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