Search Listings

Luxury Home Market Has Much To Offer

Whether you call them luxury homes, estate homes, or high-end homes, the top of the Tallahassee real estate market leads the way when it comes to an oversupply of homes for sale in Tallahassee. Currently, there are 140 luxury homes for sale in Tallahassee, and last year sales of these high end homes finished with just 51 recorded in the Tallahassee MLS. At last year's rate of sales, the inventory of homes priced over $500,000 in Tallahassee is awash with 33 months of supply.

Luxury Homes For Sale In Tallahassee

Luxury Homes For Sale In Tallahassee Image

When we look at the graph of luxury homes for sale in Tallahassee, we see average asking prices that start from nearly $200 per square foot and run as high as $400 per square foot. One odd fact to note is that the average asking price for homes in the 2500 to 3000 square feet range is lower than homes in the 2000 to 2500 square foot range. Most of these homes are going to fail to sell, and many home sellers are asking "why is my home not selling?"

Why Your Luxury Home Is Not Selling

Annual Luxury Home Sales

The annual luxury homes sales graph below shows that buyers in the high-end of Tallahassee home prices are waiting for better deals. When we observe luxury home sales from 2003 to present, average prices are far below the $200 price per foot starting point that we see in the active list of high-end homes for sale.

Luxury Home Sales In Tallahassee Image

Ultimately, if you want to sell a luxury home in Tallahassee, you have a ton of competition and you need to set yourself apart. A proper competition review combined with a progressive internet marketing campaign can help optimize the conditions for selling a home in a market that is fighting a backlog of homes for sale.

Recent Luxury Home Sales In Tallahassee

 

Property AddressSales PriceOriginal Asking PriceSales Price RatioClosing Date
3010 Thomasville Road $950,000 $1,600,000 59% 3/10/2011
2019 Marne Court $775,000 $775,000 100% 2/28/2011
3198 Dunbar $525,000 $525,000 100% 2/25/2011
1232 Stonehurst Way $675,000 $699,000 97% 2/25/2011
3254 Belle Meade Trail $704,000 $725,000 97% 2/16/2011
12600 LAUREL HILL DR $615,000 $775,000 79% 2/16/2011
6288 Heartland Circle $650,000 $685,000 95% 1/31/2011
3166 Dunbar Lane $506,099 $500,000 101% 1/28/2011
3613 Mossy Creek Way $659,000 $659,000 100% 1/28/2011
1365 Constitution Circle $570,000 $675,000 84% 1/14/2011
1281 Penny Lane $710,000 $725,000 98% 1/6/2011
165 ROSEHILL DR WEST $835,000 $975,000 86% 12/29/2010
9805 Waters Meet Drive $549,000 $649,000 85% 12/16/2010
1334 Preakness Point $500,000 $575,000 87% 12/15/2010
7728 EVENING STAR LN $570,000 $600,000 95% 12/10/2010
1808 Ox Bottom Lane $740,000 $849,000 87% 12/10/2010
7131 Nesters Drive $570,000 $619,900 92% 11/18/2010
6378 Ox Bow Run $570,907 $539,900 106% 11/12/2010
1316 Live Oak Plantation Rd $555,000 $880,000 63% 11/12/2010
9015 WINGED FOOT DR $745,000 $782,500 95% 11/1/2010
3794 PINEY GROVE DR $550,000 $625,000 88% 10/28/2010
8914 Hickory woods Trail $560,000 $560,000 100% 10/4/2010
1014 Waverly Road $535,000 $540,000 99% 9/15/2010
3187 Dunbar $690,000 $690,000 100% 9/9/2010
9688 Deer Valley Drive $575,000 $595,000 97% 9/9/2010
2695 Miller Landing Road $700,000 $875,000 80% 9/3/2010
9268 White Blossom Way $650,000 $795,000 82% 8/31/2010
584 Frank Shaw Road $750,000 $1,800,000 42% 8/31/2010
5986 Colonel Scott Drive $549,000 $549,000 100% 8/6/2010
7465 Heartland Circle $950,000 $1,495,000 64% 7/30/2010
2610 Millstone Plantation Road $600,000 $600,000 100% 7/27/2010
3682 MOSSY CREEK Lane $785,000 $850,000 92% 7/22/2010
1781 Marston Place $525,000 $525,000 100% 7/20/2010
3793 Chanticleer Court $510,000 $525,000 97% 7/20/2010
3640 Mossy Creek $800,000 $925,000 86% 7/20/2010
5068 Centennial Oaks Circle $600,000 $615,000 98% 7/16/2010
6617 Lake Pisgah Drive $779,000 $1,145,000 68% 7/15/2010
1403 Rachel Lane $600,000 $729,900 82% 7/9/2010
3737 BOBBIN BROOK EAST $750,000 $949,000 79% 7/9/2010
121  N Monroe Penthouse 2 $500,000 $1,299,000 38% 7/7/2010
3027 Golden Eagle Drive East $760,000 $760,000 100% 7/1/2010
3233 PINEBROOK CT $670,000 $725,000 92% 7/1/2010
6537 HEARTLAND CIRCLE $830,000 $1,295,000 64% 6/29/2010
9030 SHOAL CREEK DR $625,000 $816,000 77% 6/15/2010
2047 CHIMNEY SWIFT HOLLOW $775,000 $825,000 94% 6/1/2010
2692 Breton Ridge Drive $550,000 $750,000 73% 6/1/2010
8089 Longmeadow Lane $537,500 $625,000 86% 5/28/2010
8499 CONGRESSIONAL DR $720,000 $735,000 98% 5/14/2010
3356 Charleston Road $682,000 $725,000 94% 5/14/2010
4536 Grove Park Drive $695,000 $699,500 99% 5/4/2010
9640 DEER VALLEY $750,000 $850,000 88% 5/3/2010
3631 Mossy Creek Lane $685,000 $695,000 99% 4/28/2010
2035 Chimney Swift Hollow $715,000 $725,000 99% 4/14/2010
974 Bellflower Court $500,000 $825,000 61% 4/13/2010
8018 Susan Bradford Lane $800,000 $875,000 91% 3/23/2010
2115  E Randolph Circle $700,000 $730,000 96% 3/16/2010
6036 HEARTLAND CIR $550,000 $850,000 65% 3/15/2010
3134 BARINGER HILL $551,200 $699,000 79% 3/8/2010
1385 White Star Ln $1,335,000 $1,900,000 70% 2/26/2010
548 HIGH OAKS COURT $680,000 $695,000 98% 2/12/2010
2450 Bass Bay Drive $550,000 $575,000 96% 1/28/2010
1235 SKIP WELLS COURT $668,000 $668,000 100% 1/20/2010

Post a Comment

Blog Navigation

Posts By Category

All Categories Advice: Real Estate (495) Blogging Real Estate (187) Distressed Property (32) Foreclosures (4) Glossary of Real Estate Terms (33) Government and Real Estate (31) Homes For Sale (156) Housing Market Conditions (1266) Housing Report (54) Lis Pendens (4) Main (1018) Mortgage / Finance (74) New Construction (19) Off Topic (87) Our Listings (3) Our Sales (7) Real Estate Market Snapshot (26) Real Estate Opinion (3) REALTOR News (11) Tallahassee (90) Tallahassee Neighborhoods (634) Uncategorized (50)

Posts By Month

Blog Roll

Luxury Homes For Sale New Construction Homes For Sale Homes For Sale With Swimming Pools Homes For Sale On Acreage Homes For Sale In Golden Eagle Plantation Homes For Sale In Killearn Lakes Plantation Homes For Sale In Killearn Estates Homes For Sale In Southwood Homes For Sale In Killearn Acres Homes For Sale In Summerbrooke Homes For Sale In Piney Z Homes For Sale In Bull Run Homes For Sale In Betton Homes For Sale In The Ox Bottom Area

Tag Cloud

Grab Our RSS Feed

Tallahassee Home Searches

Contact Us

Joe Manausa Real Estate
1934 Dellwood Drive
Tallahassee, FL 32303
(850) 366-8917