Eastgate Housing Report May 2015

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Located in Northeast Tallahassee, Eastgate serves up an excellent sampling of median priced homes with the added benefit of being located in a highly desired part of town.

Eastgate is convenient to shopping and with quick access to both the Interstate and Capital Circle NE, you can be just about anywhere around Tallahassee in less than 15 minutes from your home.

It’s hard to find a home for under $200,000 in Tallahassee’s popular Northeast quadrant, but Eastgate stands ready to fill the order.

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

Home Prices

For each of the three real estate graphs found in this report, you will find the number of closed home sales for each year (blue columns, measured on the left vertical axis), and an important real estate statistic shown in orange (measured on the right vertical axis. It is important to note that the analysis of the information that we provide is current through the first week of May 2015.

Home prices rebounded strongly in 2014, with the average closed home sale recorded at $142,400. The one sale so far in 2015 was priced at $159,900, but it’s far too early to be claiming any kind of trend after just one sale.

Average Home Price

Last year’s pace of home sales was the best Eastgate has seen since 2001, but this year has started off slowly. With only one home sold and just three more on the market, 2015 looks to be a slower year for Eastgate.

UPDATE: Proposed Extension to the Mortgage Forgiveness Tax Relief Act

UpdateCongressman Tom Reed (R-New York) introduced the Mortgage Forgiveness Tax Relief Act of 2015 (H.R. 1002) on February 13, and that bill is now being heard in the House Committee on Ways and Means. Two weeks later, Senators Debbie Stabenow (D-Michigan) and Dean Heller (R-Nevada) introduced a similar bill (S. 608), which is currently in the Senate Banking Committee. Both bills would extend relief to homeowners on forgiven mortgage debt through 2016. The bills would allow homeowners to exclude the forgiven debt from federal income tax forms and not report it as earned income. [Debt Relief Act]

Home Values

Average home values in Eastgate rose 15% in 2014, bringing averages back to levels last seen in 2008. 

Average Home Value

The one sale of 2015 was recorded at $140 per square foot, which is higher than the average recorded at the peak of the market in 2006.

Where is the Tallahassee market headed?

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

Home Sizes

The average home size sold in Eastgate typically falls in a range of 1,200 to 1,500 square feet, but this year’s one sale would represent the lowest on record at 1,143 square feet. I suspect we’ll see the average size of homes move back up into the normal range once a few more sales are recorded.

Average Home Size

Homes For Sale In Eastgate

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

Eastgate

Eastgate

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

Eastgate Home Sales

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

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 May 2015 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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