Average home prices fell negligibly in 2014, but have rebounded 7% thus far in 2015. This means that home prices in the Glen are now 14 percent higher than the low established in 2012
Low prices and low mortgage interest rates continue to make Killearn Acres one of the top-10 selling neighborhoods in Tallahassee. The average recorded sales price is $173,000 for Killearn Acres thus far in 2015.
Through mid-June, the average value of a home sold in Bull Run has been $152 per square foot. This is up 7% over last year and 15% above the bottom reached in 2012, which is only 5% lower than the market high set back in 2007.
The Tallahassee Foreclosure Report addresses all foreclosure sales through May, and a look at the ratio of lis pendens that ultimately convert into a foreclosure sale.
Don’t be surprised if we don’t see Suburban Hills home values rise rapidly as arms-length sellers re-enter the market and buyers discover this incredible location just a bit west of the NE Tallahassee quadrant.
Through the first week in June, the average value of a home sold in Town N Country Park this year has been $88 per square foot. This means that home values are still much lower than the current and future cost of replacement.
Year to date homes sold in Tallahassee through May is much better than what we have seen in recent years, but still far lower than the level Tallahassee would record were it not in a real estate market recovery stage.
Southwood home prices rose 7% in 2014 versus 2013, but have become more affordable with a 7% decline thus far in 2015, bringing back average home prices like we saw in 2012 and 2013
Average home values in Killearn Lakes Plantation fell in 2014 but have returned to 2013 levels. With home values hardly moving since 2009, many home sellers are still dealing with negative equity. Currently, home values today are 22% below the level
We’ve been scouring Tallahassee real estate supply and demand data looking for the positive signals much of the rest of the US has seen, and this report is one that brings much hope for recovery.
There were 13 closed home sales in Observation Pointe last year, the most in any year, but there has only been 1 sale in 2015
Full housing report on Killearn Estates, featuring more than 5,000 past home sales as well as all current listings, plus charts, graphs and analysis of current real estate market conditions.
Park Charleston Home values declined 13% so far in 2015, so current values are 23% lower than the market high set back in 2006. This means that most homeowners who have purchased or refinanced in Park Charleston are dealing with negative equity situa
Today, we will take a look at the most active zip codes in the Tallahassee housing market by reviewing average home prices, average home values, and the percentage of distressed home sales occurring in each zip code
Average home values in Foxcroft are up 5% so far in 2015 after recording a small decline in 2014. If our recent reports on the other neighborhoods in this part of Northeast Tallahassee are any indicator, I would expect values to continue to rise this
Shannon Forest home values have risen 3 years in a row, up from a post-bubble record low set in 2012, and spiking up 22% thus far in 2015
The 16 homes sold in Meadowbrook in 2014 was the most sold in a year since 2006. The current pace thus far in 2015 indicates we have a chance of even more selling this year
Royal Oaks home prices have recovered from last year’s losses to return near 2013 levels. Currently, the average sales price of a home sold in Royal Oaks has been $212,600
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