# Observation Pointe Home Sales Report December 2015

This will likely be one of the last reports on Observation Pointe, as it is a smaller neighborhood that will not be among the most active in the Tallahassee real estate market (but the graphs and tables will be updated continuously).

With it being a relatively new neighborhood in the 32317 zip code, it has seen enough sales to make our top-30 list as homes were coming out of the ground, but in the future, we'll expect perhaps 3 to 5 home sales each year.

Why? Because there are only 51 homes in Observation Pointe.

Like other boom neighborhoods that were born during the real estate market expansion, Observation Pointe's existing owners might end up all needing to move at roughly the same time due to normal ownership cycles. This pent-up supply effect is something that we'll keep an eye on for the next several years.

In this report, we will look at average home prices, average home values, and average home sizes in Observation Pointe, as well as show current listings in the Tallahassee MLS and all closed home sales going back to 2007.

For each of the 3 real estate graphs found 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 sales are through December for all previous years, but through November in 2015.

### Home Prices In Observation Pointe

Only three homes have sold thus far in 2015, but I suspect looking back, this will be a typical year for home sales in Observation Pointe. Average home prices rose 5% last year but have regressed 2% this year (2 out of the 3 sales this year were resales).

#### var sicmChartOptions103 = {"title": "Observation Pointe Home Sales","seriesTitle": "Average Home Prices","seriesValuePrefix": "\$","seriesLabel": "\${value: ,.0f}","saleInterval": ["2007","2008","2009","2010","2011","2012","2013","2014","2015","2016","2017","2018","2019","2020","2021","2022","2023"],"unitSale": [5,8,11,8,5,8,9,13,3,4,10,5,3,3,5,2,1],"avgValue": [225340,246188,208636,209950,198740,220312,222244,234192,229633,232112,239600,260800,294167,282333,293460,341250,359000]};

There have been 3 closed home sales in Observation Pointe through November 2015, and the prices were \$274K (new) and \$205K and 210K (resale). Obviously, existing home sellers are not receiving the same prices as are the brand new homes.

### Home Values In Observation Pointe

Average home values in Observation Pointe grew nearly 7% in 2014 but have given it all back and more this year (again, 2 of 3 homes sold were resales).

#### var sicmChartOptions104 = {"title": "Observation Pointe Home Sales","seriesTitle": "Average Home Values","seriesValuePrefix": "\$","seriesLabel": "\${value: ,.0f}","saleInterval": ["2007","2008","2009","2010","2011","2012","2013","2014","2015","2016","2017","2018","2019","2020","2021","2022","2023"],"unitSale": [5,8,11,8,5,8,9,13,3,4,10,5,3,3,5,2,1],"avgValue": [120,136,132,126,119,127,129,136,128,139,144,154,151,160,180,198,205]};

Observation Pointe homeowners have been paying a premium for the luxury of living in new homes, but they cannot extend that luxury to the following buyers. This is now a used-home community and owners need to plan on staying for more than 5 years or so if they want to gain an equity position before they sell.

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### Home Sizes In Observation Pointe

The average home size sold in Observation Pointe typically falls in a range of 1,550 to 1,850 square feet, and this year's home sales were near the top of this range.

#### var sicmChartOptions105 = {"title": "Observation Pointe Home Sales","seriesTitle": "Average Home Sizes","seriesValuePrefix": "Sqft","seriesLabel": "{value: ,.0f}Sqft","saleInterval": ["2007","2008","2009","2010","2011","2012","2013","2014","2015","2016","2017","2018","2019","2020","2021","2022","2023"],"unitSale": [5,8,11,8,5,8,9,13,3,4,10,5,3,3,5,2,1],"avgValue": [1891,1811,1595,1683,1703,1738,1731,1721,1809,1667,1660,1684,1995,1777,1629,1747,1753]};

The 3 homes sold in 2015 averaged 1,809 square feet.

### Homes For Sale In Observation Pointe

The following map and list of homes are the current listings in Observation Pointe. If no listings appear, it simply means that there are no current listings in Observation Pointe in the Tallahassee MLS. We update this list of homes 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 Observation Pointe (bookmark this page if this is a neighborhood that you want to track).

## Observation Pointe

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### Home Sales In Observation Pointe

The following list shows home sales going back to the first sales in 2007 in Observation Pointe. Note that you can sort the information by any column (for example, click on the closing date to see the most recent home sales first).

AddressPricePrice/SQFClosing DateYear BuiltSQFSale Type
6173 Observation Circle\$359,000\$2052023-02-0820101,753Resale
6158 Observation Circle\$320,000\$2132022-10-0420091,504Resale
6114 Observation Circle\$362,500\$1822022-09-0720081,990Resale
6134 Observation Circle\$320,000\$1902021-11-2220121,684Resale
6154 Observation Circle\$299,000\$1892021-08-3120091,583Resale
6110 Observation Circle\$252,000\$1662021-05-1420091,516Resale
6157 Observation Circle\$305,000\$1822021-04-2620141,679Resale
6134 Observation Circle\$291,300\$1732021-01-1420121,684Resale
6177 Observation Circle\$310,000\$1582020-09-1420071,966Resale
6162 Observation Circle\$275,000\$1492020-07-3120071,848Resale
6206 Observation Circle\$262,000\$1732020-05-1820091,518Resale
6118 Observation Circle\$279,000\$1652019-09-2420131,694Resale
6122 Observation Circle\$328,500\$1272019-06-2820082,580Resale
6121 Observation Circle\$275,000\$1612019-03-2920101,711Resale
6126 Observation Circle\$275,000\$1622018-12-1920131,694Resale
6133 Observation Circle\$296,000\$1592018-08-0220131,857Resale
6130 Observation Circle\$230,000\$1502018-01-3120091,534Resale
6089 Observation Circle\$274,000\$1542018-01-3120121,782Resale
6178 Observation Circle\$229,000\$1472018-01-3120101,554Resale
6198 Observation Circle\$210,000\$1352017-08-1020091,554Resale
6065 Observation Circle\$222,500\$1462017-07-2420101,520Resale
6105 Observation Circle\$267,500\$1492017-06-2620071,800Resale
6145 Observation Circle\$217,000\$1402017-05-3120101,555Resale
6093 Observation Circle\$215,000\$1392017-05-1520091,552Resale
6181 Observation Circle\$254,000\$1562017-04-2120111,625Resale
6085 Observation Cir\$195,000\$1282017-04-2020091,518Resale
6073 Observation Circle\$275,000\$1502017-03-0920121,828Resale
6138 Observation Circle\$284,000\$1392017-03-0820082,038Resale
6186 Observation Circle\$256,000\$1592017-01-1820111,612Resale
6101 Observation Circle\$242,500\$1522016-08-0820131,600Resale
6210 Observation Circle\$279,000\$1392016-08-0120132,003Resale
6161 Observation Circle\$208,000\$1342016-07-2720091,550Resale
6110 Observation Circle\$198,950\$1312016-01-2520091,516Resale
6146 Observation Circle\$210,000\$1052015-09-3020071,998Resale
6206 Observation Circle\$205,000\$1332015-08-2620091,542Resale
6202 Observation Circle\$273,900\$1452015-05-2920151,888New
6134 Observation Cir\$234,000\$1392014-11-2120121,684Resale
6166 Observation Cir\$252,200\$1432014-09-3020141,760New
6129 Observation Cir\$249,900\$1422014-08-1520141,760New
6185 Observation Cir\$253,900\$1442014-07-3120141,760New
6117 Observation Cir\$243,900\$1472014-07-1820141,660New
6137 Observation Cir\$232,900\$1462014-07-1420141,600New
6194 Observation Cir\$239,900\$1462014-05-2020141,647New
6174 Observation Cir\$270,000\$1322014-05-0920142,050New
6157 Observation Cir\$235,900\$1422014-04-3020131,660New
6162 Observation Cir\$185,000\$1002014-03-1320071,848Resale
6149 Observation Cir\$232,900\$1272014-02-1920081,836New
6186 Observation Cir\$224,000\$1392014-02-1920111,612Resale
6158 Observation Cir\$190,000\$1262014-01-3020091,504Resale
6118 Observation Cir\$229,900\$1362013-12-1920131,694New
6158 Observation Cir\$214,500\$1432013-12-0320091,504Resale
6210 Observation Cir\$250,000\$1312013-11-1320131,915New
6101 Observation Cir\$224,900\$1422013-10-1820131,589New
6126 Observation Cir\$224,900\$1332013-09-2020131,694New
6182 Observation Cir\$200,000\$1052013-08-2220081,908Resale
6142 Observation Cir\$185,000\$1112013-07-2220081,661Resale
6150 Observation Cir\$235,000\$1332013-06-1420131,764New
6133 Observation Cir\$236,000\$1272013-04-0820131,857New
6125 Observation Cir\$234,900\$1262012-10-3120121,857New
6206 Observation Cir\$174,500\$1152012-08-1020091,518Resale
6134 Observation Cir\$223,500\$1332012-08-0920121,684New
6218 Observation Cir\$240,000\$1262012-08-0320121,905New
6165 Observation Cir\$214,900\$1322012-07-2320121,634New
6073 Observation Cir\$229,900\$1262012-06-2120121,828New
6061 Observation Cir\$219,900\$1292012-03-1420121,703New
6089 Observation Cir\$224,900\$1262012-03-0220121,782New
6193 Observation Cir\$138,300\$692011-07-1120112,000New
6181 Observation Cir\$219,000\$1352011-07-0820111,625New
6121 Observation Cir\$201,900\$1332011-07-0820101,520New
6186 Observation Cir\$217,500\$1352011-06-3020111,612New
6173 Observation Cir\$217,000\$1232011-03-0820101,758Resale
6178 Observation Cir\$199,900\$1312010-07-3020101,530New
6077 Observation Cir\$200,900\$1322010-07-3020101,520New
6153 Observation Cir\$222,900\$1272010-07-0920101,758New
6146 Observation Cir\$210,000\$1052010-05-2820071,998Resale
6065 Observation Cir\$202,000\$1332010-05-2820101,520New
6169 Observation Cir\$237,000\$1272010-04-0920091,867New
6189 Observation Cir\$207,000\$1182010-03-3120091,758New
6145 Observation Cir\$199,900\$1322010-03-0520091,516New
6109 Observation Cir\$204,000\$1352009-12-1120091,516New
6190 Observation Cir\$201,400\$1212009-12-0720081,670New
6158 Observation Cir\$207,000\$1382009-10-2620091,504Resale
6110 Observation Cir\$204,000\$1392009-10-0120091,471New
6130 Observation Cir\$211,000\$1392009-09-1120091,516New
6206 Observation Cir\$209,900\$1382009-08-0720091,518New
6161 Observation Cir\$199,900\$1322009-07-1720091,516New
6069 Observation Cir\$225,000\$1192009-06-3020081,894New
6093 Observation Cir\$206,400\$1362009-06-1120091,516New
6113 Observation Cir\$221,000\$1152009-04-1420071,918Resale
6198 Observation Cir\$205,400\$1352009-04-1420091,516New
6105 Observation Cir\$236,000\$1342008-11-0420071,761New
6081 Observation Cir\$215,000\$1322008-09-3020101,633New
6114 Observation Cir\$249,000\$1362008-09-0420081,826Resale
6097 Observation Cir\$245,900\$1402008-06-3020081,758New
6138 Observation Cir\$265,000\$1352008-06-2820081,958Resale
6182 Observation Cir\$240,000\$1262008-06-2320081,908New
6177 Observation Cir\$289,900\$1462008-05-3020071,986New
6142 Observation Cir\$228,700\$1382008-02-2920081,661New
6146 Observation Cir\$285,900\$1432007-08-3020071,998New
6141 Observation Cir\$259,900\$1482007-07-2620071,758New
6162 Observation Cir\$259,900\$1412007-04-1820071,848New
6138 Observation Cir\$171,000\$872007-03-2020081,958New
6102 Observation Cir\$150,000\$792007-03-1320071,894New

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