Declining Home Sales In The Buckhead Neighborhood
Greetings from New York. I'm writing this from the road, so today will be another brief Tallahassee neighborhood snapshot, focusing on the Buckhead subdivision on the Northeast side of the Tallahassee real estate market.
I pulled all the "arms length" home sales in Buckhead and immediately saw declining home sales and declining home values. The average price topped out at $177 per square foot in 2007, when 6 homes were sold for an average sales price of more than $555K! Thus far in 2009, through May, there has been one home sale in Buckhead for $350K. This is an average of $122 per foot.
Home Sales Graph Of Buckhead Says It All
The following real estate graph shows the number of homes sold each year in blue, the average price each year in red, and the average Buckhead home sales price per square foot in green.
Like many Tallahassee subdivisions, Buckhead saw great appreciation from 2000 through 2006, only to see prices drop from the highs in the past three years. One good note for Buckhead home sales is that prices are still showing great annual appreciation from 2000.
Recent Existing Home Sales In Buckhead
| Parcel Address | Price | SqFt HC | Sale Date |
| 4502 THAXTON CT | $350,000 | 2,876 | 4/10/2009 |
| 4779 BUCKHEAD CT | $295,000 | 2,515 | 12/23/2008 |
| 4739 BUCKHEAD CT | $500,000 | 3,393 | 11/13/2008 |
| 2630 S HANNON HILL DR | $410,000 | 2,567 | 6/16/2008 |
| 4508 RANGEWOOD DR | $510,000 | 2,930 | 5/16/2008 |
| 4533 TIMBERLOCH DR | $495,000 | 3,119 | 3/13/2008 |
| 4503 THAXTON CT | $509,900 | 3,282 | 11/21/2007 |
| 4543 HEDGEWOOD DR | $459,500 | 2,856 | 11/9/2007 |
| 4600 FOREST RIDGE DR | $599,000 | 2,969 | 8/24/2007 |
| 4630 FOREST RIDGE DR | $599,000 | 3,153 | 7/5/2007 |
| 4519 TIMBERLOCH DR | $490,000 | 2,732 | 6/29/2007 |
| 2826 W HANNON HILL DR | $675,000 | 3,787 | 4/6/2007 |
| 2760 W HANNON HILL DR | $425,700 | 2,370 | 11/27/2006 |
| 2652 S HANNON HILL DR | $465,000 | 2,802 | 10/27/2006 |
| 4559 HEDGEWOOD DR | $397,000 | 2,583 | 9/29/2006 |
| 4519 TIMBERLOCH DR | $465,000 | 2,732 | 7/17/2006 |
| 4519 HEDGEWOOD DR | $410,000 | 2,509 | 7/14/2006 |
| 2619 S HANNON HILL DR | $585,000 | 3,505 | 6/30/2006 |
| 4527 TIMBERLOCH DR | $530,000 | 3,536 | 6/7/2006 |
| 4608 WHITETAIL PASS | $480,000 | 2,646 | 2/28/2006 |
| 2891 N HANNON HILL DR | $443,000 | 2,896 | 2/23/2006 |
| 4605 WHITETAIL PASS | $497,900 | 2,853 | 12/20/2005 |
| 4627 SPARROWHAWK CT | $495,000 | 2,962 | 11/8/2005 |
| 2741 W HANNON HILL DR | $400,000 | 2,718 | 9/16/2005 |
| 2643 S HANNON HILL DR | $392,500 | 2,615 | 5/31/2005 |
| 2630 S HANNON HILL DR | $380,000 | 2,567 | 5/11/2005 |
| 4503 THAXTON CT | $399,900 | 3,282 | 8/30/2004 |
| 2611 S HANNON HILL DR | $395,000 | 3,027 | 8/6/2004 |
| 2667 S HANNON HILL DR | $364,000 | 2,674 | 7/23/2004 |
| 2888 N HANNON HILL DR | $379,900 | 2,853 | 6/25/2004 |
| 4771 BUCKHEAD CT | $250,000 | 3,163 | 2/12/2004 |
| 4518 HEDGEWOOD DR | $315,500 | 2,425 | 9/25/2003 |
| 2728 W HANNON HILL DR | $324,200 | 2,525 | 8/29/2003 |
| 4502 THAXTON CT | $357,500 | 2,876 | 7/23/2003 |
| 2760 W HANNON HILL DR | $305,000 | 2,370 | 7/18/2003 |
| 4512 HEDGEWOOD DR | $325,000 | 2,789 | 7/13/2003 |
| 4770 BUCKHEAD CT | $625,000 | 4,898 | 7/12/2003 |
| 2610 S HANNON HILL DR | $325,400 | 2,925 | 4/30/2003 |
| 4527 TIMBERLOCH DR | $362,500 | 3,182 | 4/25/2003 |
| 2682 S HANNON HILL DR | $344,900 | 2,824 | 4/23/2003 |
| 4503 RANGEWOOD DR | $426,500 | 3,280 | 3/28/2003 |
| 2651 S HANNON HILL DR | $316,000 | 2,740 | 2/14/2003 |
| 4559 HEDGEWOOD DR | $288,500 | 2,583 | 6/28/2002 |
| 2887 N HANNON HILL DR | $284,500 | 2,767 | 5/31/2002 |
| 4507 RANGEWOOD DR | $283,000 | 2,903 | 5/30/2002 |
| 2773 W HANNON HILL DR | $365,000 | 2,807 | 5/10/2002 |
| 4779 BUCKHEAD CT | $251,000 | 2,515 | 1/7/2002 |
| 4503 THAXTON CT | $300,000 | 3,282 | 9/12/2001 |
| 2699 S HANNON HILL DR | $265,000 | 2,584 | 8/31/2001 |
| 2891 N HANNON HILL DR | $298,000 | 2,896 | 7/10/2001 |
| 4518 HEDGEWOOD DR | $280,000 | 2,425 | 6/26/2001 |
| 2736 W HANNON HILL DR | $258,000 | 2,666 | 8/2/2000 |
| 4518 HEDGEWOOD DR | $267,000 | 2,425 | 6/5/2000 |
| 2891 N HANNON HILL DR | $210,500 | 2,896 | 5/25/2000 |
| 2894 N HANNON HILL DR | $147,700 | 3,487 | 4/25/2000 |
| 4527 HEDGEWOOD DR | $264,000 | 2,482 | 7/9/1999 |
| 2894 N HANNON HILL DR | $320,000 | 3,487 | 5/26/1998 |
| 2765 W HANNON HILL DR | $265,000 | 2,763 | 11/18/1997 |
| 2741 W HANNON HILL DR | $233,000 | 2,718 | 7/31/1997 |
| 2698 S HANNON HILL DR | $225,000 | 2,356 | 10/29/1996 |
| 2894 N HANNON HILL DR | $320,000 | 3,487 | 8/19/1996 |
| 2752 W HANNON HILL DR | $245,000 | 2,496 | 7/23/1996 |
| 2752 W HANNON HILL DR | $231,900 | 2,496 | 7/15/1995 |
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