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Home Sales In Betton On The Rebound

Home sales in the Betton neighborhoods continue to climb, which is remarkable considering the housing market in Tallahassee is still declining in both the number of homes being sold every day as well as in depreciating home values. This popular Northeast Tallahassee neighborhood currently has 23 homes listed for sale in the Tallahassee MLS, which represents just over 8 months of supply at the current rate of demand.

Map Of Betton Home Sales (All Betton Neighborhoods)

The map above lists all of the home sales in the Betton Neighborhoods through December 23rd of 2011. If you click on a red dot, it will give you the details of the home sale. If you like this feature in the Tallahassee real estate blog, please comment below and let us know its worth adding to our Tallahassee Neighborhood Reports. For our subscribers who receive the Tallahassee Real Estate Blog by email, you must click here to see the map of Betton home sales.

Home Prices In Betton

In the real estate graph below, the number of home sales each year are recorded as vertical bars (the green portion measure arms length home sales, the red indicates distressed property sales), and the average price each year is shown in brown. Betton had appeared to be beating the market when the average sales price of a home settled in 2010, but 2011 has brought continued price declines. Homeowners in Betton should be concerned about the growing number of distressed property sales over the past three years. If this trend continues, it could have a huge impact on home values.

Betton Home Prices Tallahassee Florida

Currently, the average price of a home sold in the Betton neighborhoods this year is $275,000, down from $290,000 last year. This means that home prices in Betton Hills are down about 27% from the peak of the market in 2007 (the peak for Betton was hit in 2007).

Home Values In Betton

Home values are down 30% since the peak of the market, which is consistent with most other Tallahassee neighborhoods. The average value of a home sold in a Betton neighborhood this year is $114 per square foot, which is 5% lower than the $119 per square foot measured last year.

Betton Home Values Tallahassee Florida

IdeaHome values are dropping and more distressed properties are entering the market, meaning pricing pressures are going to continue. People who need to sell a home in Betton who wait two years will have to sell their homes for less money and get less favorable terms from the banks. If you know you're going to have to sell in the next few years, do yourself a big favor and contact me today!

Recent Home Sales In Betton (All Betton Neighborhoods)

Neighborhood Address SP Price/ SQF Closing Date Year Built SQF
Betton Hill 1415 Crestview Ave $258,000 $184 12/23/2011 2011 1,400
Betton Hill 2261 Trescott Drive $235,000 $105 12/20/2011 1959 2,232
Betton Hills 2744 EverettLane $342,000 $93 12/9/2011 1979 3,659
Betton Hills 2125 Trescott Dr $285,000 $113 11/21/2011 1981 2,517
Betton Hill 1520 Argonne Rd $282,000 $96 11/16/2011 1959 2,929
Betton Hills 2002 Ellicott Dr $200,000 $110 10/28/2011 1975 1,820
Betton Oaks 1769 Brown Street $220,000 $115 10/28/2011 1979 1,919
Betton Oaks 1801 Brown Street $189,000 $98 10/24/2011 1980 1,933
Betton Hill 2308 Armistead Road $180,000 $128 10/20/2011 1965 1,404
Betton Hills 2205 Armistead Road $165,000 $80 10/4/2011 1972 2,065
Betton Woods 2569 Noble Dr $425,000 $111 10/3/2011 1991 3,836
Betton Hills 1511 Crestview Avenue $205,200 $108 9/26/2011 1949 1,900
Betton Hills 2613 Marston Rd $284,500 $103 8/31/2011 1970 2,767
Betton Hills 1535 Hickory Avenue $275,000 $132 8/15/2011 1951 2,078
Betton Hill 2231 Trescott Drive $143,000 $78 7/29/2011 1958 1,824
Betton Hills 2132 Armistead Road $285,000 $127 7/29/2011 1970 2,247
Betton Hills 2514 Harriman Cir $650,000 $174 7/27/2011 2006 3,728
Betton Hill 1522 Argonne Rd $250,000 $87 7/15/2011 1957 2,890
Betton Hill 1317 Lemond Street $218,000 $126 7/15/2011 1955 1,731
Betton Oaks 1558 Goodwood Drive $166,400 $106 7/15/2011 1976 1,575
Betton Hills 2223 Trescott Drive $263,000 $102 7/1/2011 1956 2,576
Betton Woods 2529 Betton Woods Dr $129,000 $60 6/24/2011 1980 2,160
Betton Hills 2530 Marston Rd $396,000 $119 6/15/2011 1970 3,315
Betton Hill 2522 Marston Road $265,000 $93 6/10/2011 1970 2,858
Betton Hills 2116 E Randolph Circle $355,000 $124 5/18/2011 1951 2,862
Betton Hills 2233 Demeron Road $432,000 $125 5/10/2011 1994 3,458
Betton Hills 2506 Marston Road $257,500 $134 4/29/2011 1971 1,928
Betton Hills 2011 Lee Avenue $235,000 $103 4/21/2011 1949 2,287
Betton Hill 2509 Cline Street $370,000 $123 3/31/2011 1971 3,015
Betton Hills 2001 Trescott Drive $495,000 $134 3/31/2011 2008 3,692
Betton Hills 2000 Ellicott Drive $190,000 $100 3/4/2011 1975 1,909
Betton Hills 1534 Mitchell Avenue $194,500 $124 2/18/2011 1950 1,568
Betton Hill 1504 Mitchell Avenue $235,000 $141 1/5/2011 1952 1,668

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Joe Manausa Real Estate
2066 Thomasville Rd
Tallahassee, FL 32308
(850) 366-8917