32312 Real Estate Report Shows Slight-Positive Move

Our previous post about home sales in the 32309 zip code was well received and generated quite a few comments and emails from readers, so today I will follow it up by evaluating and creating the neighboring 32312 real estate report.

The 32312 zip code is home to some very popular Tallahassee neighborhoods, such as Killearn Lakes, Golden Eagle Plantation, Bull Run, Summerbrooke, and Ox Bottom Manor. If you want to find out how well the high end homes in Tallahassee are selling, the 32312 real estate report would be the best place to start your study.

If you need to sell a home in the 32312 zip code, then I urge you to take a close look at our targeted home selling plan, as more homes that hit the market in 2012 will fail to sell than will find success. Falling values leaves failed home sellers with a home that will sell for even less next year.

Home Prices In The 32312 Real Estate Report

Average home prices in the 32312 real estate report are still rising. The average price of homes that have sold in the 32312 zip code have been generally on the rise since the beginning of 2010. Of course, we know from past reports that this does not necessarily have to coincide with value trends, it merely reflects the spending power of today's low-mortgage-interest-rate-armed buyer.

The real estate graph below shows that buyers are taking advantage of very-low interest rate loans to grab "more house," meaning that just because values are falling does not mean that buyers are going to spend less. Instead, they are choosing to get more house for the money.

32312 real estate report home prices

Home Values In The 32312 Zip Code

The graph below shows that home values in the 32312 real estate report have been falling for five years and had reached a level of $115 per square foot several months ago. That means current values are consistent with values in late 2003, and we expect that they will continue to fall as the glut of supply continues to pressure a market that is struggling to stimulate demand, due to the thousands of potential buyers who are current trapped in a home with more mortgage than value.

Note the current trend shows values slightly on the rise. This is contrary to how we believe the long-term trend is performing and could very well be related to the recent surge in the top end of our market. Just as several other "blips" have occurred during the market decline, we believe this will be the case when we next look at the 32312 real estate report.

32312 real estate report home values

Recent Home Sales In The 32312 Real Estate Report

Neighborhood Address SP Price/ SQF Closing Date Year Built SQF
Bobbin Trace 3842 Millers Bridge Rd., East $750,000 $152 2/29/2012 2001 4,947
Hollystone 4975 Hollystone $320,000 $138 2/27/2012 2011 2,316
Villages At Maclay 1346 Hidden Timbers Place $229,500 $127 2/27/2012 1999 1,805
Bobbin Brook 4005 Bobbin Brook Circle $515,000 $150 2/24/2012 1987 3,424
Bull Run 2607 Ulysses Rd $284,900 $142 2/24/2012 2011 2,005
Deerfield Plantation 8353 Innsbrook Drive $183,000 $101 2/24/2012 2003 1,815
Groves At Summerbrooke 1618 Berry Hill Court $125,000 $71 2/24/2012 1997 1,756
Killearn Lakes 3205 Horseshoe Trail $200,000 $86 2/24/2012 1990 2,318
None 3425 Lakeshore $280,000 $105 2/24/2012 1962 2,660
Timber Ridge 4642 Amber Valley Dr $155,000 $84 2/24/2012 1986 1,837
Waverly Hills 913 Lasswade $260,000 $126 2/24/2012 1962 2,068
None 3537 Lakeshore Drive $230,000 $65 2/23/2012 1968 3,556
Bull Run 2565 Halleck Lane $290,000 $145 2/21/2012 2011 2,000
Miller Landing Unrec 2111 Miller Landing Rd $490,000 $158 2/21/2012 1981 3,108
Killearn Lakes 11056 Wildlife Trail $237,500 $101 2/17/2012 1994 2,342
Lakeshore Estates 3222 Seawolf $175,000 $96 2/17/2012 1989 1,824
None 312 Folsom Rd $105,000 $57 2/17/2012 1956 1,829
None 842 Mays Rd $193,500 $98 2/17/2012 1960 1,973
Barrington Park Condominiums 2801 Chancellorsville Dr, #1121 $171,500 $103 2/16/2012 2004 1,660
Bobbin Brook 545 Maclay Road 1,250,000 $183 2/16/2012 1987 6,837
Barrington Park Condominiums 2801 ChancellorsvilleDrive $105,000 $85 2/15/2012 2005 1,234
None 2065 Ox Bottom Road $661,000 $174 2/15/2012 2004 3,800
Ox Bottom Manor 6007 Ox Bottom Manor $334,500 $124 2/10/2012 1989 2,706
Villages At Maclay 1374 Pawnee Pointe Court $142,500 $114 2/10/2012 1998 1,254
Killearn Lakes 8716 Spring Shore Trl $255,000 $97 2/10/2012 1986 2,629
Barrington Park Condominiums 2801 Chancellorsville Dr $138,500 $90 2/9/2012 2004 1,532
Rosehill 209 Ardea Way $475,000 $160 2/9/2012 1992 2,976
Bull Run 2623 Manassas Way $244,900 $147 2/8/2012 2011 1,670
Kirkwood 3205 Sharer Road $113,000 $73 2/8/2012 1966 1,554
Golden Eagle Plantation 9010 Winged Foot Drive $287,000 $84 2/7/2012 1993 3,417
Golden Eagle Plantation 3014 Golden Eagle Dr East $640,000 $154 2/6/2012 1999 4,152
Bull Run 2570 Carthage Lane $290,000 $147 2/3/2012 2012 1,972
Killearn Lakes 1830 Folkstone Rd $149,000 $102 2/3/2012 1990 1,468
Bull Run 2518 Lagrange Trail $271,400 $150 1/31/2012 2011 1,809
Golden Eagle Plantation 2124 Doral Dr $370,000 $133 1/31/2012 1997 2,776
Bull Run 2566 Carthage Lane $319,900 $144 1/29/2012 2011 2,224
Bull Run 2542 Manassas $260,000 $137 1/27/2012 2009 1,891
Bull Run 2569 Ulysses Rd $299,900 $143 1/27/2012 2011 2,100
Penny Lane 1233 Penny Lane $700,000 $144 1/27/2012 1991 4,868
Turkey Creek 14230 Turkey Creek Dr $320,000 $122 1/27/2012 2004 2,626
Bull Run 2656 Breton Ridge Drive $279,000 $113 1/26/2012 2005 2,475
None 3511 N MeridianRoad $445,000 $142 1/25/2012 2006 3,131
Killearn Lakes 8825 Minnow Creek Drive $104,900 $93 1/25/2012 1987 1,124
Killearn Lakes 3460 Rosemont Ridge Rd $96,000 $68 1/24/2012 1982 1,402
Killearn Lakes 9901 Turtle Dove Way $157,500 $108 1/23/2012 1990 1,460
Killearn Lakes 1592 Copperfield Circle $221,500 $97 1/23/2012 1989 2,288
Kirkwood 3307 Sharer Road $120,000 $68 1/20/2012 1968 1,761
Bull Run 2641 Opequon $249,900 $150 1/20/2012 2011 1,670
Bull Run 2664 Breton Ridge Drive $281,000 $125 1/20/2012 2012 2,250
Killearn Lakes 1604 Norwood Lane $188,000 $102 1/20/2012 1992 1,850
Ox Bottom 257 Thornberg Dr $345,000 $125 1/20/2012 1996 2,757
Golden Eagle Plantation 3242 Pablo Creek Way $400,000 $143 1/13/2012 2005 2,795
Killearn Lakes 8137 Blue Quill Trl $129,999 $61 1/13/2012 1987 2,148
Killearn Lakes 1679 Folkstone Rd $162,000 $110 1/13/2012 1997 1,468
Villages At Maclay 1374 Pawnee Pointe Court $139,000 $111 1/13/2012 1998 1,254
Killearn Lakes 9300 Buck Haven Trail $192,000 $98 1/12/2012 1990 1,954
Summerbrooke 1220 Greensward Drive $431,000 $133 1/12/2012 2001 3,250
Villages At Maclay 1304 Mosswood Chase $165,900 $122 1/11/2012 1998 1,361
Glen At Golden Eagle 2521 HeathrowDrive $152,400 $101 1/10/2012 2003 1,502
Golden Eagle Plantation 2132 Amanda Mae Court $538,000 $111 1/6/2012 1999 4,847
Bull Run 2609 Farragut Way $272,900 $136 1/6/2012 2011 2,000
Ox Bottom Manor 6271 Whittondale Ct $275,000 $101 1/6/2012 1993 2,736
Bull Run 5604 Burnside Circle $350,000 $134 1/5/2012 2007 2,611
Killearn Lakes 1827 Folkstone Rd $94,000 $62 ########## 1992 1,505
Killearn Lakes 3423 Briar Branch Trail $155,000 $98 ########## 1977 1,582
Golden Eagle Plantation 8881 Winged Foot Dr $414,000 $136 ########## 2001 3,049
Meridian Ridge 330 Meridian Ridge Court $170,000 $113 ########## 2011 1,500
Waverly Hills 2908 Lasswade Dr $110,000 $62 ########## 1955 1,773
Glen At Golden Eagle 9326 Tuscany Dr $193,000 $100 ########## 2004 1,938
Sable Chase 1837 Acorn Ridge $209,900 $105 ########## 2005 1,995
Hawks Nest 678 Forest Lair $250,000 $125 ########## 1987 1,999
Hunters Crossing 374 Rob Roy Trl $225,000 $118 ########## 1997 1,911
Meridian Ridge 318 Meridian Ridge Court $200,400 $91 ########## 2007 2,210
Killearn Lakes 2965 Killearn Pointe Ct $225,000 $120 ########## 1997 1,882
Scotswood 7135 Towner Trace $140,000 $107 ########## 1996 1,311
Suburban Hills 2808 SweetbriarDrive $73,350 $48 ########## 1970 1,527
Killearn Lakes 10112 Twisting Vine Court $179,900 $99 ########## 2000 1,811
Bull Run 2629 Manassas Way $256,300 $150 ########## 2011 1,712
Baker Place 5993 Ponder Lane $505,000 $157 ########## 2000 3,225
Killearn Lakes 3554 Dogwood Valley $172,500 $120 ########## 2003 1,435
Killearn Lakes 7805 Thornhill Lane $225,000 $112 ########## 1974 2,015
Killearn Lakes 8308 Chickasaw Trail $165,000 $104 ########## 1993 1,585
Killearn Lakes 9112 Hickorynut $157,500 $112 ########## 1992 1,412
Ox Bottom Manor 6276 Whittondale Dr $290,000 $100 ########## 1995 2,891
Killearn Lakes 3543 Rosemont Ridge Rd $172,000 $91 ########## 1986 1,888
Golden Eagle Plantation 1643 Eagles Watch Way $187,000 $92 ########## 2003 2,026
Spencer Properties 7036 Spencer Road $335,000 $131 12/9/2011 2000 2,562
Killearn Lakes 2261 Tuscavilla Road $190,000 $103 12/9/2011 1990 1,849
Sable Chase 1842 Acorn Ridge $170,000 $98 12/8/2011 2005 1,740
Ox Bow Hill 6363 Ox Bow Run $485,000 $118 12/7/2011 2006 4,100
Lakeshore Gardens 311 Dreadnaught $182,000 $93 12/7/2011 2001 1,950
Summerbrooke 1017 Summerbrooke Drive $375,000 $141 12/6/2011 1993 2,651
Killearn Lakes 1805 Log Ridge Trail $247,500 $102 12/5/2011 1994 2,432
Luna Manor 1429 Covey Ride West $325,000 $96 ########## 1998 3,400
Lakeshore Gardens 277 Hemley Loop $170,000 $113 ########## 1999 1,510
Killearn Lakes 9500 Buck Haven Trail $200,000 $96 ########## 1992 2,083
Ox Bottom Manor 355 Milestone Drive $255,000 $108 ########## 1994 2,357
Piedmont Park 1209 Sandhurst Drive $178,900 $100 ########## 1967 1,786
Killearn Lakes 3316 Micanopy Trl $145,000 $114 ########## 1985 1,274
Killearn Lakes 8227 Hunters Ridge Trail $151,000 $108 ########## 1993 1,404
Killearn Lakes 8121 Blue Quill Trl $235,500 $101 ########## 1988 2,332
The Lakes 1325 Airport Drive E1 $60,000 $55 ########## 1984 1,083
Waverly Hills 511 Waverly Road $141,500 $57 ########## 1977 2,483
Killearn Lakes 7816 Briarcreek Road $179,900 $106 ########## 2008 1,694
Hunters Crossing 333 Hunters Crossing $185,000 $100 ########## 1988 1,847
Killearn Lakes 8130 Blue Quill Trl $260,366 $76 ########## 1986 3,440
Greystone 7986 Greystone Drive $409,000 $151 ########## 2011 2,715
None 7040 Spencer Road $375,000 $121 ########## 1991 3,088
Scotswood 7310 Hollis Street $130,000 $100 ########## 1998 1,298
Pine Tip Hills 3808 Sampson Court $476,500 $142 ########## 2005 3,348
Killearn Lakes 7825 Briarcreek Rd N $220,000 $120 ########## 2000 1,830
Bull Run 5621 Ringold Lane $284,900 $142 ########## 2011 2,005
Waverly Hills 1103 Kenilworth Rd $229,500 $70 ########## 1967 3,300
Villages At Maclay 1304 Mosswood Chase $166,500 $122 ########## 1998 1,361
Barrington Park Condominiums 2801 Chancellorsville $71,500 $65 11/8/2011 2004 1,096
Ox Bottom Manor 205 Hawk Meadow Dr $341,700 $107 11/8/2011 1990 3,185
Iamonia Lodge Unrecorded 12134 Waterfront Drive $150,000 $98 11/7/2011 1971 1,529
Lakeshore Gardens 141 IverniaLoop $128,000 $94 11/1/2011 1997 1,356
Killearn Lakes 3261 Lilburn Court $215,000 $110 11/1/2011 1999 1,956

Please check back again for more niche and targeted reports like the 32312 real estate report.

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