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REO And Short Sales Represent 1 in 4 Home Sales In Tallahassee

We have been keeping an eye on REO and short sales in Tallahassee, wondering if there was going to be a gradual rise in distressed property sales as the year comes to a close. Our list of REO and short sale homes for sale in Tallahassee has remained fairly stable, but the same cannot be said for closed sales. The summer months saw a turn-away from these types of sales, as the percentage of non-arms-length home sales declined after a 3 year run of growth.

The following is an interactive map which shows reo sales and short sales in Tallahassee, going back to the end of June this year. It provides a great visual for the concentration of distressed property sales, and by clicking on each property, you will see the details on the sale.

Map Of Recent REO And Short Sales In Tallahassee

Note: If you receive the Tallahassee Real Estate Blog by email, the interactive map must be utilized on the website (just click here to link to the Tallahassee Real Estate Website)

REO And Short Sales In Tallahassee Change Trend

The trend of falling distressed property sales has reversed, as the past two months have shown a higher percentage of REO property sales and short sales in the Tallahassee MLS. More than 1 in every 4 home sales is "non-arms-length" and we expect to see this trend continue to rise during the slower sales cycle that usually begins in September.

REO And Short Sales Tallahassee Florida

Short Sales In Tallahassee

Roughly 1 in every 8 homes sold in Tallahassee is a short sale, and the short sales trend is rising. With home values dropping, more people are finding themselves in homes where the mortgage is higher than the value of the home. When people in this situation are faced with a need to sell their home, often times, a short sale is their best solution (you can read all about short sales in our 81 page e-book "Should I Short Sale My Home?").

Short Sales Tallahassee Florida

The following table shows the last 150+ REO and short sales in Tallahassee, which includes information about each home and what type of sale it was.

Recent REO And Short Sales In Tallahassee

Neighborhood Address SP Price/SQF Closing Date SQF Type
Starview 179 Nabb Road $188,900 $111 9/23/2011 1,703 Short Sale
Midtown At Meridian 1951 N Meridian Road $60,000 $80 9/23/2011 750 Short Sale
Brentwood 2302 Ohbah Nene $57,750 $31 9/22/2011 1,852 REO
Melrose Park 521 Ward Street $175,000 $112 9/22/2011 1,569 Short Sale
Woodrun Garden Homes 2642-2644 Chandalar Lane $50,000 $32 9/22/2011 1,578 Short Sale
Village Square Townhomes 1515 Paul Russell Road # 18-C $40,500 $27 9/19/2011 1,475 Short Sale
Villas Of Westridge 2248 Sandpiper St $38,000 $41 9/16/2011 928 REO
Bond 1805 Saxon Street $27,500 $26 9/16/2011 1,042 REO
Dry Creek Run 976 Beaver Creek Way $110,000 $76 9/16/2011 1,456 REO
Larette Drive Townhouses 1828 Larette Drive $54,000 $44 9/16/2011 1,240 REO
Terrence Heights 2410 Tupelo Terrace $55,100 $48 9/16/2011 1,155 REO
Seminole Manor 1518 Doolittle Avenue $49,900 $27 9/15/2011 1,856 REO
Foxcroft 3025 Banks Road $150,000 $99 9/15/2011 1,512 Short Sale
Killearn Commons 2776 Whitmore Court $126,000 $113 9/14/2011 1,115 Short Sale
None 702 Westway Rd $32,199 $22 9/12/2011 1,450 REO
Lakewood Village 5829 Doonesbury Court $104,750 $80 9/12/2011 1,307 REO
Richview Park 457 High Point Ln $86,095 $87 9/9/2011 984 REO
Capital Hills 1217 Hawthorne Street $140,000 $73 9/9/2011 1,914 Short Sale
Camp Crossing 1731 Quazar Road $61,500 $51 9/9/2011 1,200 Short Sale
Chesapeake Place 2716 Tess Circle $58,750 $49 9/7/2011 1,192 REO
Beacon Hill 921 Paul Russell Road $42,000 $38 9/7/2011 1,092 REO
Saxon Northwest Addition 843 Dunn Street $35,000 $21 9/6/2011 1,673 REO
Goose Creek 219 Waynard Way $184,500 $94 9/6/2011 1,971 Short Sale
Villages At Wilson Green 4197 Ridge Haven Road $95,000 $72 9/2/2011 1,312 Short Sale
Evening Rose 1626 Cottage Rose Lane $160,000 $100 9/2/2011 1,601 Short Sale
None 10230 Miccosukee Rd $225,000 $72 9/2/2011 3,141 Short Sale
Wilson Green 4259 Ridge Haven Road $98,000 $74 9/1/2011 1,328 Short Sale
Wilson Green 4251 Weatherby Court $84,900 $67 8/31/2011 1,275 REO
Lehigh 1332 Lola Drive $70,500 $56 8/31/2011 1,248 REO
Hampton Creek 5431 Hampton Hill Cir $136,000 $97 8/31/2011 1,404 Short Sale
Killearn Acres 6724 Johnstown Loop $170,000 $86 8/31/2011 1,970 Short Sale
Capital Hills 929 Carraway Street $49,000 $61 8/30/2011 800 REO
Harbinwood North 1951 TreelineDrive $153,000 $92 8/30/2011 1,670 Short Sale
Killearn Acres 6436 Joe Cotton Trail $136,500 $89 8/29/2011 1,530 Short Sale
Townhomes On Eugenia 640 Eugenia St $55,000 $38 8/29/2011 1,449 Short Sale
Villas Of Westridge 2125 Sandpiper St $30,000 $47 8/29/2011 640 Short Sale
Woodbriar 3295 Sugar Berry Way $66,000 $49 8/26/2011 1,338 REO
San Luis Ridge 1306 Francisco Dr $112,500 $59 8/26/2011 1,904 REO
Glen Pointe 3994 Remer Court $57,500 $52 8/26/2011 1,098 Short Sale
Scenic Heights 1917 Devra Dr $85,000 $71 8/26/2011 1,189 Short Sale
Hickory Ridge 2825 Pine Ridge Rd $250,000 $109 8/26/2011 2,291 Short Sale
Pebble Brooke 790 Brooke Manor $120,000 $87 8/26/2011 1,377 Short Sale
Killearn Lakes 2994 Killearn Pointe Court $404,900 $119 8/25/2011 3,400 REO
Southwood 4014 Blairstone Road $199,900 $111 8/25/2011 1,794 REO
Botany Place 2852 Botany Place $28,000 $22 8/25/2011 1,280 REO
Wolf Creek 1695 Corey Wood Circle $73,000 $54 8/23/2011 1,344 REO
Adiron Woods 7032 Sawley Ct $159,000 $68 8/23/2011 2,340 REO
Eagle'S Ridge 9254 Eagles Ridge Drive $500,000 $122 8/22/2011 4,104 REO
Wolf Creek 1829 Nena Hills $75,000 $56 8/22/2011 1,344 Short Sale
Twin Lakes Community 1573 Twin Lakes Circle $110,000 $89 8/22/2011 1,237 Short Sale
Mission Manor 6193 Greenon Lane $27,000 $36 8/19/2011 758 REO
Southwood 4100 Raleigh Way $222,500 $109 8/19/2011 2,045 REO
Griffin College Heights 1017 AbrahamStreet $6,500 $10 8/19/2011 635 REO
Savannah Crossing 2738-1501 W Tharpe Street $70,000 $58 8/19/2011 1,215 Short Sale
B L Gandy Prop Unrec 2637 Mission Road $90,000 $55 8/18/2011 1,626 REO
Killearn Lakes 9909 Beaver Ridge Trail $165,900 $100 8/18/2011 1,661 Short Sale
Hough Mini Farms 9700 Sidney Lane $215,000 $63 8/17/2011 3,412 REO
Park Brook Crossing 2062 Victory Garden Ln $90,000 $94 8/17/2011 960 REO
Oak Knoll Estates 900 Oak Knoll Avenue $140,000 $44 8/17/2011 3,151 Short Sale
Huntington Woods 3113 Chalfont Lane $47,299 $37 8/16/2011 1,288 REO
Terrence Heights 2408 Tupelo Terrace $65,000 $56 8/16/2011 1,155 REO
Liberty Hills 2369 Gregory Drive $65,000 $52 8/16/2011 1,242 Short Sale
Adams Place Condominiums 3000 S Adams Place $55,000 $44 8/16/2011 1,264 Short Sale
The Timbers 2247B Shady Timber Circle $49,000 $50 8/16/2011 987 Short Sale
Killearn Lakes 1883 Log RidgeTrail $160,000 $89 8/15/2011 1,806 REO
Oak Ridge South 286 Water OakDrive $22,900 $24 8/12/2011 952 REO
Southwood 3790 Piney GroveDrive $275,000 $103 8/12/2011 2,664 REO
Hartsfield Place 2525 Hartsfield Rd Unit 2 $60,000 $48 8/12/2011 1,238 Short Sale
Bull Run 5647 BurnsideCir $239,500 $126 8/11/2011 1,899 Short Sale
Killearn Estates 2901 Whittington Drive $270,000 $104 8/10/2011 2,600 Short Sale
None 10263 Thousand Oaks Circle $225,000 $69 8/9/2011 3,268 Short Sale
Parkway Heights 7175 Turner Street $80,000 $58 8/8/2011 1,368 REO
Bradford Manor 412 Cambridge Drive $60,165 $50 8/8/2011 1,194 Short Sale
Barrington Park Condominiums 2801 Chancellorsville Dr. #1428 $100,000 $72 8/5/2011 1,397 Short Sale
Oak Wood 3262 Allison Marie Court $78,000 $64 8/4/2011 1,216 REO
Talco Hills 2402 Talco Hills Drive $39,500 $40 8/3/2011 990 REO
Meadows At Woodrun 2004 Lohman Court $75,000 $59 8/2/2011 1,277 REO
Autumn Woods 5744 Cypress Cir $68,500 $63 8/2/2011 1,088 REO
Piney Z 1150 Landings Loop $167,800 $112 8/2/2011 1,501 Short Sale
Southwood 4252 Raleigh Way $205,000 $99 8/2/2011 2,073 Short Sale
Betton Hill 2231 Trescott Drive $143,000 $78 7/29/2011 1,824 REO
Savannah Crossing 2738-2606 W Tharpe St $65,000 $54 7/29/2011 1,209 REO
Louvenia Lakes 4223 Louvinia Drive $189,000 $76 7/29/2011 2,501 REO
Park Brook Crossing 161 Parkbrook Circle $62,000 $65 7/29/2011 960 REO
None 14665 Mahan Drive $90,000 $25 7/29/2011 3,560 REO
Oak Valley Estates 5740 Etowah Court $102,500 $76 7/29/2011 1,342 Short Sale
Parkside 804 Watt Dr $139,000 $66 7/29/2011 2,119 Short Sale
Groves At Summerbrooke 1599 Sweet Plum Cir $157,500 $92 7/29/2011 1,717 Short Sale
Oak Valley Estates 5732 Etowah Ct $104,900 $73 7/29/2011 1,434 Short Sale
University Park 415 Georgetown Drive $48,000 $42 7/29/2011 1,134 Short Sale
Shannon Forest 3717 MundonWay $78,000 $46 7/28/2011 1,712 REO
Stone Bridge 2408 Fred Smith Road $60,900 $45 7/28/2011 1,353 REO
Saxon Northwest Addition 804 Dunn Street $57,000 $50 7/28/2011 1,144 Short Sale
Plantation Woods 4035 Elder Lane $76,900 $58 7/27/2011 1,325 REO
Crescent Hills 5363 Falling Star Drive $109,500 $88 7/27/2011 1,246 REO
Rockbrook Village 3729 Sutor Ct $34,000 $37 7/27/2011 914 REO
Breckenridge On Park 208 Whetherbine Way W $82,000 $81 7/27/2011 1,008 Short Sale
Rockbrook East 1018 Crossing Brook Way $40,000 $40 7/27/2011 992 Short Sale
Woodrun Garden Homes 2657-2659 Chandalar Lane $51,000 $32 7/27/2011 1,578 Short Sale
Woodbriar 3361 SawtoothDrive $62,000 $46 7/26/2011 1,338 REO
Settlers Creek 3840 Magellan Court $80,000 $50 7/26/2011 1,586 REO
None 2426 Country Club Drive $52,500 $39 7/25/2011 1,351 REO
San Luis Ridge 2407 Miranda Avenue $150,000 $70 7/25/2011 2,154 Short Sale
Woodrun Garden Homes 2679-2681 Chandalar Lane $51,000 $32 7/25/2011 1,590 Short Sale
Woodrun Garden Homes 2671-2673 Chandalar Lane $50,900 $33 7/25/2011 1,566 Short Sale
Fish Camp 9335 W Tennessee Street $117,000 $87 7/22/2011 1,352 REO
Lafayette Meadows 1264 Redfield Rd $201,692 $97 7/22/2011 2,080 Short Sale
Killearn Lakes 1560 Copperfield Circle $210,000 $95 7/22/2011 2,220 Short Sale
Woodbriar 3345 Sawtooth Dr $64,000 $48 7/20/2011 1,328 Short Sale
Natural Wells 2268 Natural Wells Drive $73,000 $64 7/19/2011 1,144 REO
Southwood 4065 Colleton Court $112,000 $85 7/19/2011 1,324 REO
Woodbriar 3396 Woodbriar Ln $120,000 $96 7/18/2011 1,249 Short Sale
Fairview 3009 S Meridian Street $24,500 $35 7/17/2011 696 REO
Laurel Trace 2609 Fenwood Ct $182,500 $79 7/15/2011 2,321 Short Sale
Lakeside 4255 Cool Emerald $152,000 $86 7/15/2011 1,767 Short Sale
None 202 Sweet Grass Lane $85,000 $77 7/15/2011 1,107 Short Sale
Crawfordville Trace 933 Crawfordville Trace $94,500 $75 7/14/2011 1,263 Short Sale
Killearn Lakes 9353 Buck Haven Trail $156,000 $82 7/12/2011 1,898 Short Sale
Killearn Lakes 2205 Wood Duck Way $120,000 $77 7/11/2011 1,552 REO
Blairstone Forest 1685 Silverwood Dr $122,000 $85 7/11/2011 1,437 Short Sale
Brockswood Park 1101 Browning Drive $180,000 $123 7/11/2011 1,464 Short Sale
Indian Head Acres 1917 S Magnolia Drive $97,500 $88 7/11/2011 1,107 Short Sale
Rockbrook 1020 Sutor Road $47,500 $33 7/10/2011 1,428 REO
Residences At Whispering Pines 2731 Blair Stone Road $22,600 $25 7/8/2011 907 REO
Pecan Grove Estates 3512 S Carnation Court $57,000 $56 7/8/2011 1,020 REO
Killearn Estates 5305 Ben Brush Trail $164,450 $78 7/8/2011 2,108 REO
Killearn Lakes 9481 Buck Haven Trail $149,800 $80 7/8/2011 1,884 Short Sale
Breckenridge On Park 193 Whetherbine Way W $80,000 $79 7/8/2011 1,008 Short Sale
Valley Green 1454 Valley Green Drive $105,000 $72 7/7/2011 1,464 REO
Lakewood Village 4520 Zonker Court $55,000 $34 7/7/2011 1,598 REO
Natural Wells 2221 Natural Wells Dr $90,000 $68 7/7/2011 1,326 Short Sale
Indian Head Acres 1539 Dacron Dr $76,800 $76 7/6/2011 1,008 REO
Apalachee Hills 1613 Quazar Road $75,000 $64 7/5/2011 1,173 REO
Gwynndale 1709 Talpeco $72,500 $51 7/1/2011 1,408 REO
Magnolia Addition 942 Delores $66,000 $44 7/1/2011 1,500 REO
Rosehill 287 Rosehill Dr E $838,000 $146 7/1/2011 5,746 Short Sale
Fairview 3101 Meridian St $25,000 $29 7/1/2011 856 Short Sale
Golden Eagle Plantation 9031 Winged Foot Dr $450,000 $124 6/30/2011 3,626 REO
Southwood 4059 Colleton Court $144,000 $97 6/30/2011 1,483 REO
Settlers Creek 3853 Magellan $122,300 $85 6/30/2011 1,442 Short Sale
Buckwood 4065 Bellington Ct $116,682 $89 6/30/2011 1,312 Short Sale
Killearn Lakes 8201 Hunters Ridge Trail $119,000 $100 6/30/2011 1,196 Short Sale
Campbell Park 613 Alpha Ave $78,795 $54 6/30/2011 1,464 Short Sale
Woodrun East 7890 Tally Ann Drive $77,000 $73 6/30/2011 1,055 Short Sale
None 11711 Evergreen Hills Court $118,000 $81 6/30/2011 1,461 Short Sale
Wolf Creek 1824 Nena Hills Drive $90,000 $52 6/30/2011 1,744 Short Sale
Burr Sub 3268 Longleaf Road $280,000 $76 6/30/2011 3,679 Short Sale
Leewood Hollow 1211 Leewood Hollow $115,000 $105 6/30/2011 1,092 Short Sale
Meadows At Woodrun 2309 Windermere Road $81,750 $76 6/29/2011 1,078 REO
Sable Chase 8416 Ivy Brook Lane $175,000 $100 6/29/2011 1,745 Short Sale
Tower Oaks 5531 Tower Wood Trail $94,000 $70 6/29/2011 1,338 Short Sale
Killearn Acres 6428 Bold Venture Trail $110,000 $91 6/28/2011 1,207 REO
Residences At Whispering Pines 2731 Blairstone Road $29,900 $33 6/28/2011 907 REO

Please check back again in the future for more reports on REO and short sales in Tallahassee.

Discussion

#1 By malachi burris at 7/11/2017 3:46 AM

I am thinking about moving to Tallahassee in January or February with my son. 3 bed rooms #

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