Distressed Home Sales Pressure Home Values In Harbinwood Estates

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Located just to the south of Lake Jackson, one can find perennially popular Harbinwood Estates, with roughly 250 homes that have been consistent performers among the top selling neighborhoods in the Tallahassee real estate market.

While not producing high sales numbers like the top 5 subdivisions (Southwood, Golden Eagle Plantation, Killearn Estates, Killearn Lakes Plantation and Bull Run), Harbinwood Estates does see enough home sales to often times drop into the top 40 most active neighborhoods in the Tallahassee MLS.

Thus far in 2014, Harbinwood Estates ranks tied for #11 based upon 5 home sales with an average sales price of $194,900 and a value of $73 per square foot.

Does that means you are getting a 2,676 square foot home for just under $195K right next to popular Lake Jackson?

Currently, there are 4 homes for sale in Harbinwood Estates, 2 of which are already under contract.

Strengthening Home Sales

In the graph below, we see the number of closed home sales each year as blue columns (2014 is through 3/30), and the average home value, expressed as price per square foot, is shown as a red line.

Similar to what we recently reported about home sales in Killearn Acres, we see that distressed home sales has brought average home values continually lower since the peak of the housing market in 2007.

The increase in unit sales is a good sign that the housing market recovery is underway in Harbinwood Estates.

Average Home Values In Harbinwood Estates

Harbinwood Estates Home Prices Rise

Average home prices have been rising over the past two years, even as values have fallen. This is a classic example of why we don’t simply monitor average home prices in the market, we must look at values and sizes as well. Smaller neighborhoods like Harbinwood Estates have fewer sales, thus more “noise in the data.” One really big house sale can influence the trend for a year.

Harbinwood Estates Home Prices

So how is it that we are reporting falling home values, yet the average home price sold in Harbinwood Estates is soaring through the roof?

Average Home Size In Harbinwood Estates

The answer is simple. We have to compare apples to apples. The larger homes sold recently have made for higher sales prices, but the average price per square foot for all sales is still on the decline. More than half of the past 22 home sales in Harbinwood Estates have been distressed, and this is keeping home values down.

Homes For Sale In Harbinwood Estates

The following map shows the Harbinwood Estates homes that are on the market today. If you want more information on a particular home, simply click on the marker on the map and it will open up the listing to show you up to 25 pictures of each home.

Recorded Home Sales In Harbinwood Estates

The following is a list of all homes sold in Harbinwood Estates (recorded in the Tallahassee MLS).

Home Sales in Harbinwood Estates

AddressPricePrice / SQFClosing DateYear BuiltSQFSale Type
2121 Shadyoaks Dr$296,000$1932026-08-3119661,530Resale
1932 Queenswood Dr$415,000$1342026-08-0319843,097Resale
4231 Lakemor Dr$549,000$2112026-05-0819862,604Resale
2025 Shadyoaks Dr$368,500$1492026-04-3019732,465Resale
2006 Faulk Dr$340,000$1552026-04-0319682,198Resale
1916 Faulk Dr$275,000$1702025-12-1519781,614Resale
1905 Shadyoaks Dr$310,000$1762025-08-2620201,764Resale
2041 Queenswood Dr$285,000$1592025-08-1419701,792Resale
2103 Queenswood Dr$289,000$1882025-07-3119521,540Resale
2006 Faulk Dr$203,700$932025-07-2819682,198Resale
2010 Shadyoaks Dr$247,000$1362025-06-2319681,816Resale
2032 Shadyoaks Dr$260,000$1862025-03-2819701,401Resale
1968 Queenswood Dr$252,500$1692024-10-2519631,495Resale
2005 Shadyoaks Dr$250,000$1782024-10-0219641,404Resale
1941 Queenswood Dr$299,000$1862024-09-0619721,611Resale
4213 Woodcrest St$300,000$1342024-08-1219642,231Resale
2169 Shadyoaks Dr$310,000$1882024-06-2119791,647Resale
2009 Queenswood Dr$302,500$1352023-11-0219632,237Resale
2118 Faulk Dr$250,000$1522023-10-1919671,646Resale
2145 Shadyoaks Dr$300,000$1322023-08-2819782,269Resale
2025 Shadyoaks Dr$350,000$1422023-06-2619732,465Resale
2002 Shadyoaks Dr$295,000$1362023-05-0119812,163Resale
2040 Queenswood Dr$269,000$1062023-03-0319712,532Resale
4219 Woodcrest St$230,000$1212022-08-1619921,905Resale
2033 Shadyoaks Dr$301,800$1942022-05-1819711,556Resale
2009 Queenswood Dr$235,000$1052022-05-1219632,237Resale
1932 Shadyoaks Dr$275,000$1532022-05-0619721,795Resale
2026 Faulk Dr$265,500$1442022-04-2719681,848Resale
2030 Faulk Dr$240,000$1252022-04-1819671,925Resale
2043 Queenswood Dr$250,000$1512022-03-2219701,654Resale
1970 Shadyoaks Dr$290,000$1812022-02-2819711,600Resale
1956 Faulk Dr$240,000$1662022-02-2819721,450Resale
1928 Faulk Dr$250,000$1342021-11-3019731,868Resale
4222 Lakemor Dr$410,000$1162021-11-0319643,543Resale
1908 Faulk Dr$307,500$1402021-10-2920082,198Resale
2140 Faulk Dr$232,000$1872021-07-2720131,242Resale
2110 Queenswood Dr$200,000$1142021-07-2319691,760Resale
2100 Shadyoaks Dr$253,000$1532021-07-0119721,651Resale
1952 Faulk Dr$250,000$1402021-05-2519721,780Resale
1905 Shadyoaks Dr$299,000$1702021-05-0320201,764Resale
1970 Shadyoaks Dr$195,000$1222021-03-1819711,593Resale
2001 Shadyoaks Dr$226,800$1112020-08-2419642,037Resale
4206 Ruth Dr$203,000$1402020-06-2619721,452Resale
2108 Queenswood Dr$247,500$1272020-05-2219721,945Resale
4220 Shortswood St$220,000$1342020-05-1519771,643Resale
2048 Shadyoaks Dr$189,000$1172020-05-1519701,618Resale
1905 Shadyoaks Dr$265,000$1502020-04-3020201,764New
2134 Faulk Dr$232,000$1242020-02-2819791,872Resale
2027 Shadyoaks Dr$150,000$1072020-02-1419691,406Resale
1933 Shadyoaks Dr$182,900$1192019-12-3119731,538Resale
2121 Shadyoaks Dr$132,000$802019-12-0919661,650Resale
1949 Shadyoaks Dr$245,000$1612019-10-2519751,526Resale
2149 Shadyoaks Dr$275,000$1392019-09-2619771,984Resale
4202 Ruth Dr$158,500$752019-06-2119742,111Resale
2009 Shadyoaks Dr$165,000$1072019-06-1619641,545Resale
2152 Faulk Dr$152,500$1052019-04-0419701,450Resale
1953 Shadyoaks Dr$225,000$1362019-03-1519751,655Resale
1928 Faulk Dr$174,300$932019-01-3119731,868Resale
1952 Faulk Dr$159,800$902018-10-2619721,780Resale
1929 Queenswood Dr$196,000$1112018-10-1919731,773Resale
1940 Faulk Dr$173,000$852018-05-1819902,028Resale
2140 Faulk Dr$189,900$1532018-05-1120131,242Resale
2018 Faulk Dr$152,000$1052018-04-1119731,450Resale
1925 Shadyoaks Dr$170,000$852018-02-1419702,010Resale
2113 Shadyoaks Dr$199,900$972017-12-0719602,062Resale
1916 Faulk Dr$161,900$1002017-07-1919781,614Resale
4216 Kingswood Drive$239,000$1102017-06-0919722,166Resale
4213 Shortswood St$190,000$1062017-03-1020021,797Resale
2039 Queenswood Dr$153,000$972017-02-2419701,576Resale
2114 Queenswood Dr$196,400$892016-11-1819652,203Resale
2035 Queenswood Dr$188,000$972016-10-2819721,945Resale
2021 Shadyoaks Dr$195,000$962016-08-1819732,031Resale
2023 Shadyoaks Dr$145,000$742016-08-0519731,963Resale
2150 Shadyoaks Dr$185,000$702016-08-0519672,656Resale
2035 Queenswood Dr$170,000$872016-07-1519721,945Resale
1972 Shadyoaks Dr$153,000$1082016-07-1119631,415Resale
2149 Shadyoaks Dr$250,000$1262016-06-1719771,984Resale
2106 Faulk Dr$141,500$902016-06-1019671,566Resale
2122 Shadyoaks Dr$174,000$642016-05-1819652,723Resale
2124 Shady Oaks Drive$300,000$812016-05-1619843,714Resale
2164 Shadyoaks Dr$225,000$862016-03-1419802,605Resale
2102 Queenswood Dr$165,000$1042016-02-2619711,593Resale
1949 Shadyoaks Dr$167,000$1092016-02-2219751,526Resale
2010 Shadyoaks Dr$159,000$882015-12-1619681,816Resale
1928 Shadyoaks Dr$168,000$852015-12-0719721,973Resale
1953 Shadyoaks Dr$170,000$1032015-04-2919751,655Resale
1945 Shadyoaks Dr$190,000$862014-11-2119692,217Resale
2006 Faulk Dr$170,000$772014-10-0119682,198Resale
1921 Shadyoaks Dr$152,500$742014-07-2119752,050Resale
2113 Shadyoaks Dr$169,900$822014-04-1019602,062Resale
1971 Queenswood Dr$210,000$842014-02-1419702,506Resale
2163 Shadyoaks Dr$165,000$682013-12-2719802,415Resale
2061 Shadyoaks Dr$160,000$1042013-10-0319711,537Resale
2112 Shadyoaks Dr$160,000$792013-08-0919842,017Resale
2106 Shadyoaks Dr$165,000$832013-03-2919721,985Resale
4206 Ruth Dr$122,000$842012-03-3019721,452Resale
2034 Faulk Dr$127,000$872010-05-1319681,457Resale
2106 Faulk Dr$155,000$992009-11-1219671,566Resale
1937 Shadyoaks Dr$175,000$1072009-09-2819911,636Resale
4206 Ruth Dr$155,000$1072009-06-2419721,452Resale

I hope you were able to learn something from this Harbinwood Estates Home Sales Report, please drop me a note if you have any other questions or concerns that I can help you with.

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