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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.

Home Prices In Hampton Creek Joe Manausa Real Estate 1140 Capital Circle SE #12A Tallahassee, FL 32301 (850) 366-8917 www.manausa.com

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.

Home Values In Hampton Creek Joe Manausa Real Estate 1140 Capital Circle SE #12A Tallahassee, FL 32301 (850) 366-8917 www.manausa.com

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.

Home Sales In Hampton Creek Joe Manausa Real Estate 1140 Capital Circle SE #12A Tallahassee, FL 32301 (850) 366-8917 www.manausa.com

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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