Piney Z Will Post 8 Straight Years Of Declining Home Sales
Home sales in Piney Z have been on a steady decline since 2003, and 2011 appears poised to set another new market bottom for unit sales. There have only been 22 closed home sales through late October, and without a huge surge it is highly unlikely that 2011 will surpass the previous bottom of 31 homes sold in 2010.
This is clearly the case of home owners “holding on” trying to find higher prices. I suspect we will start to see homeowners begin to be overcome by the market momentum next year and home values could decline at a rapid rate. This has happened in other areas of the Tallahassee real estate market when home sellers held onto their asking price while the rest of the market continued to decline. Don't expect Piney Z sales levels to return until home sellers begin to price their homes competitively with the rest of the homes for sale in Tallahassee.
Map Of Recent Home Sales In Piney Z
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Home Prices In Piney Z
Home prices in Piney Z have dropped from a high average of $260K established in 2006, to the current level of $199K. This is a decline of 23% which is stronger than much of the rest of the Tallahassee housing market. The graph below shows unit sales (green for arms length, red for distressed sales) and average prices are plotted in brown.
Home Values In Piney Z
Home values have dropped even with prices, with the high in 2006 of $145 per square foot having dropped 23% to $111 per square foot so far this year. If I were a homeowner needing to sell a home in the next few years, I would sell it now and sell it fast. Value changes will catch up with the rest of Tallahassee, and this means that if you must sell a home in Piney Z, the highest value that you will receive over the next five to seven years is right now.
Recent Home Sales In Piney Z
| Address | Sales Price | Price/SQF | Closing Date | Year Built | SQF | Type |
| 751 Eagle View Drive | $263,000 | $102 | 10/27/2011 | 2004 | 2,575 | SF |
| 861 Piney Village Loop | $245,000 | $114 | 9/30/2011 | 2005 | 2,150 | SF |
| 979 Watersview Drive | $275,000 | $107 | 9/30/2011 | 2004 | 2,581 | SF |
| 1187 Landings Loop | $177,375 | $121 | 9/12/2011 | 2001 | 1,465 | TH |
| 844 Eagle View Drive | $215,000 | $125 | 8/31/2011 | 2004 | 1,723 | SF |
| 1150 Landings Loop | $167,800 | $112 | 8/2/2011 | 2002 | 1,501 | TH |
| 4779 Planters Ridge Drive | $185,000 | $121 | 8/1/2011 | 2000 | 1,535 | SF |
| 825 Eagle View Drive | $250,000 | $106 | 7/29/2011 | 2005 | 2,364 | SF |
| 856 Eagle View Dr | $245,500 | $106 | 7/28/2011 | 2001 | 2,316 | SF |
| 1084 Landings Loop | $159,000 | $108 | 7/22/2011 | 2001 | 1,471 | TH |
| 4919 Heritage Park Blvd | $190,000 | $112 | 7/12/2011 | 2003 | 1,701 | SF |
| 1001 Piney Z Plantation Road | $185,000 | $115 | 7/1/2011 | 2000 | 1,614 | SF |
| 1090 High Meadow Drive | $150,000 | $105 | 6/15/2011 | 2002 | 1,427 | SF |
| 1068 Winter Lane | $182,500 | $124 | 5/20/2011 | 2005 | 1,471 | SF |
| 761 Eagle View Drive | $262,500 | $114 | 5/9/2011 | 2005 | 2,306 | SF |
| 1023 Kindgom Drive | $147,000 | $113 | 4/28/2011 | 2001 | 1,300 | TH |
| 1073 High Meadow Drive | $159,905 | $103 | 4/19/2011 | 2002 | 1,547 | SF |
| 1172 Landings Loop | $176,650 | $120 | 3/30/2011 | 2002 | 1,476 | TH |
| 1184 Landings Loop | $180,000 | $122 | 3/16/2011 | 2002 | 1,476 | TH |
| 1113 High Meadow Drive | $196,000 | $124 | 3/15/2011 | 2003 | 1,575 | SF |
| 4718 Planters Ridge Drive | $165,000 | $95 | 2/23/2011 | 2004 | 1,743 | SF |
| 1133 High Meadow Drive | $202,500 | $105 | 1/31/2011 | 2001 | 1,930 | SF |
| 4741 Plantation View | $240,000 | $111 | 12/30/2010 | 2002 | 2,169 | SF |
| 925 Piney Z Plantation Rd. | $293,500 | $141 | 12/15/2010 | 2000 | 2,084 | SF |
| 4902 Planters Ridge Dr | $178,400 | $105 | 12/14/2010 | 2000 | 1,707 | SF |
| 949 Park View Drive | $255,000 | $124 | 11/23/2010 | 2001 | 2,054 | SF |
| 4580 Heritage Park Blvd. | $248,980 | $123 | 11/15/2010 | 2008 | 2,026 | SF |
| 939 Park View Drive | $275,800 | $114 | 11/15/2010 | 2002 | 2,412 | SF |
| 801 Eagle View Drive | $260,000 | $100 | 11/10/2010 | 2003 | 2,603 | SF |
| 1020 Landings Lp | $153,000 | $100 | 10/28/2010 | 2001 | 1,535 | TH |
| 4860 Lake Park Drive | $245,000 | $118 | 10/15/2010 | 2001 | 2,084 | SF |
| 1055 Park View | $213,500 | $124 | 8/3/2010 | 1999 | 1,723 | SF |
| 4725 Plantation View Dr | $231,000 | $127 | 7/30/2010 | 2002 | 1,812 | SF |
| 872 Piney Village Loop | $260,000 | $115 | 7/30/2010 | 2007 | 2,267 | SF |
| 959 Lone Feather Drive | $288,000 | $111 | 7/30/2010 | 2001 | 2,584 | SF |
| 1032 Kingdom Drive | $172,000 | $116 | 7/30/2010 | 2001 | 1,479 | TH |
| 953 Park View | $269,500 | $134 | 7/20/2010 | 2001 | 2,013 | SF |
| 4702 Planters Ridge Drive | $189,200 | $131 | 6/30/2010 | 2009 | 1,440 | SF |
| 4704 Planters Ridge Dr | $165,000 | $118 | 6/18/2010 | 2002 | 1,393 | SF |
| 921 Piney Z Plantation Rd | $355,500 | $129 | 6/11/2010 | 2001 | 2,763 | SF |
| 1064 Kingdom Drive | $160,000 | $97 | 6/4/2010 | 2001 | 1,642 | TH |
| 1075 Park View Drive | $230,300 | $130 | 5/30/2010 | 2002 | 1,778 | SF |
| 4714 Planters Ridge Drive | $200,000 | $120 | 5/24/2010 | 2003 | 1,669 | SF |
| 813 Eagle View Drive | $265,900 | $124 | 5/14/2010 | 2003 | 2,149 | SF |
| 1108 Landings Loop | $181,500 | $120 | 4/29/2010 | 2002 | 1,514 | TH |
| 1060 Winter Lane | $201,000 | $137 | 4/16/2010 | 2003 | 1,463 | SF |
| 1165 High Meadow Drive | $180,000 | $106 | 4/2/2010 | 2002 | 1,692 | SF |
| 1041 Landings Loop | $170,000 | $125 | 3/29/2010 | 2001 | 1,358 | TH |
| 1077 Piney-Z Plantation Road | $179,000 | $120 | 3/26/2010 | 2002 | 1,492 | SF |
| 1023 Landings Loop | $178,000 | $116 | 3/16/2010 | 2001 | 1,535 | TH |
| 4889 Lake Park Dr | $195,000 | $119 | 3/15/2010 | 2001 | 1,643 | SF |
| 977 Watersview Dr | $215,000 | $109 | 2/24/2010 | 2003 | 1,973 | SF |
| 628 Eagle View Circle | $267,000 | $127 | 1/29/2010 | 2002 | 2,108 | SF |
Remember to check back again for more updates on Piney Z Home Sales.
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