Bull Run Listings And Housing Report For July 2016

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Bull Run in NE Tallahassee is a text book example of a “boom neighborhood.”

With new home construction that commenced in 2005 and continues through today, it is a neighborhood that offers great choices for today’s homebuyers that favor new and newer homes.

Regardless of the homes being ten years old or brand new, the sale of Bull Run homes has thrived over the past ten years.

But the pace of sales has changed in 2016.

While 14 of the 26 homes for sale in Bull Run are already under contract, the number of closed home sales is down significantly when compared to the past few years.

With nearly 2 in every 5 homes in our Bull Run Report being new construction, it is obvious that buyers are willing to pay a premium for this prime location and its highly sought after schools.

Bull Run is served by the following Leon County Schools:

In this report, we will look at prices, values, and sizes of homes in Bull Run, as well as show current listings in the Tallahassee MLS and all closed home sales going back to 2005 (the first recorded sales in Bull Run).

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 through the end of the year for all previous years, and through the second week of July in 2016. 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 Bull Run).

Bull Run Home Prices

Average home prices have continued to rise for the past four years, buoyed by new home construction sales. With median home prices stable for all of Tallahassee, it is not surprising that we are finally seeing a slowdown of home sales in Bull Run.

Average Home Price

With only 22 closed home sales as of the writing of this post, activity in 2016 continues to be much slower than what we saw in Bull Run last year.

Bull Run Home Values

Bull Run home values have dipped slightly so far in 2016, perhaps leading to the first year of declining home values in more than four years. This relates to the ratio of new homes sold to those that were sold by existing owners. As new construction slows down, the resale values (which are lower) will make it appear as if values are falling. As a boom neighborhood, Bull Run homeowners should monitor for pent-up supply.

Average Home Value

The average value of a home sold in Bull Run has been $151 per square foot in 2016. This is up 16% above the bottom reached in 2012, and only 6% lower than the market high set back in 2007. I will warn however that with roughly 40% of these sales being new construction, average home values are highly skewed.

The “resale only” average is lower. Unfortunately, like everywhere else in town, this means that many homeowners who have purchased or refinanced in the past 10 years should expect lower prices and values, and they likely have little or negative equity in their homes.

Where is the Tallahassee market headed?

New articles as they publish, plus the Monday market report. Free, by email.

Bull Run Home Sizes

The average home size sold in Bull Run typically falls in a range of 2,000 to 2,300 square feet, and this year is no different.

Average Home Size

The 22 sales thus far in 2016 have averaged 2,183 square feet.

Homes For Sale In Bull Run

The following map and list of homes are the most recent listings in Bull Run.

Bull Run

Bull Run

7 Properties
2581 Manassas Way
Tallahassee, FL, 32312
Beds3Baths2MLS#406737
2554 Lagrange Trail
Tallahassee, FL, 32312
Beds3Baths2MLS#406826
5833 Dahlgren Trail
Tallahassee, FL, 32312
Beds3Baths2MLS#406547
2640 MANASSAS Way
Tallahassee, FL, 32312
Beds4Baths2MLS#405693
2624 MANASSAS Way
Tallahassee, FL, 32312
Beds4Baths2MLS#404600
2544 CARTHAGE Lane
Tallahassee, FL, 32312
Beds4Baths3MLS#405738
5718 Roanoke Trail
Tallahassee, FL, 32312
Beds4Baths4MLS#405287

Bull Run Home Sales

The following list shows more than 500 home sales in Bull Run going back to 2005, the first year that homes began selling here.

Home Sales in Bull Run

AddressPricePrice / SQFClosing DateYear BuiltSQFSale Type
2616 Manassas Way$389,000$2192026-08-2120131,773Resale
5625 Ringold Ln$445,500$2192026-07-2020112,030Resale
5705 Groveton Ct$635,000$2492026-07-1520162,555Resale
5637 Ringold Ln$425,000$2322026-06-2320121,828Resale
2617 Antietam Trl$640,000$2622026-06-1820132,439Resale
2530 Manassas Way$365,000$2152026-06-1620101,701Resale
2575 Ulysses Rd$580,000$2212026-06-0220072,627Resale
5716 Sumter Hill Ln$565,000$2382026-05-2720152,375Resale
2581 Ulysses Rd$525,000$2482026-05-2720122,114Resale
2676 Breton Ridge Dr$610,000$2512026-05-1320182,431Resale
2605 Antietam Trl$685,000$2042026-05-0120063,350Resale
5620 Tecumseh Dr$440,000$1942026-04-3020062,270Resale
2545 Carthage Ln$575,000$2252026-04-2720092,553Resale
5867 Dahlgren Trl$532,000$2432026-04-1720142,188Resale
2664 Breton Ridge Dr$558,000$2482026-04-0720122,248Resale
2503 Ulysses Rd$749,000$2882026-03-3120252,602New
2603 Opequon Bnd$502,500$2412026-01-0920092,087Resale
2596 Manassas Way$443,000$2372025-12-1220131,873Resale
2541 Lagrange Trl$486,000$2102025-11-0620082,318Resale
5731 Farnsworth Dr$845,000$2702025-10-2720163,135Resale
2642 Opequon Bnd$515,000$2492025-10-2320132,067Resale
2621 Farragut Way$557,000$2462025-10-1420142,260Resale
5672 Burnside Cir$500,000$2102025-10-0920062,381Resale
2510 Manassas Way$465,000$2442025-09-1020091,904Resale
2601 Ulysses Rd$425,000$2042025-09-0220062,088Resale
2542 Manassas Way$450,000$2382025-08-2720091,891Resale
2617 Manassas Way$465,000$2242025-08-2620112,072Resale
2501 Ulysses Rd$819,900$2882025-08-0820252,842New
2688 Breton Ridge Dr$645,000$2462025-07-0220062,626Resale
2624 Manassas Way$478,000$2252025-06-2020132,121Resale
2547 Bennits Mill Way$535,000$2252025-06-1320092,376Resale
2580 Ulysses Rd$500,000$2322025-06-0420112,155Resale
2645 Antietam Trl$660,000$2172025-05-2920143,048Resale
5801 Dahlgren Trl$563,000$2552025-03-3120142,212Resale
2565 Manassas Way$435,000$2352025-03-2420081,848Resale
5750 Farnsworth Dr$709,900$2692025-03-1320142,637Resale
5659 Tecumseh Dr$460,000$2032025-02-1420062,270Resale
5624 Tecumseh Dr$500,000$2112025-02-0620062,373Resale
2586 Ulysses Rd$437,000$2392025-02-0520111,828Resale
2548 Halleck Ln$442,500$2342024-12-1820081,888Resale
2607 Opequon Bnd$460,000$2442024-11-2220121,882Resale
2513 Ulysses Rd$505,000$2152024-11-1520082,345Resale
2594 Halleck Ln$445,000$2502024-11-1220101,782Resale
5663 Tecumseh Dr$441,500$2252024-09-1220061,963Resale
5718 Roanoke Trl$515,000$2192024-08-1920052,348Resale
2542 Bennits Mill Way$520,000$2432024-08-0920112,138Resale
5700 Sumter Hill Ln$520,000$2222024-08-0820182,346Resale
2607 Opequon Bnd$450,000$2392024-07-3120121,882Resale
2598 Farragut Way$442,000$2402024-07-1620121,840Resale
2622 Farragut Way$450,000$2392024-06-1720131,882Resale
2533 Lagrange Trl$495,000$2392024-05-1020102,074Resale
5809 Dahlgren Trl$619,000$2242024-05-0220162,769Resale
5640 Tecumseh Dr$440,000$2252024-04-3020061,959Resale
2605 Farragut Way$430,000$2532024-04-1920111,701Resale
2508 Carthage Ln$508,400$2292024-04-1220132,218Resale
2593 Ulysses Rd$435,000$2292024-04-0420061,899Resale
2626 Opequon Bnd$505,000$2462024-03-1420132,055Resale
2569 Ulysses Rd$490,000$2332024-02-2620122,105Resale
2526 Bennits Mill Way$510,000$2202024-01-2220092,322Resale
2515 Dahlgren Ct$436,500$2372023-12-2920141,842Resale
2549 Ulysses Rd$441,000$2352023-12-2020131,874Resale
2583 Ulysses Rd$488,000$2352023-11-0620102,074Resale
2567 Carthage Ln$539,500$2432023-11-0320122,216Resale
5655 Tecumseh Dr$476,500$2062023-10-3120062,316Resale
2575 Manassas Way$486,000$2302023-08-2320082,117Resale
5624 Tecumseh Dr$465,000$1962023-08-1720062,373Resale
2583 Halleck Ln$453,000$2252023-07-2720122,017Resale
2504 Ulysses Rd$470,000$2242023-06-3020102,094Resale
5774 Farnsworth Dr$662,500$2432023-06-2320172,725Resale
2612 Antietam Trl$597,300$2182023-05-3020052,737Resale
2688 Breton Ridge Dr$610,000$2322023-04-1120062,626Resale
5705 Groveton Ct$597,000$2342023-04-0320162,555Resale
2612 Manassas Way$475,000$2242023-03-3120132,121Resale
2594 Farragut Way$460,000$2282023-03-3120122,017Resale
5664 Burnside Cir$489,900$2322023-03-2720072,113Resale
5868 Dahlgren Trl$500,000$2182023-01-2620152,289Resale
2546 Manassas Way$425,000$2322023-01-1020091,831Resale
2574 Halleck Ln$463,800$2302022-11-2820102,016Resale
5833 Dahlgren Trail$450,000$2402022-11-2820161,878Resale
2500 Ulysses Rd$560,000$2152022-11-1520152,605Resale
5708 Sumter Hill Ln$365,000$1942022-10-2820121,882Resale
2533 Lagrange Trl$460,000$2222022-10-0620102,074Resale
2505 Spotsylvania Ct$440,000$2352022-10-0320161,871Resale
5654 Burnside Cir$460,000$2002022-09-2120062,301Resale
5659 Tecumseh Dr$425,000$1872022-08-3120062,270Resale
5655 Tecumseh Dr$445,000$1922022-08-0820062,316Resale
5721 Roanoke Trl$639,900$2522022-07-2920062,535Resale
2547 Bennits Mill Way$495,500$2092022-07-0820092,376Resale
2543 Halleck Ln$447,000$2462022-06-2320081,814Resale
5653 Burnside Cir$515,000$2442022-06-0820062,113Resale
2527 Dahlgren Ct$615,000$2262022-05-3120152,720Resale
5726 Roanoke Trl$632,900$2272022-05-2620052,784Resale
2586 Halleck Ln$386,000$2292022-05-1020091,685Resale
5686 Burnside Cir$475,000$2072022-04-2920072,293Resale
5641 Ringold Ln$456,000$2202022-04-2720112,074Resale
2545 Ulysses Rd$445,500$2322022-04-1820131,923Resale
2624 Manassas Way$450,000$2122022-04-1520132,121Resale
5698 Burnside Cir$434,900$2112022-03-2120072,058Resale
2628 Manassas Way$449,500$2392022-03-1820131,882Resale
2619 Opequon Bnd$442,500$2402022-03-1620121,840Resale

I hope you enjoyed our July 2016 update on home sales in Bull Run, please feel free to drop me a note if you have questions not covered in this report.

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