Eastgate Neighborhood In Tallahassee, Florida
A reader recently asked me to provide some market information about a great neighborhood on the Northeast side of the Tallahassee real estate market. The Eastgate subdivision sells for just below Tallahassee's median price and therefore should always be a highly sought-after neighborhood. The first thing I like to look at when checking out an area is what I refer to as a "market snapshot."
The following graphic shows us quite a bit about what is happening in Eastgate.
From a supply standpoint, Eastgate is doing better than the average neighborhood in the Tallahassee real estate market, in that it only has 8.7 months of supply of homes on the market. From the chart above, we can see that the homes on the market are priced well below the homes that failed to sell in the past year, but also below homes that sold in the past year. This looks suspiciously like prices are dropping in Eastgate. When we look at the long-range history of Eastgate, we find the following 17-year chart: This is a much better view, showing that prices might be coming down from the high of the boom market, but overall, Eastgate is alive and well, performing much like we expect to see from a neighborhood in the Tallahassee real estate market.
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Your Local Expert In Tallahassee
Are you ready to go see a home in this often-overlooked, amazing neighborhood? Do you have further questions on the Tallahassee real estate market? If so, you can leave a comment below, give us a call at (850) 366-8917, or drop us a note and we'll give you the local information needed to ensure a successful, smooth transaction.
As a local born and raised in Tallahassee with a focus on customer service, I promise you'll find great success when working with Joe Manausa Real Estate, just as have our past customers. You can read thousands of their reviews reported on Google, Facebook and Zillow right here: Real Estate Agent Reviews Tallahassee.
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