Killearn Estates Housing Report Through May 2015

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It is time for a market update for the most popular neighborhood in Tallahassee, Killearn Estates.

We are excited to announce that Alex Nunez has just finished the work on the Killearn Estates Neighborhood Page, I hope you’ll visit it and let us know what you think. If you have a home (or want a home) in Killearn Estates, I recommend you bookmark that page and revisit it often. The homes for sale and past sales will be updated on a regular basis. You’ll note (if you visit) that all homes sold in Killearn Estates from January 1991 through May 2015 are listed at the bottom of the page (more than 5,000 home sales!) and can be searched and sorted (for those of you who want to know past sales information).

Home construction in Killearn Estates began in the 1960s and continues sporadically through today, though most of the building was completed more than 10 years ago. This means that there are plenty of great values (a lot of home for the money). Additionally, opportunities for buying and upgrading older homes on mature lots are an option for those wanting a newer home without the higher costs of building new today.

In this report, we will look at home prices, home values, and home sizes in Killearn Estates, as well as show current listings in the Tallahassee MLS and all closed home sales going back to 1991.

Home Prices In Killearn Estates

For 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 sales are through December for all previous years, but through May in 2015.

Average home prices have risen 7.5% thus far in 2015 versus last year, moving from $211,700 to $227,700. Prices have recovered 14% since the bottom of the market was reached in 2012, but still remain 19% lower than the market peak of $280,500 that was recorded for the 2006 calendar year.

Average Home Price

Home sales activity in 2014 was the best of the past 8 years, but still well below the levels recorded during the most active years from 1992 through 2005. There have been 62 closed home sales in Killearn Estates in 2015, representing a pace that remains far lower than the standard established in the 1990s.

Home Values In Killearn Estates

Average home values in Killearn Estates have not changed much in the past two years. They have gone from an average of $105 per square foot in 2013, down to $103 per square foot in 2014, and then up to $104 per square foot thus far in 2015.

Average Home Value

Home values remain 24% below the the averages recorded in the best year on record (2006) but up 9% over the worst year (2012).

These values suggest that many homeowners who have purchased or refinanced in the past 10 years are still going to be dealing with negative equity positions and will need creative solutions for selling their homes today.

Where is the Tallahassee market headed?

New articles as they publish, plus the Monday market report. Free, by email.

Home Sizes In Killearn Estates

The average home size sold in Killearn Estates typically falls in a range of 1,900 to 2,200 square feet, and this year buyers are shooting for the top of this range.

Average Home Size

The 62 homes sold in 2015 have averaged 2,177 square feet, which fully explains how the average sales price is going higher all the while home values are not moving much at all.

Killearn Estates Current Listing Inventory

The following map of homes are the most recent listings in Killearn Estates. Note that the map is shown in several layers due to the large amount of homes featured. Simply click on the “next” link to see them all.

Killearn Estates Idx

Killearn Estates Idx

37 Properties
Page 1 of 4
2431 RYAN Place
Tallahassee, FL, 32309
Beds2Baths3MLS#404684
2365 Merrigan Place
Tallahassee, FL, 32309
Beds2Baths3MLS#394096
2965 Shamrock St N 25
Tallahassee, FL, 32309
Beds3Baths3MLS#406032
2949 Shamrock Street 24
Tallahassee, FL, 32309
Beds4Baths3MLS#401871
4420 Siesta Court
Tallahassee, FL, 32309
Beds3Baths2MLS#403602
4411 Stratfordshire Court
Tallahassee, FL, 32309
Beds3Baths2MLS#406585
4416 Siesta Court
Tallahassee, FL, 32309
Beds3Baths3MLS#406573
2604 YARMOUTH Lane
Tallahassee, FL, 32309
Beds3Baths2MLS#406427
4480 Corbin Court
Tallahassee, FL, 32309
Beds3Baths2MLS#406835
2681 Nantucket Lane
Tallahassee, FL, 32309
Beds2Baths2MLS#401980
3747 Longchamp Circle
Tallahassee, FL, 32309
Beds3Baths2MLS#397868
3308 Piping rock Street
Tallahassee, FL, 32309
Beds3Baths3MLS#402090

Past Home Sales In Killearn Estates

The following list shows more than 5,000 home sales going back to 1991 in Killearn Estates.

Home Sales in Killearn Estates

AddressPricePrice / SQFClosing DateYear BuiltSQFSale Type
4034 Delvin Dr$379,000$2182026-10-0919731,740Resale
3113 Shannon Lakes N$455,000$2052026-10-0519862,222Resale
2933 Tipperary Ct$395,000$2062026-10-0119711,921Resale
2348 Ryan Pl$215,000$1812026-09-3019831,188Resale
4019 Kilmartin Dr$435,000$2042026-09-2819872,132Resale
2970 Bay Shore Dr$280,000$1992026-09-2519941,406Resale
3005 Tipperary Dr$325,000$2202026-09-2419691,478Resale
3708 Galway Dr$317,000$1172026-09-1119712,702Resale
4412 Bay Shore Cir$310,000$2352026-09-1019811,320Resale
4421 Siesta Ct$272,500$2102026-09-1020001,298Resale
4426 Bay Shore Cir$317,500$2322026-09-0819821,367Resale
3123 Shamrock E$435,000$2042026-09-0419852,134Resale
3750 Shamrock W$499,900$2262026-09-0119722,214Resale
3175 Ferns Glen Dr$550,000$1682026-08-3119793,268Resale
3510 Tullamore Ln$380,000$1502026-08-2819722,539Resale
3904 Shamrock W$584,900$2402026-08-2719752,433Resale
3301 Clifden Dr$450,000$1542026-08-2619872,922Resale
3139 Shamrock E$513,000$2042026-08-2619862,510Resale
4133 Arklow Dr$370,000$1942026-08-2419731,905Resale
2317 Limerick Dr$490,000$1602026-08-1919673,056Resale
3133 Tipperary Dr$360,000$2072026-08-1019691,741Resale
4451 Corbin Ct$315,000$2182026-08-1019941,445Resale
4419 Stratfordshire Ct$249,900$1842026-08-1019891,360Resale
2805 Tipperary Dr$365,000$2152026-07-3119711,700Resale
3721 Longford Dr$530,000$2122026-07-3019752,495Resale
3056 Corrib Dr$420,000$2212026-07-2819691,902Resale
3207 Shamrock E Apt 7$240,000$1532026-07-2419841,568Resale
4032 Ardara Dr$400,000$2132026-07-2319741,877Resale
2524 Limerick Dr$403,000$2312026-07-1719701,745Resale
3194 Ferns Glen Dr$300,000$1332026-07-1019882,251Resale
2733 Newmarket Cir$378,500$2362026-07-1019951,607Resale
2965 Shamrock N Unit 24$220,000$1742026-07-0919781,262Resale
3726 Wicklow Cir$430,000$1642026-07-0819782,615Resale
3900 Shamrock W$650,000$2142026-06-3019773,037Resale
3761 Donovan Dr$165,500$1542026-06-3019811,074Resale
3004 Ironwood Dr$259,000$1752026-06-2419831,480Resale
2021 Quinn Ct$444,000$2312026-06-2219811,923Resale
3074 White Ibis Way$534,900$1862026-06-1820032,875Resale
4076 Roscrea Dr$539,900$2302026-06-1119752,343Resale
3025 Corrib Dr$365,000$1542026-06-1019702,364Resale
3228 Cranleigh Dr$375,000$2212026-06-0519791,698Resale
3081 White Ibis Way$454,000$2092026-06-0519962,173Resale
2644 Bantry Bay Dr$630,000$2462026-06-0419772,563Resale
2926 Shamrock S$475,000$1792026-06-0319762,648Resale
4671 Inisheer Dr$355,000$2022026-06-0219891,761Resale
2808 Shamrock N$499,000$2182026-06-0119722,292Resale
3260 Shannon Lakes N$550,000$2442026-06-0119892,252Resale
2949 Tipperary Dr$320,000$1632026-06-0119691,966Resale
3417 Castlebar Cir$475,000$1982026-05-2919702,398Resale
2836 Fitzpatrick Dr$495,000$2042026-05-2819882,424Resale
4017 Kilmartin Dr$450,000$2732026-05-1819871,648Resale
4498 Corbin Ct$330,000$1972026-05-1819941,675Resale
3516 Clifden Dr$300,000$1802026-05-1319861,668Resale
3423 Jonathans Landing Rd$627,500$2412026-05-1319872,607Resale
3348 Piping Rock$425,000$1882026-05-0719982,263Resale
5308 Kilrush Ct$385,000$2072026-05-0519861,858Resale
2780 Kinsail Dr$229,900$1602026-05-0519901,440Resale
4301 River Chase$495,000$2362026-05-0519972,099Resale
3059 Shannon Lakes N$440,000$2292026-04-2919901,920Resale
5101 Pimlico Dr$450,000$2212026-04-2819812,035Resale
2631 Bantry Bay Dr$465,000$1902026-04-2419742,443Resale
3194 Shamrock E$575,000$2162026-04-2419912,659Resale
2234 Monaghan Dr$385,000$2052026-04-1719681,882Resale
2813 Shamrock N$737,000$1592026-04-1719714,639Resale
3413 Killimore Ct$375,000$2152026-04-1719861,743Resale
2238 Monaghan Dr$260,000$1002026-04-0919672,608Resale
2842 Ohara Dr$416,100$1872026-04-0819872,228Resale
2218 Killarney Way$660,000$1592026-04-0119694,158Resale
3049 Carlow Cir$439,900$1862026-04-0119692,368Resale
3141 Tipperary Dr$380,000$2722026-04-0119701,395Resale
3514 Westford Dr$492,500$1932026-03-2719672,558Resale
2605 Harwich Cir$336,000$2292026-03-2619891,465Resale
2965 Shamrock N Unit 39$195,000$1552026-03-2419781,262Resale
2600 Nantucket Ln$290,100$1992026-03-1719861,456Resale
3513 Fogarty Dr$405,000$1782026-03-1319862,275Resale
3212 Castle Ct$316,000$1702026-03-1219951,860Resale
3162 Corrib Dr$415,000$2012026-03-1019712,060Resale
2908 Tyron Cir$595,000$2992026-03-0919781,987Resale
4428 Siesta Ct$272,000$2152026-03-0620001,263Resale
3806 Leane Dr$430,000$2122026-03-0319712,030Resale
3884 Paddrick Dr$332,000$2252026-02-2619901,476Resale
3130 Shamrock E$499,000$2512026-02-2619851,992Resale
3036 Ironwood Dr$276,500$1872026-02-2519821,480Resale
3135 Shannon Lakes N$315,000$1612026-02-2019871,956Resale
3042 Fermanagh Dr$680,000$2002026-02-2019733,397Resale
3089 Sawgrass Cir$500,000$1882026-02-2020002,656Resale
4041 Delvin Dr$85,000$562026-02-1819731,510Resale
3708 Longchamp Cir$387,000$1722026-02-1719872,251Resale
3095 Shamrock N$585,000$2272026-02-1719972,582Resale
2632 Nantucket Ln$307,500$2222026-02-0419891,385Resale
2805 Tipperary Dr$260,000$1532026-02-0319711,700Resale
3178 Shamrock E$485,000$1892026-01-2919852,560Resale
3109 Shamrock S$432,500$2112026-01-2719732,046Resale
3343 Piping Rock$330,000$1922026-01-2319981,720Resale
2822 Yarmouth Ct$310,000$1852026-01-1419921,672Resale
4125 Tralee Rd$325,000$2132025-12-2919741,524Resale
2613 Nantucket Ln$310,000$2362025-12-2919871,314Resale
4431 Sierra Ct$335,000$2222025-12-1919981,511Resale
2427 Ryan Pl$225,000$1562025-12-1819801,440Resale
3724 Donovan Dr Apt A$196,000$1902025-12-1719921,032Resale

I hope you enjoyed our May 2015 update on home sales in Killearn Estates, please feel free to drop me a note if you have questions not covered in this report.

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