Downtown Tallahassee Condo Market Update
The downtown Tallahassee condominium market exploded with the housing market boom in 2004, and many people have asked me how that part of the Tallahassee real estate market is doing. I just received this question from reader "Joyce" who asked:
Joe,I would like to see condo market [high rise luxury, etc] in zip 32301, prices, past selling prices, etc.
Thanks. Joyce
After knocking out the Tallahassee Real Estate Newsletter yesterday, I have a limited amount of time for today's blog, so I will give a brief overview of what has occurred in the downtown Tallahassee market.
Downtown Tallahassee Condo Sales Still Relatively Strong
The first thing that I discovered when viewing the downtown Tallahassee condos sale was that it was performing differently than the rest of the Tallahassee housing market. While it did see a boom, and then a great fall-off from the boom, we have seen the downtown market return to levels that were "normal" prior to 2004.
In the real estate graph below, new condo unit sales are shown in blue, while existing condo unit sales are shown in red, for the 32301 zip code in downtown Tallahassee. The one year trend shows that we are averaging about 7 units sold per month, half new and the other half existing units.
Condo Prices Recover To An Affordable Level
Many people who are interested in condominiums and townhouses in downtown Tallahassee will be happy to know that the average price for one of these units is around $180,000. Some units sell for upwards of $1M, or as low as $125K, but there are plenty that can be found below $300K.
Recent High Rise Condo and Townhouse Sales In Downtown Tallahassee
Here are some recent Condo and Townhouse sales. I did a quick run-through and selected just the "arms length" sales, so this should give Joyce a good feel for some recent downtown condo prices in Tallahassee.
| Subdivision/Location | Parcel Address | Price | Sale Date |
| BROOKWOOD TRACE CONDO | 2014 MIDYETTE RD | $124,500 | 9/18/2009 |
| BRIGHTON PLACE | 1575 PAUL RUSSELL RD | $155,000 | 8/31/2009 |
| PLAZA TOWER CONDO | 300 S DUVAL ST 2005 | $465,900 | 8/20/2009 |
| PLAZA TOWER CONDO | 300 S DUVAL ST | $255,700 | 8/19/2009 |
| BRIGHTON PLACE CONDO | 1575 PAUL RUSSELL RD | $130,000 | 8/14/2009 |
| PLAZA TOWER CONDO | 300 S DUVAL ST 1405 | $390,600 | 8/7/2009 |
| BRIGHTON PLACE CONDO | 1575 PAUL RUSSELL RD | $156,500 | 8/5/2009 |
| SUMMERCHASE CONDOMINIUMS | GEARHART RD | $130,000 | 8/3/2009 |
| PLAZA TOWER CONDO | 300 S DUVAL ST | $215,600 | 7/31/2009 |
| LAFAYETTE CONDO/TOWNHOMES | 304 S FRANKLIN BLVD | $105,000 | 7/29/2009 |
| PLAZA TOWER CONDO | 300 S DUVAL ST 1905 | $434,100 | 7/24/2009 |
| CHARLESTON RIDGE CONDO | 1320 HENDRIX RD | $140,000 | 7/23/2009 |
| THE TENNYSON CONDOMINIUM | N MONROE ST | $116,000 | 7/23/2009 |
| BRIGHTON PLACE CONDO | 1575 PAUL RUSSELL RD | $164,900 | 7/22/2009 |
| PLAZA TOWER CONDO | 300 S DUVAL ST | $248,800 | 7/17/2009 |
| PLAZA TOWER CONDO | 300 S DUVAL ST 606 | $352,000 | 7/15/2009 |
| PLAZA TOWER CONDO | 300 DUVAL ST 1110 | $201,400 | 7/10/2009 |
| PLAZA TOWER CONDO | 300 S DUVAL ST 1610 | $244,600 | 7/10/2009 |
| LAFAYETTE CONDO/TOWNHOMES | 348 S FRANKLIN BLVD | $165,000 | 7/9/2009 |
| PLAZA TOWER CONDO | 300 S DUVAL ST 2106 | $438,300 | 7/8/2009 |
| PLAZA TOWER CONDO | 300 S DUVAL ST 503 | $239,700 | 7/7/2009 |
| PLAZA TOWER CONDO | 300 S DUVAL ST | $159,800 | 6/26/2009 |
| PLAZA TOWER CONDO | 300 S DUVAL ST 1606 | $419,800 | 6/16/2009 |
| PLAZA TOWER CONDO | 300 S DUVAL ST | $239,700 | 6/11/2009 |
| BRIGHTON PLACE CONDO | 1575 PAUL RUSSELL RD | $155,000 | 6/9/2009 |
| PLAZA TOWER CONDO | 300 S DUVAL ST | $246,100 | 6/4/2009 |
| PLAZA TOWER CONDO | 300 S DUVAL ST | $377,600 | 6/4/2009 |
| PLAZA TOWER CONDO | 300 S DUVAL ST | $369,500 | 6/3/2009 |
| BRIGHTON PLACE CONDO | 1575 PAUL RUSSELL RD | $160,000 | 5/29/2009 |
| BROOKWOOD TRACE CONDO | 2014 MIDYETTE RD | $125,000 | 5/29/2009 |
| BROOKWOOD TRACE CONDO | 2014 MIDYETTE RD | $126,000 | 5/26/2009 |
| PLAZA TOWER CONDO | 300 S DUVAL ST 612 | $291,000 | 5/21/2009 |
| BRIGHTON PLACE CONDO | 1575 PAUL RUSSELL RD | $153,000 | 5/20/2009 |
| PLAZA TOWER CONDO | 300 S DUVAL ST | $199,100 | 5/18/2009 |
| PLAZA TOWER CONDO | 300 S DUVAL ST | $237,400 | 5/18/2009 |
| BRIGHTON PLACE CONDO | 1575 PAUL RUSSELL RD | $150,000 | 5/15/2009 |
| EMBASSY HOUSE CONDO | 407 E CAROLINA ST | $189,000 | 5/14/2009 |
| BRIGHTON PLACE CONDO | 1575 PAUL RUSSELL RD | $151,500 | 5/5/2009 |
| BRIGHTON PLACE CONDO | 1575 PAUL RUSSELL RD | $155,000 | 4/30/2009 |
| BROOKWOOD TRACE CONDO | 2014 MIDYETTE RD | $125,000 | 4/30/2009 |
| THE TENNYSON CONDOMINIUM | N MONROE ST | $273,000 | 4/24/2009 |
| THE TENNYSON CONDOMINIUM | N MONROE ST | $110,500 | 4/23/2009 |
| CHARLESTON RIDGE CONDO | 1320 HENDRIX RD | $132,000 | 4/13/2009 |
| SUMMERCHASE CONDOMINIUMS | GEARHART RD | $135,000 | 4/10/2009 |
| GOVERNOR'S INN CONDOMINIUM | S ADAMS ST | $172,500 | 3/16/2009 |
| BRIGHTON PLACE CONDO | 1575 PAUL RUSSELL RD | $153,000 | 3/15/2009 |
| EMBASSY HOUSE CONDO | 407 E CAROLINA ST | $189,900 | 3/6/2009 |
| EMBASSY HOUSE CONDO | 405 N GADSDEN ST | $89,900 | 2/24/2009 |
| GOVERNOR'S INN CONDOMINIUM | S ADAMS ST | $162,500 | 2/9/2009 |
| BRIGHTON PLACE CONDO | 1575 PAUL RUSSELL RD | $150,000 | 1/28/2009 |
| GOVERNOR'S INN CONDOMINIUM | S ADAMS ST | $178,100 | 1/15/2009 |
| GOVERNOR'S INN CONDOMINIUM | S ADAMS ST | $172,500 | 1/5/2009 |
| GOVERNOR'S INN CONDOMINIUM | S ADAMS ST | $178,100 | 1/5/2009 |
| THE TENNYSON CONDOMINIUM | N MONROE ST | $250,000 | 12/12/2008 |
| THE TENNYSON CONDOMINIUM | N MONROE ST | $301,000 | 12/9/2008 |
| GOVERNOR'S INN CONDOMINIUM | S ADAMS ST | $142,500 | 11/19/2008 |
| GOVERNOR'S INN CONDOMINIUM | S ADAMS ST | $213,400 | 11/19/2008 |
| TALLAHASSEE CENTER CONDO | 215 W COLLEGE AVE | $185,000 | 11/7/2008 |
| BRIGHTON PLACE CONDO | 1575 PAUL RUSSELL RD | $166,000 | 10/31/2008 |
| TALLAHASSEE CENTER CONDO | 215 W COLLEGE AVE | $136,900 | 10/31/2008 |
| TALLAHASSEE CENTER CONDO | 215 W COLLEGE AVE | $299,900 | 10/31/2008 |
| BRIGHTON PLACE CONDO | 1575 PAUL RUSSELL RD | $155,500 | 10/21/2008 |
| BRIGHTON PLACE CONDO | 1575 PAUL RUSSELL RD | $205,000 | 10/21/2008 |
| BRIGHTON PLACE CONDO | 1575 PAUL RUSSELL RD | $210,000 | 10/21/2008 |
| CHARLESTON RIDGE CONDO | 1320 HENDRIX RD | $135,900 | 9/30/2008 |
| ADAMS STREET LOFTS CONDO | 420 N ADAMS ST | $180,000 | 9/18/2008 |
| TALLAHASSEE CENTER CONDO | 215 W COLLEGE AVE | $149,900 | 9/5/2008 |
| PLACES ON PARK CONDO | 2901 E PARK AVE | $159,000 | 8/15/2008 |
| CITY COVE CONDO | 301 VANTAGE POINT LN 7 | $98,000 | 8/13/2008 |
| EMBASSY HOUSE CONDO | 408 E VIRGINIA ST | $89,900 | 8/11/2008 |
| EMBASSY HOUSE CONDO | 405 E CAROLINA ST | $90,000 | 8/8/2008 |
| BRIGHTON PLACE CONDO | 1575 PAUL RUSSELL RD | $168,000 | 8/4/2008 |
| EMBASSY HOUSE CONDO | 410 E VIRGINIA ST | $104,900 | 7/24/2008 |
| TALLAHASSEE CENTER CONDO | 215 W COLLEGE AVE | $195,000 | 7/24/2008 |
| ADAMS STREET LOFTS CONDO | 420 N ADAMS ST | $475,000 | 7/10/2008 |
| SUMMERCHASE CONDOMINIUMS | GEARHART RD | $155,000 | 7/10/2008 |
| PLACES ON PARK CONDO | 2901 E PARK AVE | $175,000 | 7/7/2008 |
| BRIGHTON PLACE CONDO | 1575 PAUL RUSSELL RD | $166,000 | 6/30/2008 |
| ADAMS STREET LOFTS CONDO | 420 N ADAMS ST | $500,000 | 6/24/2008 |
| GOVERNOR'S INN CONDOMINIUM | S ADAMS ST | $277,000 | 6/23/2008 |
| GOVERNOR'S INN CONDOMINIUM | S ADAMS ST | $277,000 | 6/23/2008 |
| TALLAHASSEE CENTER CONDO | 215 W COLLEGE AVE | $180,000 | 6/23/2008 |
| EMBASSY HOUSE CONDO | 408 E VIRGINIA ST | $92,900 | 6/18/2008 |
| CHARLESTON RIDGE CONDO | 1320 HENDRIX RD | $160,000 | 6/13/2008 |
| PLACES ON PARK CONDO | 2901 E PARK AVE | $155,000 | 5/30/2008 |
| LAFAYETTE CONDO/TOWNHOMES | 520 E PENSACOLA ST | $97,000 | 5/29/2008 |
| ADAMS STREET LOFTS CONDO | 420 N ADAMS ST | $500,000 | 5/23/2008 |
| TALLAHASSEE CENTER CONDO | 215 W COLLEGE AVE | $168,900 | 5/15/2008 |
| TALLAHASSEE CENTER CONDO | 215 W COLLEGE AVE | $185,000 | 5/9/2008 |
| LAFAYETTE CONDO/TOWNHOMES | 303 S MERIDIAN ST | $325,000 | 5/8/2008 |
| BRIGHTON PLACE CONDO | 1575 PAUL RUSSELL RD | $168,000 | 4/29/2008 |
| SUMMERCHASE CONDOMINIUMS | GEARHART RD | $158,000 | 4/23/2008 |
| TALLAHASSEE CENTER CONDO | 215 W COLLEGE AVE | $330,000 | 4/11/2008 |
| ADAMS STREET LOFTS CONDO | 420 N ADAMS ST 101 | $195,000 | 4/3/2008 |
| ADAMS STREET LOFTS CONDO | 420 N ADAMS ST 502 | $194,900 | 4/2/2008 |
| ADAMS PLACE CONDOMINIUMS | 3000 S ADAMS ST | $152,000 | 3/31/2008 |
| BONAVENTURE TOWNHOMES | 3037 CAMELLIAWOOD CIR E | $164,900 | 3/31/2008 |
| HAYS STREET CONDOMINIUM | 1406 HAYS ST | $140,000 | 3/28/2008 |
| SUMMERCHASE CONDOMINIUMS | GEARHART RD | $158,000 | 3/28/2008 |
| EMBASSY HOUSE CONDO | 415 N GADSDEN ST | $1,048,000 | 3/21/2008 |
| ADAMS PLACE CONDOMINIUMS | 3000 S ADAMS ST | $122,100 | 3/20/2008 |
| ADAMS STREET LOFTS CONDO | 420 N ADAMS ST UNIT 505 | $204,900 | 3/19/2008 |
| ADAMS STREET LOFTS CONDO | 420 N ADAMS ST 205 | $189,900 | 3/13/2008 |
| CHARLESTON RIDGE CONDO | 1320 HENDRIX RD | $155,800 | 3/11/2008 |
| BROOKWOOD TRACE CONDO | 2014 MIDYETTE RD | $157,000 | 3/5/2008 |
| BROOKWOOD TRACE CONDO | 2014 MIDYETTE RD | $149,900 | 2/25/2008 |
| LAFAYETTE CONDO/TOWNHOMES | 536 E PENSACOLA ST | $155,000 | 2/4/2008 |
| CHARLESTON RIDGE CONDO | 1320 HENDRIX RD | $70,300 | 2/1/2008 |
| CHARLESTON RIDGE CONDO | 1320 HENDRIX RD | $176,400 | 1/17/2008 |
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Joe Manausa is a real estate blogger, a real estate investor and the Broker and Co-Owner of Joe Manausa Real Estate. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.
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