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Adiron Woods Home Sales Report November 2014

Located on the East side of Tallahassee just off the intersection of Mahan (Hwy 90) and Walden Road, Adiron Woods is a new construction neighborhood that has joined the list of most active neighborhoods in the real estate market for the past 7 years.

Adiron Woods has homes built from the 2006 to present, with the types of amenities that has attracted buyers willing to pay for the bells and whistles of a new home. Just as we have reported for other "boom neighborhoods," it also means that there will be natural move cycles hitting many of the homeowners here at the very same time. Hopefully the market will recover enough to take them in stride.

In this report, we will look at prices, values, and sizes of homes in Adiron Woods, as well as show current listings in the Tallahassee MLS and all closed home sales going back to 2002.

Note: You can get more information about current events and activities in the neighborhood at the HOA site - Adiron Woods Homeowners Association

Adiron Woods Home Prices

For the 3 real estate graphs utilized in this report, you will observe the number of closed home sales for each year (blue columns, measured on the left vertical axis), and an important real estate statistic shown in red (measured on the right vertical axis. It is important to note that sales are through December for all previous years, but through October in 2014.

Average home prices have begun rising again since hitting a low in 2011, but are still highly attractive for buyers at $100,000 below the high set back in 2007. Distressed sales are are occurring at a rate consistent with other neighborhoods in Tallahassee, but primarily due to the fact that only half the sales are coming from existing home sales. This means that an above average number of resale properties are selling in distressed situations (is this a surprise when values decline so greatly in a boom neighborhood?). The average recorded sales price is $248,000 for Adiron Woods thus far in 2014.

Home sales activity this year is far lower than the past two years, which were as good or better as any year during the housing market bubble. New neighborhoods will have their own pace, so we'll keep a close watch on Adiron Woods. Thus far in 2014, there have been just 8 closed home sales.

Adiron Woods Home Values

Average home values in Adiron Woods have fallen 5% since last year, after having recovered nicely since the low set back in 2011.

Through October, the average value of a home sold in Adiron Woods has been $130 per square foot. This is up 33% over the bottom reached in 2011, but still down about 17% from the market high set back in 2006. This means that many homeowners (who have all purchased or refinanced in the past 8 years) are likely at zero or negative equity situations and would be "distressed" if they entered the market today.

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Adiron Woods Home Sizes

The average home size sold in Adiron Woods typically falls in a range of 1,700 to 2,300 square feet, and this year home size averages are just below the average. The 8 sales thus far in 2014 have averaged 1,909 square feet.

Homes For Sale In Adiron Woods

The following list of homes are the most recent listings in Adiron Woods. A red box will appear when no homes are listed for sale in the Tallahassee MLS, but check back again on a regular basis as this page updates twice daily.

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Adiron Woods Home Sales

The following list shows home sales going back to 2002 in Adiron Woods.

AddressPricePrice/SQFClosing DateYear BuiltSQFSale Type
3056 Bidhurst Court$302,500$1572019-06-0420071,931Resale
7048 Sawley Lane$400,000$1532019-05-2420062,620Resale
3056 Adiron Way$290,000$1752019-04-1220121,656Resale
3031 Adiron Way$325,000$1702018-12-0320111,907Resale
2997 Adiron Way$345,000$1272018-11-3020062,717Resale
7053 Sawley Ln.$359,000$1432018-10-0520062,503Resale
3023 Adiron Way$280,000$1702018-08-2420131,648Resale
2993 Adiron Way$340,000$1372018-05-0720082,487Resale
7016 Sawley Ln$325,000$1692018-02-2820121,922Resale
3015 Adiron Way$277,000$1722017-12-1520131,606Resale
3014 Adiron Way$279,000$1692017-11-1620121,647Resale
3059 Adiron Way$330,000$1522017-08-2820062,166Resale
3001 Adiron Way$298,000$1632017-08-1820141,832Resale
2989 Adiron Way$300,000$1522017-08-1120071,976Resale
2982 Adiron Way$350,000$1392017-07-1920072,521Resale
3048 Bidhurst Ct$255,000$1292017-06-1620101,976Resale
3073 Adiron Way$314,990$1582017-06-1520171,996New
7065 Sawley Lane$325,000$1422017-05-3120072,282Resale
3065 Adiron Way$317,000$1572017-03-3120072,014Resale
3026 Adiron Way$300,000$1632016-12-1620121,836Resale
7044 Sawley Court$311,500$1362016-08-2620062,283Resale
2985 Adiron Way$282,000$1522016-06-2420131,854Resale
3040 Bidhurst Court$283,000$1452016-05-1920121,951Resale
7052 Sawley Ln$309,000$1342016-04-2920082,306Resale
3022 Adiron Way$257,000$1532016-04-0720131,682Resale
3012 Adiron Way$245,000$1492016-02-0520131,637Resale
3027 Adiron Way$282,000$1632016-01-1520131,734Resale
7056 Sawley Lane$245,000$1342015-12-1320081,830Resale
3004 Adiron Way$245,750$1512015-11-1020131,628Resale
3060 Bidhurst Court$300,000$1342015-09-2920112,247Resale
3037 Bidhurst Ct$285,000$1352015-09-1520132,104Resale
3055 Adiron Way$249,900$1322015-09-1520061,898Resale
7064 Sawley Lane$310,000$1342015-08-1320062,310Resale
3015 Adiron Way$235,000$1452015-07-1320131,616Resale
7053 Sawley Lane$325,000$1302015-04-1720062,503Resale
3032 Bidhurst Ct$290,000$1142014-08-2620082,534Resale
7049 Sawley Ln$233,000$1252014-05-3020071,868Resale
3033 Bidhurst Ct$235,000$1362014-05-2820131,729New
3057 Bidhurst Ct$250,000$1082014-04-3020032,308Resale
3001 Adiron Way$249,900$1372014-02-0320121,830New
3027 Adiron Way$239,900$1382014-01-2420131,734New
7012 Sawley Ln$241,000$1442014-01-2420131,674New
3069 Adiron Way$238,500$1452013-12-3020131,645New
3052 Adiron Way$246,500$1452013-10-1120131,704New
3056 Adiron Way$235,000$1432013-08-2820121,640Resale
2986 Adiron Way$268,300$1152013-08-2320132,337New
3018 Adiron Way$244,600$1442013-08-2320131,701New
3023 Adiron Way$232,900$1412013-08-2220131,657New
2989 Adiron Way$235,000$1192013-08-1520071,968Resale
3011 Adiron Way$243,700$1472013-06-2420131,657New
3031 Adiron Way$235,000$1232013-06-2120111,907New
2985 Adiron Way$220,800$1252013-06-1920131,768New
3015 Adiron Way$232,900$1452013-06-1420131,606New
3005 Adiron Way$236,500$1412013-05-1520131,681New
3004 Adiron Way$231,600$1422013-05-0320131,628New
3052 Bidhurst Ct$254,000$1262013-04-1220122,009Resale
3037 Bidhurst Ct$249,300$1182013-03-1420132,104New
3022 Adiron Way$238,700$1422013-02-2820131,682New
3043 Adiron Way$260,000$1152013-02-2520072,260Resale
3053 Bidhurst Ct$234,900$1232013-02-1420121,908New
3010 Adiron Way$232,600$1422013-02-1320131,637New
3040 Bidhurst Ct$233,200$1202012-12-2820121,951New
3036 Bidhurst Ct$232,000$1292012-12-1420121,805New
3009 Adiron Way$224,900$1382012-12-0320121,625New
3060 Adiron Way$247,100$1512012-11-3020121,640New
3019 Adiron Way$236,000$1402012-09-1420121,684New
2994 Adiron Way$249,600$1132012-09-0720122,202New
3026 Adiron Way$234,000$1272012-08-1720121,836New
3000 Adiron Way$241,200$1462012-07-2020121,656New
3052 Bidhurst Ct$234,600$1172012-07-0520122,009New
3028 Bidhurst Ct$233,100$1292012-06-0620121,806New
3056 Adiron Way$232,900$1422012-05-2520121,640New
3044 Adiron Way$185,000$812012-05-2120122,273New
3014 Adiron Way$220,300$1342012-03-2120121,647New
7016 Sawley Ln$210,000$1092012-01-2320121,922New
3008 Adiron Way$223,600$1372012-01-1920121,633New
3041 Bidhurst Ct$227,000$922011-11-1720072,460Resale
7032 Sawley Ct$221,000$942011-11-0420072,340Resale
3051 Adiron Way$196,500$982011-10-2020062,000Resale
3048 Adiron Way$180,000$892011-10-1020112,019New
7024 Sawley Ln$215,000$1022011-08-2620112,106New
7032 Sawley Ct$159,500$682011-08-1520072,340Resale
7061 Sawley Ln$175,000$792011-07-1820112,214New
3057 Bidhurst Ct$220,000$952011-06-1320032,308Resale
3045 Bidhurst Ct$284,000$1222011-05-2720062,329Resale
3029 Bidhurst Ct$195,000$1152011-05-2020101,696New
3060 Bidhurst Ct$165,000$632011-04-1820112,624New
7028 Sawley Ct$180,000$782011-01-1020112,300New
7040 Sawley Ct$250,000$962011-01-0520072,592Resale
3065 Adiron Way$239,600$1192010-12-2920072,014Resale
3048 Bidhurst Ct$237,900$1272010-05-2520101,870New
3035 Adiron Way$229,900$1242010-05-0420101,855New
3057 Bidhurst Ct$250,000$1082010-02-2620032,308Resale
3039 Adiron Way$242,600$1242009-12-1520091,949New
7036 Sawley Ct$295,000$1312009-11-1320082,252New
3025 Bidhurst Ct$256,800$1372009-09-2520081,877New
3032 Bidhurst Ct$379,000$1502009-02-2520082,534New
7056 Sawley Ln$265,000$1452009-02-0620081,830New
3043 Adiron Way$294,000$1302008-11-2420072,260New
3047 Adiron Way$295,000$1512008-07-1120081,953New
3061 Bidhurst Ct$346,000$1532008-06-1020062,257New
7052 Sawley Ln$349,900$1522008-06-0220082,306New
7057 Sawley Ln$323,000$1232008-04-3020062,620New
2993 Adiron Way$377,700$1522008-04-0420082,487New
7049 Sawley Ln$259,800$1392007-12-1920071,868New
3064 Adiron Way$279,000$1582007-11-3020071,761New
2989 Adiron Way$304,000$1542007-09-1720071,968New
7044 Sawley Ct$354,000$1552007-07-3120072,283New
7048 Sawley Ln$377,800$1442007-06-1520062,620New
3059 Adiron Way$365,000$1692007-05-2220062,166New
3055 Adiron Way$296,000$1612007-05-1520061,840New
7032 Sawley Ct$326,800$1402007-04-2720072,340New
3045 Bidhurst Ct$359,900$1552007-04-1020062,329New
3044 Bidhurst Ct$400,000$1542007-03-1420072,600New
3056 Bidhurst Ct$282,300$1462007-03-0520071,931New
7065 Sawley Ln$365,000$1602007-02-1320062,282New
7027 Sawley Ln$296,000$1592006-11-3020061,857New
3051 Adiron Way$299,000$1502006-09-0620062,000New
7068 Sawley Ln$225,000$912006-08-1120072,474New
7044 Sawley Ct$180,000$792006-05-0420072,283New
7064 Sawley Ln$361,000$1602006-03-3120062,254New
2997 Adiron Way$212,200$852006-01-0320062,510New
7053 Sawley Ln$180,000$722005-12-2020062,503New

I hope you enjoyed our November 2014 update on home sales in Adiron Woods, please feel free to drop me a note if you have questions not covered in this report.

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