Investors Flocking To The Forest Heights Neighborhood In Tallahassee
If you haven't seen the Forest Heights neighborhood in Tallahassee, I recommend you make a little field trip to see what a real estate investor's delight should like like.
I recently looked at the list of homes for sale in Forest Heights and found several that would my investor clients a very strong rate of return over the next ten years. But apparently, I'm not the only one who has noticed.
Homes For Sale In Forest Heights
MLS #: 308559
MLS #: 307504
MLS #: 309633
MLS #: 309553
MLS #: 308569
MLS #: 307373
MLS #: 309640
MLS #: 308610
MLS #: 309726Home sales are getting stronger in the Forest Heights neighborhood in Tallahassee, and this year already shows to have more home sales than any year prior going back to 2006. Real estate investors have found that the combination of value, location, and strong rental demand make this popular community in the 32303 zip code a very smart buy.
For example, there is a home listed for sale on Sharon Road that is priced the same as it would have been over 10 years ago, but rental rates are far higher. Investor yield in real estate is on the rise, and the Forest Heights Neighborhood in Tallahassee is centered on their radar.
Home Prices In The Forest Heights Neighborhood In Tallahassee
The average sales price of a home in the Forest Heights Neighborhood in Tallahassee continues to fall, which only increases the opportunity for high returns for investors. When we look at the real estate graph below, we see unit sales rising while prices are dropping, which usually occurs right before a change in direction on prices (read that to mean ... get 'em while their hot!).
Home Values In The Forest Heights Neighborhood In Tallahassee
We can see the decline of home values in the Forest Heights Neighborhood in Tallahassee seems to have come to an end, as values have bottomed while unit sales are rising. This only confirms that now might be the best time to buy a home in Forest Heights.
Is Your Agent Too Broke To Be Your Broker?
Most Real Estate Agents Have No Marketing Budget
The average real estate agent in Tallahassee will only sell five homes this year, and more than half will sell two or fewer. This means they do not earn enough money to spend the significant amount it takes to attract MANY buyers to your home.
They certainly cannot spend the type of money needed each day to promote your home and generate the buzz you need to attract MULTIPLE buyers.
We are effective. And we spend more money each month marketing our listings than most agents earn in a year.
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Recent Home Sales In The Forest Heights Neighborhood In Tallahassee
| Address | Sales Price | Price/SQF | Closing Date | Year Built | SQF | Type |
| 1813 High Road | $100,000 | $76 | 10/27/2011 | 1956 | 1,312 | Existing |
| 1404 Sharon Road | $114,900 | $65 | 9/8/2011 | 1958 | 1,775 | Existing |
| 1830 Sunset Lane | $105,000 | $75 | 8/24/2011 | 1956 | 1,404 | Existing |
| 1514 Sharon Road | $106,000 | $65 | 7/22/2011 | 1954 | 1,627 | Existing |
| 1801 Sherwood Drive | $179,900 | $93 | 7/15/2011 | 1975 | 1,936 | Existing |
| 1922 Sharon Road | $143,000 | $85 | 6/16/2011 | 1962 | 1,686 | Existing |
| 1907 Sunset Lane | $155,000 | $124 | 6/15/2011 | 1974 | 1,252 | Existing |
| 1908 Skyland Drive | $181,500 | $86 | 5/15/2011 | 1968 | 2,100 | Existing |
| 1904 Fairlane Road | $108,000 | $74 | 4/12/2011 | 1958 | 1,458 | Existing |
| 1416 Sharon Road | $100,000 | $55 | 3/2/2011 | 1953 | 1,833 | Existing |
| 1418 Tharpe Street | $60,000 | $51 | 1/31/2011 | 1955 | 1,168 | Existing |
| 1808 Skyland Drive | $135,900 | $85 | 1/28/2011 | 1968 | 1,598 | Existing |
| 1400 Tharpe Street | $101,300 | $80 | 1/28/2011 | 1960 | 1,260 | Existing |
| 1909 Sherwood Drive | $156,000 | $76 | 1/13/2011 | 1963 | 2,062 | Existing |
| 1738 Sunset Lane | $135,000 | $86 | 12/2/2010 | 1958 | 1,567 | Existing |
| 1822 Sherwood Drive | $140,000 | $63 | 10/27/2010 | 1968 | 2,228 | Existing |
| 1901 Fairlane Road | $110,000 | $89 | 10/15/2010 | 1955 | 1,232 | Existing |
| 1810 Sherwood | $159,000 | $87 | 9/28/2010 | 1957 | 1,826 | Existing |
| 1505 Sunset Lane | $150,000 | $78 | 8/24/2010 | 1956 | 1,924 | Existing |
| 1905 Holly Street | $58,500 | $53 | 7/21/2010 | 1959 | 1,108 | Existing |
| 1513 Sharon Road | $114,200 | $67 | 6/14/2010 | 1957 | 1,695 | Existing |
| 2003 Holly Street | $142,000 | $101 | 5/28/2010 | 1958 | 1,411 | Existing |
| 1801 Sunset Lane | $155,000 | $81 | 2/19/2010 | 1956 | 1,916 | Existing |
| 1309 Sharon Road | $149,900 | $102 | 11/19/2009 | 1959 | 1,464 | Existing |
| 1906 Fairlane Road | $141,000 | $108 | 11/17/2009 | 1960 | 1,300 | Existing |
| 1322 Sharon Road | $123,000 | $84 | 11/13/2009 | 1959 | 1,464 | Existing |
| 1829 Sharon Rd | $150,000 | $96 | 10/30/2009 | 1955 | 1,556 | Existing |
| 1912 Sharon Road | $150,000 | $54 | 10/30/2009 | 1960 | 2,800 | Existing |
| 1906 High Road | $115,000 | $77 | 6/30/2009 | 1960 | 1,500 | Existing |
| 1905 Sherwood Drive | $170,000 | $110 | 6/19/2009 | 1960 | 1,548 | Existing |
| 1719 Sharon Road | $165,000 | $105 | 6/8/2009 | 1956 | 1,565 | Existing |
| 1326 Sharon Road | $119,900 | $109 | 4/30/2009 | 1950 | 1,100 | Existing |
| 1907 Sharon Rd | $170,000 | $108 | 3/12/2009 | 1958 | 1,575 | Existing |
| 1730 Sharon Road | $97,000 | $79 | 1/29/2009 | 1956 | 1,232 | Existing |
| 1709 Sunset Lane | $115,000 | $91 | 10/24/2008 | 1956 | 1,264 | Existing |
| 1907 Sunset Lane | $185,600 | $104 | 8/22/2008 | 1974 | 1,784 | Existing |
| 1512 Sunset Lane | $150,000 | $104 | 8/8/2008 | 1956 | 1,442 | Existing |
| 1914 Sherwood Drive | $185,000 | $110 | 7/31/2008 | 1965 | 1,680 | Existing |
| 1814 Sunset Ln | $202,500 | $94 | 7/14/2008 | 1956 | 2,150 | Existing |
| 2003 Rosedale Dr | $170,000 | $94 | 5/13/2008 | 1954 | 1,816 | Existing |
| 1806 Croydon Dr | $105,000 | $76 | 3/31/2008 | 1954 | 1,390 | Existing |
| 1803 Sherwood Drive | $159,900 | $127 | 2/8/2008 | 1975 | 1,260 | Existing |
| 1821 Sharon Rd | $140,000 | $76 | 2/1/2008 | 1957 | 1,842 | Existing |
| 1809 Sharon Road | $167,000 | $93 | 1/23/2008 | 1956 | 1,800 | Existing |
| 1502 Sharon Road | $149,000 | $109 | 10/19/2007 | 1983 | 1,372 | Existing |
| 1802 Sharon Road | $178,000 | $126 | 8/31/2007 | 1956 | 1,418 | Existing |
| 1838 Sunset Lane | $167,500 | $116 | 8/17/2007 | 1957 | 1,448 | Existing |
| 1913 Sherwood Dr | $275,000 | $88 | 8/16/2007 | 1960 | 3,136 | Existing |
| 1514 W Tharpe Street | $187,500 | $116 | 8/3/2007 | 1953 | 1,617 | Existing |
| 1923 Sharon Rd | $225,000 | $98 | 7/24/2007 | 1960 | 2,294 | Existing |
| 1918 Sherwood Dr | $210,000 | $119 | 6/27/2007 | 1966 | 1,764 | Existing |
| 1737 Sunset Lane | $195,000 | $104 | 5/22/2007 | 1956 | 1,883 | Existing |
| 1833 Sharon Rd. | $168,000 | $137 | 5/15/2007 | 1956 | 1,225 | Existing |
| 2006 Croydon Dr | $199,000 | $83 | 5/15/2007 | 1969 | 2,393 | Existing |
| 1903 Sherwood Dr | $187,000 | $130 | 4/27/2007 | 1968 | 1,435 | Existing |
| 1733 Sunset Lane | $188,000 | $94 | 12/22/2006 | 1957 | 2,000 | Existing |
| 1905 Rosedale Drive | $232,000 | $104 | 12/12/2006 | 1954 | 2,230 | Existing |
| 1713 Sharon Rd | $135,000 | $80 | 10/25/2006 | 1958 | 1,689 | Existing |
| 1911 Sunset Lane | $198,000 | $128 | 9/11/2006 | 1959 | 1,547 | Existing |
| 1903 Holly | $138,500 | $127 | 8/7/2006 | 1957 | 1,088 | Existing |
| 1705 Sunset Ln | $210,000 | $115 | 8/4/2006 | 1956 | 1,826 | Existing |
| 1416 Hilltop Dr | $168,000 | $93 | 7/21/2006 | 1958 | 1,811 | Existing |
| 1902 High Road | $145,000 | $106 | 7/12/2006 | 1956 | 1,369 | Existing |
| 1406 W Tharpe St | $145,000 | $163 | 6/23/2006 | 1954 | 890 | Existing |
| 1910 Sunset Lane | $201,200 | $124 | 6/22/2006 | 1959 | 1,628 | Existing |
| 1903 Skyland Drive | $230,000 | $107 | 6/6/2006 | 1966 | 2,140 | Existing |
| 1503 Hilltop Dr | $194,000 | $113 | 5/31/2006 | 1960 | 1,716 | Existing |
| 1506 Sharon Rd. | $131,500 | $108 | 5/23/2006 | 1956 | 1,216 | Existing |
| 1908 Croydon Dr. | $212,000 | $98 | 5/1/2006 | 1956 | 2,154 | Existing |
| 1738 Sunset Lane | $170,000 | $108 | 4/28/2006 | 1958 | 1,567 | Existing |
| 1904 Sherwood Drive | $225,000 | $110 | 2/28/2006 | 1962 | 2,050 | Existing |
| 1806 Skyland | $225,000 | $99 | 2/27/2006 | 1966 | 2,271 | Existing |
| 1826 Sharon Road | $165,950 | $92 | 2/22/2006 | 1957 | 1,806 | Existing |
| 1814 Sunset Ln. | $160,000 | $94 | 2/7/2006 | 1956 | 1,700 | Existing |
Please come back again to see more reports on the Forest Heights neighborhood in Tallahassee, as well as many others!
This concludes our update on home sales in Forest Heights, please give us a call at (850) 366-8917 or drop us a note if you have questions about this NW Tallahassee neighborhood.
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