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).
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).
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.
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).
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).
|Address||Price||Price/SQF||Closing Date||Year Built||SQF||Sale Type|
|6121 Observation Circle||$275,000||$161||2019-03-29||2010||1,711||Resale|
|6126 Observation Circle||$275,000||$162||2018-12-19||2013||1,694||Resale|
|6133 Observation Circle||$296,000||$159||2018-08-02||2013||1,857||Resale|
|6130 Observation Circle||$230,000||$150||2018-01-31||2009||1,534||Resale|
|6089 Observation Circle||$274,000||$154||2018-01-31||2012||1,782||Resale|
|6178 Observation Circle||$229,000||$147||2018-01-31||2010||1,554||Resale|
|6198 Observation Circle||$210,000||$135||2017-08-10||2009||1,554||Resale|
|6065 Observation Circle||$222,500||$146||2017-07-24||2010||1,520||Resale|
|6105 Observation Circle||$267,500||$149||2017-06-26||2007||1,800||Resale|
|6145 Observation Circle||$217,000||$140||2017-05-31||2010||1,555||Resale|
|6093 Observation Circle||$215,000||$139||2017-05-15||2009||1,552||Resale|
|6181 Observation Circle||$254,000||$156||2017-04-21||2011||1,625||Resale|
|6085 Observation Cir||$195,000||$128||2017-04-20||2009||1,518||Resale|
|6073 Observation Circle||$275,000||$150||2017-03-09||2012||1,828||Resale|
|6138 Observation Circle||$284,000||$139||2017-03-08||2008||2,038||Resale|
|6186 Observation Circle||$256,000||$159||2017-01-18||2011||1,612||Resale|
|6101 Observation Circle||$242,500||$152||2016-08-08||2013||1,600||Resale|
|6210 Observation Circle||$279,000||$139||2016-08-01||2013||2,003||Resale|
|6161 Observation Circle||$208,000||$134||2016-07-27||2009||1,550||Resale|
|6110 Observation Circle||$198,950||$131||2016-01-25||2009||1,516||Resale|
|6146 Observation Circle||$210,000||$105||2015-09-30||2007||1,998||Resale|
|6206 Observation Circle||$205,000||$133||2015-08-26||2009||1,542||Resale|
|6202 Observation Circle||$273,900||$145||2015-05-29||2015||1,888||New|
|6134 Observation Cir||$234,000||$139||2014-11-21||2012||1,684||Resale|
|6166 Observation Cir||$252,200||$143||2014-09-30||2014||1,760||New|
|6129 Observation Cir||$249,900||$142||2014-08-15||2014||1,760||New|
|6185 Observation Cir||$253,900||$144||2014-07-31||2014||1,760||New|
|6117 Observation Cir||$243,900||$147||2014-07-18||2014||1,660||New|
|6137 Observation Cir||$232,900||$146||2014-07-14||2014||1,600||New|
|6194 Observation Cir||$239,900||$146||2014-05-20||2014||1,647||New|
|6174 Observation Cir||$270,000||$132||2014-05-09||2014||2,050||New|
|6157 Observation Cir||$235,900||$142||2014-04-30||2013||1,660||New|
|6162 Observation Cir||$185,000||$100||2014-03-13||2007||1,848||Resale|
|6149 Observation Cir||$232,900||$127||2014-02-19||2008||1,836||New|
|6186 Observation Cir||$224,000||$139||2014-02-19||2011||1,612||Resale|
|6158 Observation Cir||$190,000||$126||2014-01-30||2009||1,504||Resale|
|6118 Observation Cir||$229,900||$136||2013-12-19||2013||1,694||New|
|6158 Observation Cir||$214,500||$143||2013-12-03||2009||1,504||Resale|
|6210 Observation Cir||$250,000||$131||2013-11-13||2013||1,915||New|
|6101 Observation Cir||$224,900||$142||2013-10-18||2013||1,589||New|
|6126 Observation Cir||$224,900||$133||2013-09-20||2013||1,694||New|
|6182 Observation Cir||$200,000||$105||2013-08-22||2008||1,908||Resale|
|6142 Observation Cir||$185,000||$111||2013-07-22||2008||1,661||Resale|
|6150 Observation Cir||$235,000||$133||2013-06-14||2013||1,764||New|
|6133 Observation Cir||$236,000||$127||2013-04-08||2013||1,857||New|
|6125 Observation Cir||$234,900||$126||2012-10-31||2012||1,857||New|
|6206 Observation Cir||$174,500||$115||2012-08-10||2009||1,518||Resale|
|6134 Observation Cir||$223,500||$133||2012-08-09||2012||1,684||New|
|6218 Observation Cir||$240,000||$126||2012-08-03||2012||1,905||New|
|6165 Observation Cir||$214,900||$132||2012-07-23||2012||1,634||New|
|6073 Observation Cir||$229,900||$126||2012-06-21||2012||1,828||New|
|6061 Observation Cir||$219,900||$129||2012-03-14||2012||1,703||New|
|6089 Observation Cir||$224,900||$126||2012-03-02||2012||1,782||New|
|6193 Observation Cir||$138,300||$69||2011-07-11||2011||2,000||New|
|6121 Observation Cir||$201,900||$133||2011-07-08||2010||1,520||New|
|6181 Observation Cir||$219,000||$135||2011-07-08||2011||1,625||New|
|6186 Observation Cir||$217,500||$135||2011-06-30||2011||1,612||New|
|6173 Observation Cir||$217,000||$123||2011-03-08||2010||1,758||Resale|
|6178 Observation Cir||$199,900||$131||2010-07-30||2010||1,530||New|
|6077 Observation Cir||$200,900||$132||2010-07-30||2010||1,520||New|
|6153 Observation Cir||$222,900||$127||2010-07-09||2010||1,758||New|
|6146 Observation Cir||$210,000||$105||2010-05-28||2007||1,998||Resale|
|6065 Observation Cir||$202,000||$133||2010-05-28||2010||1,520||New|
|6169 Observation Cir||$237,000||$127||2010-04-09||2009||1,867||New|
|6189 Observation Cir||$207,000||$118||2010-03-31||2009||1,758||New|
|6145 Observation Cir||$199,900||$132||2010-03-05||2009||1,516||New|
|6109 Observation Cir||$204,000||$135||2009-12-11||2009||1,516||New|
|6190 Observation Cir||$201,400||$121||2009-12-07||2008||1,670||New|
|6158 Observation Cir||$207,000||$138||2009-10-26||2009||1,504||Resale|
|6110 Observation Cir||$204,000||$139||2009-10-01||2009||1,471||New|
|6130 Observation Cir||$211,000||$139||2009-09-11||2009||1,516||New|
|6206 Observation Cir||$209,900||$138||2009-08-07||2009||1,518||New|
|6161 Observation Cir||$199,900||$132||2009-07-17||2009||1,516||New|
|6069 Observation Cir||$225,000||$119||2009-06-30||2008||1,894||New|
|6093 Observation Cir||$206,400||$136||2009-06-11||2009||1,516||New|
|6113 Observation Cir||$221,000||$115||2009-04-14||2007||1,918||Resale|
|6198 Observation Cir||$205,400||$135||2009-04-14||2009||1,516||New|
|6105 Observation Cir||$236,000||$134||2008-11-04||2007||1,761||New|
|6081 Observation Cir||$215,000||$132||2008-09-30||2010||1,633||New|
|6114 Observation Cir||$249,000||$136||2008-09-04||2008||1,826||Resale|
|6097 Observation Cir||$245,900||$140||2008-06-30||2008||1,758||New|
|6138 Observation Cir||$265,000||$135||2008-06-28||2008||1,958||Resale|
|6182 Observation Cir||$240,000||$126||2008-06-23||2008||1,908||New|
|6177 Observation Cir||$289,900||$146||2008-05-30||2007||1,986||New|
|6142 Observation Cir||$228,700||$138||2008-02-29||2008||1,661||New|
|6146 Observation Cir||$285,900||$143||2007-08-30||2007||1,998||New|
|6141 Observation Cir||$259,900||$148||2007-07-26||2007||1,758||New|
|6162 Observation Cir||$259,900||$141||2007-04-18||2007||1,848||New|
|6138 Observation Cir||$171,000||$87||2007-03-20||2008||1,958||New|
|6102 Observation Cir||$150,000||$79||2007-03-13||2007||1,894||New|
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.