It’s been a few months since our last report of Golden Eagle Plantation in NE Tallahassee, so I thought I would share some quick but valuable information.
Through November 1, 2013, there have been 40 homes sold in Golden Eagle at an average price of $406,000 and an average value of $125 per square foot. With the average home size of 3,241 square feet, this golf course community represents the “high volume of the high end” communities in Tallahassee.
Golden Eagle Plantation Home Sales
This abundance of supply will continue to bring great opportunities for homebuyers, and with interest rates still well below 5%, home affordability in this popular Tom Fazio golf course community is still near record best.Currently, there are 30 homes for sale in Golden Eagle Plantation, and and just under 4 are selling each month. This rate of sales is rising as value continue to slide, luring in buyers with “too good to be true” prices.
The graph above shows that new home construction is nearly zero, while distressed home sales are on the rise (1 per month). That means that more than 1 in 4 homes sold each month are short sales or foreclosures.
Home Prices Still Falling
The average sales price of homes sold in Golden Eagle Plantation is on the decline. I believe this is the result of two key factors: Rising interest rates and rising distressed home sales. Currently though, interest rates have begun to fall again, so we might start to see buyers increase their spending limits.
Home Values Remain Fairly Stable
Real home values have not changed very much in Golden Eagle Plantation over the past 2+ years. While the blended average value is falling due to distressed home sales, arms length home sales have been fairly steady (at a 9 year low) since the beginning of 2011 (see the green line on the graph below).
Current Golden Eagle Listings
The following map shows all of the homes for sale in Golden Eagle Plantation. Simply hover over a marker and a picture of the home will appear, as well as limited information on the home. If you want to know more about the home, simply click on the picture and the entire detail page will be revealed.
Golden Eagle Plantation Idx
Golden Eagle Plantation Idx
Past Home Sales In Golden Eagle Plantation
I hope you were able to learn something from this Golden Eagle Plantation Home Sales Report, please drop me a note if you have any other questions or concerns that I can help you with.
