Bobbin Brook, Bobbin Trace, and Bobbin Mill Woods are three adjacent upscale neighborhoods in NE Tallahassee between Thomasville Road and Meridian Road on the southern side of Maclay Road.
Offering great access to town and some of the largest homes in Tallahassee, the three Bobbin neighborhoods offer land, luxury, and location to buyers who demand to have it all.
Homes For Sale In The Bobbin Neighborhoods
The following list of luxury homes are all currently active listings in Bobbin Brook, Bobbin Trace, and Bobbin Mill Woods:
Bobbin Neighborhood Schools
Bobbin Brook, Bobbin Trace, and Bobbin Mill Woods are within walking distance to the private Maclay School, and are zoned for the following Leon County public schools:
For the real estate graphs found in this report, you will see the number of closed home sales for each year (red columns, measured on the left vertical axis), and a useful real estate statistic shown in blue (measured on the right vertical axis).
The graphs and the historical 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 Brook, Bobbin Trace, and Bobbin Mill Woods).
It is important to note that the narrative contained below is for sales through December for all previous years, but through the first week of July in 2019. The graphs and the closed sales table will be continuously updated into the future.
Bobbin Brook, Bobbin Trace, and Bobbin Mill Woods Home Prices
The average home price in the Bobbins in 2019 is $782,000, down 38% from last year’s average.
Average price fluctuations are common in this neighborhood, but a 38% decline is eye-opening.
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Home sales activity in the Bobbin neighborhoods in 2019 is on pace to place among the most active going back more than ten years. Simply put, buyers have been buying the Bobbins! Currently though, only one of the eight homes for sale in the Bobbin neighborhoods is under contract.
Bobbin Neighborhood Home Values
Due to a wide array of home sizes, property sizes, and relatively few sales each year, “average” home values fluctuate greatly in these neighborhoods. Home sellers need to be aware that there appears significant pressure on values right now.
The fact that the average value of the homes sold in the Bobbins this year is lower would not be cause for concern were it not for the fact that smaller homes (typically selling for a higher price per square foot) have been selling thus far. In fact, the average home size since last year is down 26% while home values have dropped 14%. If values were stable, we would expect a decline in the average home size to produce a rise in the average home value.
The ten homes sold in the Bobbin neighborhoods in 2018 went for an average value of $228 per square foot.
Average Home Sizes In The Bobbin Neighborhoods
The average home size sold in the Bobbins typically falls in a range of 3,500 to 5,000 square feet, and 2019 is no different.
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The seven homes that sold in 2019 have averaged 3,934 square feet.
Home Sales In Bobbin Brook, Bobbin Mill Woods, and Bobbin Trace
The following list shows more than 270 home sales in the Bobbin neighborhoods going back to 1991.
I hope our July 2019 report on the Bobbin Trace, Bobbin Brook, and Bobbin Mill Woods has given you the information you were looking for. If not, you can give us a call at (850) 366-8917 or drop us a note and we’ll help you with your specific Tallahassee real estate needs.
As a local born and raised in Tallahassee with a focus on customer service, I promise you’ll find great success when working with Joe Manausa Team at Xcellence Realty, just as have our past customers. You can thousands of their reviews reported on Google, Facebook and Zillow right here: Real Estate Agent Reviews Tallahassee.
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When moving to, in, or from Tallahassee, you will fare better if you work with a local expert. We are here to help. If you have further questions on the Tallahassee real estate market, you can leave a comment below, give us a call at (850) 366-8917, or drop us a note and we'll give you the local information needed to ensure a successful, smooth transaction.
As a local born and raised in Tallahassee with a focus on customer service, I promise you'll find great success when working with Joe Manausa Real Estate, just as have our past customers. You can read thousands of their reviews reported on Google, Facebook and Zillow right here: Real Estate Agent Reviews Tallahassee.
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