Cameron Chase Home Sales Report October 2014

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Located on the NE side of Tallahassee just north of I-10 and serving as Unit 42 of Killearn Estates, Cameron Chase is a newer neighborhood with homes built from 2002 to 2005.

With 130 homes built and sold in such a short period of time, Cameron Chase is one of Tallahassee’s “boom neighborhoods” that was practically built and sold overnight. Based upon the demographics of the neighborhood, it means that the typical move cycle commenced for 130 homeowners at the very bottom of the housing market.

Despite this neighborhood being in an excellent location, we could very well see issues for home sellers if too many were to storm into the market at the same time.

In this report, we will look at prices, values, and sizes of homes in Cameron Chase, as well as show current listings in the Tallahassee MLS and all closed home sales going back to 2007.

Cameron Chase Home Prices

For all of the 3 real estate graphs found below, you will find the number of closed home sales for each year (blue columns, measured on the left vertical axis), and an important real estate statistic shown in red (measured on the right vertical axis. It is important to note that sales are through December for all previous years, but through October in 2014.

Average home prices have risen slightly for each of the past two years and are now consistent with prices back in 2004. Distressed sales have been relatively low when compared with the average in Tallahassee (2 of the past 30 sales have been distressed). The average recorded sales price is $219,300 for Cameron Chase thus far in 2014.

Cameron Chase Home Prices

Home sales activity this year is consistent with what we have seen since the neighborhood switched from “new” to “used” in 2006, but none of these years is anywhere near the levels seen in 2003 and 2004. Thus far in 2014, there have been 10 closed home sales in Cameron Chase.

Cameron Chase Home Values

Average home values in Cameron Chase have been on a slow and steady rise since 2010. There is always going to be a healthy demand for newer homes in the Killearn Estates area, and Cameron Chase currently serves that demand well.

Cameron Chase Home Values

Through October, the average value of a home sold in Cameron Chase has been $122 per square foot. This is right about the same value as most of these homes sold when new, so most original owners (assuming they did not refinance in the past ten years) have paid their mortgage down enough to no longer be trapped in the homes.

Where is the Tallahassee market headed?

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Cameron Chase Home Sizes

The average home size sold in Cameron Chase typically falls in a range of 1,700 to 2,000 square feet, and this year home sales are in the middle of this range. The 10 sales thus far in 2014 have averaged 1,797 square feet.

Cameron Chase Home Size

Just as we have warned with other “boom neighborhoods,” a mass exodus could be cause for value concerns. But based upon superior location and steady sales over the past ten years, I don’t think this is likely to occur in Cameron Chase.

Homes For Sale In Cameron Chase

The following list of homes are the most recent listings in Cameron Chase.

[idx-listings tract=”CAMERON CHASE” maxyear=”2013″ propertytypes=”3294″ orderby=”DateAdded” orderdir=”DESC” count=”10″ showlargerphotos=”true”]

Cameron Chase Home Sales

The following list shows home sales going back to 2002 in Cameron Chase.

Home Sales in Cameron Chase

AddressPricePrice / SQFClosing DateYear BuiltSQFSale Type
3307 Cameron Chase Dr$375,000$2162026-05-1420041,740Resale
3370 Aqua Ridge Way$387,500$2202026-05-0520051,762Resale
3314 Dry Creek Dr$422,000$1982026-04-1620022,131Resale
3462 Cameron Chase Dr$415,000$2072026-03-1720052,005Resale
3342 Cameron Chase Dr$386,700$2202026-01-2620041,759Resale
3370 Aqua Ridge Way$340,000$1932026-01-2620051,762Resale
3345 Aqua Ridge Way$410,000$1972025-06-1220042,076Resale
3426 Cameron Chase Dr$430,000$2162025-02-0520031,993Resale
3304 Aqua Ridge Way$445,000$1842024-11-2720052,419Resale
2807 Aqua Ridge Ct$420,000$2082024-10-2220042,019Resale
2896 Frogs Leap Way$399,900$2292024-08-1620021,746Resale
3307 Cameron Chase Dr$366,000$2102024-08-1220041,740Resale
2884 Frogs Leap Way$366,000$2122024-07-1220031,726Resale
3313 Dry Creek Dr$360,000$2152024-05-0620031,673Resale
3325 Dry Creek Dr$385,000$2072024-04-0520031,856Resale
3319 Dry Creek Dr$364,500$2062023-12-1820031,769Resale
3421 Cameron Chase Dr$390,000$1782023-09-2920032,186Resale
3373 Dry Creek Dr$370,000$2152023-08-2820031,720Resale
2830 Frogs Leap Way$360,000$2072023-07-2820041,740Resale
3332 Dry Creek Dr$355,000$2122023-06-1620031,671Resale
3383 Aqua Ridge Way$365,000$2172022-10-0720031,682Resale
3395 Aqua Ridge Way$362,000$2022022-09-2920051,791Resale
3366 Cameron Chase Dr$350,000$2062022-08-2620031,699Resale
3304 Aqua Ridge Way$420,000$1742022-07-2520052,419Resale
2860 Frogs Leap Way$367,000$1762022-06-0620032,088Resale
3360 Cameron Chase Dr$350,000$1772022-05-0420041,981Resale
3355 Cameron Chase Dr$412,000$1762022-04-2220052,336Resale
2800 Aqua Ridge Ct$415,000$2442022-04-2120041,704Resale
2866 Frogs Leap Way$350,000$1802022-03-3120031,940Resale
3319 Dry Creek Dr$325,000$1842022-02-2220031,769Resale
3334 Aqua Ridge Way$345,000$1962022-02-1520041,762Resale
3328 Aqua Ridge Way$296,500$1722021-12-3120041,726Resale
3384 Cameron Chase Dr$292,500$1772021-09-3020031,649Resale
3377 Aqua Ridge Way$348,000$1642021-09-1020052,123Resale
3364 Aqua Ridge Way$295,000$1692021-08-0320051,742Resale
3346 Aqua Ridge Way$290,000$1722021-07-1620041,682Resale
3343 Cameron Chase Dr$295,000$1522021-06-1520031,940Resale
3301 Aqua Ridge Way$356,000$2052021-05-2720041,740Resale
3345 Aqua Ridge Way$315,000$1522021-05-2420042,076Resale
3319 Cameron Chase Dr$275,000$1662021-05-1020051,654Resale
3344 Dry Creek Dr$335,000$1552021-05-0320022,158Resale
3391 Aqua Ridge Way$340,000$1562021-04-1620032,173Resale
3310 Aqua Ridge Way$300,000$1772021-03-1020041,693Resale
2819 Aqua Ridge Ct$282,000$1372021-03-0420042,065Resale
2890 Frogs Leap Way$274,500$1582020-08-3120031,738Resale
3409 Cameron Chase Dr$255,000$1502020-08-2820021,697Resale
3336 Cameron Chase Dr$220,000$1332020-07-3020041,651Resale
3402 Cameron Chase Dr$268,500$1542020-07-1520051,740Resale
3361 Dry Creek Dr$257,000$1512020-06-3020031,700Resale
3349 Cameron Chase Dr$269,000$1362020-04-2220031,974Resale
3356 Dry Creek Dr$267,000$1532020-03-0620021,742Resale
2842 Frogs Leap Way$292,500$1322020-01-3120042,210Resale
3450 Cameron Chase Dr$243,000$1442019-12-0420021,693Resale
3433 Cameron Chase Dr$278,000$1362019-12-0320032,040Resale
3354 Cameron Chase Dr$244,000$1472019-09-2720041,656Resale
2826 Frogs Leap Way$250,000$1432019-09-0920041,748Resale
3358 Aqua Ridge Way$276,000$1292019-06-2720052,141Resale
3373 Dry Creek Dr$270,000$1572019-06-1920031,720Resale
3387 Aqua Ridge Way$275,000$1502019-05-2420031,839Resale
3365 Dry Creek Dr$255,000$1502019-05-2420031,704Resale
3391 Aqua Ridge Way$292,000$1342019-05-0320032,173Resale
3300 Cameron Chase Dr$260,000$1522019-03-0820031,713Resale
3414 Cameron Chase Dr$267,000$1542018-10-0120021,730Resale
2806 Aqua Ridge Ct$270,000$1402018-09-1020041,924Resale
2830 Frogs Leap Way$250,000$1442018-07-3120041,740Resale
3377 Aqua Ridge Way$280,000$1322018-07-2520052,123Resale
3444 Cameron Chase Dr$250,000$1482018-07-1720021,690Resale
3355 Cameron Chase Dr$277,000$1192018-05-0420052,336Resale
3372 Cameron Chase Dr$255,000$1242018-02-2620042,063Resale
3309 Aqua Ridge Way$250,000$1442017-11-2220031,742Resale
3413 Aqua Ridge Way$280,000$1262017-09-2720042,223Resale
3409 Cameron Chase Dr$220,000$1302017-09-1420021,697Resale
3426 Cameron Chase Dr$255,000$1282017-09-0520031,993Resale
2842 Frogs Leap Way$270,000$1222017-08-3120042,210Resale
3350 Dry Creek Dr$245,000$1462017-08-2920031,682Resale
3365 Dry Creek Dr$215,000$1262017-07-1420031,704Resale
3331 Cameron Chase Dr$247,000$1142017-06-0620042,175Resale
3383 Aqua Ridge Way$230,000$1372017-04-0720031,682Resale
3384 Cameron Chase Dr$215,000$1302017-03-1020031,649Resale
3365 Aqua Ridge Way$230,000$1372017-03-0320031,682Resale
3377 Aqua Ridge Way$222,200$1052017-01-2720052,123Resale
3318 Cameron Chase Dr$249,000$1272016-10-1420041,960Resale
2872 Frogs Leap Way$249,900$1282016-08-0520031,956Resale
2866 Frogs Leap Way$242,500$1232016-08-0120031,964Resale
3300 Dry Creek Dr$235,000$1402016-07-0120021,682Resale
2848 Frogs Leap Way$250,000$1222016-06-1420042,056Resale
3346 Aqua Ridge Way$222,000$1322016-02-0620041,682Resale
3337 Cameron Chase Dr$218,000$1282015-12-0120041,708Resale
2860 Frogs Leap Way$225,000$1082015-11-3020032,088Resale
3353 Aqua Ridge Way$219,000$1272015-11-3020041,726Resale
3313 Dry Creek Dr$214,000$1282015-07-1320031,673Resale
3325 Cameron Chase Dr$206,000$1182015-06-2920041,740Resale
3426 Cameron Chase Dr$235,000$1182015-04-1020031,993Resale
3331 Dry Creek Dr$215,000$1102015-04-0920031,962Resale
3405 Aqua Ridge Way$210,000$1212015-01-0720031,730Resale
3334 Aqua Ridge Way$219,500$1252015-01-0720041,762Resale
3414 Cameron Chase Dr$234,000$1352014-09-2620021,730Resale
3304 Dry Creek Dr$222,000$1162014-08-2620031,922Resale
3337 Dry Creek Dr$202,000$1202014-07-2920031,677Resale
3330 Cameron Chase Dr$214,000$1272014-07-1820041,681Resale

I hope you enjoyed our October 2014 update on home sales in Cameron Chase, please feel free to drop me a note if you have questions not covered in this report.

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