Eastgate Listings & Home Sales Report August 2016

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Eastgate is a NE Tallahassee neighborhood, inside of I-10, that contains homes for sale at and below Tallahassee’s median home price.

This means that this popular Northeast Tallahassee neighborhood has great access to shopping, dining, Capital Circle and the Interstate, and it’s priced six figures lower than anything else nearby!

In previous Eastgate housing report, we forecasted that by (now) there would be more homes sold than in all of 2015 through December. That indeed has occurred.

With thirteen homes sold, three on the market (with two already under contract), Eastgate is one hot commodity right now.

Eastgate Schools

Eastgate is zoned for the following public schools:

In this report, we will look at average home prices, average home values, and average home sizes in Eastgate, as well as show current listings in the Tallahassee MLS and all closed home sales going back to 1991.

Eastgate Listings & Home Sales Report August 2016

For the three real estate graphs found below, 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).

It is important to note that the narrative contained below is for sales through December for all previous years, but through the third week of August in 2016. 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 Eastgate).

Home Price Trends

Home prices have recovered strongly in 2016. The 13 homes sold thus far in 2016, the current average price of $152,311 is higher than any we have seen in Eastgate since 2008. But don’t for a second think that these are “high” prices, as Eastgate’s prime location will drive these house prices higher.

Average Home Price

With new home construction costs soaring and build-able lot prices moving higher too, the replacement cost for a typical Eastgate home would be well over $225,000. This makes these homes (2 have sold below $110K) and incredible value investment right now.

Home Value Trends

Average home values in Eastgate are up nearly 5% in 2016, and this is only a glimpse of what we will see in the coming months and years.

Average Home Value

Right now, home values at $109 per square foot are roughly 21% lower than those recorded at the peak of the housing market in 2006 and 12% higher than those recorded at the bottom of the market in 2012. Will Eastgate record new high value records before the end of 2018?

Where is the Tallahassee market headed?

New articles as they publish, plus the Monday market report. Free, by email.

Home Size Trends

The average home size sold in Eastgate typically falls in a range of 1,200 to 1,500 square feet, and this year’s home sales have been at the very top of this range. The first thirteen home sales have averaged 1,417 square feet.

Average Home Size

Eastgate Homes On The Market

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

Eastgate

Eastgate

1 Property
2205 Greenwich Way
Tallahassee, FL, 32308
Beds3Baths2MLS#406324

Home Sales In Eastgate

The following list shows nearly 500 home sales in Eastgate going back to 1991.

Home Sales in Eastgate

AddressPricePrice / SQFClosing DateYear BuiltSQFSale Type
2128 Wembley Way$295,000$2122026-10-0919801,391Resale
2004 Eastgate Way$277,500$1772026-06-2219761,570Resale
2516 Whisper Way$309,000$2102026-05-2919761,474Resale
2201 Eastgate Way$315,000$2152026-05-0119771,464Resale
2504 Bedford Way$250,000$1682026-04-2819781,485Resale
2752 Raintree Cir$270,000$1822026-04-1019731,482Resale
2725 Bedford Way$275,000$1712026-03-2419741,604Resale
2501 Whisper Way$305,400$2482025-12-1919741,230Resale
2520 Bedford Way$265,000$1962025-12-1519741,355Resale
2612 Byron Cir$292,500$2052025-11-1919781,424Resale
2107 Lytham Ln$255,000$2162025-10-2819741,178Resale
2760 Raintree Cir$280,000$1652025-08-2219731,700Resale
2780 Raintree Cir$218,000$1392025-08-2119731,564Resale
2721 Bedford Way$308,000$2382025-08-0119751,293Resale
2113 Danshire Dr$305,000$2432025-06-3019741,257Resale
2225 Greenwich Way$240,000$1862025-06-2319781,290Resale
2752 Raintree Cir$230,000$1552025-06-0519731,482Resale
2604 Byron Cir$285,000$2302025-06-0219761,239Resale
2504 Whisper Way$244,000$2132025-04-2219741,148Resale
2639 Byron Cir$285,000$1982025-04-1519741,441Resale
2212 Branbury Ln$306,600$2292025-03-0619771,340Resale
2204 Little Deal Ct$318,000$2892025-02-2819731,100Resale
2229 Greenwich Way$275,000$2152025-01-1619781,281Resale
2737 Bedford Way$257,500$1652024-12-1119741,560Resale
2220 Branbury Ln$300,000$2162024-10-2419781,386Resale
2556 Whisper Way$255,000$2222024-10-0419801,151Resale
2724 Bedford Way$259,900$1732024-09-1919741,505Resale
2213 Eastgate Way$274,500$2462024-09-1619811,116Resale
2208 Eastgate Way$157,500$1602024-09-051980986Resale
2049 Eastgate Way$275,000$1992024-08-3019771,385Resale
2201 Wembley$329,700$2672024-08-3019771,236Resale
2205 Little Deal Court$317,000$2112024-07-1619731,504Resale
2724 Raintree Cir$349,900$1772024-06-2019741,972Resale
3009 Greenwich Ct$344,000$1922024-06-0519781,788Resale
2604 Byron Cir$198,000$1602024-05-2219761,239Resale
2208 Greenwich Way$270,000$2072024-04-2419791,307Resale
2204 Little Deal Ct$198,500$1802024-04-1119731,100Resale
2205 Little Deal Court$215,000$1432024-04-0519731,504Resale
2521 Whisper Way$289,900$2212024-04-0419771,309Resale
2784 Raintree Cir$239,000$2092024-02-0919731,144Resale
2501 Whisper Way$305,000$2482024-01-2919741,230Resale
3005 Whisper Ct$250,000$1542023-12-1319761,624Resale
2116 Wembley Way$256,000$1792023-09-2819781,430Resale
2426 Dundee Dr$200,000$1752023-07-1719731,144Resale
2220 Eastgate Way$265,000$2142023-05-3119791,238Resale
2501 Whisper Way$230,000$1872023-04-1819741,230Resale
2829 Little Deal Rd$255,000$2162023-03-2019731,181Resale
2643 Byron Cir$339,900$1682023-03-1319742,023Resale
2764 Raintree Cir$265,000$2202023-03-0119751,204Resale
2324 Eastgate Way$245,500$2052023-02-1419791,198Resale
2042 Eastgate Way$230,000$1392023-02-0319771,658Resale
2329 Eastgate Way$245,000$1962022-11-1619791,249Resale
2624 Byron Cir$350,000$2232022-10-0719751,568Resale
2301 Eastgate Way$230,500$1752022-08-2519791,316Resale
2705 Bedford Way$230,000$1352022-07-2919771,700Resale
2809 Little Deal Rd$250,000$1922022-07-2619731,304Resale
2632 Bedford Way$200,000$1682022-06-2919731,188Resale
2353 Eastgate Way$240,000$2152022-05-1319771,116Resale
2119 Lytham Ct$230,000$1872022-05-0519741,227Resale
2016 Eastgate Way$280,000$1492022-04-1319731,878Resale
2408 Dundee Dr$215,000$1952022-03-3119741,100Resale
2050 Eastgate Way$325,000$1602022-03-1819782,036Resale
2612 Byron Cir$200,000$1402021-12-3019781,424Resale
2655 Byron Cir$220,000$1652021-11-2219741,334Resale
2763 Raintree Cir$207,000$1732021-10-2719751,195Resale
2333 Eastgate Way$224,200$1772021-10-0119771,270Resale
2021 Eastgate Way$229,000$1622021-09-3019751,415Resale
2505 Whisper Way$250,000$1382021-09-2919741,807Resale
2784 Raintree Cir$185,000$1622021-09-2019731,144Resale
2209 Eastgate Way$246,000$1702021-09-1619791,444Resale
2724 Raintree Cir$273,000$1382021-09-1019741,972Resale
2213 Eastgate Way$222,500$1992021-08-1019811,116Resale
2205 Wembley Way$223,000$1272021-07-3019771,760Resale
2004 Eastgate Way$210,000$1342021-07-2319761,570Resale
2225 Greenwich Way$236,000$1832021-07-2019781,290Resale
2635 Byron Cir$245,000$1472021-06-1419741,667Resale
2615 Bedford Way$244,000$1332021-05-0719741,830Resale
3209 Shimmy Ln$222,500$1932021-04-1519801,155Resale
3217 Shimmy Ln$222,000$1892021-04-0219801,172Resale
2600 Bedford Way$225,000$1862021-03-1919761,209Resale
2509 Bedford Way$245,000$1892021-02-2619751,293Resale
3009 Whisper Ct$250,000$1552020-12-3019761,616Resale
2029 Eastgate Way$215,000$1752020-12-1819751,227Resale
2101 Eastgate Way$233,500$1752020-11-1319761,334Resale
2439 Dundee Dr$215,000$1452020-10-3019731,482Resale
2109 Wembley Way$225,000$1902020-10-1619781,184Resale
2509 Bedford Way$150,000$1162020-09-3019751,293Resale
2729 Bedford Way$195,000$1242020-09-1519741,571Resale
2337 Eastgate Way$169,000$1552020-09-1119791,092Resale
3001 Eastgate Ct$145,500$1212020-08-1319801,202Resale
2735 Raintree Cir$200,000$912020-08-1219742,200Resale
2308 Dundee Ct$196,500$1482020-08-1119741,332Resale
2049 Eastgate Way$215,000$1552020-07-2219771,385Resale
2710 Raintree Cir$234,000$1842020-07-1019731,271Resale
2717 Bedford Way$217,000$1282020-06-2419761,700Resale
2748 Raintree Cir$175,000$1052020-06-2219731,666Resale
3221 Shimmy Ln$200,000$1272020-05-0819801,580Resale
2541 Lemon Ln$216,000$1642020-05-0119741,319Resale
2652 Byron Cir$180,000$1652020-04-2919731,089Resale
2205 Greenwich Way$200,000$1252020-04-2119741,598Resale

I hope you enjoyed our August 2016 update on home sales in Eastgate, please feel free to drop me a note if you have questions not covered in this report.

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