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Foreclosure Ratio Reaches 38% In Tallahassee

Foreclosure Ratio In Tallahassee FloridaWe 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

#1 By Robert W. Minnick, jr. at 7/11/2017 3:46 AM

What about Leewood Hills?

#2 By Joe Manausa, MBA at 7/11/2017 3:46 AM

Hey Robert, looking good in Leewood Hills!































Tallahassee NeighborhoodSalesLis PendensForeclosure Ratio
LEEWOOD HILLS200%
LEEWOOD HOLLOW100%

#3 By Lillian Jack at 7/11/2017 3:46 AM

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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