Arms Length Home Sales Still Rule Tallahassee Housing
The percentage of home sales that are “arms length” are on the rise recently, even as the total number of home sales continues to lag near the bottom of the housing market in Tallahassee. We define arms length sales as ones where the buyer and the seller are meeting on equal footing (or simply not a distressed home sale).
I have taken a look at home sales going back to the beginning of 2010 and graphed arms length versus non arms length home sales, and each month has the corresponding “non arms length percentage” shown as well.
Arms Length Home Sales In Tallahassee
Roughly 22% of the home sales in July were non arms length, which is far lower than the 42% that we saw in January. The one-year trend (not shown) is still on a slight rise, but if the last two months are any indicator, maybe we will see this coming down in the near future.
King Of The Non Arms Length Home Sales – Short Sales
Tallahassee short sales continue their slow and steady rise in Tallahassee, with the one-year trend approaching 13%, or one in every 8 home sales in Tallahassee.
List Of Recent Non Arms Length Home Sales
| Neighborhood | Address | SP | Price/SQF | Closing Date | Year Built | SQF |
| Louvenia Lakes | 4223 Louvinia Drive | $189,000 | $76 | 7/29/2011 | 1985 | 2,501 |
| Park Brook Crossing | 161 Parkbrook Circle | $62,000 | $65 | 7/29/2011 | 1986 | 960 |
| Camelot Park | 400 Merlin Way | $125,000 | $85 | 7/29/2011 | 1980 | 1,470 |
| Groves At Summerbrooke | 1599 Sweet Plum Cir | $157,500 | $92 | 7/29/2011 | 2001 | 1,717 |
| None | 14665 Mahan Drive | $90,000 | $25 | 7/29/2011 | 1973 | 3,560 |
| Parkside | 804 Watt Dr | $139,000 | $66 | 7/29/2011 | 1956 | 2,119 |
| Savannah Crossing | 2738-2606 W Tharpe St | $65,000 | $54 | 7/29/2011 | 2004 | 1,209 |
| University Park | 415 Georgetown Drive | $48,000 | $42 | 7/29/2011 | 1970 | 1,134 |
| Saxon Northwest Add | 804 Dunn Street | $57,000 | $50 | 7/28/2011 | 2005 | 1,144 |
| Shannon Forest | 3717 Mundon Way | $78,000 | $46 | 7/28/2011 | 1976 | 1,712 |
| Crescent Hills | 5363 Falling Star Drive | $109,500 | $88 | 7/27/2011 | 2006 | 1,246 |
| Plantation Woods | 4035 Elder Lane | $76,900 | $58 | 7/27/2011 | 1981 | 1,325 |
| Rockbrook Village | 3729 Sutor Ct | $34,000 | $37 | 7/27/2011 | 1983 | 914 |
| Woodrun Garden Homes | 2657-2659 Chandalar Lane | $51,000 | $32 | 7/27/2011 | 1983 | 1,578 |
| Settlers Creek | 3840 Magellan Court | $80,000 | $50 | 7/26/2011 | 1994 | 1,586 |
| Woodbriar | 3361 Sawtooth Drive | $62,000 | $46 | 7/26/2011 | 2005 | 1,338 |
| None | 2426 Country Club Drive | $52,500 | $39 | 7/25/2011 | 2006 | 1,351 |
| Woodrun Garden Homes | 2671-2673 Chandalar Lane | $50,900 | $33 | 7/25/2011 | 1983 | 1,566 |
| Woodrun Garden Homes | 2679-2681 Chandalar Lane | $51,000 | $32 | 7/25/2011 | 1983 | 1,590 |
| Fish Camp | 9335 W Tennessee Street | $117,000 | $87 | 7/22/2011 | 1999 | 1,352 |
| Killearn Lakes | 1560 Copperfield Circle | $210,000 | $95 | 7/22/2011 | 1991 | 2,220 |
| Woodbriar | 3345 Sawtooth Dr | $64,000 | $48 | 7/20/2011 | 2005 | 1,328 |
| Natural Wells | 2268 Natural Wells Drive | $73,000 | $64 | 7/19/2011 | 2005 | 1,144 |
| Southwood | 4065 Colleton Court | $112,000 | $85 | 7/19/2011 | 2003 | 1,324 |
| Woodbriar | 3396 WOODBRIAR LN | $120,000 | $96 | 7/18/2011 | 2005 | 1,249 |
| Fairview | 3009 S Meridian Street | $24,500 | $35 | 7/17/2011 | 1952 | 696 |
| Lakeside | 4255 Cool Emerald | $152,000 | $86 | 7/15/2011 | 2006 | 1,767 |
| Southwood | 2111 Merrifield Lane | $215,000 | $121 | 7/15/2011 | 2002 | 1,782 |
| None | 202 Sweet Grass Lane | $85,000 | $77 | 7/15/2011 | 2000 | 1,107 |
| Crawfordville Trace | 933 Crawfordville Trace | $94,500 | $75 | 7/14/2011 | 2006 | 1,263 |
| Killearn Lakes | 9353 Buck Haven Trail | $156,000 | $82 | 7/12/2011 | 1991 | 1,898 |
| Killearn Lakes | 2205 Wood Duck Way | $120,000 | $77 | 7/11/2011 | 1990 | 1,552 |
| Indian Head Acres | 1917 S Magnolia Drive | $97,500 | $88 | 7/11/2011 | 1951 | 1,107 |
| Blairstone Forest | 1685 SILVERWOOD DR | $122,000 | $85 | 7/11/2011 | 1987 | 1,437 |
| Rockbrook | 1020 Sutor Road | $47,500 | $33 | 7/10/2011 | 1977 | 1,428 |
| Pecan Grove Estates | 3512 S Carnation Court | $57,000 | $56 | 7/8/2011 | 1983 | 1,020 |
| Residences At Whispering Pines | 2731 Blair Stone Road | $22,600 | $25 | 7/8/2011 | 1972 | 907 |
| Killearn Estates | 5305 Ben Brush Trail | $164,450 | $78 | 7/8/2011 | 1994 | 2,108 |
| Killearn Lakes | 9481 Buck Haven Trail | $149,800 | $80 | 7/8/2011 | 1991 | 1,884 |
| Lakewood Village | 4520 Zonker Court | $55,000 | $34 | 7/7/2011 | 1983 | 1,598 |
| Valley Green | 1454 Valley Green Drive | $105,000 | $72 | 7/7/2011 | 1988 | 1,464 |
| Indian Head Acres | 1539 Dacron DR | $76,800 | $76 | 7/6/2011 | 1958 | 1,008 |
| Apalachee Hills | 1613 Quazar Road | $75,000 | $64 | 7/5/2011 | 2006 | 1,173 |
| Rosehill | 287 Rosehill Dr E | $838,000 | $146 | 7/1/2011 | 1999 | 5,746 |
| Magnolia Addition | 942 Delores | $66,000 | $44 | 7/1/2011 | 1950 | 1,500 |
| Gwynndale | 1709 Talpeco | $72,500 | $51 | 7/1/2011 | 1970 | 1,408 |
| Glendale | 2044 Thomasville Road | $300,000 | $112 | 6/30/2011 | 1988 | 2,680 |
| Buckwood | 4065 Bellington Ct | $116,682 | $89 | 6/30/2011 | 1989 | 1,312 |
| Golden Eagle Plantation | 9031 Winged Foot Dr | $450,000 | $124 | 6/30/2011 | 2000 | 3,626 |
| Wolf Creek | 1824 Nena Hills Drive | $90,000 | $52 | 6/30/2011 | 2005 | 1,744 |
| Southwood | 4059 Colleton Court | $144,000 | $97 | 6/30/2011 | 2003 | 1,483 |
| Woodrun East | 7890 Tally Ann Drive | $77,000 | $73 | 6/30/2011 | 1990 | 1,055 |
| Leewood Hollow | 1211 Leewood Hollow | $115,000 | $105 | 6/30/2011 | 1983 | 1,092 |
| Tower Oaks | 5531 Tower Wood Trail | $94,000 | $70 | 6/29/2011 | 2002 | 1,338 |
| Meadows At Woodrun | 2309 Windermere Road | $81,750 | $76 | 6/29/2011 | 1980 | 1,078 |
| Savannah Crossing | 2738-2604 W Tharpe St | $67,000 | $55 | 6/28/2011 | 2004 | 1,209 |
| Killearn Acres | 6428 Bold Venture Trail | $110,000 | $91 | 6/28/2011 | 1984 | 1,207 |
| Heatherwood Estates | 4262 Heatherwood Drive | $125,000 | $79 | 6/27/2011 | 2004 | 1,592 |
| Killearn Lakes | 8377 Hunters Ridge Trail | $86,000 | $86 | 6/27/2011 | 1993 | 1,000 |
| Woodland Drive | 909 Circle Drive | $340,000 | $139 | 6/27/2011 | 1954 | 2,443 |
| Camellia Gardens | 3400 Old Bainbridge Road #306 | $68,000 | $49 | 6/24/2011 | 2004 | 1,386 |
| None | 3620 Estates Road | $60,000 | $21 | 6/24/2011 | 1990 | 2,851 |
| Camelot Park | 870 Kingsway Rd. | $182,000 | $79 | 6/24/2011 | 1978 | 2,300 |
| Homestead Ridge | 9370 Settler Avenue | $210,000 | $106 | 6/24/2011 | 2007 | 1,983 |
| Golden Pheasant | 2259 Upland Way | $280,000 | $99 | 6/23/2011 | 2005 | 2,838 |
| Glen Pointe | 4100 Mission Trace Blvd | $57,500 | $55 | 6/21/2011 | 1997 | 1,050 |
| None | 1829 Woodgate Way | $200,000 | $89 | 6/20/2011 | 1977 | 2,251 |
| Brighton Place Condos | 1575 PAUL RUSSELL RD | $103,000 | $60 | 6/20/2011 | 2006 | 1,731 |
| Crown Ridge | 4063 BUSTER RD | $28,000 | $27 | 6/20/2011 | 1999 | 1,056 |
| killearn lakes | 7900 Briar Creek | $148,000 | $110 | 6/20/2011 | 1994 | 1,342 |
| Autumn Woods | 5633 Maple Forest Drive | $95,000 | $95 | 6/17/2011 | 1979 | 1,000 |
| Brandon Woods | 3419 Derbyshire Court | $230,000 | $91 | 6/16/2011 | 1986 | 2,530 |
| CONTINENTAL OAKS | 2067 CONTINENTAL Avenue | $27,500 | $43 | 6/16/2011 | 1983 | 640 |
| Killearn Estates | 2829 Roscommon Drive | $214,500 | $70 | 6/15/2011 | 1969 | 3,069 |
| Forest Heights | 1907 Sunset Lane | $155,000 | $124 | 6/15/2011 | 1974 | 1,252 |
| Buckhead | 2630 S Hannon Hill Drive | $303,900 | $118 | 6/14/2011 | 1999 | 2,567 |
| Talco Hills | 2422 Talco Hills Drive | $58,000 | $57 | 6/14/2011 | 1990 | 1,019 |
| Camellia Gardens | 3400 Old Bainbridge #402 | $84,900 | $62 | 6/13/2011 | 2004 | 1,368 |
| Valley View | 1101 Colorado Street | $25,000 | $22 | 6/10/2011 | 1954 | 1,152 |
| Killearn Lakes | 1600 FOLKSTONE RD | $114,900 | $84 | 6/8/2011 | 1991 | 1,370 |
| Sable Chase | 1833 Acorn Ridge Trail | $159,650 | $108 | 6/8/2011 | 2005 | 1,477 |
| Villas Of Westridge | 2363 SANDPIPER ST | $32,000 | $34 | 6/8/2011 | 1983 | 928 |
| Woodbriar | 3309 Sawtooth Drive | $65,500 | $49 | 6/7/2011 | 2005 | 1,338 |
| Florida A&M | 222 Young Street | $39,000 | $28 | 6/6/2011 | 1945 | 1,385 |
| Huntington Woods | 2800 Faringdon Drive | $87,000 | $73 | 6/3/2011 | 1991 | 1,185 |
| Bluffs At Deerpointe | 6839 Walden Circle | $166,000 | $94 | 6/3/2011 | 1990 | 1,769 |
| Southwood | 4070 Colleton Court | $139,900 | $94 | 6/3/2011 | 2003 | 1,483 |
| Emerald Acres | 8589 Marquis Street | $231,000 | $106 | 6/2/2011 | 2005 | 2,175 |
| Goose Creek Meadows | 171 Leah Martin Court | $172,000 | $90 | 6/2/2011 | 2002 | 1,916 |
| Northampton | 5235 Outwood Mill Lane | $205,500 | $93 | 6/2/2011 | 1993 | 2,220 |
| Villas Of Westridge | 2272 SANDPIPER STREET | $25,000 | $27 | 6/2/2011 | 1983 | 928 |
| Wolf Creek | 1954 Nena Hills Drive | $66,275 | $49 | 6/2/2011 | 2005 | 1,344 |
| Copper Creek | 1102 Copper Creek Drive | $51,000 | $51 | 6/2/2011 | 1993 | 1,008 |
Check back with us from time to time, as we will always monitor the status of arms length home sales and their counterparts in the Tallahassee housing market.
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