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Are Barrington Park Condos The Shangri-La Of The Tallahassee Real Estate Market?

Barrington Park Condos Tallahassee Florida Shangri LaI have been seeking a Tallahassee neighborhood for which I could report something different than all of our recent housing reports, and Barrington Park Condos in Tallahassee, Florida provides the relief that I have been seeking.

Could it be possible to find a niche; a community in Tallahassee where property values have been on the rise for the past three years?

How exactly would this happen and why might a neighborhood in Tallahassee completely disregard the trends in the rest of the Tallahassee real estate market?

Well, the fact is that Barrington Park Condos are entering the third year in which higher average sales prices and average home prices are on the rise.

Barrington Park Condos: Prices On The Rise

Barrington Park Condos Tallahassee Florida Average Price

The average price of a unit in Barrington Park Condos has risen from $80,000 in 2009 to $140,000 thus far in 2012. When  we compare current values to values at the peak of the market, average condo prices in Barrington Park are down about 24%, which is consistent with the rest of the Northeast Tallahassee real estate market.

Barrington Park Condos: Values On The Rise

Barrington Park Condos Tallahassee Florida Average Value

The average value of Barrington Park Condos are also on the rise for nearly 3 years, with the current $90 per square foot average far higher than the $71 per square foot average found in 2009. Of course, Barrington Park Condo values are down 38% since the 2007 peak at $145 per square foot.

Why Barrington Park Condos Are Not Really Different

So from what we have seen above, you might think that we have found the Shangri-La of the Tallahassee real estate market, but there is a rather simple explanation.

Barrington Park Condos were offered to the market as a bulk liquidation back in 2009. Even as the market was falling, condo sales in Barrington Park were on fire in 2009 and 2010, due to low prices.

In fact, I would say that Barrington Park Condos serve as excellent proof that real estate is always a seller's market.

I think Barrington Park Condos have found their return to the market, and will soon join the rest of the Tallahassee real estate market with falling condo prices and falling condo values.

List Of Recent Unit Sales In Barrington Park Condos

Address Sales Price Price/SQF Closing Date Year Built SQF Type
2801 Chancellorsville Dr $138,500 $90 2/9/2012 2004 1,532 Arms Length
2801 Chancellorsville $71,500 $65 11/8/2011 2004 1,096 Distressed
2801 Chancellorsville Dr. #1428 $100,000 $72 8/5/2011 2004 1,397 Distressed
2801 Chancellorsville Drive $82,900 $79 7/29/2011 2005 1,056 Arms Length
2801 Chancellorsville Drive $121,000 $109 6/3/2011 2004 1,112 Arms Length
2801 Chancellorsville Drive $121,000 $87 6/3/2011 2004 1,397 Arms Length
2801 Chancellorsville Drive $95,000 $90 5/20/2011 2004 1,056 Arms Length
2801 Chancellorsville Dr $74,900 $67 3/24/2011 2004 1,112 Arms Length
2801 Chancellorsville Drive $162,400 $106 2/28/2011 2004 1,532 Arms Length
2801 Chancellorsville Dr $104,900 $69 2/24/2011 2004 1,525 Arms Length
2801 Chancellorsville Dr $104,000 $68 2/16/2011 2005 1,525 Arms Length
2801 Chancellorsville Dr $139,900 $84 2/15/2011 2005 1,660 Arms Length
2801 Chancellorsville Dr $109,000 $78 1/31/2011 2005 1,390 Arms Length
2801 1413 Chancellorsville Drive $79,900 $83 1/4/2011 2004 966 Arms Length
2801 Chancellorsville Dr $84,900 $77 12/30/2010 2004 1,096 Arms Length
2801 Chancellorsville Dr $132,900 $95 12/27/2010 2004 1,394 Arms Length
2801 Chancellorsville Drive $104,900 $109 12/18/2010 2004 966 Arms Length
2801 Chancellorsville Dr $124,900 $89 12/10/2010 2004 1,397 Arms Length
2801 Chancellorsville Dr $104,900 $94 10/19/2010 2004 1,112 Arms Length
2801 Chancellorsville Dr $114,900 $75 10/19/2010 2004 1,525 Arms Length
2801 Chancellorsville Dr $114,900 $82 10/1/2010 2004 1,397 Arms Length
2801 Chancellorsville Drive $74,900 $81 9/30/2010 2005 920 Arms Length
2801 Chancellorsville Drive $114,900 $103 9/30/2010 2005 1,120 Arms Length
2801 Chancellorsville Drive $114,900 $75 9/10/2010 2005 1,525 Arms Length
2801 Chancellorsville Drive Unit 635 $105,900 $69 8/23/2010 2004 1,525 Arms Length
2801 Chancellorsville Drive Unit 637 $105,900 $69 8/23/2010 2004 1,525 Arms Length
2801 Chancellorsville Drive $105,000 $69 8/20/2010 2004 1,525 Distressed
2801 Chancellorsville Drive $134,900 $109 8/20/2010 2004 1,242 Arms Length
2801 Chancellorsville Drive $84,900 $87 7/21/2010 2004 972 Arms Length
2801 Chancellorsville Drive $84,900 $87 7/21/2010 2004 972 Arms Length
2801 Chancellorsville Drive $84,900 $87 7/14/2010 2004 972 Arms Length
2801 Chancellorsville Drive $102,900 $74 6/30/2010 2004 1,397 Arms Length
2801 Chancellorsville Drive $84,900 $87 6/29/2010 2004 972 Arms Length
2801 Chancellorsville Drive $99,900 $72 6/28/2010 2004 1,397 Arms Length
2801 Chancellorsville Drive $74,900 $77 6/25/2010 2004 972 Arms Length
2801 Chancellorsville Drive $74,900 $77 6/25/2010 2004 972 Arms Length
2801 Chancellorsville Drive $99,900 $72 6/25/2010 2004 1,397 Arms Length
2801 Chancellorsville Drive $74,900 $77 6/24/2010 2004 972 Arms Length
2801 Chancellorsville Drive $99,900 $72 6/18/2010 2004 1,397 Arms Length
2801 Chancellorsville Drive $99,900 $72 6/18/2010 2001 1,397 Arms Length
2801 Chancellorsville Drive $105,000 $94 6/15/2010 2004 1,118 Arms Length
2801 Chancellorsville Drive $74,900 $77 6/8/2010 2004 972 Arms Length
2801 Chancellorsville Drive $99,900 $72 6/7/2010 2004 1,397 Arms Length
2801 Chancellorsville Drive $129,900 $102 6/1/2010 2001 1,278 Arms Length
2801 Chancellorsville Drive $124,900 $100 5/28/2010 2004 1,246 Arms Length
2801 Chancellorsville Drive $106,000 $85 5/28/2010 2004 1,252 Arms Length
2801 Chancellorsville Drive #723 $84,900 $88 5/28/2010 2004 960 Arms Length
2801 Chancellorsville Drive $99,900 $72 5/21/2010 2004 1,397 Arms Length
2801 Chancellorsville Drive $74,900 $77 5/21/2010 2004 972 Arms Length
2801 Chancellorsville Drive $100,000 $66 5/18/2010 2004 1,525 Arms Length
2801 Chancellorsville Drive $74,900 $90 5/13/2010 2004 835 Arms Length
2801 Chancellorsville Drive $109,900 $89 5/5/2010 2004 1,240 Arms Length
2801 Chancellorsville Drive $114,900 $103 4/23/2010 2004 1,112 Arms Length
2801 Chancellorsville Drive $134,900 $89 4/13/2010 2004 1,510 Arms Length
2801 Chancellorsville Drive $99,900 $90 4/6/2010 2004 1,112 Arms Length
2801 Chancellorsville Drive $109,900 $88 3/18/2010 2004 1,242 Arms Length
2801 Chancellorsville Drive $86,112 $62 3/1/2010 2001 1,397 Arms Length
2801 Chancellorsville Drive $86,112 $62 3/1/2010 2001 1,397 Arms Length
2801 Chancellorsville Drive $86,112 $62 3/1/2010 2001 1,397 Arms Length
2801 Chancellorsville Drive $86,112 $62 3/1/2010 2001 1,397 Arms Length
2801 Chancellorsville Drive $86,112 $70 3/1/2010 2001 1,234 Arms Length
2801 Chancellorsville Drive $86,112 $70 3/1/2010 2001 1,234 Arms Length
2801 Chancellorsville Drive $86,112 $70 3/1/2010 2001 1,234 Arms Length
2801 Chancellorsville Drive $86,112 $70 3/1/2010 2001 1,234 Arms Length
2801 Chancellorsville Drive $86,112 $70 3/1/2010 2001 1,234 Arms Length
2801 Chancellorsville Drive $86,112 $77 3/1/2010 2001 1,124 Arms Length
2801 Chancellorsville Drive $86,112 $77 3/1/2010 2001 1,124 Arms Length
2801 Chancellorsville Drive $86,112 $77 3/1/2010 2001 1,124 Arms Length
2801 Chancellorsville Drive $86,112 $56 3/1/2010 2001 1,525 Arms Length
2801 Chancellorsville Drive $86,112 $67 3/1/2010 2001 1,278 Arms Length
2801 Chancellorsville Drive $86,112 $67 3/1/2010 2001 1,278 Arms Length
2801 Chancellorsville Drive $86,112 $89 3/1/2010 2001 966 Arms Length
2801 Chancellorsville Drive $86,112 $89 3/1/2010 2001 966 Arms Length
2801 Chancellorsville Drive $86,112 $67 3/1/2010 2001 1,278 Arms Length
2801 Chancellorsville Drive $86,112 $67 3/1/2010 2001 1,278 Arms Length
2801 Chancellorsville Drive $86,112 $104 3/1/2010 2001 829 Arms Length
2801 Chancellorsville Drive $100,000 $72 3/1/2010 2001 1,397 Arms Length
2801 Chancellorsville Drive $100,000 $72 3/1/2010 2001 1,397 Arms Length
2801 Chancellorsville Drive $109,900 $98 2/12/2010 2004 1,120 Arms Length
2801 Chancellorsville Drive $69,900 $84 2/5/2010 2001 829 Arms Length
2801 Chancellorsville Drive $64,900 $61 2/2/2010 2001 1,056 Arms Length
2801 Chancellorsville Drive $74,900 $90 1/29/2010 2001 829 Arms Length
2801 Chancellorsville Drive $74,900 $90 1/29/2010 2001 829 Arms Length
2801 Chancellorsville Drive $69,900 $84 1/21/2010 2001 829 Arms Length
2801 Chancellorsville Drive $65,000 $67 1/15/2010 2001 966 Arms Length
2801 Chancellorsville Drive $134,900 $109 1/11/2010 2004 1,240 Arms Length
2801 Chancellorsville $129,900 $103 1/7/2010 2004 1,260 Arms Length
2801 Chancellorsville Drive $95,420 $76 1/6/2010 2001 1,252 Arms Length
2801 Chancellorsville Drive $65,000 $62 1/4/2010 2001 1,056 Arms Length

Please come back for more home sales reports on Tallahassee neighborhoods, including Barrington Park Condos.

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