Slowing Home Sales In Summerbrooke
Summerbrooke home sales appear to be slowing, and home values are dropping far faster than we have seen in the past. The Summerbrooke neighborhood is one that we have reported about often in the past, but today's graphs are new.
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Below, we see that the average home price in Summerbrooke has dropped from a high of $466K in 2006 down to its current average of $331K. This represents an average price decline of 29%, which is one point better than average for all Tallahassee neighborhoods (single family homes), but this very clearly demonstrates just how much equity is gone from the Tallahassee real estate market. How many owners can afford to lost $135,000?
Recently, we saw the best buy in Summerbrooke lower its asking price by $50,000. Lately, it is taking significant pricing corrections for home sellers to get noticed by the fewer buyers who remain in the market. With most of our buyers in the price range for a Summerbrooke home, they first have to sell a home before they are able to buy a home, and with such a significant reduction in equity, many just are not able.
Home values have also declined 29% in Summerbrooke, where the average price per square foot of a home sold in Summerbrooke this year has dropped to $115 (compared to $161 in 2006). If you have to sell a home in Summerbrooke, you had better use the best home selling plan on the internet to squeeze every last dollar from your home. If you are only "thinking about selling," you need to recognize the market is still heading lower and you will have to wait years before values even return to levels that we are seeing today.
Recent Home Sales In Summerbrooke
| Neigbhorhood | Address | Price | Price/SQF | Closing Date | Year Built | SQF |
| Summerbrooke | 7551 Preservation Road | $350,000 | $105 | 4/29/2011 | 2004 | 3,332 |
| Summerbrooke | 7130 Nesters Drive | $289,000 | $95 | 4/27/2011 | 1995 | 3,027 |
| Summerbrooke | 8143 Bloys Ct | $335,000 | $131 | 1/12/2011 | 2001 | 2,566 |
| Summerbrooke | 1152 Greensward Ct | $350,000 | $133 | 1/6/2011 | 2000 | 2,622 |
| Summerbrooke | 7115 Nesters Drive | $475,000 | $149 | 12/23/2010 | 2003 | 3,180 |
| Summerbrooke | 8061 Preservation | $385,000 | $126 | 12/20/2010 | 2005 | 3,050 |
| Summerbrooke | 8135 Viburnum Ct | $325,000 | $133 | 12/17/2010 | 2005 | 2,444 |
| Summerbrooke | 531 Summerbrooke Drive | $339,000 | $118 | 11/22/2010 | 1990 | 2,868 |
| Summerbrooke | 7532 Preservation Rd | $350,000 | $138 | 11/18/2010 | 2003 | 2,528 |
| Summerbrooke | 7131 Nesters Drive | $570,000 | $123 | 11/18/2010 | 2005 | 4,639 |
| Summerbrooke | 6873 Spicewood Ln | $310,000 | $103 | 10/29/2010 | 2000 | 3,004 |
| Summerbrooke | 7960 Downs Court | $375,000 | $132 | 10/29/2010 | 1999 | 2,849 |
| Summerbrooke | 8169 Parterre Court | $331,100 | $140 | 10/28/2010 | 2003 | 2,360 |
| Summerbrooke | 7140 Heritage Ridge | $350,000 | $113 | 10/27/2010 | 1993 | 3,089 |
| Summerbrooke | 7032 Spicewood Lane | $315,000 | $117 | 9/30/2010 | 2003 | 2,683 |
| Summerbrooke | 7757 Cricklewood Drive | $348,500 | $130 | 9/17/2010 | 1997 | 2,678 |
| Summerbrooke | 7109 Heritage Ridge Road | $300,000 | $112 | 9/15/2010 | 1991 | 2,668 |
| Summerbrooke | 1239 Conservancy Drive | $343,000 | $136 | 9/10/2010 | 2000 | 2,517 |
| Summerbrooke | 8117 Blenheim Lane | $270,000 | $126 | 8/31/2010 | 2003 | 2,136 |
| Summerbrooke | 8123 Viburnum Court | $304,000 | $116 | 8/26/2010 | 2000 | 2,614 |
| Summerbrooke | 7504 Preservation Road | $370,000 | $138 | 8/20/2010 | 1999 | 2,676 |
| Summerbrooke | 7140 Wooded Gorge Road | $376,000 | $141 | 8/4/2010 | 2001 | 2,673 |
| Summerbrooke | 8162 Parterre Court | $230,000 | $105 | 7/23/2010 | 2005 | 2,198 |
| Summerbrooke | 1351E Conservancy Drive | $325,000 | $116 | 6/29/2010 | 2000 | 2,792 |
| Summerbrooke | 7083 Spicewood Lane | $282,500 | $132 | 6/28/2010 | 2001 | 2,133 |
| Summerbrooke | 1220E Conservancy | $317,000 | $103 | 6/23/2010 | 1995 | 3,083 |
| Summerbrooke | 7765 Cricklewood | $410,000 | $136 | 6/15/2010 | 2000 | 3,008 |
| Summerbrooke | 8089 Longmeadow Lane | $537,500 | $132 | 5/28/2010 | 2008 | 4,062 |
| Summerbrooke | 1275 Conservancy Dr E | $312,000 | $132 | 5/27/2010 | 1996 | 2,361 |
| Summerbrooke | 1033 Summerbrooke Drive | $465,000 | $164 | 5/20/2010 | 2003 | 2,837 |
| Summerbrooke | 1418 Stourhead Court | $330,000 | $114 | 5/11/2010 | 1999 | 2,900 |
| Summerbrooke | 8067 Preservation Road | $338,000 | $138 | 5/10/2010 | 2003 | 2,446 |
| Summerbrooke | 933 Summerbrooke Drive | $404,000 | $101 | 5/7/2010 | 1994 | 4,018 |
| Summerbrooke | 1420 Stourhead Court | $409,000 | $110 | 5/6/2010 | 1997 | 3,733 |
| Summerbrooke | 300 Summerbrooke Drive | $465,000 | $159 | 4/30/2010 | 1991 | 2,920 |
| Summerbrooke | 1176 Greensward Drive | $362,500 | $118 | 4/16/2010 | 2001 | 3,084 |
| Summerbrooke | 1216E Conservancy Drive | $360,000 | $131 | 3/18/2010 | 2000 | 2,750 |
| Summerbrooke | 1341 Conservancy Drive | $375,000 | $140 | 3/11/2010 | 1999 | 2,688 |
| Summerbrooke | 7983 Lochknoll Lane | $392,000 | $130 | 3/1/2010 | 2000 | 3,013 |
| Summerbrooke | 7924 Preservation Road | $350,000 | $141 | 12/30/2009 | 1996 | 2,478 |
| Summerbrooke | 8060 Preservation Rd | $330,000 | $114 | 12/18/2009 | 2004 | 2,901 |
| Summerbrooke | 1404E Conservancy Drive | $320,000 | $120 | 12/8/2009 | 1998 | 2,657 |
| Summerbrooke | 317 Summerbrooke Drive | $299,000 | $98 | 11/6/2009 | 1990 | 3,066 |
| Summerbrooke | 8150 Parterre Court | $290,000 | $125 | 11/3/2009 | 2001 | 2,314 |
| Summerbrooke | 932 Summerbrooke Drive | $375,000 | $122 | 10/30/2009 | 1993 | 3,084 |
| Summerbrooke | 1160W Conservancy Drive | $358,000 | $122 | 10/29/2009 | 1996 | 2,944 |
| Summerbrooke | 1200 Greensward Drive | $343,500 | $139 | 10/27/2009 | 2000 | 2,476 |
| Summerbrooke | 924 Summerbrooke Drive | $360,000 | $145 | 8/31/2009 | 1996 | 2,479 |
| Summerbrooke | 1276 Conservancy Dr | $395,000 | $143 | 8/13/2009 | 2001 | 2,766 |
| Summerbrooke | 1044 Summerbrooke Dr | $380,000 | $114 | 8/11/2009 | 1994 | 3,329 |
| Summerbrooke | 1136 Greensward | $383,000 | $153 | 8/10/2009 | 1999 | 2,502 |
| Summerbrooke | 893 Summerbrooke Drive | $309,000 | $108 | 8/10/2009 | 1994 | 2,850 |
| Summerbrooke | 1009 Summerbrooke Drive | $412,500 | $166 | 8/7/2009 | 2005 | 2,483 |
| Summerbrooke | 637 Summerbrooke Dr | $374,000 | $127 | 8/4/2009 | 1991 | 2,956 |
| Summerbrooke | 7874 Preservation Road | $325,000 | $138 | 7/24/2009 | 1997 | 2,363 |
| Summerbrooke | 7734 Cricklewood Drive | $400,000 | $120 | 7/10/2009 | 2001 | 3,326 |
| Summerbrooke | 1337 Conservancy Drive E | $335,000 | $136 | 6/29/2009 | 2000 | 2,470 |
| Summerbrooke | 7912 Preservation Road | $315,000 | $141 | 5/22/2009 | 2000 | 2,239 |
| Summerbrooke | 1359 Conservancy Court | $277,500 | $129 | 5/7/2009 | 2001 | 2,153 |
| Summerbrooke | 7510 Preservation Road | $485,000 | $169 | 5/6/2009 | 2000 | 2,875 |
| Summerbrooke | 7110 Heritage Ridge Road | $369,000 | $135 | 5/6/2009 | 1992 | 2,731 |
| Summerbrooke | 7516 Preservation Road | $376,000 | $153 | 4/24/2009 | 1995 | 2,450 |
| Summerbrooke | 1346E Conservancy Drive | $385,000 | $131 | 4/3/2009 | 2001 | 2,940 |
| Summerbrooke | 1228 Greensward Drive | $460,000 | $152 | 4/3/2009 | 2001 | 3,032 |
| Summerbrooke | 7845 Preservation Road | $240,000 | $112 | 3/16/2009 | 1995 | 2,151 |
| Summerbrooke | 6520 Spicewood Ln | $325,000 | $133 | 2/26/2009 | 1997 | 2,436 |
| Summerbrooke | 8086 Ronds Pointe Court | $370,000 | $151 | 1/12/2009 | 2002 | 2,448 |
| Summerbrooke | 7477 Preservation Road | $550,000 | $151 | 12/10/2008 | 2003 | 3,641 |
| Summerbrooke | 7708 Preservation Rd | $410,000 | $141 | 12/5/2008 | 1995 | 2,910 |
| Summerbrooke | 1144 Greensward | $365,000 | $120 | 12/2/2008 | 1999 | 3,050 |
| Summerbrooke | 1383 Conservancy Dr E | $360,000 | $132 | 11/24/2008 | 1997 | 2,725 |
| Summerbrooke | 8116 Blenheim Lane | $342,900 | $140 | 11/21/2008 | 2003 | 2,448 |
| Summerbrooke | 1435 Conservancy Drive East | $439,000 | $144 | 10/31/2008 | 2000 | 3,048 |
| Summerbrooke | 8129 Viburnum Court | $390,000 | $135 | 10/27/2008 | 2002 | 2,899 |
| Summerbrooke | 7585 Preservation Rd | $440,000 | $145 | 9/12/2008 | 2000 | 3,045 |
| Summerbrooke | 917 Summerbrooke Drive | $535,000 | $177 | 9/5/2008 | 1993 | 3,018 |
| Summerbrooke | 7133 Wooded Gorge Road | $440,000 | $121 | 8/1/2008 | 1995 | 3,622 |
| Summerbrooke | 1108 Greensward Drive | $452,500 | $141 | 7/30/2008 | 1998 | 3,203 |
| Summerbrooke | 1209E Conservancy Drive | $315,000 | $136 | 7/9/2008 | 2001 | 2,318 |
| Summerbrooke | 512 Summerbrooke Drive | $450,000 | $170 | 7/1/2008 | 1990 | 2,642 |
| Summerbrooke | 1224 Greensward Dr | $540,000 | $159 | 6/30/2008 | 2003 | 3,401 |
| Summerbrooke | 1378 Conservancy Dr E | $415,000 | $156 | 6/20/2008 | 1999 | 2,661 |
| Summerbrooke | 1060 Summerbrooke Drive | $460,000 | $153 | 6/10/2008 | 2002 | 3,006 |
| Summerbrooke | 8136 Viburnum Court | $380,000 | $137 | 5/30/2008 | 2003 | 2,768 |
| Summerbrooke | 1400 Conservancy Drive E | $380,000 | $148 | 5/15/2008 | 1999 | 2,573 |
| Summerbrooke | 1304 Conservancy Drive | $435,000 | $155 | 5/2/2008 | 1998 | 2,813 |
| Summerbrooke | 1112 Lochknoll | $630,000 | $169 | 4/25/2008 | 2000 | 3,717 |
| Summerbrooke | 874 Hill Roost Road | $489,900 | $155 | 3/21/2008 | 2000 | 3,159 |
| Summerbrooke | 883 Hill Roost Road | $319,250 | $146 | 3/21/2008 | 1992 | 2,189 |
| Summerbrooke | 1391 Conservancy Drive East | $365,000 | $150 | 3/5/2008 | 1999 | 2,437 |
| Summerbrooke | 7083 Spicewood Lane | $315,000 | $145 | 1/31/2008 | 2001 | 2,175 |
| Summerbrooke | 7540 Preservation Road | $465,000 | $167 | 1/18/2008 | 2000 | 2,783 |
| Summerbrooke | 1113 Lochknoll Court | $687,000 | $157 | 1/14/2008 | 1997 | 4,381 |
| Summerbrooke | 7695 Willow Bastic Ct | $365,000 | $146 | 1/9/2008 | 1994 | 2,501 |
| Summerbrooke | 7116 Wooded Gorge Rd | $390,000 | $160 | 1/7/2008 | 1996 | 2,436 |
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