Killearn Lakes 1 Home Sales Report
There are no real surprises this quarter on the Killearn Lakes 1 home sales report. Home values in KLP1 have depreciated, on average, above 30% since the height of the market in March 2007. Checking on the current Tallahassee home inventory report, we know that pricing pressures will continue due to the glut of homes for sale.
Here is a classic real estate appreciation measurement in the real estate graph below. We see that homes were averaging about 5 sales per month at the peak of the market but have since dropped to just above 2 home sales per month. Values once trended above $140 per square foot have dropped to $101 per month for the past two months, but have trended down to $114 per square foot.
Home Values In Unit 1 Of Killearn Lakes Plantation
Another way to look at home values is to plot every arms length home sale in KLP1 and then compute a trend line with all of the data. The following graph shows every arms length existing home sale in Killearn Lakes Unit 1 from 1991 through October 2010, and the trend of real estate depreciation is quite obvious.
Unit 1 Killearn Lakes Diversity
Due to the diverse nature of the homes and home sites in KLP1, these charts and graphs should be employed to give prospective home sellers (and buyers) a feel for the direction of the market in Killearn Lakes Plantation 1, rather than an absolute value of a specific home there.
Some of the homes are situated on larger lots, some on lakes, etc. One should not presume that the size of the home, multiplied by the average price per square foot from the real estate graph above, would result in an accurate opinion of value for a home for sale in Killearn Lakes Plantation.
Recent Arms Length Killearn Lakes 1 Home Sales
| KLP1 Address | Price | Size | PPSFT | Age | Sale Date |
| 7420 LAUREL RIDGE LN | $145,000 | 1,440 | $101 | 1984 | 10/4/2010 |
| 3441 HAWKS HILL TRL | $160,000 | 1,718 | $93 | 1987 | 9/30/2010 |
| 7716 BASS RIDGE TRL | $169,900 | 1,560 | $109 | 1976 | 9/10/2010 |
| 3205 FAWN HILL TRL | $167,000 | 1,542 | $108 | 1987 | 8/6/2010 |
| 3412 CEDARWOOD TRL | $227,000 | 1,748 | $130 | 2010 | 7/16/2010 |
| 3341 WILDWOOD TRL | $166,000 | 1,430 | $116 | 1984 | 7/7/2010 |
| 7712 BASS RIDGE TRL | $130,000 | 1,543 | $84 | 1981 | 6/30/2010 |
| 7124 SUMMIT RIDGE DR | $200,000 | 1,904 | $105 | 2004 | 6/16/2010 |
| 7789 BRIARCREEK RD N | $178,000 | 1,378 | $129 | 2010 | 6/11/2010 |
| 7100 SUMMIT RIDGE DR | $250,000 | 2,242 | $112 | 2008 | 5/28/2010 |
| 3317 CHEROKEE RIDGE TRL | $164,000 | 1,406 | $117 | 2001 | 5/25/2010 |
| 3496 CEDARWOOD TRL | $148,000 | 1,182 | $125 | 1986 | 5/21/2010 |
| 7120 BEECH RIDGE TRL | $325,000 | 2,506 | $130 | 2005 | 5/3/2010 |
| 3604 DEER HILL TRL | $190,000 | 1,856 | $102 | 1985 | 4/30/2010 |
| 7000 QUAIL COMMON DR | $165,000 | 1,250 | $132 | 2009 | 4/30/2010 |
| 7784 BRIARCREEK RD N | $86,000 | 1,490 | $58 | 1985 | 4/27/2010 |
| 3345 WILDWOOD TRL | $164,000 | 1,360 | $121 | 2003 | 4/23/2010 |
| 7425 LAUREL RIDGE LN | $200,000 | 1,693 | $118 | 2007 | 4/2/2010 |
| 7803 THORNHILL LN | $225,000 | 2,213 | $102 | 1974 | 3/31/2010 |
| 7147 BEECH RIDGE TRL | $370,000 | 3,140 | $118 | 2006 | 3/12/2010 |
| 7005 FOXGLOVE LN | $195,000 | 1,510 | $129 | 1973 | 2/5/2010 |
| 7832 BRIARCREEK RD W | $182,500 | 1,406 | $130 | 2002 | 1/29/2010 |
| 7404 CANDLEWOOD LN | $174,000 | 1,420 | $123 | 1986 | 1/15/2010 |
| 3480 ROSEMONT RIDGE RD | $204,000 | 1,506 | $135 | 2008 | 12/23/2009 |
| 3432 CEDARWOOD TRL | $165,000 | 1,455 | $113 | 1995 | 12/11/2009 |
| 3453 CEDARWOOD TRL | $180,000 | 1,400 | $129 | 1987 | 12/4/2009 |
| 3349 BARROW HILL TRL | $203,000 | 1,750 | $116 | 1981 | 11/30/2009 |
| 7400 CANDLEWOOD LN | $183,500 | 1,927 | $95 | 1986 | 11/24/2009 |
| 3524 OAK HILL TRL | $166,000 | 1,656 | $100 | 1984 | 11/4/2009 |
| 7915 BRIARCREEK RD S | $188,500 | 1,780 | $106 | 1985 | 10/30/2009 |
| 3303 MICANOPY TRL | $179,500 | 1,407 | $128 | 2003 | 10/30/2009 |
| 7956 BRIARCREEK RD S | $160,000 | 1,344 | $119 | 1983 | 9/30/2009 |
| 3524 ROSEMONT RIDGE RD | $236,500 | 1,660 | $142 | 2007 | 9/30/2009 |
| 3516 OAK HILL TRL | $207,000 | 1,656 | $125 | 1986 | 8/31/2009 |
| 3324 CHEROKEE RIDGE TRL | $155,000 | 1,388 | $112 | 2002 | 8/28/2009 |
| 3551 DOGWOOD VALLEY TRL | $183,000 | 1,531 | $120 | 1986 | 8/18/2009 |
| 3553 ROSEMONT RIDGE RD | $201,000 | 1,588 | $127 | 2004 | 8/7/2009 |
| 7845 BRIARCREEK RD W | $171,000 | 1,603 | $107 | 1985 | 8/3/2009 |
| 3428 ROSEMONT RIDGE RD | $200,000 | 1,734 | $115 | 1987 | 8/3/2009 |
| 3309 BARROW HILL TRL | $95,000 | 1,745 | $54 | 1976 | 7/21/2009 |
| 3516 OAK HILL TRL | $207,000 | 1,656 | $125 | 1986 | 6/10/2009 |
| 3427 CEDARWOOD TRL | $220,000 | 1,587 | $139 | 2003 | 5/15/2009 |
| 3352 MICANOPY TRL | $167,800 | 1,409 | $119 | 1987 | 4/29/2009 |
| 3305 MICANOPY TRL | $175,000 | 1,662 | $105 | 1985 | 4/15/2009 |
| 3619 DEER HILL TRL | $190,000 | 1,676 | $113 | 1977 | 4/8/2009 |
| 3313 BARROW HILL TRL | $175,000 | 1,384 | $126 | 1976 | 4/8/2009 |
| 7939 BRIARCREEK RD S | $186,500 | 1,440 | $130 | 1984 | 4/3/2009 |
| 3523 CHEROKEE RIDGE TRL | $193,000 | 1,476 | $131 | 2002 | 3/27/2009 |
| 3488 VALLEY CREEK DR | $265,000 | 2,081 | $127 | 1983 | 3/19/2009 |
| 3423 ROSEMONT RIDGE RD | $129,900 | 1,196 | $109 | 1984 | 3/4/2009 |
| 3317 BARROW HILL TRL | $210,000 | 2,168 | $97 | 1977 | 1/16/2009 |
| 3418 TREATY OAK TRL | $194,900 | 1,624 | $120 | 2005 | 12/12/2008 |
| 3447 BRIAR BRANCH TRL | $194,900 | 1,539 | $127 | 1974 | 11/14/2008 |
| 3528 OAK HILL TRL | $249,100 | 1,753 | $142 | 2007 | 11/5/2008 |
| 7944 BRIARCREEK RD S | $190,000 | 1,591 | $119 | 1987 | 9/30/2008 |
| 3212 FAWN HILL TRL | $175,000 | 1,330 | $132 | 1985 | 9/12/2008 |
| 3409 TREATY OAK TRL | $198,800 | 1,584 | $126 | 1985 | 7/31/2008 |
| 3325 WILDWOOD TRL | $160,100 | 1,204 | $133 | 1986 | 7/30/2008 |
| 7873 BRIARCREEK RD W | $175,000 | 1,600 | $109 | 2005 | 7/28/2008 |
| 3380 MICANOPY TRL | $192,500 | 1,646 | $117 | 2003 | 7/18/2008 |
| 3329 CHEROKEE RIDGE TRL | $203,000 | 1,490 | $136 | 2004 | 7/17/2008 |
| 3309 BARROW HILL TRL | $243,000 | 1,768 | $137 | 1976 | 6/16/2008 |
| 7741 BRIARCREEK RD N | $199,900 | 1,408 | $142 | 1984 | 5/23/2008 |
| 3376 BARROW HILL TRL | $191,900 | 1,596 | $120 | 2000 | 5/19/2008 |
| 7781 BRIARCREEK RD N | $225,000 | 1,600 | $141 | 2005 | 5/16/2008 |
| 7880 BRIARCREEK RD W | $275,000 | 2,216 | $124 | 2004 | 4/14/2008 |
| 7884 BRIARCREEK RD W | $162,000 | 1,228 | $132 | 1985 | 3/27/2008 |
| 3576 ROSEMONT RIDGE RD | $215,000 | 1,614 | $133 | 3/14/2008 | |
| 7741 BRIARCREEK RD N | $152,500 | 1,408 | $108 | 1984 | 1/28/2008 |
| 7001 FOXGLOVE LN | $195,000 | 1,546 | $126 | 1977 | 1/25/2008 |
| 3309 BARROW HILL TRL | $220,000 | 1,768 | $124 | 1976 | 1/17/2008 |
| 3309 BARROW HILL TRL | $236,500 | 1,768 | $134 | 1976 | 1/17/2008 |
| 3432 HAWKS HILL TRL | $190,000 | 1,358 | $140 | 1984 | 1/3/2008 |
| 3525 CHEROKEE RIDGE TRL | $221,500 | 1,487 | $149 | 2005 | 12/27/2007 |
| 3401 ROSEMONT RIDGE RD | $170,000 | 1,200 | $142 | 1985 | 12/12/2007 |
| 3444 CEDARWOOD TRL | $205,000 | 1,406 | $146 | 2003 | 11/1/2007 |
| 3436 HAWKS HILL TRL | $161,000 | 1,312 | $123 | 1984 | 10/1/2007 |
| 7788 BRIARCREEK RD N | $255,000 | 1,776 | $144 | 1984 | 9/26/2007 |
| 3489 CEDARWOOD TRL | $258,000 | 1,794 | $144 | 2007 | 9/11/2007 |
| 7797 BRIARCREEK RD N | $209,000 | 1,316 | $159 | 1986 | 9/5/2007 |
| 7420 LAUREL RIDGE LN | $195,000 | 1,440 | $135 | 1984 | 8/10/2007 |
| 8037 BRIARCREEK RD E | $246,000 | 2,044 | $120 | 1987 | 7/31/2007 |
| 3388 MICANOPY TRL | $235,000 | 1,600 | $147 | 2005 | 7/31/2007 |
| 3416 BRIAR BRANCH TRL | $150,000 | 1,804 | $83 | 1977 | 7/30/2007 |
| 3309 BARROW HILL TRL | $138,200 | 1,768 | $78 | 1976 | 7/19/2007 |
| 3572 ROSEMONT RIDGE RD | $202,500 | 1,409 | $144 | 1995 | 7/19/2007 |
| 3432 ROSEMONT RIDGE RD | $231,800 | 1,463 | $158 | 1986 | 7/17/2007 |
| 3525 LARKSPUR LN | $169,300 | 1,406 | $120 | 1985 | 7/6/2007 |
| 3329 WILDWOOD TRL | $102,000 | 1,592 | $64 | 2007 | 7/3/2007 |
| 8021 BRIARCREEK RD S | $228,000 | 1,600 | $143 | 2005 | 6/15/2007 |
| 3501 TURKEY RUN LN | $240,000 | 1,777 | $135 | 1973 | 5/24/2007 |
| 3533 OAK HILL TRL | $279,000 | 2,188 | $128 | 1984 | 5/4/2007 |
| 3436 EDGEMONT TRL | $230,000 | 1,586 | $145 | 1984 | 4/3/2007 |
| 3504 ROSEMONT RIDGE RD | $252,000 | 1,389 | $181 | 1986 | 3/16/2007 |
| 3559 DOGWOOD VALLEY TRL | $179,000 | 1,240 | $144 | 1982 | 3/15/2007 |
| 3205 WIND LAKE LN | $195,000 | 1,380 | $141 | 1985 | 2/23/2007 |
| 3453 CEDARWOOD TRL | $204,000 | 1,400 | $146 | 1987 | 2/23/2007 |
| 3443 TREATY OAK TRL | $235,000 | 1,600 | $147 | 2005 | 2/23/2007 |
| 3430 TREATY OAK TRL | $205,000 | 1,352 | $152 | 2002 | 2/22/2007 |
| 7858 BRIARCREEK RD W | $173,000 | 1,220 | $142 | 2/21/2007 | |
| 7866 BRIARCREEK RD W | $230,000 | 1,687 | $136 | 1985 | 2/16/2007 |
| 3329 CHEROKEE RIDGE TRL | $214,900 | 1,490 | $144 | 2004 | 2/9/2007 |
| 3336 MICANOPY TRL | $184,000 | 1,264 | $146 | 1985 | 1/26/2007 |
| 8057 BRIARCREEK RD E | $235,000 | 1,690 | $139 | 2002 | 1/3/2007 |
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