Meadowbrook Home Sales Report February 2016

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If you head out Mahan Drive on the east side, just short of Capital Circle, you’ll find the Meadowbrook neighborhood.

Loaded with 3 and 4 bedroom homes near the median price point for single family homes, Meadowbrook got off to a very fast start last year.

 Of the 11 homes sold last year in this popular NE Tallahassee neighborhood, 9 were closed before the end of the first quarter.

As of this writing, there have been two homes sold and closed in Meadowbrook, and there are four currently on the market (with two already under contract).

Homes that are priced correctly in Meadowbrook are in high demand and sell right away, so if you find one you like and you know it’s a good value, don’t let it slip away to another buyer.

Both families and investors alike should consider Meadowbrook an excellent opportunity, as its eastern/central location will only continue to grow in demand as Tallahassee expands outwards.

In this report, we will look at home price trends, home value trends, and home size trends in Meadowbrook, as well as show current listings in the Tallahassee MLS and all closed home sales going back to 1991.

For each of the three real estate graphs found below, 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 the third week of February in 2016. 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 Meadowbrook).

Meadowbrook Home Prices

Average home prices in Meadowbrook this year remain below $150,000, but don’t expect this to be the case by year’s end. The average recorded sales price is $139,500 now, and I suspect it will be well above $160K before the end of the year.

Average Home Price

The pace of sales has risen in the past two years, though we are still far below the levels seen in the 1990s. Eleven homes sold and closed in 2015, and two have closed so far in 2016.

Meadowbrook Home Values

Average home values in Meadowbrook are still crazy-low.

One might mistakenly believe that many of these sales have been distressed situations (short sales, foreclosures, bank owned properties), but this is not the case. The two sales this year were both “arms length” home sales, so these values are just insanely low.

Average Home Value

Through the third week of February, the average value of a home sold in Meadowbrook was been $89 per square foot, and that is a value that certainly cannot be matched by a home builder. If this is an area that you like and you get an opportunity to purchase a home for less than $100 per square foot, you better jump all over it. You’ll feel like a genius when these are selling for $150 per foot in a few years.

Where is the Tallahassee market headed?

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Meadowbrook Home Sizes

The average home size sold in Meadowbrook typically falls in a range of 1,550 to 1,850 square feet, and the smaller homes continue to be the popular ones with buyers.

Average Home Size

Thus far in 2016, the average size of the 2 homes sold has been 1,566 square feet.

Homes For Sale In Meadowbrook

The following list of homes are the most recent listings in Meadowbrook. If there is nothing there, it means there are no active listings in Meadowbrook as of this time (remember, we update our listings 96 times per day, so this is as current as you can possibly find).

Meadowbrook

Meadowbrook

1 Property
2505 Bluebell Place
Tallahassee, FL, 32308
Beds3Baths3MLS#402454

Meadowbrook Home Sales

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

Home Sales in Meadowbrook

AddressPricePrice / SQFClosing DateYear BuiltSQFSale Type
761 Lupine Ln$285,000$1902026-09-1119831,503Resale
724 Red Fern Rd$314,000$2192026-08-2019841,434Resale
799 Violet St$280,000$1402026-08-1919841,994Resale
2430 Beautyberry Ct$365,000$2062026-07-2819961,776Resale
714 Riggins Rd$385,000$2012026-06-0519891,912Resale
751 Violet St$370,000$1822026-05-1819912,028Resale
767 Violet St$310,000$1992026-02-0419921,556Resale
714 Riggins Rd$240,000$1262025-12-1019891,912Resale
701 Lupine Ln$365,000$2082025-11-2519851,758Resale
2307 Aster Way$330,000$1952025-11-2519841,688Resale
771 Lupine Ln$325,000$1802025-11-0419841,808Resale
708 Red Fern Rd$280,000$1592025-08-2519891,757Resale
2419 Basswood Ln$325,000$1672025-07-2819951,950Resale
696 Lupine Ln$345,000$2152025-07-1719881,602Resale
738 Riggins Rd$295,000$1842025-06-2019821,607Resale
772 Lupine Ln$302,500$2032025-05-3019841,491Resale
791 Violet St$300,000$2002025-04-1119841,502Resale
763 Violet St$315,000$2182024-12-1819911,442Resale
672 Riggins Rd$350,000$1732024-12-0619892,024Resale
721 Lupine Ln$335,000$2202024-10-1019861,521Resale
681 Lupine Lane$365,000$2352024-08-1619891,554Resale
762 Lupine Ln$370,000$1712024-08-1419832,168Resale
728 Red Fern Rd$310,000$2052024-07-1519841,511Resale
701 Lupine Ln$349,000$1992024-06-2719851,758Resale
711 Lupine Ln$290,000$1572024-05-3119851,848Resale
2308 Aster Way$332,500$1532024-05-1419842,172Resale
727 Violet St$337,500$2232024-04-2419861,513Resale
751 Lupine Ln$341,000$1912024-04-2319831,790Resale
867 Violet St$282,000$1822024-01-1119941,553Resale
2416 Wintergreen Rd$300,000$1852023-11-2019821,620Resale
748 Violet St$353,000$2012023-11-1519891,755Resale
743 Red Fern Rd$345,000$1952023-09-1519851,772Resale
664 Riggins Rd$290,000$1682023-08-2519881,725Resale
680 Lupine Ln$340,000$1822023-08-1819881,869Resale
715 Red Fern Rd$312,000$1572023-08-0219891,981Resale
681 Lupine Lane$366,000$2362023-05-1619891,554Resale
740 Violet St$265,000$1782023-05-0519861,490Resale
2434 Buttonbush Ct$350,000$1742023-02-2419942,012Resale
728 Lupine Ln$324,000$1912023-02-1319851,694Resale
866 Violet St$360,000$1942023-01-1019951,855Resale
743 Violet St$255,000$1772022-12-1519911,440Resale
2414 Beautyberry Ct$317,500$2042022-12-0219941,553Resale
2424 Basswood Ln$280,000$1582022-11-1819951,767Resale
685 Lupine Ln$333,000$1802022-11-0419901,845Resale
716 Violet St$325,000$1792022-10-1219861,818Resale
751 Red Fern Rd$270,000$1832022-08-0519951,474Resale
740 Red Fern Rd$310,000$1992022-07-0119841,556Resale
776 Lupine Ln$243,000$1692022-01-1919841,438Resale
771 Lupine Ln$297,500$1652021-12-2719841,808Resale
761 Lupine Ln$237,000$1582021-12-0619831,503Resale
732 Lupine Ln$280,000$1882021-10-0119851,488Resale
772 Lupine Ln$265,000$1782021-08-1319841,491Resale
2421 Wintergreen Rd$273,000$1762021-07-2619841,553Resale
688 Lupine Ln$265,000$1532021-06-3019901,731Resale
2300 Aster Way$210,000$1322021-06-1019831,595Resale
2504 Bluebell Pl$260,000$1342021-05-2719831,936Resale
689 Riggins Rd$290,000$1702021-04-1619881,706Resale
712 Lupine Ln$262,000$1732021-02-1919851,512Resale
710 Riggins Rd$336,000$1432021-02-0819882,354Resale
709 Riggins Rd$150,000$762020-11-3019881,978Resale
740 Red Fern Rd$257,500$1652020-11-1619841,556Resale
2422 Beautyberry Ct$280,000$1462020-10-0119961,913Resale
2408 Wintergreen Rd$229,000$1412020-08-0719821,620Resale
2414 Beautyberry Ct$242,500$1562020-07-2119941,553Resale
762 Lupine Ln$235,000$1082020-07-1519832,168Resale
2438 Buttonbush Ct$261,000$1362020-06-0519941,918Resale
866 Violet St$289,000$1562020-05-2919951,855Resale
2388 Wintergreen Rd$230,000$1582020-05-2719841,452Resale
2437 Beautyberry Ct$273,900$1292020-04-1719962,128Resale
741 Lupine Ln$215,000$1382020-03-3019831,557Resale
738 Riggins Rd$230,000$1432020-03-0619821,607Resale
2403 Wintergreen Rd$245,000$1252020-03-0619831,960Resale
2416 Formosa Dr$269,900$1282019-05-2820062,102Resale
2423 Buttonbush Ct$241,000$1272019-05-2819951,892Resale
2417 Beautyberry Ct$245,000$1292019-05-0119951,895Resale
2440 Basswood Ln$245,000$1262019-03-1119961,950Resale
729 Lupine Ln$197,000$952019-01-2519872,080Resale
2509 Bluebell Pl$225,000$1212019-01-1819871,856Resale
715 Red Fern Rd$235,000$1192018-12-0319891,981Resale
727 Violet St$198,000$1312018-11-2119861,513Resale
863 Violet St$216,000$1372018-09-2819941,578Resale
740 Violet St$192,500$1292018-09-2719861,490Resale
727 Red Fern Rd$183,000$1262018-09-0719851,458Resale
831 Violet St$209,000$1152018-09-0419961,816Resale
722 Riggins Rd$215,000$1352018-07-1819881,598Resale
2403 Wintergreen Rd$235,000$1202018-07-1819831,960Resale
2435 Basswood Ln$240,000$1122018-07-0619962,135Resale
712 Lupine Ln$200,000$1322018-06-1519851,512Resale
751 Red Fern Rd$205,000$1392018-05-2519951,474Resale
704 Red Fern Rd$219,500$1122018-05-2419881,968Resale
738 Riggins Rd$199,500$1242018-05-1119821,607Resale
2439 Buttonbush Ct$205,000$1322018-04-0219941,553Resale
721 Lupine Ln$220,000$1452018-03-2819861,521Resale
728 Lupine Ln$205,000$1212018-03-1619851,694Resale
2396 Wintergreen Rd$173,000$1242018-02-2219821,392Resale
762 Lupine Ln$215,000$992017-11-3019832,168Resale
875 Violet St$210,000$1292017-09-2219941,623Resale
680 Lupine Ln$197,800$1062017-09-2019881,869Resale
737 Lupine Ln$215,000$1232017-08-1119871,743Resale
768 Lupine Ln$222,500$1172017-07-2819831,898Resale

I hope you enjoyed our February 2016 update on home sales in Meadowbrook, please feel free to drop me a note if you have questions not covered in this report.

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