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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?

Summerbrooke Home Sales Image

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.

Summerbrooke Home Sales Report Graph

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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