With roughly 380 homes in the neighborhood, built mostly in the 1950s and 1960s, Waverly Hills consistently presents new renovation opportunities for homebuyers who are not on a tight time schedule.
Thus far in 2016, there have been 9 homes sold in Buckhead with an average price of $463,500 and the average value of a home sold in Buckhead has been $158 per square foot.
Weems Plantation home prices have continued rising for the fourth consecutive year. The average home sales price has been $176,400 for Weems Plantation in 2016, which is only 12% higher than what you would pay back in 2012 when the market bottomed.
Our report on median home values and mean home values suggest that the home you own this December will be worth 10% more in December of 2017.
Average home values in the Glen At Golden Eagle are up 3.5% percent thus far in 2016, while average home prices have moved up to $189,000
Tallahassee home prices are exactly where we expect them to be for one category of homes, yet far below where would forecast for this other category
Chemonie Crossing, located off Centerville Road (just beyond Proctor Road) is enjoying its best year for home sales since 2006, and I think you’ll see why in this report.
Reader asks ‘interests rates just made a move. Would you give us an idea of what the recent rise in interest rates means for the Tallahassee market equilibrium?’
Currently, 76% of all homes sold can be found in the Realtor MLS, thus we know that Realtors are involved in more than 3 of every 4 home sales in Tallahassee.
Many people who have considered selling their home are shocked to find their homes have moved up in value so rapidly (after seeing nearly eight years of declining or stagnant values).
Goose Creek home values continue to rise, with this being the fourth consecutive year of appreciation (up 7.5% thus far in 2016 over average home values recorded in 2015).
Rapidly rising home prices have likely prevented the Betton neighborhoods from having a record-setting year in 2016, though home sales activity in the Betton area has been brisk.
Arvah Branch home prices shot 25% higher in 2016 when compared to home prices in 2015, making this year’s average the third highest of all years going back to 1991. The average home sales price is $269,300, and that is with just 5 homes sold.
There are 85 homes for sale in Killearn Lakes Plantation and nearly 1/2 are already under contract. Through the writing of this report, there have been 211 closed home sales in Killearn Lakes Plantation in 2016.
Killearn Acres is an affordable opportunity for people who want A-rated schools (Desoto Trail Elementary School, Montford Middle School, and Chiles High School) as well as the other benefits that this area has to offer.
Town N Country Park home prices have surged a whopping 36% in 2016 to $152,600. Considering the size of homes and the size and maturity of the lots they sit on, this price remains very low (meaning they are still going to move higher).
Indian Head Acres and Lehigh home values averaged $92 per square foot in 2016. This is very near land values, meaning the real property upon the land has been discounted to nearly zero because of the housing market collapse of ten years ago.
Killearn Estates home values are now 6% higher in 2016 than what was recorded for all of 2015, which means many homeowners have moved from “upside down” to “with equity.” This is no small benefit for our housing market.
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