Betton Subdivisions Real Estate Report October 2015

Some of the most historically sought-after real estate in Tallahassee can be found in the Betton subdivisions within the 32308 zip code.

The popular Northeast Tallahassee neighborhoods are located inside of I-10 and along Thomasville Road just north of midtown.

With homes of all ages, with some soon to be approaching 80 years (and one over 150 years old), recent buyers report their choice to live in Betton was based upon convenience and their ability to get everywhere and anywhere quickly, while also having access to the four parks built throughout the communities.

If you want to know how real estate is faring in the Betton subdivisions (Betton Hills, Betton Hill, Betton Woods, Betton Estates, Betton Place and Betton Oaks), you can start by examining long-term home sales trends. These trends are insightful and highly valuable if you are planning on selling a home in Betton or buying one there too. We have compiled average home prices, home values, and home size trends in Betton, and we include all current listings in the Tallahassee MLS and all closed home sales going back to 1991.

For each of the three real estate graphs found in this report, you will find the number of closed home sales for each year (red columns, measured on the left vertical axis), and an important real estate statistic shown in blue (measured on the right vertical axis.

It is important to note that the narrative contained below is for sales through December for all previous years, but through the 3rd week of October in 2015. The graphs and the closed sales table will be continuously updated into the future (meaning bookmark this page if you always want to know the current status of homes in any of the Betton neighborhoods).

Betton Home Prices

Betton home prices continue to rise, up 3% in 2015 after seeing a large spike in 2014. Through the third week in October, the average sales prices of a Betton home has been $313,810.

Average Home Prices

Home sales activity this year is similar to the rate of sales that we have recorded since the housing market collapse in 2007. For 7 consecutive years, the Betton neighborhoods have seen the number of closed home sales rise, but 2015 will likely put an end to the streak. The 38 closed home sale through this writing are well below the 54 home sales recorded through all of 2014.

Betton Home Values

Unlike home prices, average home values in Betton have been fairly stable over the past few years. There has been a very slow rate of growth since Betton hit a market bottom in 2010, resulting in 14% appreciation spread out over the past five years. Expect this to catapult higher once distressed properties have cleared the market.

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Through the third week in October, the average value of a home sold in the Betton neighborhoods has been roughly $129 per square foot. This is roughly 3% higher than last year, but you need to really look at homes closely as they are in all stages of modernization and improvement.