Canopy Listings And Home Sales Report April 2018

Canopy is a brand new master planned community in Northeast Tallahassee, offering 3 and 4 bedroom new construction homes priced below $400K.

Located at the intersection of Fleischmann Road and Centerville Road, you can expect these well built homes to sell rapidly in our inventory-starved market.

About Canopy In Tallahassee

Canopy Schools

Canopy is zoned for the following Leon County public schools:

This Canopy neighborhood report includes charts and graphs that display average home prices, home values, and home sizes, as well as a list of the most recent closed home sales in Canopy.

For each of the three real estate graphs found in this Tallahassee housing 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).

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 Canopy).

Canopy Home Prices

As a brand new subdivision, Canopy has less than one year worth of home sales, though we are seeing about 3 homes selling each month.

Currently, the average sales price for a home in Canopy is about $320K.

Activity in Canopy is just getting started, and you can expect sales to be as fast as the builder can complete the homes. Demand for this price range far exceeds current supply levels.

Canopy Home Values

Homes this year have sold at and average of $176 per square foot, but expect these to rise as the builder develops sales momentum.

We typically advise homebuyers to be cautious of being "the first one in" on a new community, as often times things change when the developer's lofty ambitions are not met.

With Canopy, I do not think this will be a factor. The combination of too few build-able lots in NE Tallahassee combined with a low inventory of homes at these prices makes me believe this one will be for the record books. Values will rise as the waiting list of buyers grows.

Canopy Home Sizes

Currently, Canopy homes range in size from 1,600 square feet to 2,600 square feet, and we'll not likely see many homes fall outside of this range in the near term.

The average size of the 12 homes sold in Canopy this year has been 1,882 square feet.

Canopy Home Sales

The following table shows home sales in Canopy going back to 2017, when the first home was sold here.

This concludes our April 2018 update on home sales in Canopy, please give us a call at (850) 366-8917 or drop us a note if you have questions about this new neighborhood located in Northeast Tallahassee. If you want to know what people are saying about working with Joe Manausa Real Estate, you can see hundreds of real customer reviews reported on Google, Facebook and Zillow right here: http://www.manausa.com/testimonials.