Lafayette Oaks Real Estate Report October 2015

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We have a wonderful listing that is truly a great bargain in Lafayette Oaks, so today’s post will update the housing report for this popular NE Tallahassee neighborhood.

Tallahassee’s first gated community offers large homes, mature landscaping, and excellent access to Tallahassee via Mahan Drive East. The past few years have seen great changes for Mahan Drive, and I expect the better access will soon have a very positive impact on home values in Lafayette Oaks.

There are a wide array of opportunities for home buyers as most homes were built forty years ago. This means they are in a varied array of updating, so the prudent buyer should understand the value structure in order to purchase safely.

In this article, we will look at long term home price trends, value trends, and size trends of homes sold in Lafayette Oaks, as well as show current listings in the Tallahassee MLS and all closed home sales going back to 1991.

For all of the graphs 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, but through mid October in 2015. 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 the Lafayette Oaks).

Lafayette Oaks Average Home Prices

Average home prices have fallen 4% in 2015 versus 2014, and current prices are now 29% below the peak recorded in 2008. With the road work on Mahan being completed this year, we suspect this trend to reverse. The average recorded sales price has been $255,700 for Lafayette Oaks in 2015.

Average Home Price

Home sales activity last year was hot, so the fact that fewer sales are happening this year is not really a big surprise. The current 8 closed home sales are likely all we will see in 2015.

Lafayette Oaks Average Home Values

Average home values in Lafayette Oaks have fallen 12% in 2015 when compared to 2014, mostly due to the fact that larger homes are selling and also two very low-valued sales occurred several months ago. Smart buyers understand that sub $100 per square foot values will not be the norm in the future.

Average Home Value

In 2015, the average value of a home sold in Lafayette Oaks has been $96 per square foot. This is down about 26% from the market high set back in 2006 and up 10% over the bottom of the market. There are currently 5 homes for sale in Lafayette Oaks, priced from $90 per square foot to as high as $126 per square foot (including this best-buy).

Where is the Tallahassee market headed?

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

Lafayette Oaks Average Home Sizes

The average home size sold in Lafayette Oaks typically falls in a range of 2,300 to 2,700 square feet, and buyers this year are selecting homes at the very top of this range.

Average Home Size

The 8 home sales in 2015 have averaged 2,666 square feet.

Homes For Sale In Lafayette Oaks

The following map and list of homes are the most recent listings in Lafayette Oaks. This list is updated every 15 minutes, so you can be assured that this page will always bring you the most up-to-date listings and sales that can be found for Lafayette Oaks (bookmark this page if this is an area that you want to track).

Lafayette Oaks

Lafayette Oaks

1 Property
2056 Champagne Drive
Tallahassee, FL, 32308
Beds4Baths3MLS#402025

Lafayette Oaks Home Sales

The following list shows home sales going back to 1991 in Lafayette Oaks.

Home Sales in Lafayette Oaks

AddressPricePrice / SQFClosing DateYear BuiltSQFSale Type
5150 Ile De France Dr$340,000$1452026-08-1919732,341Resale
2505 Napoleon Bonaparte Dr$415,000$2072026-08-0719852,004Resale
2400 Napoleon Bonaparte Dr$540,000$1572026-08-0719843,440Resale
2303 Napoleon Bonaparte Dr$395,000$1672026-05-0119852,365Resale
5325 Touraine Dr$525,000$1882026-04-1319782,790Resale
2211 Bourgogne Dr$481,000$2322026-03-2519792,069Resale
2134 La Rochelle Dr$485,000$1922025-10-1719862,525Resale
2308 Napoleon Bonaparte Dr$650,000$2512025-09-2620222,592Resale
2712 Debussy Ct$555,000$2472025-09-1620182,244Resale
2304 Orleans Dr$519,000$2212025-07-1619802,351Resale
5700 Verlaine Ct$521,500$1822025-07-1119822,873Resale
2316 Monaco Dr$510,000$1752025-06-2519862,911Resale
5107 Touraine Dr$425,000$1802025-04-2319752,360Resale
2325 Bourgogne Dr$439,000$1862025-04-1619772,354Resale
5505 Touraine Dr$460,000$1892025-04-1119742,430Resale
2359 Tour Eiffel Dr$525,000$2402025-03-2019772,190Resale
5141 Ile De France Dr$560,000$1932025-03-1420052,895Resale
2304 Tour Eiffel Dr$450,000$2052025-02-2419792,200Resale
2504 Napoleon Bonaparte Dr$549,000$1892024-12-2319822,900Resale
2316 Monaco Dr$440,000$1512024-11-2619862,911Resale
2135 Orleans Dr$635,700$2022024-11-1519803,153Resale
2709 Victor Hugo Dr$485,000$1352024-10-0919743,587Resale
2002 Versailles Ct$369,000$1622024-07-2819732,278Resale
5411 Touraine Dr$460,000$1852024-07-0919782,492Resale
2325 Tour Eiffel Drive$435,000$2052024-07-0319782,118Resale
2140 Orleans Dr$500,000$1882024-06-2719782,662Resale
2123 Orleans Dr$659,000$1522024-06-1419884,324Resale
2212 Napoleon Bonaparte Dr$429,000$1902024-06-1419782,256Resale
2130 La Rochelle Dr$670,000$1752024-06-0619933,828Resale
2336 Bourgogne Dr$495,000$1892024-05-1019772,624Resale
5117 Touraine Dr$421,600$1872024-04-1919792,250Resale
2604 Napoleon Bonaparte Dr$543,000$1892024-04-1219812,879Resale
2207 Monaco Dr$452,000$1912024-03-1319892,361Resale
2441 Monaco Dr$466,500$2062024-03-1119782,270Resale
2604 Napoleon Bonaparte Dr$450,000$1562024-02-2919812,879Resale
2225 Napoleon Bonaparte Dr$530,000$2162023-11-3019812,451Resale
2401 Monaco Dr$479,900$1822023-09-2019772,638Resale
2143 Orleans Dr$520,000$1942023-08-3119792,683Resale
5428 Touraine Dr$440,000$1822023-05-1819862,422Resale
5132 Ile De France Dr$430,000$1722023-05-1619742,501Resale
5305 Touraine Dr$649,900$2612023-04-2720122,488Resale
2331 Tour Eiffel Dr$464,000$1722023-03-0819782,695Resale
2504 Napoleon Bonaparte Dr$549,000$1892023-01-3019822,900Resale
2208 Orleans Dr$310,000$1612023-01-1319781,923Resale
2055 Champagne Dr$480,000$2142023-01-0619742,242Resale
2324 Bourgogne Dr$445,000$1992022-12-1519832,239Resale
5504 Touraine Dr$397,000$1522022-12-0219722,608Resale
2303 Bourgogne Dr$435,000$1252022-11-1819823,470Resale
2308 Napoleon Bonaparte Dr$651,000$2512022-08-0220222,592New
5103 Touraine Dr$430,000$1852022-08-0119752,324Resale
5309 Touraine Dr$500,000$2272022-07-0119822,204Resale
5128 Ile De France Dr$466,600$1692022-06-1719752,754Resale
2304 Orleans Dr$475,000$2022022-06-1519802,351Resale
2123 Orleans Dr$362,000$842022-06-1419884,324Resale
2055 Champagne Dr$495,000$2212022-06-0619742,242Resale
5700 Verlaine Ct$495,000$1722022-05-2519822,873Resale
2312 Orleans Dr$482,500$2152022-05-2419812,242Resale
2708 Victor Hugo Dr$525,000$1632022-04-2019753,222Resale
2100 Orleans Drive$479,000$1822022-03-1719792,639Resale
2220 Monaco Dr$575,000$2262022-01-1420222,539New
2332 Bourgogne Dr$481,000$1852021-12-2919832,593Resale
2105 Napoleon Bonaparte Dr$530,700$1792021-12-1519802,970Resale
2207 Monaco Dr$376,500$1592021-12-0219892,361Resale
2113 La Rochelle Dr$408,000$1672021-11-3019802,450Resale
5161 Ile De France Dr$460,000$1632021-10-1819792,825Resale
2225 Napoleon Bonaparte Dr$345,000$1412021-08-1019812,451Resale
2213 Bourgogne Dr$485,000$2072021-07-3020022,338Resale
2320 Monaco Dr$337,500$1292021-07-2819802,610Resale
2304 Tour Eiffel Dr$369,000$1682021-06-3019792,200Resale
2224 Napoleon Bonaparte Dr$440,000$1732021-06-1019792,540Resale
2323 Napoleon Bonaparte Dr$389,500$1602021-05-2019772,436Resale
2301 Napoleon Bonaparte Dr$407,000$1542021-05-1219862,645Resale
2608 Napoleon Bonaparte Dr$481,000$1982021-05-0719862,435Resale
2113 Orleans Dr$465,000$1562021-04-2019932,984Resale
5505 Touraine Dr$385,000$1582021-04-0219742,430Resale
5112 Ile De France Dr$390,000$1482021-03-2919722,634Resale
2332 Bourgogne Dr$399,900$1542021-01-2819832,593Resale
5416 Touraine Dr$356,000$1372020-12-2819882,608Resale
5108 Ile De France Dr$385,500$1442020-11-1319742,678Resale
5407 Touraine Dr$385,000$1182020-10-2319783,274Resale
2604 Napoleon Bonaparte Dr$396,500$1382020-09-3019812,879Resale
5505 Touraine Dr$232,000$952020-09-2819742,430Resale
2328 Napoleon Bonaparte Dr$349,900$1282020-09-1119802,738Resale
2417 Monaco Dr$360,000$1692020-08-3119812,126Resale
2316 Napoleon Bonaparte Dr$325,000$1292020-07-2019812,527Resale
2316 Tour Eiffel Dr$355,000$1352020-07-1519842,634Resale
5111 Ile De France Drive$354,360$1322020-07-1419732,688Resale
2412 Napoleon Bonaparte Dr$425,000$1522020-05-2919762,804Resale
2103 Orleans Dr$330,000$1392020-05-2819762,380Resale
2217 Monaco Dr$320,000$1472020-04-2419792,179Resale
2205 Napoleon Bonaparte Dr$360,000$1122020-04-1719823,214Resale
2300 Napoleon Bonaparte Dr$375,000$1392020-03-3019922,690Resale
5145 Ile De France Dr$384,900$952020-01-3119724,070Resale
2353 Tour Eiffel Dr$447,000$1522019-12-1319802,943Resale
2312 Tour Eiffel Dr$300,000$1032019-11-1919872,924Resale
2336 Tour Eiffel Dr$235,000$1082019-09-2619782,181Resale
5004 Touraine Dr$325,000$1252019-07-3119742,590Resale
2113 La Rochelle Dr$327,000$1332019-07-1219802,450Resale
2309 Orleans Dr$270,000$1112019-06-2819782,429Resale
2315 Monaco Dr$423,000$1542019-06-2119852,753Resale

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

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