Homes With Pools Are A Market Of Their Own
Did you ever wonder how many homes in Tallahassee have swimming pools? For some reason this thought hit me at 5:15 a.m. this morning, and I became curious about their impact on the Tallahassee housing market. I did find some interesting (after a cup of coffee) information and created a few real estate graphs to show what's going on with homes with pools in Tallahassee.
First of all, I created a great resource page for pool homes in Tallahassee. If you want to know anything about the homes currently listed for sale that have pools, just go to the Tallahassee Pool Homes page and you can search an "always current" list of homes for sales that have swimming pools. I broke even created a few custom searches so that you can target your search.
Links To Different Swimming Pool Homes In Tallahassee
Tallahassee Pool Home Sales Report
Currently, there are 2,565 homes for sale in Tallahassee, and 397 of these (15.5%) have pools. The following graph shows homes for sale by price range, and divides them based upon whether or not they have a pool.
The higher end of the price ranges not surprisingly have more pools than do the lower ends.
But the real question I wanted to answer was how do pools affect the value of a home? Do they add as much value as their cost? Could they possibly reduce the value of a home? How does one go about finding these answers ...
Pool Home Values In Tallahassee
I downloaded all of the home sales in the Tallahassee MLS from May of 2010 through April of 2011, and then removed the duplicates and then sorted them by size. The following real estate graph shows a surprising result in one of the size ranges.
This report shows that homes under 1,000 square feet (this includes condominiums with association pools) see an increase in value of just under $13K for homes with pools versus those without. The number is similar for homes between 2,000 and 3,000 square feet. But then things get crazy.
Homes between 1,000 square feet and 2,000 square feet show homes selling with pools for about $15K less than homes that do not have pools. Huh? And then homes greater than 3,000 square feet see a positive differential of roughly $70K. This feedback is somewhat startling, so I will find some time in the future to further explore the real value a pool adds (or reduces) to the value of a home.
Recent Pool Home Sales In Tallahassee
| Tallahassee Subdivision | Address | Price | Price/SQF | Closing Date |
| Golden Eagle Plantation | 8986 Winged Foot Drive | $647,500 | $133.51 | 4/29/2011 |
| Betton Hills | 2506 Marston Road | $257,500 | $133.56 | 4/29/2011 |
| Mission Overlook Condominiums | 2172 Del Carmel Way | $108,000 | $79.41 | 4/29/2011 |
| Renegade Condominimums | 403 Hayden Road, Unit 115 | $55,400 | $104.33 | 4/29/2011 |
| Adams Place Condos | 3000S Adams Place | $55,000 | $43.51 | 4/29/2011 |
| None | 1975 Shadyside Circle | $49,900 | $30.28 | 4/29/2011 |
| Renegade Condominiums | 403 Hayden Road | $44,900 | $84.56 | 4/29/2011 |
| Summerbrooke | 7130 Nesters Drive | $289,000 | $95.47 | 4/27/2011 |
| Autumn Estates | 5688 Rustic Drive | $38,250 | $34.00 | 4/27/2011 |
| Carolina Terrace | 812-8 W Carolina Street | $110,000 | $111.34 | 4/25/2011 |
| Centerville Townhouses | 1625 Centerville | $100,000 | $77.40 | 4/22/2011 |
| Chemonie Crossing | 7241 Old Chemonie Court | $356,000 | $135.31 | 4/21/2011 |
| Southwood | 3075 Bent Grass Lane | $230,000 | $103.98 | 4/21/2011 |
| Reece Park | 1606 E Park Avenue | $186,000 | $82.67 | 4/20/2011 |
| Summerchase | 4434-2902 Gearhart Road | $80,500 | $59.90 | 4/20/2011 |
| Edinburgh Estates | 4379 Woodbridge Road | $154,000 | $79.06 | 4/19/2011 |
| Middlewood Unrec | 2020 Middlewood Drive | $520,000 | $132.72 | 4/15/2011 |
| Golden Eagle | 9149 SHOAL CREEK DRIVE | $354,900 | $121.04 | 4/15/2011 |
| Residences At Whispering Pines | 2731-85S Blairstone Road | $29,000 | $28.13 | 4/15/2011 |
| Kenilwood | 2949 Shamrock N | $70,000 | $44.61 | 4/14/2011 |
| Dyrehaven Unrecorded | 2047 DYREHAVEN COURT | $210,000 | $106.60 | 4/13/2011 |
| Chemonie Crossing Unit Ii | 7500 CreekRidge Circle | $486,000 | $67.26 | 4/11/2011 |
| Killearn Commons | 8127 Charrington Forest Blvd. | $155,000 | $104.10 | 4/11/2011 |
| Brighton Place | 1575 Paul Russell Road | $90,000 | $52.79 | 4/11/2011 |
| Settlers Creek | 3983 Pinta Court | $148,000 | $91.19 | 4/1/2011 |
| Betton Hills 1St Addition | 2001 Trescott Drive | $495,000 | $134.07 | 3/31/2011 |
| - | 3400 Deer Lane Rd. | $364,000 | $129.17 | 3/31/2011 |
| Killearn Acres | 3237 Majestic Prince Trail | $167,000 | $95.54 | 3/31/2011 |
| Arbor Hills | 3309 Woody Way | $150,000 | $105.04 | 3/31/2011 |
| Killearn Estates | 4045 Devlin Court | $408,500 | $131.35 | 3/30/2011 |
| Oakfair Plantation | 2638 Streetfair Lane | $342,000 | $118.75 | 3/30/2011 |
| Midyette Plantation | 5108 CENTENNIAL OAK Circle | $325,000 | $102.82 | 3/30/2011 |
| Emerald Acres | 8752 OPAL Drive | $225,000 | $111.11 | 3/30/2011 |
| Killearn Estates | 4052 Roscrea Drive | $155,000 | $67.13 | 3/29/2011 |
| Terrence Heights | 2501 Tupelo Terrace | $112,000 | $89.74 | 3/29/2011 |
| White Acres Addition | 2321 Amelia Circle | $50,700 | $42.71 | 3/28/2011 |
| Bull Run | 5636 Burnside Circle | $275,000 | $121.84 | 3/25/2011 |
| Meridian Hills | 230 Meridian Hills Road | $170,000 | $107.59 | 3/25/2011 |
| Barrington Park | 2801 CHANCELLORSVILLE DR | $74,900 | $67.36 | 3/24/2011 |
| Killearn Estates | 2950 Giverny Circle | $264,000 | $110.05 | 3/18/2011 |
| Holly Hills | 2109 Ridgetop Drive | $185,000 | $110.65 | 3/18/2011 |
| Brighton Place | 1575 Paul Russell Building #4004 | $100,000 | $58.65 | 3/18/2011 |
| Killearn Acres | 6719 Johnstown Loop | $136,000 | $95.17 | 3/17/2011 |
| Piney Z | 1184 Landings Loop | $180,000 | $121.95 | 3/16/2011 |
| Heartwood Hills | 10525 S Valentine Road | $265,000 | $121.56 | 3/15/2011 |
| Lakeshore | 3002 Southshore Circle | $220,000 | $81.54 | 3/15/2011 |
| Between Carriage And Penny Ln. | 3010 Thomasville Road | $950,000 | $177.57 | 3/10/2011 |
| None | 6650 WILD FERN LN | $330,000 | $107.42 | 3/8/2011 |
| Ox Bottom Manor | 6266 Hines Hill Circle | $240,500 | $113.28 | 3/8/2011 |
| Bradford Manor | 2223 Belle Vue Way | $86,000 | $48.40 | 3/3/2011 |
| Chemonie Crossing | 9070 Old Chemonie Road | $315,000 | $134.67 | 3/2/2011 |
| Missionwood | 1102 Missionwood Lane | $159,000 | $86.70 | 3/2/2011 |
| Palms West Condominium | 2325 W Pensacola Street | $35,500 | $31.92 | 3/1/2011 |
| Lenox Mill | 3461 LENOX MILL RD | $225,000 | $94.06 | 2/28/2011 |
| Barrington Park | 2801 Chancellorsville Drive | $162,400 | $106.01 | 2/28/2011 |
| Carolina Terrace(Walk To Fsu!) | 820-4 W CAROLINA | $107,000 | $108.30 | 2/28/2011 |
| Westwood Condominium | 513 WESTWOOD | $35,000 | $28.69 | 2/28/2011 |
| Bobbin Trace | 1232 Stonehurst Way | $675,000 | $158.97 | 2/25/2011 |
| Foxcroft | 3104 DOWLING DR | $212,000 | $109.50 | 2/25/2011 |
| Sawgrass Plantation | 2894 Manila Palm Court | $158,000 | $110.88 | 2/25/2011 |
| Sawgrass Plantation | 2778 Saw Palmetto Lane | $117,500 | $82.46 | 2/24/2011 |
| Barrington Park | 2801 chancellorsville dr | $104,900 | $68.79 | 2/24/2011 |
| The Timbers Phase 5 | 2191 Timberwood Circle | $86,000 | $67.19 | 2/22/2011 |
| Residences At Whispering Pines | 2731 Blairstone Road | $16,000 | $12.69 | 2/22/2011 |
| Killearn Estates | 3888 Paddrick Drive | $192,500 | $117.74 | 2/18/2011 |
| Chemonie Trace | 12600 LAUREL HILL DR | $615,000 | $179.61 | 2/16/2011 |
| Barrington Park Condo | 2801 ChancellorsvilleDR | $104,000 | $68.20 | 2/16/2011 |
| Southwood | 3158 Buckhead Trace | $255,000 | $107.69 | 2/15/2011 |
| Barrington Park | 2801 ChancellorsvilleDR | $139,900 | $84.28 | 2/15/2011 |
| Ravines | 2467 Viceroy Court | $309,900 | $154.26 | 2/14/2011 |
| Allen Prop Unrec | 3673 Flat Road | $305,000 | $104.92 | 2/14/2011 |
| Indian Village | 1320 Warrior Way | $101,400 | $102.22 | 2/14/2011 |
| Killearn Estates | 4028 Roscrea Drive | $160,150 | $77.97 | 2/11/2011 |
| Hilltop Unrecorded | 3112 OSCAR HARVEY Road | $99,000 | $79.20 | 2/10/2011 |
| Hidden Acres Unrec | 11055 Brigade Drive | $169,900 | $64.55 | 2/8/2011 |
| Southwood | 4067 Colleton Court | $148,000 | $84.86 | 2/7/2011 |
| Shannon Forest | 2345 Hampshire Way | $162,000 | $76.34 | 2/4/2011 |
| Savannah Crossing | 2738-402 W. Tharpe Street | $110,000 | $90.98 | 2/4/2011 |
| Moore Pond | 6288 Heartland Circle | $650,000 | $157.84 | 1/31/2011 |
| Barrington Park Conominiums | 2801 Chancellorsville DR | $109,000 | $78.42 | 1/31/2011 |
| Ox Bottom Manor | 6332 Glasgow Dr | $315,000 | $114.55 | 1/28/2011 |
| Turkey Run | 331 St. Angelo Road | $189,000 | $78.36 | 1/28/2011 |
| Golden Eagle | 2286 Cobb Drive | $386,000 | $122.31 | 1/27/2011 |
| Vieux Carre | 1440 Vieux Carre Drive | $370,000 | $172.09 | 1/27/2011 |
| Villas | 149-C Villas Court, SE | $103,000 | $83.47 | 1/26/2011 |
| Villas Unit 2 | 195 NE Villas Court | $150,000 | $102.74 | 1/25/2011 |
| Metes And Bounds | 2466 Thornton Road | $200,000 | $80.42 | 1/14/2011 |
| Charleston Square | 2446 Nugget Lane | $67,000 | $60.14 | 1/14/2011 |
| Killearn Estates | 3029 OBrien Drive | $323,500 | $123.80 | 1/13/2011 |
| Summerbrooke | 8143 BLOYS CT | $335,000 | $130.55 | 1/12/2011 |
| Chemonie Crossing | 8037 Archer Circle | $310,000 | $101.77 | 1/11/2011 |
| Summerbrooke | 1152 GREENSWARD CT | $350,000 | $133.49 | 1/6/2011 |
| Pineridge Estates | 1501 Westheaven Drive | $44,400 | $33.64 | 1/5/2011 |
| Residences At Whispering Pines | 2731 Blairstone Road Unit 55 | $17,900 | $17.50 | 1/5/2011 |
| Barrington Park Condominiums | 2801 1413 Chancellorsville Drive | $79,900 | $82.71 | 1/4/2011 |
| Buckhead | 2728W Hannon Hill Drive | $350,000 | $129.63 | 1/3/2011 |
Discussion
Pools tend to be built on lots that have more land which might also affect the price of the home.
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