Killearn Lakes Unit 2 Home Sale Report
Posted by Joe Manausa on Monday, February 22, 2010 at 10:56 AM
By Joe Manausa / February 22, 2010
1 Comment
I was recently looking into home values in Unit 2 of Killearn Lakes Plantation and figured that my results would make for an interesting blog post at the Tallahassee Real Estate Blog. Killearn Lakes is the most active subdivision in Northeast Tallahassee, so I knew that whatever I found would be an important representation of current activity in the Tallahassee housing market.
Unit Sales And Average Home Prices Dropping In Killearn Lakes Unit 2
Much like we have seen in the rest of the Tallahassee housing market, both unit sales and home prices have fallen in Killearn Lakes Unit 2. Lately, we have seen some stability in the number of homes selling each month, but values are averaging in the $160K - $170K price range, after once approaching $200K in 2006.
Killearn Lakes Unit 2 Home Values Down 17%
Home values in KLP2 have depreciated 17% since the peak of the market, which is much better than many other parts of the Tallahassee housing market (just last week we reported that Southwood home values depreciated 24%). Because this is a neighborhood with homes valued right at the median price point in Tallahassee, it is poised to weather the market better than ones further away from the middle. Additionally, this price point is best suited for the Homebuyer Tax Credit that home buyers can use through April of this year.
In the real estate graph above, we see the 17% decline in home values. Additionally, to the right of the main graph area, the yellow arrow represents the range in values of homes that failed to sell in the Tallahassee MLS, while the red arrow represents the range of values of the current homes for sale in Killearn Lakes Unit 2.
Recent Home Sales In Killearn Lakes Unit 2
Address |
Price |
Size |
PPSFT |
Year Built |
Sale Date |
| 1776 FOLKSTONE RD | 150,000 | 1,382 | $109 | 2000 | 12/23/2009 |
| 8340 CHICKASAW TRL | 168,000 | 1,348 | $125 | 1991 | 12/18/2009 |
| 8331 CHICKASAW TRL | 242,500 | 2,075 | $117 | 1987 | 12/18/2009 |
| 8227 HUNTERS RIDGE TRL | 168,000 | 1,404 | $120 | 1993 | 12/7/2009 |
| 8132 HOLLY RIDGE TRL | 125,000 | 1,264 | $99 | 2000 | 12/3/2009 |
| 8371 CHICKASAW TRL | 170,000 | 1,358 | $125 | 1996 | 12/2/2009 |
| 8223 HUNTERS RIDGE TRL | 158,800 | 1,320 | $120 | 2009 | 11/24/2009 |
| 8830 MINNOW CREEK DR | 147,700 | 1,296 | $114 | 1989 | 11/18/2009 |
| 1769 FOLKSTONE RD | 178,000 | 1,341 | $133 | 1993 | 11/3/2009 |
| 8288 CHICKASAW TRL | 186,000 | 1,609 | $116 | 1991 | 11/2/2009 |
| 8633 OAK FOREST TRL | 100,000 | 1,293 | $77 | 1994 | 10/20/2009 |
| 1701 BROKEN BOW TRL | 185,500 | 1,340 | $138 | 1998 | 9/25/2009 |
| 8109 HOLLY RIDGE TRL | 152,000 | 1,187 | $128 | 1993 | 9/9/2009 |
| 2344 TUSCAVILLA RD | 155,000 | 1,232 | $126 | 1987 | 8/24/2009 |
| 1735 FOLKSTONE RD | 195,000 | 1,405 | $139 | 1991 | 8/18/2009 |
| 1706 BROKEN BOW TRL | 168,500 | 1,729 | $97 | 1993 | 7/31/2009 |
| 1835 FOLKSTONE RD | 165,000 | 1,203 | $137 | 1989 | 7/27/2009 |
| 8228 CHICKASAW TRL | 170,000 | 1,460 | $116 | 2004 | 7/27/2009 |
| 8628 OAK FOREST TRL | 189,900 | 1,544 | $123 | 1993 | 7/10/2009 |
| 8675 OAK FOREST TRL | 185,000 | 1,424 | $130 | 1990 | 7/6/2009 |
| 8216 HUNTERS RIDGE TRL | 190,500 | 1,623 | $117 | 1989 | 6/23/2009 |
| 8623 OAK FOREST TRL | 150,000 | 1,281 | $117 | 1990 | 6/18/2009 |
| 8390 CHICKASAW TRL | 174,500 | 1,383 | $126 | 1992 | 6/16/2009 |
| 2284 TUSCAVILLA RD | 142,500 | 1,317 | $108 | 1992 | 6/5/2009 |
| 8612 OAK FOREST TRL | 157,500 | 1,473 | $107 | 1988 | 6/5/2009 |
| 8402 CHICKASAW TRL | 148,500 | 1,466 | $101 | 1986 | 3/24/2009 |
| 1788 FOLKSTONE RD | 160,000 | 1,472 | $109 | 1993 | 2/24/2009 |
| 1883 FOLKSTONE RD | 145,000 | 1,467 | $99 | 1992 | 1/27/2009 |
| 8256 HUNTERS RIDGE TRL | 182,900 | 1,524 | $120 | 1991 | 1/6/2009 |
| 1887 FOLKSTONE RD | 154,600 | 1,382 | $112 | 1995 | 12/30/2008 |
| 1797 FOLKSTONE RD | 170,000 | 1,392 | $122 | 1993 | 12/30/2008 |
| 2348 TUSCAVILLA RD | 125,000 | 1,108 | $113 | 1988 | 12/5/2008 |
| 1699 FOLKSTONE RD | 167,500 | 1,420 | $118 | 1991 | 11/24/2008 |
| 1707 FOLKSTONE RD | 185,000 | 1,743 | $106 | 1989 | 11/7/2008 |
| 8208 HUNTERS RIDGE TRL | 132,000 | 1,538 | $86 | 1993 | 10/23/2008 |
| 1713 BROKEN BOW TRL | 227,000 | 1,713 | $133 | 2008 | 9/15/2008 |
| 2317 TUSCAVILLA RD | 157,000 | 1,214 | $129 | 1984 | 9/5/2008 |
| 8235 CHICKASAW TRL | 162,000 | 1,341 | $121 | 1989 | 9/5/2008 |
| 1863 FOLKSTONE RD | 189,900 | 1,313 | $145 | 1996 | 8/27/2008 |
| 8620 OAK FOREST TRL | 163,000 | 1,232 | $132 | 1988 | 8/5/2008 |
| 1709 BROKEN BOW TRL | 229,000 | 1,686 | $136 | 2008 | 7/31/2008 |
| 1679 FOLKSTONE RD | 191,500 | 1,468 | $130 | 1997 | 7/25/2008 |
| 8753 MINNOW CREEK DR | 240,000 | 1,617 | $148 | 2004 | 7/21/2008 |
| 2363 TUSCAVILLA RD | 160,000 | 1,088 | $147 | 1985 | 7/18/2008 |
| 1875 FOLKSTONE RD | 191,500 | 1,382 | $139 | 1995 | 7/11/2008 |
| 8323 HUNTERS RIDGE TRL | 194,500 | 1,560 | $125 | 1989 | 7/11/2008 |
| 9113 BIRCH RUN LN | 226,000 | 1,609 | $140 | 1989 | 5/30/2008 |
| 1742 FOLKSTONE RD | 177,000 | 1,232 | $144 | 1992 | 5/20/2008 |
| 1628 FLINT RIDGE LN | 169,000 | 1,290 | $131 | 1987 | 5/1/2008 |
| 8287 HUNTERS RIDGE TRL | 157,000 | 1,214 | $129 | 1992 | 3/28/2008 |
| 8360 CHICKASAW TRL | 182,000 | 1,520 | $120 | 1988 | 3/26/2008 |
| 8220 HUNTERS RIDGE TRL | 175,000 | 1,276 | $137 | 1991 | 3/24/2008 |
| 8235 HUNTERS RIDGE TRL | 199,000 | 1,442 | $138 | 1992 | 2/28/2008 |
| 8331 CHICKASAW TRL | 200,000 | 2,075 | $96 | 1987 | 2/22/2008 |
| 8336 CHICKASAW TRL | 187,500 | 1,452 | $129 | 1991 | 2/8/2008 |
| 2305 TUSCAVILLA RD | 193,800 | 1,396 | $139 | 1990 | 1/22/2008 |
| 9113 BITHLO LN | 147,400 | 1,416 | $104 | 1990 | 1/10/2008 |
| 1611 FLINT RIDGE LN | 155,000 | 1,031 | $150 | 1987 | 1/7/2008 |
| 8604 OAK FOREST TRL | 199,500 | 1,284 | $155 | 1990 | 12/28/2007 |
| 8653 OAK FOREST TRL | 200,800 | 1,473 | $136 | 1990 | 11/30/2007 |
| 1817 BRIDGEMONT TRL | 196,000 | 1,288 | $152 | 1989 | 11/2/2007 |
| 8340 CHICKASAW TRL | 180,000 | 1,348 | $134 | 1991 | 10/31/2007 |
| 2308 TUSCAVILLA RD | 225,000 | 1,568 | $143 | 1988 | 10/24/2007 |
| 8235 HUNTERS RIDGE TRL | 194,100 | 1,442 | $135 | 1992 | 10/1/2007 |
| 1701 INDIAN TOWN LN | 197,000 | 1,373 | $143 | 1990 | 9/28/2007 |
| 2358 TUSCAVILLA RD | 208,000 | 1,435 | $145 | 1991 | 9/21/2007 |
| 8109 HOLLY RIDGE TRL | 184,500 | 1,187 | $155 | 1993 | 8/31/2007 |
| 8256 HUNTERS RIDGE TRL | 191,500 | 1,524 | $126 | 1991 | 8/24/2007 |
| 9105 HICKORY NUT HL | 200,000 | 1,420 | $141 | 1992 | 8/10/2007 |
| 9113 BIRCH RUN LN | 211,200 | 1,609 | $131 | 1989 | 8/10/2007 |
| 1709 GREENRIDGE TRL | 190,000 | 1,410 | $135 | 1991 | 7/31/2007 |
| 9108 BIRCH RUN LN | 213,000 | 1,378 | $155 | 1990 | 7/27/2007 |
| 1813 BRIDGEMONT TRL | 200,000 | 1,238 | $162 | 1989 | 6/29/2007 |
| 8629 OAK FOREST TRL | 162,000 | 1,458 | $111 | 1998 | 6/28/2007 |
| 2383 TUSCAVILLA RD | 221,000 | 1,108 | $199 | 1992 | 6/27/2007 |
| 8312 CHICKASAW TRL | 162,600 | 1,737 | $94 | 1995 | 6/27/2007 |
| 2289 TUSCAVILLA RD | 190,000 | 1,164 | $163 | 1985 | 6/22/2007 |
| 8353 HUNTERS RIDGE TRL | 206,000 | 1,458 | $141 | 1994 | 6/22/2007 |
| 8814 MINNOW CREEK DR | 235,400 | 1,638 | $144 | 1994 | 6/14/2007 |
| 8316 CHICKASAW TRL | 171,000 | 1,737 | $98 | 1995 | 6/14/2007 |
| 1721 INDIAN TOWN LN | 191,300 | 1,213 | $158 | 1990 | 6/12/2007 |
| 1811 FOLKSTONE RD | 194,500 | 1,408 | $138 | 1991 | 6/8/2007 |
| 8632 OAK FOREST TRL | 204,500 | 1,533 | $133 | 1994 | 5/21/2007 |
| 8825 MINNOW CREEK DR | 187,900 | 1,124 | $167 | 1987 | 5/4/2007 |
| 1776 FOLKSTONE RD | 201,000 | 1,382 | $145 | 2000 | 5/3/2007 |
| 2249 TUSCAVILLA RD | 190,000 | 1,587 | $120 | 1990 | 4/27/2007 |
| 8382 CHICKASAW TRL | 190,000 | 1,454 | $131 | 1990 | 4/11/2007 |
| 2354 TUSCAVILLA RD | 122,000 | 1,322 | $92 | 1994 | 4/6/2007 |
| 2368 TUSCAVILLA RD | 116,000 | 1,450 | $80 | 1995 | 4/6/2007 |
| 1891 FOLKSTONE RD | 166,700 | 1,436 | $116 | 1993 | 3/29/2007 |
| 1735 FOLKSTONE RD | 212,500 | 1,405 | $151 | 1991 | 3/16/2007 |
| 8807 MINNOW CREEK DR | 189,900 | 1,308 | $145 | 1988 | 3/5/2007 |
| 8213 BRIDGE WATER TRL | 236,500 | 1,680 | $141 | 1995 | 2/28/2007 |
| 1887 FOLKSTONE RD | 202,100 | 1,382 | $146 | 1995 | 2/23/2007 |
| 8810 MINNOW CREEK DR | 153,000 | 1,638 | $93 | 1994 | 2/20/2007 |
| 8794 MINNOW CREEK DR | 199,900 | 1,245 | $161 | 1991 | 1/5/2007 |
| 1792 FOLKSTONE RD | 213,000 | 1,648 | $129 | 1988 | 1/4/2007 |
| 1853 BRIDGEMONT TRL | 190,000 | 1,272 | $149 | 1990 | 11/30/2006 |
| 8219 HUNTERS RIDGE TRL | 185,500 | 1,264 | $147 | 1994 | 11/15/2006 |
| 8225 BRIDGE WATER TRL | 242,600 | 1,780 | $136 | 1986 | 11/13/2006 |
| 8747 MINNOW CREEK DR | 185,000 | 926 | $200 | 1991 | 11/10/2006 |
| 8227 HUNTERS RIDGE TRL | 195,000 | 1,404 | $139 | 1993 | 11/6/2006 |
| 8371 CHICKASAW TRL | 195,000 | 1,358 | $144 | 1996 | 11/3/2006 |
| 8315 CHICKASAW TRL | 180,000 | 1,332 | $135 | 1991 | 10/18/2006 |
| 8728 MINNOW CREEK DR | 193,500 | 1,430 | $135 | 2001 | 8/28/2006 |
| 1772 FOLKSTONE RD | 207,000 | 1,313 | $158 | 2000 | 8/7/2006 |
| 1742 FOLKSTONE RD | 191,400 | 1,255 | $153 | 1992 | 8/3/2006 |
| 1705 INDIAN TOWN LN | 187,500 | 1,257 | $149 | 1990 | 7/28/2006 |
| 8232 BRIDGE WATER TRL | 172,000 | 1,060 | $162 | 1985 | 7/13/2006 |
| 8228 CHICKASAW TRL | 228,000 | 1,460 | $156 | 2004 | 6/30/2006 |
| 1855 FOLKSTONE RD | 203,500 | 1,513 | $135 | 1992 | 6/19/2006 |
| 8263 CHICKASAW TRL | 185,000 | 1,269 | $146 | 1994 | 6/12/2006 |
| 1816 BRIDGEMONT TRL | 173,000 | 1,174 | $147 | 1986 | 6/1/2006 |
| 8338 HUNTERS RIDGE TRL | 177,000 | 1,232 | $144 | 1992 | 6/1/2006 |
| 8360 CHICKASAW TRL | 182,000 | 1,524 | $119 | 1988 | 6/1/2006 |
| 8735 MINNOW CREEK DR | 192,500 | 1,300 | $148 | 1991 | 5/31/2006 |
| 2276 TUSCAVILLA RD | 259,000 | 2,053 | $126 | 1986 | 5/31/2006 |
| 2205 WOOD DUCK WAY | 199,900 | 1,324 | $151 | 1990 | 5/25/2006 |
| 1749 BROKEN BOW TRL | 194,000 | 1,234 | $157 | 1991 | 5/15/2006 |
| 8121 HOLLY RIDGE TRL | 190,000 | 1,565 | $121 | 1986 | 5/5/2006 |
| 8743 MINNOW CREEK DR | 141,000 | 1,196 | $118 | 1985 | 5/1/2006 |
| 2309 TUSCAVILLA RD | 189,000 | 1,332 | $142 | 1994 | 4/11/2006 |
| 1849 BRIDGEMONT TRL | 189,900 | 1,433 | $133 | 1986 | 4/11/2006 |
| 8831 MINNOW CREEK DR | 194,900 | 1,404 | $139 | 1986 | 4/6/2006 |
| 8320 CHICKASAW TRL | 199,000 | 1,523 | $131 | 1992 | 4/6/2006 |
| 8376 CHICKASAW TRL | 205,100 | 1,841 | $111 | 1990 | 3/31/2006 |
| 2001 ACORN RIDGE TRL | 195,000 | 1,290 | $151 | 1990 | 3/29/2006 |
| 1748 FOLKSTONE RD | 197,000 | 1,343 | $147 | 1991 | 3/17/2006 |
| 8320 CHICKASAW TRL | 171,600 | 1,523 | $113 | 1992 | 3/17/2006 |
| 2208 TUSCAVILLA RD | 216,000 | 1,527 | $141 | 1991 | 3/15/2006 |
| 2308 TUSCAVILLA RD | 222,500 | 1,568 | $142 | 1988 | 2/28/2006 |
| 8117 HOLLY RIDGE TRL | 205,000 | 1,568 | $131 | 1988 | 2/24/2006 |
| 1717 BROKEN BOW TRAIL | 197,000 | 1,505 | $131 | 1992 | 2/22/2006 |
| 8713 MINNOW CREEK DR | 179,900 | 1,206 | $149 | 1989 | 1/31/2006 |
| 1784 BROKEN BOW TRL | 171,900 | 1,207 | $142 | 1985 | 1/30/2006 |
| 2237 TUSCAVILLA RD | 192,500 | 1,433 | $134 | 1990 | 1/20/2006 |
| 2301 TUSCAVILLA RD | 172,500 | 1,284 | $134 | 1989 | 1/13/2006 |
Discussion
I agree Jim, that's why we should expect it to take some time to recover from all the great "up market time" that we had.
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