Popular Woodgate Proves Home Buyers Getting More For Their Money

Yesterday, a long-time reader asked why I had never written about Woodgate, a popular NE Tallahassee neighborhood.

I basically said that because I have limited time, I try to focus on the most-active neighborhoods in Tallahassee, but that I would take a quick look at home sales in Woodgate.

Currently, there are 6 homes for sale in Woodgate in the Tallahassee MLS, priced from $129,900 to $235,000. With only 15 homes sold in Woodgate in the 3 previous years, this means that Woodgate has a relative home supply exceeding 12 months.

This means if you want to sell a home in Woodgate, then you must have a better plan than your neighbors (your competition).

Home Prices In Woodgate

The average price of a home sold in Woodgate last year was $166,250, which is similar to home prices in Woodgate near the end of 2003. Low interest rates have buyers purchasing "more home," so Woodgate, like many other Tallahassee neighborhoods, is seeing it's larger homes selling right now.

Home Values In Woodgate

Home values are still on the decline in Woodgate. As we have seen in so many other neighborhoods, the stronger buying power for homebuyers is not resulting in higher values for sellers. Buyers are just getting more for their money these days.

In the real estate graph below, we see more evidence of home values falling (real estate depreciation) even as many real estate agents are wrongfully reporting appreciation. They are confused by the fact that they only track the average sales price of properties, not which properties are actually selling.

Recent Home Sales In Woodgate

Address	Sales Price	Price/SQF	Closing Date	Year Built	SQF	Type
1600 Woodgate Way	$184,000	$92	3/15/2012	1972	2,002	Arms Length
1509 Woodgate Way	$175,000	$92	1/30/2012	1972	1,893	Distressed
3112 Briarwood Drive	$165,000	$106	7/5/2011	1973	1,550	Arms Length
1638 Hedgefield Court	$212,000	$112	5/27/2011	1973	1,888	Arms Length
2935 Huntington Dr	$180,000	$103	5/4/2011	1973	1,750	Arms Length
2970 Huntington Drive	$108,000	$68	2/15/2011	1972	1,581	Distressed
1541 Woodgate Way	$195,000	$107	8/30/2010	1972	1,820	Arms Length
2951 Huntington Drive	$173,670	$112	8/6/2010	1973	1,550	Arms Length
1807 Woodgate Way	$240,000	$104	4/30/2010	1980	2,310	Arms Length
3113 Briarwood Drive	$190,000	$100	4/18/2010	1973	1,895	Arms Length
1516 Willow Wick Dr	$157,500	$99	4/5/2010	1973	1,595	Arms Length
1645 Hedgefield Court	$191,000	$128	1/29/2010	1973	1,491	Arms Length
1616 Hedgefield Court	$209,000	$122	11/10/2009	1973	1,720	Arms Length
2930 Huntington Dr	$225,000	$116	10/30/2009	1973	1,942	Distressed
3120 Brandywine Drive	$200,000	$125	7/9/2009	1976	1,599	Arms Length
1305 Woodgate Way	$250,000	$164	3/20/2009	2001	1,525	Arms Length
1537 Woodgate Way	$243,000	$121	2/27/2009	1972	2,001	Arms Length
3012 Stillwood Court	$263,000	$110	10/20/2008	1971	2,390	Arms Length
3109 Brandywine Dr	$200,000	$124	8/7/2008	1973	1,608	Arms Length
1452 Woodgate Way	$156,200	$66	6/9/2008	1972	2,349	Arms Length
3113 Briarwood Dr	$250,000	$132	5/19/2008	1973	1,895	Arms Length
1500 Oldfield Drive	$238,000	$118	5/2/2008	1971	2,012	Arms Length
3117 Briarwood Drive	$237,500	$106	4/18/2008	1973	2,232	Arms Length
2947 Huntington Drive	$208,000	$119	3/13/2008	1973	1,749	Arms Length
1444 Oldfield Dr	$275,000	$171	10/25/2007	1971	1,611	Arms Length
1305 Woodgate Way	$265,000	$174	9/7/2007	2001	1,525	Arms Length
1523 Oldfield Dr	$155,000	$105	4/30/2007	1971	1,479	Arms Length
3105 Brandywine Dr	$273,500	$113	3/30/2007	1973	2,418	Arms Length
1537 Woodgate Way	$268,000	$137	12/1/2006	1972	1,956	Arms Length
1404 Woodgate	$254,000	$146	6/16/2006	1971	1,739	Arms Length
1521 Woodgate Way	$254,900	$134	6/8/2006	1972	1,896	Arms Length
1319 Woodgate Way	$230,000	$148	5/30/2006	1976	1,554	Arms Length
1537 Woodgate Way	$202,000	$103	5/12/2006	1972	1,956	Arms Length
1308 Woodgate Way	$210,000	$125	4/10/2006	1970	1,674	Arms Length
1320 Woodgate Way	$220,000	$103	3/17/2006	1971	2,131	Arms Length
1610 Hedgefield	$271,000	$128	3/17/2006	1973	2,125	Arms Length
3105 Briarwood Dr	$245,000	$133	3/1/2006	1973	1,838	Arms Length
3033 Stillwood Ct	$186,500	$102	2/14/2006	1971	1,820	Arms Length
1509 Woodgate Way	$270,000	$143	1/31/2006	1973	1,893	Arms Length
1325 Woodgate Way	$225,000	$119	11/23/2005	1977	1,889	Arms Length
1421 Woodgate Way	$220,000	$116	9/26/2005	1971	1,896	Arms Length
2913 Huntington Drive	$249,900	$108	9/23/2005	1971	2,315	Arms Length
2905 Huntington Drive	$253,000	$136	9/1/2005	1972	1,860	Arms Length
3024 Stillwood Court	$235,000	$114	8/31/2005	1973	2,068	Arms Length
3028 Stillwood Ct.	$255,000	$139	8/23/2005	1972	1,829	Arms Length
3017 Huntington Dr	$235,000	$96	7/21/2005	1971	2,460	Arms Length
1610 Hedgefield Court	$168,000	$95	6/17/2005	1973	1,768	Arms Length
1508 Woodgate Way	$231,000	$100	6/15/2005	1972	2,313	Arms Length
3021 Huntington Dr,	$215,000	$135	5/19/2005	1971	1,596	Arms Length
1515 Willow Wick Dr	$229,000	$101	5/13/2005	1973	2,271	Arms Length
3303 Stillwood Court	$180,000	$99	5/10/2005	1971	1,820	Arms Length
1516 Woodgate Way	$200,000	$111	1/31/2005	1971	1,800	Arms Length
1336 Woodgate Way	$166,500	$104	1/11/2005	1971	1,608	Arms Length
2967 Huntington Drive	$187,400	$119	12/31/2004	1979	1,575	Arms Length
1321 Woodgate Way	$155,000	$93	12/15/2004	1976	1,665	Arms Length
1521 Woodgate Way	$224,000	$118	12/9/2004	1972	1,896	Arms Length
3105 Briarwood Drive	$197,000	$105	11/30/2004	1973	1,870	Arms Length
1625 Hedgefield Ct.	$221,347	$106	9/30/2004	1973	2,089	Arms Length
1400 Woodgate Way	$190,000	$84	6/25/2004	1971	2,250	Arms Length
1544 Woodgate Way	$194,900	$88	5/26/2004	1972	2,208	Arms Length
3025 Huntington Drive	$220,000	$110	5/14/2004	1971	2,000	Arms Length
1432 Woodgate Way	$179,900	$102	5/14/2004	1971	1,770	Arms Length
1404 Woodgate Way	$164,683	$95	4/8/2004	1971	1,739	Arms Length
3025 Huntington Dr	$210,000	$105	12/1/2003	1971	2,000	Arms Length
3007 Stillwood Court	$171,000	$97	7/17/2003	1971	1,765	Arms Length
1444 Oldfield Drive	$150,000	$96	6/30/2003	1971	1,570	Arms Length
1437 Oldfield Dr	$156,900	$92	5/28/2003	1971	1,713	Arms Length
1432 Woodgate Way	$149,900	$85	5/20/2003	1971	1,770	Arms Length
3007 Stillwood Court	$134,000	$76	4/3/2003	1971	1,765	Arms Length
1600 Woodgate Way	$158,000	$79	3/28/2003	1972	2,002	Arms Length
2916 Huntington Dr	$170,000	$86	3/10/2003	1973	1,969	Arms Length
3037 Stillwood Ct	$139,900		2/7/2003			Arms Length
1524 Woodgate Way	$139,900		1/9/2003			Arms Length

Please check back again for more neighborhood reports, including updates on Woodgate.