Lehigh & Indian Head Acres are adjacent neighborhoods that are located across the Apalachee Parkway from the Governor’s Square Mall.
Filled with homes of various sizes and ages on generous sized lots, you might be amazed at what you can find if you keep your eye on these popular downtown subdivisions.
Homes For Sale In Indian Head Acres & Lehigh
Indian Head Acres and Lehigh are zoned for the following Leon County schools:
The following report includes graphs of average home prices, home values, and home sizes in Indian Head Acres and Lehigh, as well as a list of all closed home sales in Indian Head Acres and Lehigh going back to 1991.
For each of the three real estate graphs found in this report, you will find the number of closed home sales for each year (red columns, measured on the left vertical axis), and an important real estate statistic shown in blue (measured on the right vertical axis.
It is important to note that the narrative contained below is for sales through December for all previous years, and through mid November in 2017. The graphs and the closed sales table will be continuously updated into the future (meaning bookmark this page if you always want to know the current status of homes in Indian Head Acres and Lehigh).
Indian Head Acres and Lehigh Home Prices
Average home prices in Indian Head Acres and Lehigh have moved 21% higher this year, but this is more a story of recovery than anything else. Many downtown neighborhoods saw in excess of 40% value loss during the housing market collapse, and we are merely seeing equity return to these highly prized properties. When you consider most are single family detached brick homes, situated on lots greater than a third of an acre, downtown, the recovery in home prices is really not surprising at all.
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Home sales activity for Indian Head Acres and Lehigh is strong. Currently, there are 7 homes for sale in Indian Head Acres & Lehigh, and 3 are already under contract. The thirty one home sales this year have had an average home price of $155,450.
Indian Head Acres and Lehigh Home Values
Average home values in Indian Head Acres have moved up nearly 11% through mid November, a huge level of apprecation (as we forecast in previous reports on Indian Head Acres).
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The average value of a home sold in Indian Head Acres is $103 per square foot, but this just won’t be the case for much longer. We just listed and sold a home with multiple offers and the seller received more than $133 per square foot (see home here). The combination of location and lot sizes will begin to pull in buyers at much higher values.
SELL FAST TO GET TOP DOLLAR
With the rare exception for homes that must be marketed in a low-liquidity environment, homes that take longer than 4 to 14 days will likely yield less money for the home seller than a home sold within the proper time frame.
Give us a try, talk to us about the "why" of this, and we'll start by taking a look at the current inventory of homes like yours that are listed for sale in Tallahassee. Whether you want to sell your home now or sometime in the future, our meeting will help you prepare to get top dollar for your home.
Indian Head Acres and Lehigh Home Sizes
The average home size sold in Indian Head Acres typically falls in a range of 1,300 to over 1,500 square feet, but homes have been getting larger here as buyers are taking advantage of the low prices for homes on large lots so convenient to downtown. Expect to see average sizes to grow for the next few years.
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The 31 home sales in 2017 have averaged 1,538 square feet.
Indian Head Acres and Lehigh Home Sales
The following table contains the most recent 1,000 home sales in Indian Head Acres and Lehigh.
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This concludes our November 2017 update on the real estate market in Lehigh & Indian Head Acres, please feel free to give us a call at (850) 366-8917 or drop us a note if you have questions not covered in this report.
