 | 8/22/2007 |
| 3045 WHITE IBIS WAY | 295,000 | 1872 | 6/22/2007 |
| 3050 SAWGRASS CIR | 340,000 | 2145 | 5/22/2007 |
| 3009 SAWGRASS CIR | 348,000 | 1804 | 5/10/2007 |
| 3034 WHITE IBIS WAY | 363,900 | 2207 | 2/26/2007 |
| 3078 SAWGRASS CIR | 345,000 | 2225 | 2/20/2007 |
| 3077 SAWGRASS CIR | 395,000 | 2710 | 11/1/2006 |
| 3066 SAWGRASS CIR | 350,000 | 2162 | 5/26/2006 |
| 3034 WHITE IBIS WAY | 350,000 | 2207 | 4/10/2006 |
| 3049 WHITE IBIS WAY | 361,000 | 2613 | 10/17/2005 |
| 3053 SAWGRASS CIR | 363,000 | 2295 | 5/12/2005 |
| 3046 WHITE IBIS WAY | 335,000 | 2095 | 3/4/2005 |
| 3074 WHITE IBIS WAY | 350,000 | 2227 | 12/27/2004 |
| 3026 WHITE IBIS WAY | 295,000 | 1818 | 12/16/2004 |
| 3037 SAWGRASS CIR | 285,000 | 2241 | 4/12/2004 |
| 3072 WHITE IBIS WAY | 250,000 | 2237 | 8/25/2003 |
| 3066 SAWGRASS CIR | 249,900 | 2162 | 6/25/2003 |
| 3089 WHITE IBIS WAY | 218,300 | 1788 | 6/18/2003 |
| 3046 SAWGRASS CIR | 225,000 | 1775 | 5/6/2003 |
| 118,000 | 3192 | 3/25/2003 | |
| 285,000 | 3192 | 2/28/2003 | |
| 3017 SAWGRASS CIR | 258,000 | 2251 | 10/1/2002 |
| 4042 SAWGRASS CIR | 256,000 | 2106 | 9/3/2002 |
| 3062 SAWGRASS CIR | 205,000 | 1866 | 7/30/2002 |
| 3069 SAWGRASS CIR | 275,000 | 2692 | 7/24/2002 |
| 3037 WHITE IBIS WAY | 210,000 | 2207 | 3/12/2002 |
| 3094 WHITE IBIS WAY | 207,000 | 1912 | 11/29/2001 |
| 3097 WHITE IBIS WAY | 247,000 | 2682 | 9/21/2001 |
| 3057 SAWGRASS CIR | 223,000 | 2162 | 9/12/2001 |
| 3021 SAWGRASS CIR | 245,000 | 2669 | 9/12/2001 |
| 3077 SAWGRASS CIR | 245,000 | 2710 | 9/10/2001 |
| 3026 WHITE IBIS WAY | 205,000 | 1818 | 4/27/2001 |
| 3093 SAWGRASS CIR | 171,600 | 1676 | 2/14/2001 |
| 4042 SAWGRASS CIR | 229,000 | 2106 | 11/3/2000 |
| 3057 WHITE IBIS WAY | 218,000 | 2180 | 7/20/2000 |
| 3077 SAWGRASS CIR | 237,000 | 2710 | 6/13/2000 |
| 3021 SAWGRASS CIR | 246,000 | 2669 | 2/18/2000 |
| 3066 SAWGRASS CIR | 192,000 | 2162 | 11/2/1999 |
| 3062 SAWGRASS CIR | 194,500 | 1866 | 10/18/1999 |
| 3053 SAWGRASS CIR | 225,000 | 2295 | 5/10/1999 |
| 3046 WHITE IBIS WAY | 199,500 | 2095 | 4/30/1999 |
| 3057 SAWGRASS CIR | 216,000 | 2162 | 12/15/1998 |
| 3029 WHITE IBIS WAY | 178,000 | 1788 | 7/31/1998 |
| 3025 SAWGRASS CIR | 184,900 | 1773 | 7/20/1998 |
| 3093 SAWGRASS CIR | 175,000 | 1676 | 7/15/1998 |
| 3057 SAWGRASS CIR | 216,000 | 2162 | 5/20/1998 |
| 3054 WHITE IBIS WAY | 192,500 | 2173 | 4/15/1996 |
| 3054 WHITE IBIS WAY | 189,500 | 2173 | 4/18/1995 |
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Joe Manausa is a real estate blogger, a real estate investor and the Broker and Co-Owner of Century 21 First Realty. 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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