Keeping A Watchful Eye On Home Sales In Hampton Creek
Hampton Creek is another Tallahassee neighborhood that was born during the boom of the housing market, thus we expect a growing mass of frustrated home sellers to be entering the market over the next five years.
Boom neighborhoods (neighborhoods in Tallahassee that commenced sales from 2000 to 2006) are more susceptible to problems due to the number of homeowners whose move cycle will hit at the same time, and Hampton Creek certainly fits this definition.
Historically, the average move time for a Tallahassee homeowner is five to seven years, so neighborhoods who begin during this time frame will have a lot of people needing to move. Additionally, these neighborhoods often have many remaining developed lots, thus the builder/developer is losing money by holding on to them in his or her portfolio.
Hampton creek began selling homes in 2005, thus we should be in the very heart of existing home owners needing to sell and move. Considering the pace of home sales in Hampton Creek was greater than 50 per year from 2005 to 2007, we can anticipate that we are building a back-log of wanna-be sellers of more than 40 per year now. Currently, there are 17 homes for sale in Hampton Creek, and many of these are new construction.
Hampton Creek Home Prices
Home prices in Hampton Creek vary widely due to the flux of new homes being built. Currently the average price of homes sold in Hampton Creek in 2012 is $166,500, down 22% since the peak of the real estate market.
Hampton Creek Home Values
Surprisingly, Hampton Creek has far fewer distressed home sales than neighborhoods that have a similar "born on date." Because of this, home values should be a bit more stable than the other boom neighborhoods in Tallahassee. Currently, average Hampton Creek home values have declined only 22% since the peak of the housing market.
Hampton Creek Home Sales Report
With more new construction homes entering the market, Hampton Creek might be getting ready to have a much greater rate of depreciation. Just as we have seen in Southwood and Bull Run, new home construction offerings establish the ceiling for values, and existing home owners have to drop their prices in order to compete.
Recent Home Sales In Hampton Creek
| Address | Sales Price | Price/SQF | Closing Date | Year Built | SQF | Type |
| 2900 Hampton Meadow Drive | $144,990 | $118 | 5/24/2012 | 2011 | 1,228 | Arms Length |
| 5513 Hampton Woods Way | $141,000 | $99 | 4/30/2012 | 2005 | 1,418 | Arms Length |
| 5582 Hampton Hill Cir | $140,000 | $89 | 4/8/2012 | 2006 | 1,571 | Distressed |
| 5580 Hampton HillCircle | $240,000 | $141 | 1/27/2012 | 2005 | 1,708 | Arms Length |
| 5065 Hampton Ridge Avenue | $145,000 | $92 | 10/13/2011 | 2005 | 1,569 | Distressed |
| 5576 Hampton Hill Cir | $147,000 | $104 | 9/30/2011 | 2006 | 1,415 | Arms Length |
| 5036 Hampton Ridge Ave | $139,900 | $126 | 9/23/2011 | 2011 | 1,114 | Arms Length |
| 5431 Hampton Hill Cir | $136,000 | $97 | 8/31/2011 | 2006 | 1,404 | Distressed |
| 5034 Hampton Ridge Ave | $139,900 | $126 | 8/5/2011 | 2011 | 1,114 | Arms Length |
| 5445 Hampton Hill Circle | $148,384 | $105 | 5/31/2011 | 2006 | 1,418 | Arms Length |
| 5032 Hampton Ridge Ave | $139,990 | $126 | 3/15/2011 | 2010 | 1,114 | Arms Length |
| 2872 Hampton Meadow Drive | $147,500 | $120 | 3/11/2011 | 2009 | 1,228 | Arms Length |
| 5030 Hampton Ridge Ave | $142,500 | $128 | 2/15/2011 | 2010 | 1,114 | Arms Length |
| 5062 Hampton Ridge Avenue | $199,990 | $117 | 12/20/2010 | 2007 | 1,708 | Arms Length |
| 5023 Hampton Ridge Avenue | $122,000 | $86 | 12/14/2010 | 2005 | 1,418 | Distressed |
| 5457 Hampton Hill Cr | $166,900 | $119 | 8/31/2010 | 2006 | 1,404 | Arms Length |
| 2848 Hampton Meadow Dr. | $135,000 | $110 | 8/13/2010 | 2007 | 1,228 | Distressed |
| 5438 Hampton Hill Circle | $140,000 | $101 | 7/30/2010 | 2005 | 1,390 | Distressed |
| 5453 Hampton Hill Circle | $159,990 | $115 | 7/2/2010 | 2006 | 1,390 | Distressed |
| 5522 Hampton Woods Way | $162,500 | $117 | 5/26/2010 | 2005 | 1,390 | Arms Length |
| 5443 Hampton Hill Circle | $144,000 | $102 | 2/12/2010 | 2006 | 1,418 | Arms Length |
| 5602 Hampton Hill Circle | $159,900 | $130 | 1/29/2010 | 2009 | 1,228 | Arms Length |
| 5507 Hampton Oak Place | $145,500 | $127 | 11/13/2009 | 2007 | 1,144 | Arms Length |
| 5544 Hampton Woods Way | $185,000 | $101 | 11/4/2009 | 2006 | 1,832 | Distressed |
| 5509 Hampton Oak Place | $143,500 | $129 | 9/4/2009 | 2007 | 1,114 | Arms Length |
| 5446 Hampton Hill Circle | $155,000 | $112 | 5/29/2009 | 2006 | 1,390 | Arms Length |
| 5574 Hampton Hill Circle | $214,000 | $124 | 5/15/2009 | 2006 | 1,722 | Arms Length |
| 5060 Hampton Ridge Avenue | $199,990 | $130 | 3/30/2009 | 2007 | 1,542 | Arms Length |
| 5058 Hampton Ridge Avenue | $207,000 | $121 | 12/30/2008 | 2007 | 1,708 | Arms Length |
| 5596 Hampton Hill Circle | $166,600 | $136 | 11/26/2008 | 2008 | 1,228 | Arms Length |
| 5026 Hampton Ridge Ave | $157,990 | $142 | 10/15/2008 | 2007 | 1,114 | Arms Length |
| 2866 Hampton Meadow Dr | $169,900 | $138 | 9/30/2008 | 2008 | 1,228 | Arms Length |
| 5016 Hampton Ridge Ave | $155,990 | $140 | 9/22/2008 | 2007 | 1,114 | Arms Length |
| 5022 Hampton Ridge Ave | $155,000 | $139 | 9/3/2008 | 2007 | 1,114 | Arms Length |
| 5024 Hampton Ridge Ave | $155,990 | $140 | 8/29/2008 | 2007 | 1,114 | Arms Length |
| 2868 Hampton Meadow Dr | $169,990 | $138 | 8/8/2008 | 2008 | 1,228 | Arms Length |
| 5028 Hampton Ridge Ave | $155,000 | $139 | 7/25/2008 | 2007 | 1,114 | Arms Length |
| 2864 Hampton Meadow Dr | $175,100 | $143 | 7/21/2008 | 2008 | 1,228 | Arms Length |
| 2860 Hampton Meadow Dr | $169,990 | $138 | 7/3/2008 | 2008 | 1,228 | Arms Length |
| 5590 Hampton Hill Circle | $177,490 | $145 | 6/25/2008 | 2007 | 1,228 | Arms Length |
| 2858 Hampton Meadow Dr | $171,990 | $140 | 5/7/2008 | 2008 | 1,228 | Arms Length |
| 5592 Hampton Hill Circle | $177,490 | $145 | 4/25/2008 | 2007 | 1,228 | Arms Length |
| 2854 Hampton Meadow Dr | $171,990 | $140 | 3/31/2008 | 2008 | 1,228 | Arms Length |
| 2856 Hampton Meadow Dr | $173,000 | $141 | 3/14/2008 | 2008 | 1,228 | Arms Length |
| 5586 Hampton Hill Circle | $233,000 | $136 | 2/28/2008 | 2006 | 1,708 | Arms Length |
| 5044 Hampton Ridge Avenue | $169,990 | $138 | 2/15/2008 | 2007 | 1,228 | Arms Length |
| 5043 Hampton Ridge Ave | $184,990 | $133 | 2/5/2008 | 2005 | 1,390 | Arms Length |
| 2848 Hampton Meadow Dr | $172,990 | $141 | 12/19/2007 | 2007 | 1,228 | Arms Length |
| 5014 Hampton Ridge Ave | $159,990 | $144 | 12/17/2007 | 2007 | 1,114 | Arms Length |
| 2846 Hampton Meadow Dr | $169,990 | $138 | 12/14/2007 | 2007 | 1,228 | Arms Length |
| 2852 Hampton Meadow Dr | $169,990 | $138 | 12/13/2007 | 2007 | 1,228 | Arms Length |
| 5051 Hampton Ridge Avenue | $244,490 | $143 | 12/12/2007 | 2005 | 1,708 | Arms Length |
| 5442 Hampton Hill Circle | $190,000 | $137 | 12/12/2007 | 2005 | 1,390 | Arms Length |
| 2844 Hampton Meadow Dr | $169,490 | $138 | 11/29/2007 | 2007 | 1,228 | Arms Length |
| 5020 Hampton Ridge Ave | $164,000 | $147 | 11/29/2007 | 2007 | 1,114 | Arms Length |
| 5018 Hampton Ridge Ave | $163,490 | $147 | 11/5/2007 | 2007 | 1,114 | Arms Length |
| 2838 Hampton Meadow Dr | $170,000 | $138 | 11/2/2007 | 2007 | 1,228 | Arms Length |
| 2840 Hampton Meadow Dr | $169,490 | $138 | 10/29/2007 | 2007 | 1,228 | Arms Length |
| 5010 Hampton Ridge Ave | $165,490 | $149 | 10/5/2007 | 2007 | 1,114 | Arms Length |
| 5048 Hampton Ridge Avenue | $233,000 | $136 | 9/28/2007 | 2007 | 1,708 | Arms Length |
| 2842 Hampton Meadow Dr | $169,990 | $138 | 9/24/2007 | 2007 | 1,228 | Arms Length |
| 5012 Hampton Ridge Ave | $163,490 | $147 | 9/14/2007 | 2007 | 1,114 | Arms Length |
| 5547 Hampton Woods Way | $243,000 | $130 | 8/31/2007 | 2006 | 1,872 | Arms Length |
| 2836 Hampton Meadow Dr | $170,590 | $139 | 8/27/2007 | 2007 | 1,228 | Arms Length |
| 2832 Hampton Meadow Dr | $171,860 | $140 | 8/24/2007 | 2007 | 1,228 | Arms Length |
| 5526 Hampton Hill Circle | $204,040 | $147 | 8/17/2007 | 2007 | 1,390 | Arms Length |
| 5591 Hampton Hill Circle | $161,290 | $145 | 8/15/2007 | 2006 | 1,114 | Arms Length |
| 5452 Hampton Hill Circle | $192,000 | $138 | 8/13/2007 | 2007 | 1,390 | Arms Length |
| 2834 Hampton Meadow Dr | $169,990 | $138 | 8/8/2007 | 2007 | 1,228 | Arms Length |
| 5603 Hampton Hill Circle | $156,590 | $141 | 7/31/2007 | 2006 | 1,114 | Arms Length |
| 5601 Hampton Hill Circle | $164,490 | $148 | 7/27/2007 | 2007 | 1,114 | Arms Length |
| 5593 Hampton Hill Circle | $155,990 | $140 | 7/20/2007 | 2006 | 1,114 | Arms Length |
| 5611 Hampton Hill Circle | $162,090 | $146 | 7/19/2007 | 2007 | 1,114 | Arms Length |
| 5456 Hampton Hill Circle | $193,990 | $139 | 7/6/2007 | 2006 | 1,397 | Arms Length |
| 5566 Hampton Hill Circle | $255,000 | $149 | 7/3/2007 | 2006 | 1,708 | Arms Length |
| 5454 Hampton Hill Circle | $200,420 | $144 | 6/22/2007 | 2007 | 1,390 | Arms Length |
| 5609 Hampton Hill Circle | $163,700 | $147 | 6/15/2007 | 2006 | 1,114 | Arms Length |
| 5613 Hampton Hill Circle | $165,500 | $149 | 6/11/2007 | 2006 | 1,114 | Arms Length |
| 5535 Hampton Woods Way | $225,000 | $146 | 6/1/2007 | 2005 | 1,542 | Arms Length |
| 5512 Hampton Oak Place | $165,480 | $149 | 5/31/2007 | 2006 | 1,114 | Arms Length |
| 5605 Hampton Hill Circle | $161,900 | $145 | 5/25/2007 | 2006 | 1,114 | Arms Length |
| 5607 Hampton Hill Circle | $156,590 | $141 | 5/24/2007 | 2006 | 1,114 | Arms Length |
| 5615 Hampton Hill Circle | $153,835 | $138 | 5/23/2007 | 2006 | 1,114 | Arms Length |
| 5559 Hampton Woods Way | $253,000 | $148 | 5/11/2007 | 2005 | 1,705 | Arms Length |
| 5518 Hampton Oak Place | $160,490 | $144 | 4/27/2007 | 2006 | 1,114 | Arms Length |
| 5499 Hampton Oak Place | $160,000 | $144 | 4/20/2007 | 2006 | 1,114 | Arms Length |
| 5450 Hampton Hill Circle | $199,900 | $144 | 4/11/2007 | 2005 | 1,390 | Arms Length |
| 5514 Hampton Oak Place | $151,990 | $136 | 3/30/2007 | 2006 | 1,114 | Arms Length |
| 5507 Hampton Oak Place | $163,240 | $147 | 3/22/2007 | 2006 | 1,114 | Arms Length |
| 5436 Hampton Hill Circle | $184,770 | $133 | 3/16/2007 | 2005 | 1,390 | Arms Length |
| 5509 Hampton Oak Place | $154,490 | $139 | 3/16/2007 | 2006 | 1,114 | Arms Length |
| 5439 Hampton Hill Circle | $188,000 | $135 | 3/9/2007 | 2005 | 1,397 | Arms Length |
| 5505 Hampton Oak Place | $163,820 | $147 | 3/7/2007 | 2006 | 1,114 | Arms Length |
| 5584 Hampton Hill Circle | $220,800 | $157 | 3/5/2007 | 2005 | 1,403 | Arms Length |
| 5448 Hampton Hill Circle | $183,990 | $132 | 3/2/2007 | 2005 | 1,390 | Arms Length |
| 5562 Hampton Hill Circle | $217,300 | $155 | 2/28/2007 | 2005 | 1,403 | Arms Length |
| 5440 Hampton Hill Circle | $189,700 | $136 | 2/26/2007 | 2005 | 1,390 | Arms Length |
| 5503 Hampton Oak Place | $164,420 | $148 | 2/15/2007 | 2006 | 1,114 | Arms Length |
| 5511 Hampton Oak Place | $159,490 | $143 | 2/9/2007 | 2006 | 1,114 | Arms Length |
| 5501 Hampton Oak Place | $153,990 | $138 | 1/31/2007 | 2006 | 1,114 | Arms Length |
| 5513 Hampton Oak Place | $158,405 | $142 | 1/31/2007 | 2006 | 1,114 | Arms Length |
| 5522 Hampton Oak Place | $166,790 | $150 | 1/31/2007 | 2006 | 1,114 | Arms Length |
| 5434 Hampton Hill Circle | $196,500 | $141 | 1/26/2007 | 2005 | 1,390 | Arms Length |
| 5516 Hampton Oak Place | $158,205 | $142 | 1/10/2007 | 2006 | 1,114 | Arms Length |
| 5520 Hampton Oak Place | $157,400 | $141 | 1/4/2007 | 2006 | 1,114 | Arms Length |
I hope you found this report on Hampton Creek helpful, please check back again often for more Tallahassee neighborhood reports.
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