Goose Creek Home Sales Report November 2014

Located on the NE side of Tallahassee just south of Buck Lake Road, Goose Creek offers three and four bedroom homes in a super-convenient location.

Goose Creek has 169 homes built from 2002 through 2007, so you can expect this neighborhood to be the poster-child for boom neighborhood behaviors. Roughly 150 families moved into Goose Creek in a three year period of time, thus we anticipate that now is the "normal" time to move for most of them. There could be a serious pent-up supply issue growing in Goose Creek.

In this report, we will look at prices, values, and sizes of homes in Goose Creek, as well as show current listings in the Tallahassee MLS and all closed home sales going back to 2003.

Goose Creek Home Prices

For all of the three real estate graphs found in this report, you will find the number of closed home sales for each year (blue columns, measured on the left vertical axis), and an important real estate statistic shown in red (measured on the right vertical axis. It is important to note that sales are through December for all previous years, but through October in 2014.

Average home prices have dipped slightly in 2014 versus 2013, but still sit well below the peak of the market prices established in 2006. Distressed sales are are occurring at a rate a bit higher than other neighborhoods in Tallahassee are seeing, which perhaps is a sign that this popular neighborhood might be ready to expose new home sellers that can no longer wait for higher values. The average recorded sales price is $212,000 for Goose Creek thus far in 2014.

Home sales activity this year appears to be consistent with what we have seen over the past seven years, but still well below the levels recorded during the most active years from 2002 through 2006. Thus far in 2014, there have been 9 closed home sales in Goose Creek.

Goose Creek Home Values

Average home values in Goose Creek have risen 2% since last year, the second year in a row to see appreciation since the low set back in 2012.

Through October, the average value of a home sold in Goose Creek has been $108 per square foot. This is up 8% over the bottom reached in 2012, but still down about 27% from the market high set back in 2006. This means that many homeowners who have purchased or refinanced in the past 10 years are likely at zero or negative equity situations.

Goose Creek Home Sizes

The average home size sold in Goose Creek typically falls in a range of 1,600 to 2,000 square feet, and this year buyers have been selecting the larger homes. The 9 sales thus far in 2014 have averaged 1,958 square feet.

Homes For Sale In Goose Creek

The following list of homes are the most recent listings in Goose Creek. A red box will appear when no homes are listed for sale in the Tallahassee MLS, but check back again on a regular basis as this page updates twice daily.

[idx-listings linkid="339143" count="10" showlargerphotos="true"]

Goose Creek Home Sales

The following list shows home sales going back to 2003 in Goose Creek.

I hope you enjoyed our November 2014 update on home sales in Goose Creek, please feel free to drop me a note if you have questions not covered in this report.