Betton Shows Difference Between Real Estate Values And Prices
Posted by Joe Manausa on Thursday, August 11, 2011 at 11:58:04 AM
By Joe Manausa / August 11, 2011
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Most US housing reports confuse the difference between real estate values and real estate average price movements. Today we observe the Betton neighborhoods which have seen average home prices rise, even as home values decline.
Average home prices and real estate values might correlate over the long haul, but the reality is that the average price of homes sold show how much consumers are paying, whereas values address the change (real estate appreciation or depreciation) of the homes in any given market. The easiest way to "see" this is with a few real estate graphs produced from homes sold in a specific Tallahassee neighborhood.
Real Estate Values In The Betton Neighborhoods
Real estate values in the Betton neighborhoods peaked in 2007, where the average home was selling for over $160 per square foot. In the graph below, the number of home sales recorded each year are shown by the vertical blue bars, while home values are shown with the red line.
Betton Average Home Price Versus Betton Real Estate Values
We get a different picture when we look at a graph of the average home price in the Betton neighborhoods. With historic low interest rates, consumers are gravitating to the great real estate values and buying the larger homes without seeing the impact on their monthly mortgage payments. This activity makes it appear as if values are rising, but instead it is really a view at what is selling.
Real Estate Values Require Closer Inspection
So the next time you see a report showing the change in real estate values, see if the author of the report has used a finely tuned comparison of similar properties, or just average home prices. If it is the latter, you can know that there is a good chance that the findings of real estate appreciation or real estate depreciation are skewed.
Recent Home Sales In The Betton Neighborhoods
| Neighborhood | Address | SP | Price/SQF | Closing Date | Year Built | SQF |
| Betton Hills | 2514 Harriman Cir | $650,000 | $174 | 7/27/2011 | 2006 | 3,728 |
| Betton Hill | 1522 Argonne RD | $250,000 | $87 | 7/15/2011 | 1957 | 2,890 |
| Betton Oaks | 1558 Goodwood Drive | $166,400 | $106 | 7/15/2011 | 1976 | 1,575 |
| Betton Hill | 1317 Lemond Street | $218,000 | $126 | 7/15/2011 | 1955 | 1,731 |
| Betton Hills | 2223 Trescott Drive | $263,000 | $102 | 7/1/2011 | 1956 | 2,576 |
| Betton Woods | 2529 Betton Woods Dr | $129,000 | $60 | 6/24/2011 | 1980 | 2,160 |
| Betton Hills | 2530 MARSTON RD | $396,000 | $119 | 6/15/2011 | 1970 | 3,315 |
| Betton Hill | 2522 MARSTON Road | $265,000 | $93 | 6/10/2011 | 1970 | 2,858 |
| Betton Hills | 2116 E Randolph Circle | $355,000 | $124 | 5/18/2011 | 1951 | 2,862 |
| Betton Hills | 2233 Demeron Road | $432,000 | $125 | 5/10/2011 | 1994 | 3,458 |
| Betton Hills | 2506 Marston Road | $257,500 | $134 | 4/29/2011 | 1971 | 1,928 |
| Betton Hills | 2011 Lee Avenue | $235,000 | $103 | 4/21/2011 | 1949 | 2,287 |
| Betton Hills | 2001 Trescott Drive | $495,000 | $134 | 3/31/2011 | 2008 | 3,692 |
| Betton Hill | 2509 Cline Street | $370,000 | $123 | 3/31/2011 | 1971 | 3,015 |
| Betton Hills | 2000 Ellicott Drive | $190,000 | $100 | 3/4/2011 | 1975 | 1,909 |
| Betton Hills | 1534 Mitchell Avenue | $194,500 | $124 | 2/18/2011 | 1950 | 1,568 |
| Betton Hill | 1504 Mitchell Avenue | $235,000 | $141 | 1/5/2011 | 1952 | 1,668 |
| Betton Hills | 2724 Everett Ln | $280,000 | $88 | 12/23/2010 | 1874 | 3,197 |
| Betton Hill | 1579 Marion Avenue | $220,000 | $124 | 12/20/2010 | 1949 | 1,774 |
| Betton Hill | 1520 Marion Avenue | $212,500 | $90 | 12/3/2010 | 1942 | 2,353 |
| Betton Hills | 2001 Winthrop Way | $361,000 | $121 | 12/2/2010 | 1974 | 2,985 |
| Betton Hills | 2535 Marston Road | $315,000 | $103 | 11/10/2010 | 1972 | 3,060 |
| Betton Hill | 1302 Betton Road | $198,000 | $120 | 10/25/2010 | 1948 | 1,645 |
| Betton Hill | 1575 Hickory Avenue | $340,000 | $95 | 10/11/2010 | 1951 | 3,562 |
| Betton Hill | 1445 Mitchell Avenue | $298,000 | $145 | 9/15/2010 | 1959 | 2,052 |
| Betton Hills | 2304 Armistead Road | $215,000 | $92 | 9/2/2010 | 1963 | 2,332 |
| Betton Hills | 1514 Argonne Road | $265,000 | $95 | 8/11/2010 | 1954 | 2,782 |
| Betton Oaks | 1643 Goodwood Drive | $174,000 | $131 | 7/30/2010 | 1977 | 1,333 |
| Betton Hills | 1781 Marston Place | $525,000 | $155 | 7/20/2010 | 1978 | 3,386 |
| Betton Hills | 2136 Armistead Road | $255,000 | $125 | 7/16/2010 | 1962 | 2,040 |
| Betton Hills | 2401 Cline Street | $240,000 | $87 | 7/15/2010 | 1973 | 2,760 |
| Betton Hills | 1424 Marion Avenue | $193,500 | $121 | 7/8/2010 | 1949 | 1,594 |
| Betton Hills | 2213 Armistead Road | $340,000 | $123 | 7/1/2010 | 1972 | 2,769 |
| Betton Hill | 1638 Mitchell Avenue | $133,000 | $86 | 6/23/2010 | 1960 | 1,540 |
| Betton Estates | 1809 Linden Lane | $360,000 | $139 | 6/8/2010 | 1979 | 2,595 |
| Betton Hills | 2120 Jenette | $185,000 | $98 | 6/1/2010 | 1957 | 1,895 |
| Betton Hills | 2002 Trescott Drive | $166,000 | $111 | 5/30/2010 | 1976 | 1,496 |
| Betton Oaks | 1590 Goodwood Drive | $171,783 | $91 | 5/28/2010 | 1978 | 1,898 |
| Betton Hills | 2106W Randolph Circle | $155,000 | $89 | 5/26/2010 | 1950 | 1,738 |
| Betton Hill | 1584 Hickory Avenue | $475,000 | $151 | 5/15/2010 | 1950 | 3,151 |
| Betton Hill | 1529 Crestview Avenue | $450,000 | $119 | 4/30/2010 | 1949 | 3,788 |
| Betton Hills | 2353 Armistead Road | $288,000 | $101 | 3/26/2010 | 1976 | 2,839 |
| Betton Hills | 1507 Argonne Road | $320,000 | $112 | 3/23/2010 | 1954 | 2,869 |
| Betton Hills | 2117 Trescott Drive | $235,000 | $155 | 3/19/2010 | 1955 | 1,517 |
| Betton Hills | 2115E Randolph Circle | $700,000 | $169 | 3/16/2010 | 1952 | 4,150 |
| Betton Hill | 2320 Armistead Rd. | $230,000 | $148 | 3/9/2010 | 1962 | 1,558 |
| Betton Hill | 1502 Marion Avenue | $417,000 | $169 | 2/5/2010 | 1979 | 2,474 |
| Betton Hill | 2203 Trescott Drive | $257,300 | $125 | 1/19/2010 | 1954 | 2,059 |
| Betton Hills | 2020 Randolph Circle | $200,000 | $107 | 12/30/2009 | 1955 | 1,875 |
| Betton Hills | 2610 Marston Road | $310,000 | $108 | 12/29/2009 | 1971 | 2,858 |
| Betton Woods | 2552 Noble Court | $220,300 | $96 | 12/23/2009 | 1983 | 2,298 |
| Betton Hill | 2310 Ellicott Drive | $220,000 | $99 | 12/11/2009 | 1963 | 2,214 |
| Betton Hills | 2302 Ellicott Drive | $382,500 | $125 | 12/9/2009 | 1963 | 3,052 |
| Betton Hills | 2020 Winthrop Way | $355,000 | $135 | 12/4/2009 | 1973 | 2,638 |
| Betton Hills | 1430 Marion Ave | $370,000 | $132 | 11/3/2009 | 1968 | 2,800 |
| Betton Hills | 1320 Dillard Street | $265,000 | $133 | 10/29/2009 | 1953 | 1,989 |
| Betton Brook | 808 Wilmon Court | $215,000 | $147 | 9/30/2009 | 2001 | 1,464 |
| Betton Hills | 2007W Randolph Circle | $282,500 | $117 | 9/28/2009 | 1954 | 2,424 |
| Betton Hill | 2428 Oakdale Street | $327,000 | $136 | 9/25/2009 | 1976 | 2,401 |
| Betton Hills | 2235 Ellicott Dr. | $366,000 | $131 | 9/18/2009 | 1962 | 2,788 |
| Betton Hill | 2424 Oakdale Street | $276,000 | $123 | 9/18/2009 | 1977 | 2,249 |
| Betton Hills | 2114 Jenette Street | $310,000 | $130 | 9/15/2009 | 1952 | 2,392 |
| Betton Hill | 2121 Jenette Street | $225,000 | $129 | 8/27/2009 | 1958 | 1,748 |
| Betton Hills | 1307 Lemond Street | $258,000 | $154 | 8/14/2009 | 1954 | 1,678 |
| Betton Hills | 2526 Marston Road | $410,000 | $100 | 7/31/2009 | 1972 | 4,111 |
| Betton Hill | 1521 Argonne Road | $203,000 | $124 | 7/15/2009 | 1952 | 1,633 |
| Betton Woods | 2658 Noble Drive | $282,900 | $93 | 7/15/2009 | 1985 | 3,054 |
| Betton Oaks | 1570 Goodwood Drive | $160,000 | $121 | 7/14/2009 | 1977 | 1,317 |
| Betton Hills | 2305 Armistead Road | $257,500 | $178 | 7/2/2009 | 1958 | 1,449 |
| Betton Hills | 2011 E Randolph Cir | $275,000 | $157 | 6/30/2009 | 1955 | 1,752 |
| Betton Hill | 2001W Randolph Circle | $267,000 | $125 | 6/26/2009 | 1956 | 2,137 |
| Betton Hill | 2227 Trescott Drive | $248,500 | $123 | 6/19/2009 | 1960 | 2,026 |
| Betton Hills | 1319 Betton Rd | $399,000 | $156 | 3/26/2009 | 1951 | 2,553 |
| Betton Hills | 1314 Dillard | $325,000 | $121 | 3/20/2009 | 1952 | 2,680 |
| Betton Hills | 2115E Randolph Circle | $425,000 | $102 | 3/2/2009 | 1952 | 4,150 |
| Betton Hill | 2275 Trescott Drive | $325,000 | $116 | 2/20/2009 | 1960 | 2,792 |
| Betton Hill | 1801 Woodgate Way | $250,000 | $98 | 2/13/2009 | 1980 | 2,562 |
| Betton Hill | 1521 Marion Avenue | $249,900 | $158 | 1/27/2009 | 1941 | 1,583 |
| Betton Woods | 2665 Noble Dr. | $275,000 | $149 | 1/26/2009 | 1984 | 1,840 |
| Betton Hills | 2305 Armistead Road | $165,000 | $114 | 12/29/2008 | 1958 | 1,449 |
| Betton Woods | 2528 Noble Drive | $310,000 | $102 | 12/15/2008 | 1987 | 3,046 |
| Betton Hills | 2107 Ellicott Drive | $335,000 | $156 | 12/5/2008 | 1974 | 2,150 |
| Betton Hill | 1527 Belleau Wood Dr | $170,000 | $130 | 11/25/2008 | 1955 | 1,304 |
| Betton Oaks | 1619 Goodwood Dr | $182,000 | $123 | 10/23/2008 | 1978 | 1,475 |
| Betton Hills | 2137 Trescott Drive | $280,000 | $117 | 10/3/2008 | 1955 | 2,392 |
| Betton Hills | 2501 Armistead Road | $308,000 | $123 | 9/26/2008 | 1978 | 2,496 |
| Betton Hills | 2107 Ellicott Drive | $409,900 | $191 | 8/28/2008 | 1974 | 2,150 |
| Betton Oaks | 1512 Goodwood Court | $190,000 | $124 | 8/14/2008 | 1988 | 1,528 |
| Betton Woods | 2666 Noble Dr | $340,000 | $130 | 8/11/2008 | 1983 | 2,620 |
| Betton Hill | 1620 Mitchell Avenue | $261,000 | $149 | 7/29/2008 | 1960 | 1,748 |
| Betton Hills | 1450 Lee Avenue | $300,000 | $132 | 7/22/2008 | 1941 | 2,278 |
| Betton Hills | 2608 Cline | $480,000 | $140 | 7/21/2008 | 1972 | 3,425 |
| Betton Hills | 1556 Spruce Avenue | $239,000 | $133 | 7/10/2008 | 1950 | 1,796 |
| Betton Hills | 2787 Armistead Rd | $319,000 | $136 | 6/30/2008 | 1976 | 2,350 |
| Betton Woods | 2660 Egret Lane | $515,000 | $145 | 6/13/2008 | 1987 | 3,556 |
| Betton Hills | 1594 Marion Ave | $555,000 | $176 | 6/5/2008 | 1984 | 3,158 |
| Betton Woods | 2593 Merganser Court | $635,000 | $183 | 5/22/2008 | 1986 | 3,462 |
| Betton Hills | 2740 Everett Lane | $299,000 | $117 | 5/21/2008 | 1978 | 2,549 |
| Betton Estates | 1801 Linden Lane | $320,000 | $125 | 4/1/2008 | 1985 | 2,557 |
| Betton Hill | 2515 Armistead Rd | $475,000 | $131 | 3/31/2008 | 1979 | 3,626 |
| Betton Hills | 1315 Lemond St | $569,000 | $204 | 3/7/2008 | 2006 | 2,793 |
| Betton Hills | 1516 Argonne Rd | $320,000 | $132 | 2/29/2008 | 1959 | 2,417 |
| Betton Hills | 2216 Armistead | $230,000 | $122 | 2/1/2008 | 1974 | 1,884 |
| Betton Hill | 1535 Hickory Ave | $345,000 | $166 | 1/15/2008 | 1951 | 2,078 |
| Betton Hills | 2526 Harriman Circle | $625,000 | $178 | 1/15/2008 | 1970 | 3,512 |
| Betton Hill | 2601 Armstrong Rd | $460,000 | $153 | 1/15/2008 | 1974 | 3,016 |
| Betton Hills | 1435 Crestview Ave | $240,000 | $126 | 1/11/2008 | 1955 | 1,901 |
| Betton Hill | 1433 Spruce Avenue | $580,000 | $171 | 1/11/2008 | 2004 | 3,400 |
| Betton Hill | 1504 Argonne Rd | $240,000 | $148 | 12/14/2007 | 1972 | 1,627 |
| Betton Hill | 2231 Trescott Drive | $309,000 | $169 | 11/16/2007 | 1958 | 1,824 |
| Betton Hills | 2116 Trescott Dr. | $312,078 | $121 | 11/15/2007 | 1998 | 2,579 |
| Betton Hill | 2401 Oakdale St | $310,000 | $165 | 11/2/2007 | 1976 | 1,883 |
| Betton Hill | 1319 Lemond St | $325,000 | $149 | 10/12/2007 | 1950 | 2,174 |
| Betton Hills | 2509 Chamberlin Drive | $252,000 | $150 | 9/28/2007 | 1975 | 1,684 |
| Betton Hills | 2516 Harriman Circle | $520,000 | $183 | 9/14/2007 | 1972 | 2,844 |
| Betton Hills | 1511 Crestview Ave | $317,000 | $165 | 8/27/2007 | 1949 | 1,917 |
| Betton Hill | 2507 Chamberlin Dr | $325,000 | $158 | 8/13/2007 | 1976 | 2,051 |
| Betton Hills | 2534 Marston Road | $400,000 | $160 | 7/31/2007 | 1970 | 2,500 |
| Betton Hills | 1507 Argonne Rd. | $450,000 | $157 | 7/30/2007 | 1954 | 2,869 |
| Betton Hill | 2447 Oakdale Street | $325,000 | $140 | 7/18/2007 | 1976 | 2,318 |
| Betton Hills | 1466 Mitchell Avenue | $635,000 | $208 | 7/16/2007 | 2007 | 3,050 |
| Betton Oaks | 1480 Goodwood Ct. | $182,000 | $115 | 7/6/2007 | 1984 | 1,580 |
| Betton Hills | 1503 Spruce Avenue | $250,000 | $139 | 6/29/2007 | 1948 | 1,794 |
| Betton Estates | 1809 Linden Lane | $532,000 | $197 | 6/15/2007 | 1979 | 2,700 |
| Betton Woods | 2578 Canvasback Ct. | $445,000 | $131 | 6/15/2007 | 1990 | 3,400 |
| Betton Hills | 1564 Hickory Ave | $680,000 | $220 | 6/6/2007 | 2006 | 3,093 |
| Betton Hills | 2107 Lee Avenue | $260,000 | $163 | 5/31/2007 | 1955 | 1,594 |
| Betton Oaks | 1481 Goodwood Ct. | $209,000 | $110 | 5/4/2007 | 1989 | 1,900 |
| Betton Hills | 1405 Betton Rd | $220,000 | $153 | 4/20/2007 | 1981 | 1,440 |
| Betton Woods | 2574 Canvasback Court | $345,000 | $132 | 4/10/2007 | 1984 | 2,604 |
| Betton Hills | 2222 Ellicott Drive | $750,000 | $211 | 3/27/2007 | 1996 | 3,558 |
| Betton Hills | 2247 Trescott | $305,000 | $138 | 3/16/2007 | 1957 | 2,204 |
| Betton Oaks | 1562 Goodwood Drive | $186,500 | $116 | 3/8/2007 | 1978 | 1,604 |
| Betton Hills | 2406 Troland Road | $395,000 | $162 | 2/16/2007 | 1969 | 2,443 |
| Betton Hills | 2517 Harriman Circle | $389,000 | $159 | 1/17/2007 | 1966 | 2,448 |
| Betton Hill | 1560 Hickory | $696,750 | $218 | 1/11/2007 | 2006 | 3,200 |
Please check back again for more reports on real estate values in the Tallahassee real estate market.
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