Foreclosure Ratio Reaches 38% In Tallahassee
We have been monitoring distressed properties in Tallahassee for quite some time, but today we have added a new wrinkle to see how each neighborhood is faring compared to the market. In order to compare one Tallahassee neighborhood against another, we have created a new statistic called the "Foreclosure Ratio" which is simply the measurement of the total number of lis pendens filed in a neighborhood, divided by the total number of home sales for the same period of time.
For the purpose of our evaluation, Tallahassee lis pendens filings and home sales were used for the period of January 1, 2008 through July 31, 2011. During that time period, Tallahassee recorded 14,049 home sales and 5,290 lis pendens filings, resulting in a market foreclosure ratio of 38%. This does not mean that 38% of the homes sold during that time ended up in distress, but it is a useful measurement that will help us evaluate the relative rate of distressed properties for each neighborhood.
Foreclosure Ratio Measures Relative Rate Of Distressed Properties
If we only looked at the total number of foreclosures, then the Tallahassee neighborhoods with the most sales would also show as the ones with the most lis pendens filings. Instead, by looking at the foreclosure ratio, we can see how neighborhoods are performing relative to one another.
In the graph above, all neighborhoods which have posted 100 sales or more since January 2008 are shown, and they are organized (left to right) by foreclosure ratio. Woodbriar has been hardest hit by foreclosures, with a foreclosure ratio of 92%. Killearn Acres was the only other top neighborhood to return a foreclosure ratio above the market average, with a score of 39%.
We have published a new Tallahassee Foreclosures Page on our site that allows you to search through foreclosure information using data supplied by RealtyTrac, the recognized industry leader in live foreclosure information. Take a look at the simple map-based search tool and let me know what you think.
Foreclosure Ratio Score For All Tallahassee Neighborhoods
There are thousands of neighborhoods in Tallahassee, so I have listed the top 200 below and show their foreclosure ratio as well. If your neighborhood is not listed, just leave a request in the comment box below the post and I will reply with any Tallahassee neighborhood not listed in the table.
Tallahassee Neighborhood | Sales | Lis Pendens | Foreclosure Ratio |
SOUTHWOOD | 548 | 141 | 26% |
KILLEARN LAKES | 370 | 130 | 35% |
KILLEARN ESTATES | 317 | 101 | 32% |
KILLEARN ACRES | 198 | 77 | 39% |
BULL RUN | 193 | 14 | 7% |
BARRINGTON PARK | 177 | 5 | 3% |
GOLDEN EAGLE PLANTATION | 142 | 30 | 21% |
PINEY-Z | 138 | 32 | 23% |
SUMMERBROOKE | 118 | 42 | 36% |
WOODBRIAR | 103 | 95 | 92% |
WEEMS PLANTATION | 102 | 23 | 23% |
BETTON HILL | 100 | 12 | 12% |
INDIAN HEAD ACRES | 82 | 13 | 16% |
PARK CHARLESTON | 80 | 8 | 10% |
PEBBLE BROOKE | 78 | 7 | 9% |
OX BOTTOM MANOR | 72 | 20 | 28% |
PLANTATION OF TALLAHASSEE PECAN | 66 | 23 | 35% |
RIVER'S LANDING | 65 | 0 | 0% |
TALLAHASSEE RANCH CLUB | 64 | 5 | 8% |
GLEN AT GOLDEN EAGLE | 63 | 7 | 11% |
SANDSTONE RANCH | 63 | 33 | 52% |
ARBOR HILL | 60 | 20 | 33% |
HUNTINGTON WOODS | 59 | 26 | 44% |
HAMPTON CREEK | 58 | 7 | 12% |
THE TIMBERS TOWNHOMES | 52 | 23 | 44% |
FOREST HEIGHTS | 51 | 11 | 22% |
SAVANNAH CROSSING CONDOMINIUM | 50 | 17 | 34% |
EASTGATE | 49 | 17 | 35% |
VILLAS AT PINE FOREST | 49 | 4 | 8% |
CAMELOT PARK | 48 | 15 | 31% |
AUTUMN WOODS | 47 | 27 | 57% |
LAKESHORE ESTATES | 47 | 21 | 45% |
MEADOWS AT WOODRUN | 47 | 23 | 49% |
WOLF CREEK | 47 | 33 | 70% |
SUMMERCHASE CONDOMINIUMS | 46 | 16 | 35% |
VILLAGES AT WILSON GREEN | 46 | 48 | 104% |
SEMINOLE MANOR | 45 | 29 | 64% |
VILLAGES OF MACLAY T/H | 45 | 2 | 4% |
FOXCROFT | 44 | 15 | 34% |
ASTORIA PARK | 43 | 13 | 30% |
PLANTATION WOODS | 43 | 24 | 56% |
SETTLERS CREEK | 42 | 15 | 36% |
TOWN 'N COUNTRY PARK | 41 | 17 | 41% |
BLOXHAM HEIGHTS | 40 | 36 | 90% |
OBSERVATION POINTE | 40 | 1 | 3% |
WAVERLY HILLS | 40 | 5 | 13% |
MONTEJO | 39 | 2 | 5% |
VILLAS OF WESTRIDGE | 39 | 35 | 90% |
KILLEARN COMMONS | 38 | 6 | 16% |
NATURAL WELLS | 38 | 41 | 108% |
TIMBER LAKE REPLAT | 38 | 17 | 45% |
DRY CREEK RUN | 37 | 26 | 70% |
HOLLY HILLS | 37 | 12 | 32% |
WILLIS PROPERTY TOWNHOMES | 37 | 19 | 51% |
BLAIRSTONE FOREST | 36 | 14 | 39% |
LAKEWOOD VILLAGE | 36 | 25 | 69% |
BUCKHEAD | 35 | 10 | 29% |
BOND SOUTH | 34 | 16 | 47% |
LAKE JACKSON HEIGHTS | 34 | 16 | 47% |
TERRENCE HEIGHTS | 34 | 20 | 59% |
GOOSE CREEK | 33 | 10 | 30% |
PARKHILL | 33 | 14 | 42% |
RESIDENCES AT WHISPERING PINES C | 33 | 40 | 121% |
WHISPERING PINES EAST | 33 | 9 | 27% |
BRECKENRIDGE ON PARK | 32 | 10 | 31% |
BRIGHTON PLACE CONDO | 32 | 19 | 59% |
EASTWOOD | 32 | 18 | 56% |
MABRY MANOR | 32 | 13 | 41% |
MEADOWBROOK | 32 | 8 | 25% |
SHANNON FOREST | 32 | 16 | 50% |
STONEY CREEK CROSSING | 32 | 6 | 19% |
AVONDALE | 31 | 9 | 29% |
BRADFORD MANOR | 31 | 5 | 16% |
SABLE CHASE | 31 | 9 | 29% |
WOODLAND DRIVE | 31 | 9 | 29% |
CAPITAL HILLS | 30 | 9 | 30% |
LAKESIDE | 30 | 19 | 63% |
PARK BROOK CROSSING | 30 | 13 | 43% |
SAWGRASS PLANTATION TOWNHOMES | 30 | 11 | 37% |
TALLAHASSEE HIGHLANDS | 30 | 12 | 40% |
WOODGATE | 30 | 6 | 20% |
APALACHEE HILLS | 29 | 20 | 69% |
NORTH ADDITION TO TALLAHASSEE | 29 | 10 | 34% |
RENEGADE CONDOMINIUM | 29 | 1 | 3% |
SCENIC HEIGHTS | 29 | 7 | 24% |
SCOTSWOOD TOWNHOMES | 29 | 5 | 17% |
CHATEAU LAFAYETTE TOWNHOMES | 28 | 7 | 25% |
ELBERTA EMPIRE | 28 | 18 | 64% |
GRIFFIN COLLEGE HEIGHTS | 28 | 17 | 61% |
JACKSON'S GAP | 28 | 0 | 0% |
TENNESSEE VILLAGE | 28 | 6 | 21% |
THE MEADOWS | 28 | 8 | 29% |
BOXWOOD ESTATES | 27 | 17 | 63% |
HOMESTEAD RIDGE | 27 | 2 | 7% |
MELODY HILLS | 27 | 9 | 33% |
HARTSFIELD WOODS | 26 | 13 | 50% |
KILLEARN ESTATES UNIT 28 | 26 | 2 | 8% |
PARKSIDE | 26 | 6 | 23% |
WESTWOOD CONDOMINIUM | 26 | 4 | 15% |
CHASE'S RIDGE | 25 | 4 | 16% |
CHEMONIE CROSSING | 25 | 15 | 60% |
CRAWFORDVILLE TRACE | 25 | 18 | 72% |
LAFAYETTE OAKS | 25 | 9 | 36% |
MYSTIC WOODS CONDO | 25 | 2 | 8% |
AZALEA PARK | 24 | 8 | 33% |
BROCKSWOOD PARK | 24 | 13 | 54% |
CAMERON CHASE | 24 | 4 | 17% |
COPPER CREEK | 24 | 8 | 33% |
WOODSIDE HEIGHTS | 24 | 14 | 58% |
1200 STEARNS STREET CONDO OF TAL | 23 | 0 | 0% |
ADIRON WOODS | 23 | 7 | 30% |
GLEN POINT TOWNHOMES | 23 | 6 | 26% |
GLENDALE | 23 | 4 | 17% |
NORTHWEST ADD TO TALLAHASSEE | 23 | 8 | 35% |
THE FOREST | 23 | 10 | 43% |
WESTOVER TOWNHOMES | 23 | 21 | 91% |
WHISPERING PINES | 23 | 6 | 26% |
CAPITAL CITY ESTATES | 22 | 19 | 86% |
CHARLESTON SQUARE TOWNHOMES | 22 | 15 | 68% |
CLOISTERS OF ALL SAINTS CONDO | 22 | 3 | 14% |
HIDDEN VALLEY | 22 | 4 | 18% |
OAK VALLEY | 22 | 14 | 64% |
ROYAL OAKS | 22 | 7 | 32% |
TOWER OAKS | 22 | 12 | 55% |
EAGLES RIDGE | 21 | 8 | 38% |
PINE TIP HILLS | 21 | 6 | 29% |
PLAZA TOWER CONDO | 21 | 22 | 105% |
RUSSELL'S POND | 21 | 17 | 81% |
SAGEBROOK MILL | 21 | 0 | 0% |
YON'S LAKESIDE ESTATES | 21 | 9 | 43% |
APALACHEE EAST | 20 | 1 | 5% |
CENTERVILLE TRACE | 20 | 10 | 50% |
CROWN RIDGE ESTATES | 20 | 13 | 65% |
EDINBURGH ESTATES | 20 | 12 | 60% |
GROVES AT SUMMERBROOKE | 20 | 8 | 40% |
HIGHLANDS AT NORTHAMPTON | 20 | 0 | 0% |
LENOX MILL | 20 | 10 | 50% |
LIBERTY RIDGE | 20 | 8 | 40% |
LINWOOD MANOR | 20 | 9 | 45% |
PINE RIDGE MOBILE HOME ESTATES | 20 | 16 | 80% |
SETTLERS SPRINGS | 20 | 6 | 30% |
SUNNILAND TERRACE | 20 | 6 | 30% |
THE LAKES | 20 | 18 | 90% |
THE TENNYSON CONDOMINIUM | 20 | 4 | 20% |
TOWNSHIP ONE NORTH | 20 | 1 | 5% |
UNIVERSITY GREEN CONDOMINIUM | 20 | 0 | 0% |
BOND | 19 | 13 | 68% |
CENTERVILLE | 19 | 10 | 53% |
HARBINWOOD ESTATES | 19 | 8 | 42% |
HIDDEN LAKES | 19 | 6 | 32% |
LAKESHORE GARDENS | 19 | 3 | 16% |
PINE LAKES | 19 | 10 | 53% |
RICHVIEW PARK | 19 | 1 | 5% |
BREWSTER ESTATES | 18 | 6 | 33% |
EMERALD ACRES | 18 | 5 | 28% |
HARTSFIELD PLACE | 18 | 1 | 6% |
LAUREL TRACE | 18 | 7 | 39% |
PINE ACRES | 18 | 8 | 44% |
RUNNYMEDE | 18 | 10 | 56% |
SETTLERS CREEK ADDITION | 18 | 2 | 11% |
SUNNILAND | 18 | 2 | 11% |
SWIFT CREEK WOODS | 18 | 5 | 28% |
TALLAHASSEE CENTER CONDO | 18 | 11 | 61% |
VIEW POINTE | 18 | 8 | 44% |
APALACHEE RIDGE | 17 | 35 | 206% |
AUTUMN ESTATES | 17 | 5 | 29% |
CAROLINE COURTS | 17 | 6 | 35% |
CRESCENT HILLS | 17 | 14 | 82% |
DEERFIELD PLANTATION | 17 | 8 | 47% |
DURWARD | 17 | 3 | 18% |
EPPES HEIGHTS | 17 | 2 | 12% |
FAIRVIEW | 17 | 14 | 82% |
GOLDEN PARK | 17 | 2 | 12% |
KERR SURVEY | 17 | 7 | 41% |
LAKEWOOD | 17 | 15 | 88% |
LONG GROVE | 17 | 3 | 18% |
PARADISE VILLAGE EAST | 17 | 2 | 12% |
RICHLAND | 17 | 10 | 59% |
STERLING WOODS | 17 | 3 | 18% |
SUNSHINE MOBILE HOME | 17 | 3 | 18% |
BENT TREE ESTATES | 16 | 6 | 38% |
BRANDT HILLS | 16 | 3 | 19% |
BRIAR CHASE | 16 | 2 | 13% |
EASTON | 16 | 1 | 6% |
INDIAN VILLAGE | 16 | 1 | 6% |
INGLEWOOD | 16 | 5 | 31% |
LEHIGH | 16 | 7 | 44% |
LIPONA BLUFF (RENEGADE VILLAGE) | 16 | 10 | 63% |
OSCEOLA HEIGHTS | 16 | 10 | 63% |
OX BOTTOM | 16 | 3 | 19% |
PARADISE VILLAGE | 16 | 7 | 44% |
RACQUET CLUB | 16 | 2 | 13% |
SIERRA WOODS | 16 | 3 | 19% |
SYCAMORE RIDGE | 16 | 2 | 13% |
ADAMS PLACE CONDOMINIUMS | 15 | 27 | 180% |
BAKER PLACE | 15 | 3 | 20% |
CAMPBELL PARK | 15 | 7 | 47% |
COUNTRYSIDE AT BENJAMIN'S RUN | 15 | 1 | 7% |
FOREST GROVE | 15 | 4 | 27% |
HARTSFIELD VILLAGE | 15 | 11 | 73% |
Remember, if you would like to know the foreclosure ratio of an unlisted neighborhood in Tallahassee, just let me know in the comment section below.
Discussion
What about Leewood Hills?
Hey Robert, looking good in Leewood Hills!
Tallahassee Neighborhood
Sales
Lis Pendens
Foreclosure Ratio
LEEWOOD HILLS
2
0
0%
LEEWOOD HOLLOW
1
0
0%
The areas which have extremely high foreclosure percentage can also be traced to preditory lending with the customer in those subdivisions.
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