Golden Eagle Plantation - Tallahassee Florida

I haven't done a Golden Eagle Plantation update in quite a while, so I figured I would knock one out today. I pulled all of the active listings from the Tallahassee Board of Realtors Multiple Listing Service (MLS) and all of the sales data from the Leon County Tax Records for the period of April 1, 2007 through March 31, 2008.
Currently, Golden Eagle Plantation has an absorption rate of roughly 4 units per month. There are 53 homes for sale in Golden Eagle, therefore Golden Eagle Plantation has a supply of 14.1 months of homes.
The chart above shows that Golden Eagle Plantation home values (per square foot) seem to have dipped down quite a bit during the last four months of last year. But this information is incomplete because this report does not consider amenities (pools, lot features such as waterfront and golf course) nor the age of the homes. This is just a "snapshot" of what is happening.
This next graph gives us an idea of what Buyers are wanting in Golden Eagle Plantation.
The chart above shows us the overage home that was purchased in the past year was 3,260 square feet and sold at $170 per square foot. Currently, the average home for sale in Golden Eagle Plantation is 3,740 square feet and is priced at $184 per square foot. So, homes on the market are 15% bigger and are priced relatively higher than what has been sold recently. That tells us that we are still in a value market and that buyers are buying more house for less.


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Joe Manausa is a real estate investor and the Broker and Co-Owner of Joe Manausa Real Estate. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.

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