Unit sales in Weems Plantation are down 57% from the top of the market, but average home prices are down 13% and the average price per foot is only down 10% from the top of the market. Apparently, people who want to buy a home in Weems Plantation are choosing smaller homes, as the average “resale” home size has dropped 14% as well.
What this means, and the following real estate graphs will show, is that Weems Plantation clearly demonstrates the market changes and market movement much clearer than many other Tallahassee subdivisions.
Weems Plantation Home Sales – By The Numbers
The following real estate graph not only shows what is going on in Weems Plantation home sales, but it also clearly defines price versus demand dynamic that is occurring in the Tallahassee real estate market. In the graph, the vertical blue bars are the average number of monthly home sales in Weems Plantation, while the red line is the one-year average price per square foot of a home sold in Weems Plantation.
Here is what I see in the Weems Plantation existing home sales graph, by the numbers:
- We see the top of the market, as measured by number of homes sold each month, occurred in 2005. Even after demand peaked, we see the red trend line continue upward, as the “supply side” did not realize that demand was beginning to fade. This increase in price hit a plateau that lasted well over a year.
- Demand dropped significantly from Point 1 to Point 2, as the market demonstrated its distaste for these valuations. Sellers kept demanding the same price for their homes, so fewer buyers entered the market. We see demand drop from nearly 6 homes per month in Weems Plantation to less than 2 homes per month.
At that point (Point 2), we see prices begin to fall and demand begin to rise. Because Weems Plantation has home valued right at the Tallahassee median sales price, we know that their is plenty of liquidity and market reactions can be observed much easier than in neighborhoods with much pricier homes. - Point Number 3, I believe, is where the market realized that the “falling prices” were not as low as the many homes that were hitting the market through distressed property sales. Again, we see diminished demand and falling prices. This trend should continue until Tallahassee gets back to a normal economy with a “normal” amount of distressed properties being introduced to the market.
As Goes Tallahassee, So Goes Weems Plantation
Much like the rest of the Tallahassee real estate market, Weems Plantation is seeing much slower sales right now. There have only been two recorded sales in the past 5 months in Weems Plantation, and none in the past three months! For a Tallahassee neighborhood that at one point was averaging nearly 6 home sales per month, this is not good.
Historic Home Sales In Weems Plantation
| Parcel Address | Price | Sale Date |
| 3519 BARNSTAPLE DR | 180,000 | 12/23/2008 |
| 3224 EMERSON LN | 163,000 | 11/24/2008 |
| 3431 BARNSTAPLE DR | 197,000 | 10/30/2008 |
| 3280 DARTMOUTH DR | 173,500 | 10/24/2008 |
| 3452 KAYLEE CT | 180,000 | 10/24/2008 |
| 3291 EMERSON LN | 147,000 | 10/23/2008 |
| 3240 BODMIN MOOR DR | 188,000 | 10/20/2008 |
| 3304 DARTMOUTH DR | 195,000 | 10/14/2008 |
| 3499 BARNSTAPLE DR | 215,000 | 8/27/2008 |
| 3291 EMERSON LN | 106,600 | 8/26/2008 |
| 3266 DARTMOUTH DR | 210,000 | 8/4/2008 |
| 3465 SALTASH LN | 182,000 | 7/24/2008 |
| 3505 NORCROSS LN | 181,000 | 7/16/2008 |
| 3329 ADDISON LN | 172,500 | 7/14/2008 |
| 3481 BARNSTAPLE DR | 211,000 | 7/7/2008 |
| 3447 KAYLEE CT | 205,000 | 7/5/2008 |
| 3272 ADDISON LN | 152,000 | 6/30/2008 |
| 3525 NORCROSS LN | 186,000 | 6/27/2008 |
| 3312 EMERSON LN | 173,000 | 6/13/2008 |
| 3257 ADDISON LN | 160,000 | 5/30/2008 |
| 3498 LANDS END LN | 187,500 | 5/30/2008 |
| 3502 BARNSTAPLE DR | 200,500 | 5/30/2008 |
| 3484 BARNSTAPLE DR | 217,500 | 5/16/2008 |
| 3260 ADDISON LN | 167,000 | 4/30/2008 |
| 3332 ADDISON LN | 183,000 | 4/30/2008 |
| 3526 LANDS END LN | 184,500 | 4/25/2008 |
| 3212 EMERSON LN | 165,000 | 4/14/2008 |
| 3475 TORRINGTON WAY | 182,500 | 4/11/2008 |
| 3488 BARNSTAPLE DR | 225,000 | 4/3/2008 |
| 3227 ADDISON LN | 165,000 | 3/28/2008 |
| 3317 BODMIN MOOR DR | 197,000 | 3/28/2008 |
| 3245 ADDISON LN | 169,400 | 3/26/2008 |
| 3288 EMERSON LN | 185,000 | 3/21/2008 |
| 3209 ADDISON LN | 177,000 | 2/29/2008 |
| 3321 NEWTON ABOTT DR | 182,500 | 2/22/2008 |
| 3518 NORCROSS LN | 182,900 | 2/15/2008 |
| 3209 DARTMOUTH DR | 224,500 | 2/15/2008 |
| 3521 NORCROSS LN | 180,300 | 2/13/2008 |
| 3303 DARTMOUTH DR | 235,000 | 1/31/2008 |
| 3473 EXMOUTH LN | 245,000 | 1/31/2008 |
| 3501 NORCROSS LN | 162,800 | 1/29/2008 |
| 3209 ADDISON LN | 158,000 | 12/28/2007 |
| 3261 ADDISON LN | 185,000 | 12/28/2007 |
| 3490 LANDS END LN | 206,000 | 12/21/2007 |
| 3494 LANDS END LN | 210,000 | 11/14/2007 |
| 3518 BARNSTAPLE DR | 205,000 | 9/10/2007 |
| 3226 ADDISON LN | 184,000 | 8/20/2007 |
| 3485 BARNSTAPLE DR | 215,000 | 8/13/2007 |
| 3272 ADDISON LN | 186,000 | 7/26/2007 |
| 3448 BARNSTAPLE DR | 200,000 | 6/27/2007 |
| 3472 EXMOUTH LN | 265,000 | 6/20/2007 |
| 3434 BARNSTAPLE DR | 224,000 | 6/11/2007 |
| 3460 GENTLE WIND WAY | 200,000 | 5/17/2007 |
| 3263 EMERSON LN | 185,000 | 4/27/2007 |
| 3225 ADDISON LN | 189,000 | 4/24/2007 |
| 3328 NEWTON ABOTT DR | 186,500 | 4/18/2007 |
| 3341 NEWTON ABOTT DR | 194,000 | 3/9/2007 |
| 3469 EXMOUTH LN | 221,000 | 2/15/2007 |
| 3462 FALMOUTH CT | 195,000 | 1/31/2007 |
| 3251 EMERSON LN | 187,900 | 12/28/2006 |
| 3497 BARNSTAPLE DR | 220,000 | 12/15/2006 |
| 3236 EMERSON LN | 182,000 | 12/14/2006 |
| 3454 FALMOUTH CT | 195,000 | 12/8/2006 |
| 3448 GENTLE WIND WAY | 241,500 | 11/29/2006 |
| 3463 GENTLE WIND WAY | 245,000 | 11/27/2006 |
| 3467 GENTLE WIND WAY | 197,000 | 10/30/2006 |
| 3222 ADDISON LN | 190,000 | 10/20/2006 |
| 3460 EXMOUTH LN | 205,000 | 8/31/2006 |
| 3460 KAYLEE CT | 213,000 | 8/30/2006 |
| 3208 EMERSON LN | 204,000 | 8/28/2006 |
| 3243 EMERSON LN | 190,000 | 8/11/2006 |
| 3325 BODMIN MOOR DR | 215,000 | 8/11/2006 |
| 3312 ADDISON LN | 191,500 | 8/10/2006 |
| 3465 EXMOUTH LN | 215,000 | 8/10/2006 |
| 3219 EMERSON LN | 193,000 | 8/7/2006 |
| 3476 BARNSTAPLE DR | 218,000 | 7/31/2006 |
| 3455 FALMOUTH CT | 220,000 | 7/28/2006 |
| 3267 EMERSON LN | 194,900 | 7/26/2006 |
| 3452 KAYLEE CT | 200,000 | 7/24/2006 |
| 3251 BODMIN MOOR DR | 256,000 | 7/24/2006 |
| 3319 EMERSON LN | 188,500 | 7/17/2006 |
| 3492 BARNSTAPLE DR | 223,000 | 7/6/2006 |
| 3461 BARNSTAPLE DR | 230,000 | 7/5/2006 |
| 3303 EMERSON LN | 184,000 | 6/30/2006 |
| 3525 NORCROSS LN | 194,500 | 6/30/2006 |
| 3455 GENTLE WIND WAY | 245,000 | 6/28/2006 |
| 3477 BARNSTAPLE DR | 220,000 | 6/22/2006 |
| 3323 DARTMOUTH DR | 207,000 | 6/15/2006 |
| 3447 GENTLE WIND WAY | 205,000 | 6/12/2006 |
| 3525 TORRINGTON WAY | 196,000 | 6/9/2006 |
| 3506 LANDS END LN | 193,000 | 5/31/2006 |
| 3434 BARNSTAPLE DR | 214,900 | 5/25/2006 |
| 3307 DARTMOUTH DR | 220,000 | 5/25/2006 |
| 3339 DARTMOUTH DR | 215,000 | 5/22/2006 |
| 3423 BARNSTAPLE DR | 194,000 | 5/19/2006 |
| 3255 BODMIN MOOR DR | 249,900 | 5/17/2006 |
| 3287 EMERSON LN | 185,000 | 4/28/2006 |
| 3428 BARNSTAPLE DR | 207,000 | 4/25/2006 |
| 3255 EMERSON LN | 193,500 | 4/21/2006 |
| 3300 DARTMOUTH DR | 247,500 | 4/13/2006 |
| 3289 BODMIN MOOR DR | 205,000 | 3/17/2006 |
| 3266 DARTMOUTH DR | 213,700 | 3/15/2006 |
| 3529 NORCROSS LN | 191,000 | 3/10/2006 |
| 3451 GENTLE WIND WAY | 198,500 | 2/17/2006 |
| 3250 DARTMOUTH DR | 202,000 | 2/17/2006 |
| 3283 EMERSON LN | 186,000 | 2/10/2006 |
| 3227 ADDISON LN | 189,900 | 2/9/2006 |
| 3300 ADDISON LN | 180,000 | 2/6/2006 |
| 3232 EMERSON LN | 190,000 | 2/3/2006 |
| 3259 EMERSON LN | 201,900 | 1/31/2006 |
| 3225 ADDISON LN | 179,000 | 1/23/2006 |
| 3292 EMERSON LN | 190,000 | 1/23/2006 |
| 3296 DARTMOUTH DR | 203,500 | 1/20/2006 |
| 3242 ADDISON LN | 195,400 | 12/30/2005 |
| 3307 EMERSON LN | 186,000 | 12/27/2005 |
| 3481 BARNSTAPLE DR | 214,000 | 12/27/2005 |
| 3469 BARNSTAPLE DR | 210,500 | 12/22/2005 |
| 3305 ADDISON LN | 178,000 | 12/19/2005 |
| 3337 NEWTON ABOTT DR | 188,000 | 12/16/2005 |
| 3455 FALMOUTH CT | 182,500 | 12/15/2005 |
| 3525 LANDS END LN | 195,000 | 11/10/2005 |
| 3235 EMERSON LN | 186,900 | 10/31/2005 |
| 3231 BODMIN MOOR DR | 205,000 | 10/28/2005 |
| 3262 DARTMOUTH DR | 199,500 | 10/12/2005 |
| 3541 NORCROSS LN | 192,500 | 10/7/2005 |
| 3517 NORCROSS LN | 191,500 | 9/30/2005 |
| 3509 TORRINGTON WAY | 216,500 | 9/30/2005 |
| 3479 TORRINGTON WAY | 201,000 | 9/6/2005 |
| 3252 EMERSON LN | 180,000 | 8/25/2005 |
| 3479 TORRINGTON WAY | 201,000 | 8/23/2005 |
| 3303 EMERSON LN | 179,900 | 8/19/2005 |
| 3304 ADDISON LN | 180,000 | 8/12/2005 |
| 3319 DARTMOUTH DR | 205,000 | 8/12/2005 |
| 3249 ADDISON LN | 181,000 | 8/1/2005 |
| 3529 LANDS END LN | 203,900 | 8/1/2005 |
| 3268 ADDISON LN | 178,000 | 7/28/2005 |
| 3269 ADDISON LN | 178,000 | 7/28/2005 |
| 3317 BODMIN MOOR DR | 200,000 | 7/25/2005 |
| 3513 NORCROSS LN | 174,900 | 7/21/2005 |
| 3454 SALTASH LN | 189,900 | 7/1/2005 |
| 3320 ADDISON LN | 178,000 | 6/30/2005 |
| 3431 BARNSTAPLE DR | 177,500 | 6/28/2005 |
| 3448 KAYLEE CT | 198,000 | 6/24/2005 |
| 3448 BARNSTAPLE DR | 202,500 | 6/24/2005 |
| 3343 BODMIN MOOR DR | 205,000 | 6/17/2005 |
| 3533 NORCROSS LN | 178,000 | 6/3/2005 |
| 3524 TORRINGTON WAY | 175,000 | 6/2/2005 |
| 3257 ADDISON LN | 168,000 | 5/27/2005 |
| 3244 ADDISON LN | 176,000 | 5/27/2005 |
| 3510 LANDS END LN | 179,500 | 5/27/2005 |
| 3451 KAYLEE CT | 192,000 | 5/27/2005 |
| 3256 ADDISON LN | 110,000 | 5/26/2005 |
| 3248 ADDISON LN | 171,500 | 5/25/2005 |
| 3457 EXMOUTH LN | 178,500 | 5/25/2005 |
| 3501 NORCROSS LN | 165,000 | 5/20/2005 |
| 3312 EMERSON LN | 173,500 | 5/2/2005 |
| 3537 NORCROSS LN | 168,000 | 4/29/2005 |
| 3276 EMERSON LN | 174,000 | 4/28/2005 |
| 3460 GENTLE WIND WAY | 173,900 | 4/20/2005 |
| 3438 BARNSTAPLE DR | 182,900 | 4/15/2005 |
| 3510 BARNSTAPLE DR | 185,000 | 4/15/2005 |
| 3459 FALMOUTH CT | 199,500 | 4/15/2005 |
| 3332 NEWTON ABOTT DR | 160,000 | 4/7/2005 |
| 3235 ADDISON LN | 164,900 | 3/31/2005 |
| 3327 DARTMOUTH DR | 216,000 | 3/25/2005 |
| 3521 NORCROSS LN | 167,000 | 3/24/2005 |
| 3277 BODMIN MOOR DR | 183,900 | 3/23/2005 |
| 3483 TORRINGTON WAY | 215,000 | 3/21/2005 |
| 3321 BODMIN MOOR DR | 189,900 | 3/18/2005 |
| 3268 ADDISON LN | 160,000 | 3/17/2005 |
| 3465 EXMOUTH LN | 160,000 | 3/14/2005 |
| 3493 BARNSTAPLE DR | 180,000 | 2/28/2005 |
| 3289 BODMIN MOOR DR | 175,000 | 2/16/2005 |
| 3231 BODMIN MOOR DR | 173,000 | 1/28/2005 |
| 3220 EMERSON LN | 159,000 | 1/27/2005 |
| 3225 ADDISON LN | 159,500 | 1/27/2005 |
| 3325 ADDISON LN | 165,000 | 1/24/2005 |
| 3330 DARTMOUTH DR | 189,000 | 1/21/2005 |
| 3224 EMERSON LN | 165,900 | 1/19/2005 |
| 3329 ADDISON LN | 158,500 | 1/10/2005 |
| 3219 EMERSON LN | 160,000 | 12/28/2004 |
| 3504 TORRINGTON WAY | 164,000 | 11/30/2004 |
| 3262 DARTMOUTH DR | 169,000 | 11/23/2004 |
| 3276 ADDISON LN | 156,000 | 11/19/2004 |
| 3456 GENTLE WIND WAY | 190,000 | 10/28/2004 |
| 3309 BODMIN MOOR DR | 198,900 | 10/26/2004 |
| 3451 GENTLE WIND WAY | 169,900 | 10/6/2004 |
| 3320 ADDISON LN | 156,100 | 10/4/2004 |
| 3200 EMERSON LN | 160,000 | 9/15/2004 |
| 3279 EMERSON LN | 160,000 | 9/14/2004 |
| 3522 LANDS END LN | 155,000 | 9/9/2004 |
| 3456 KAYLEE CT | 175,900 | 9/1/2004 |
| 3468 BARNSTAPLE DR | 170,000 | 8/31/2004 |
| 3458 TORRINGTON WAY | 175,000 | 8/24/2004 |
| 3257 ADDISON LN | 150,000 | 7/30/2004 |
| 3479 TORRINGTON WAY | 166,600 | 7/30/2004 |
| 3305 ADDISON LN | 152,000 | 7/26/2004 |
| 3224 ADDISON LN | 153,000 | 7/23/2004 |
| 3260 ADDISON LN | 142,000 | 7/14/2004 |
| 3223 EMERSON LN | 150,000 | 7/1/2004 |
| 3324 EMERSON LN | 154,000 | 6/30/2004 |
| 3236 BODMIN MOOR DR | 170,000 | 6/30/2004 |
| 3332 ADDISON LN | 150,000 | 6/25/2004 |
| 3519 BARNSTAPLE DR | 178,800 | 6/25/2004 |
| 3524 TORRINGTON WAY | 152,000 | 6/1/2004 |
| 3304 DARTMOUTH DR | 157,000 | 5/28/2004 |
| 3277 BODMIN MOOR DR | 169,000 | 5/28/2004 |
| 3264 EMERSON LN | 158,800 | 5/27/2004 |
| 3309 ADDISON LN | 151,500 | 5/20/2004 |
| 3509 NORCROSS LN | 152,500 | 5/17/2004 |
| 3291 EMERSON LN | 157,500 | 5/12/2004 |
| 3307 DARTMOUTH DR | 169,000 | 4/30/2004 |
| 3452 EXMOUTH LN | 167,000 | 4/29/2004 |
| 3312 ADDISON LN | 149,000 | 4/28/2004 |
| 3325 ADDISON LN | 147,200 | 4/27/2004 |
| 3228 EMERSON LN | 147,000 | 4/26/2004 |
| 3450 TORRINGTON WAY | 165,000 | 4/15/2004 |
| 3450 SALTASH LN | 178,000 | 4/2/2004 |
| 3263 EMERSON LN | 147,000 | 3/31/2004 |
| 3266 DARTMOUTH DR | 167,500 | 3/26/2004 |
| 3355 BODMIN MOOR DR | 172,000 | 3/19/2004 |
| 3238 ADDISON LN | 148,500 | 3/18/2004 |
| 3333 ADDISON LN | 148,000 | 3/17/2004 |
| 3253 ADDISON LN | 150,000 | 3/15/2004 |
| 3453 SALTASH LN | 159,900 | 2/27/2004 |
| 3242 ADDISON LN | 141,400 | 2/23/2004 |
| 3472 EXMOUTH LN | 190,000 | 2/18/2004 |
| 3239 EMERSON LN | 145,000 | 1/30/2004 |
| 3305 BODMIN MOOR DR | 168,400 | 1/30/2004 |
| 3230 ADDISON LN | 130,000 | 12/19/2003 |
| 3451 FALMOUTH CT | 155,900 | 12/15/2003 |
| 3460 EXMOUTH LN | 149,000 | 12/5/2003 |
| 3300 ADDISON LN | 135,000 | 11/24/2003 |
| 3250 DARTMOUTH DR | 148,500 | 11/19/2003 |
| 3509 NORCROSS LN | 144,000 | 10/15/2003 |
| 3244 EMERSON LN | 143,500 | 10/10/2003 |
| 3460 EXMOUTH LN | 149,000 | 10/7/2003 |
| 3227 ADDISON LN | 125,000 | 9/30/2003 |
| 3203 ADDISON LN | 143,000 | 9/29/2003 |
| 3311 DARTMOUTH DR | 170,500 | 9/22/2003 |
| 3257 BODMIN MOOR DR | 164,000 | 9/12/2003 |
| 3460 EXMOUTH LN | 149,000 | 9/3/2003 |
| 3471 TORRINGTON WAY | 155,500 | 8/28/2003 |
| 3272 ADDISON LN | 139,000 | 8/22/2003 |
| 3264 ADDISON LN | 142,000 | 7/31/2003 |
| 3251 BODMIN MOOR DR | 174,000 | 7/24/2003 |
| 3276 ADDISON LN | 135,000 | 6/30/2003 |
| 3467 TORRINGTON WAY | 143,500 | 6/13/2003 |
| 3448 KAYLEE CT | 146,500 | 6/12/2003 |
| 3351 BODMIN MOOR DR | 152,900 | 5/29/2003 |
| 3219 EMERSON LN | 126,500 | 5/19/2003 |
| 3234 ADDISON LN | 129,000 | 4/25/2003 |
| 3309 ADDISON LN | 130,000 | 4/22/2003 |
| 3280 ADDISON LN | 132,000 | 4/21/2003 |
| 3245 ADDISON LN | 128,500 | 4/16/2003 |
| 3343 BODMIN MOOR DR | 155,500 | 4/7/2003 |
| 3313 ADDISON LN | 127,000 | 3/27/2003 |
| 3232 BODMIN MOOR DR | 140,500 | 3/27/2003 |
| 3260 ADDISON LN | 126,000 | 2/24/2003 |
| 3529 NORCROSS LN | 124,900 | 2/14/2003 |
| 3252 ADDISON LN | 124,900 | 11/27/2002 |
| 3459 GENTLE WIND WAY | 133,900 | 11/25/2002 |
| 3465 SALTASH LN | 134,400 | 10/25/2002 |
| 3235 ADDISON LN | 120,000 | 9/9/2002 |
| 3200 EMERSON LN | 125,000 | 8/30/2002 |
| 3226 ADDISON LN | 124,100 | 8/29/2002 |
| 3269 BODMIN MOOR DR | 156,900 | 8/23/2002 |
| 3458 TORRINGTON WAY | 137,000 | 8/9/2002 |
| 3240 BODMIN MOOR DR | 129,900 | 7/25/2002 |
| 3285 BODMIN MOOR DR | 145,900 | 4/4/2002 |
| 3452 EXMOUTH LN | 124,000 | 2/25/2002 |
| 3461 SALTASH LN | 153,000 | 2/14/2002 |
| 3280 ADDISON LN | 121,900 | 1/25/2002 |
| 3201 ADDISON LN | 119,500 | 1/15/2002 |
| 3255 BODMIN MOOR DR | 143,500 | 11/30/2001 |
| 3257 BODMIN MOOR DR | 146,900 | 8/30/2001 |
| 3458 SALTASH LN | 152,000 | 5/17/2001 |
| 3235 ADDISON LN | 109,000 | 4/5/2001 |
| 3465 EXMOUTH LN | 119,900 | 3/23/2001 |
| 3456 GENTLE WIND WAY | 129,900 | 12/20/2000 |
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Joe Manausa is 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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