Rosehill Home Sales
The Army Football Letterwinners Club Reunion is this weekend and my annual trek back to West Point begins today. My "great" golf team has won the tournament 6 out of the last 9 years, and we are heading back up there to take the trophy back from last year's winners. With over 200 ex-football player/golfers, it is a really fun event. A few years ago, we had players representing every decade of Army Football from the 1940s to present.
Today will be a quick post about home sales in Rosehill, a very nice upper-end community on the Northeast side of the Tallahassee real estate market. I had a recent request for sales information for this community and figured I would knock it out before I got out of town.
Rosehill Home Values Have Declined
When we analyze a large neighborhood with plenty of recent home sales, we can look at the square footage of what has sold and compare it with that of the past in order to perform a fairly accurate assessment of real estate appreciation in the neighborhood. But when liquidity is greatly reduced, as we see in a smaller subdivision like Rosehill, there are too many variables that make our recent methodology too loose for great accuracy.
The reason that I point this is is that the following real estate graph is showing Rosehill home values of sold homes dropped 37% from the high reached just last year. But with only 2 homes sold in 2008, and three in 2009, there could easily be lakefront homes versus interior homes, large acreage versus minimal acreage, etc. I would say that this graph is probably accurate in showing depreciation, but I would not rely on it to accurate project that actual depreciation amount.
I think the biggest key to see on this graph is that the blue bars, representing the number of homes sold each year, is too small for an accurate assessment of valuations, though I think it does show diminished sales and falling values.
Recent Existing Home Sales In Rosehill
|Parcel Address||Price||SqFt HC||Sale Date|
|192 ROSEHILL DR W||$398,900||3,090||3/27/2009|
|211 ROSEHILL LN||$690,000||4,154||2/5/2009|
|192 ROSEHILL DR W||$340,500||3,090||1/31/2009|
|160 ROSEHILL DR W||$820,000||3,835||5/19/2008|
|278 ROSEHILL DR E||$900,000||4,050||2/29/2008|
|193 ROSEHILL DR W||$725,300||3,634||7/10/2007|
|307 ROSEHILL DR E||$860,200||3,999||3/2/2007|
|197 ROSEHILL DR W||$715,000||4,015||3/28/2006|
|287 ROSEHILL DR E||$1,350,000||5,571||1/31/2006|
|179 ROSEHILL DR W||$960,000||4,591||12/30/2005|
|278 ROSEHILL DR E||$939,000||4,050||12/12/2005|
|168 ROSEHILL DR W||$565,000||3,152||9/28/2005|
|292 ROSEHILL DR E||$750,000||3,787||5/18/2005|
|144 ROSEHILL DR W||$1,300,000||5,125||5/2/2005|
|292 ROSEHILL DR E||$750,000||3,787||3/25/2005|
|168 ROSEHILL DR W||$530,000||3,152||9/2/2004|
|192 ROSEHILL DR W||$550,000||3,090||8/12/2004|
|232 ROSEHILL DR N||$698,000||3,777||3/31/2004|
|192 ROSEHILL DR W||$600,000||3,090||1/27/2004|
|139 ROSEHILL DR W||$1,250,000||4,256||1/27/2004|
|160 ROSEHILL DR W||$658,700||3,835||12/9/2003|
|215 ROSEHILL LN||$895,000||4,259||8/25/2003|
|292 ROSEHILL DR E||$657,500||3,787||8/22/2003|
|317 OAKS WILL CT||$600,000||4,414||7/31/2003|
|214 ROSEHILL LN||$600,000||3,076||6/26/2003|
|232 ROSEHILL DR N||$655,000||3,777||5/1/2003|
|207 ARDEA WAY||$450,000||3,430||6/13/2001|
|165 ROSEHILL DR W||$202,500||5,861||11/24/1999|
|997 ILEX WAY||$465,000||4,618||9/30/1999|
|278 ROSEHILL DR E||$533,900||4,050||8/6/1999|
|205 ROSEHILL DR W||$365,000||3,000||7/30/1999|
|267 ROSEHILL DR N||$1,775,000||6,099||6/7/1999|
|989 ILEX WAY||$499,500||3,390||5/6/1999|
|272 ROSEHILL DR N||$600,000||4,515||4/28/1999|
|179 ROSEHILL DR W||$555,000||4,191||3/31/1999|
|224 ROSEHILL DR N||$512,000||3,079||10/7/1998|
|165 ROSEHILL DR W||$175,000||5,861||6/24/1998|
|260 ROSEHILL DR N||$750,000||5,779||6/24/1998|
|178 ROSEHILL DR W||$430,000||3,402||3/26/1998|
|270 ROSEHILL DR N||$380,000||3,593||1/7/1998|
|233 ROSEHILL DR N||$495,000||3,679||1/6/1998|
|197 ROSEHILL DR W||$374,000||4,015||9/26/1997|
|232 ROSEHILL DR N||$422,500||3,777||8/15/1997|
|210 ROSEHILL LN||$426,000||4,514||6/17/1997|
|209 ARDEA WAY||$316,000||2,636||6/12/1997|
|179 ROSEHILL DR W||$393,500||4,191||1/31/1997|
|234 ROSEHILL DR N||$380,000||4,063||1/30/1997|
|210 ROSEHILL LN||$422,000||4,514||7/31/1996|
|312 BUTEO CT||$379,000||4,529||6/24/1996|
|311 BUTEO CT||$203,000||7,519||4/5/1996|
|192 ROSEHILL DR W||$297,000||3,090||6/30/1995|
|205 ROSEHILL DR W||$344,900||3,000||6/12/1995|
|182 ROSEHILL DR W||$242,000||2,555||10/6/1994|
|178 ROSEHILL DR W||$303,000||3,402||7/1/1994|
|197 ROSEHILL DR W||$320,000||4,015||3/29/1993|
|214 ROSEHILL LN||$279,900||3,076||3/8/1993|
|193 ROSEHILL DR W||$260,000||2,952||10/3/1991|
|182 ROSEHILL DR W||$235,000||2,555||7/8/1991|
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