Eastgate Housing Report February 2016

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Eastgate is a popular NE Tallahassee neighborhood, situated between midtown and Killearn Estates.

This means that Eastgate is close to dining, shopping, and Tallahassee’s most-active transportation routes.

During our last housing report on Eastgate, we pointed out that 2015 would record a slower rate of sales in 2015 after the record-setting year that was posted in 2014, and that is exactly what happened.

Readers should not mistake this reduction in sales for lack of interest, it’s just the natural reaction to a hugely active year in a smaller neighborhood.

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.

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 second week of February 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 in 2015 dropped 3% after the big 12% increase recorded in 2014. With only 1 sale thus far in 2016, it would premature to read anything into the “average” up at $182,000.

Average Home Price

Eastgate finished the year with the expected slow rate of sales, posting a modest 9 home sales all year long.

Home Value Trends

Average home values in Eastgate fell 7% in 2015, dropping back to a level slightly higher than the three-year plateau observed at the market bottom from 2011 through 2013.

Average Home Value

The sharp decline in Eastgate home values was primarily due to just two sales: There was one very-low valued short sale and one home sale that included a converted garage in the total square footage. Thus, two of the nine home sales brought the “average” value down substantially, and I would expect this year to see things resume to appreciation in this highly coveted price range in Tallahassee’s northeast quadrant.

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 last year was no different.  The nine closed home sales in 2015 averaged 1,327 square feet of heated and cooled living space. Again, let’s not read into the one sale thus far in 2016 which was for a whopping 1,632 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 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 February 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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