Bobbin Brook, Bobbin Mill Woods, and Bobbin Trace, (which I refer to as the “Bobbin” neighborhoods) are three small, adjacent luxury home neighborhoods located in the high-demand 32312 zip code.
With average home prices over $1M due to great access to town from both Meridian Road and Thomasville Road, these large homes and large lot sizes are desirable for those spending among the top 1% of Tallahassee’s buyers.
Homes For Sale In Bobbin Mill Woods, Bobbin Trace, and Bobbin Brook
The following list of homes includes all currently active listings in Bobbin Mill Woods, Bobbin Trace, and Bobbin Brook.
Bobbin Hills Homes For Sale
In this report, you will find updated graphs featuring average home price trends, average home value trends, and average home size trends in the three Bobbin neighborhoods and a table of all Bobbin home sales going back to 1991.
Bobbin Neighborhood Schools
Bobbin Mill Woods, Bobbin Trace, and Bobbin Brook are just a very short drive to Maclay School (private), and they are zoned for the following Leon County public schools:
For the 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 the middle of December in 2020. 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 Bobbin Trace, Bobbin Mill Woods, and Bobbin Brook).
Bobbin Mill Woods, Bobbin Trace, and Bobbin Brook Home Prices
The average price of the homes for sale in the Bobbin neighborhoods in 2020 is $1.08M.
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As these three small neighborhoods collectively average about ten home sales each year, there is a lot of volatility in the data. The wide range of home sizes, ages, and lot sizes impact the averages in our reports as well. With this in mind, look to the charts and graphs for long-term trends as opposed to current valuations.
For example, the “average” home price in the Bobbins has just about doubled since 2014, but that doesn’t mean a home purchased in 2014 is worth twice as much today. Those were just different homes selling under worse market conditions in 2016.
Activity in the Bobbin neighborhoods remains strong, as more homes sold in the past two years than in any two-year pairing going back to 2004-2005.
Currently, there are three homes for sale in the Bobbin neighborhoods but none of them are under contract with buyers. The luxury market is having a record-setting year, so expect properly marketed homes here to sell.
Bobbin Neighborhood Home Values
Looking back over the past five years, home values in the Bobbin neighborhoods are generally on the rise. The key take-away from the value graph is that there is volatility but we have pretty much reached new historic-high values in the luxury homes market.
To give you an idea of how little the “average” means in these neighborhoods, note that the homes that sold in 2020 ranged in value from as low as $122 per square foot to as high as $439 per square foot.
Just a quick look at the sales table at the end of this report is enough proof that you cannot estimate a home’s value using price per square foot. The values are all over the place.
The “Bobbins” Home Sizes
The average size of homes sold in the Bobbins typically falls in a range of 3,500 to 5,000 square feet, and 2020 was no different.
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The 11 Bobbin neighborhood home sales in 2020 were measured at an average size of 4,617 square feet.
Home Sales In Bobbin Mill Woods, Bobbin Trace, and Bobbin Brook
The following list shows more than 290 home sales in the Bobbin neighborhoods going back to 1991.
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