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Sable Chase Boom Neighborhood Struggles

Sable Chase is a Tallahassee neighborhood born during the boom of the housing market, and because of this it will have a tougher go of the housing market than the more established subdivisions in town. With so many people "moving in" during the same time, natural move cycles will result in a high number of people who need to "move out" at roughly the same time.

Currently, there are only 8 homes for sale in Sable Chase, but the fact that every resident in this northeast Tallahassee neighborhood (an extension of Killearn Lakes Plantation) purchased their home within the last 6 years means that many more will be wanting to move. The average home owner (demographic) in this price range typically moves every 5 to 7 years.

This means that if you own a home in Sable Chase, you need to know the competition among home sellers is going to rise at even a faster rate than the rest of the sluggish Tallahassee real estate market. If you need to sell your home, or if you know that you will need to sell a Sable Chase home soon, sell it now, sell it fast, and you will get your best price. Though I repeat this message often, I can tell you I have driven by a home in Sable Chase that has been on the market with the same real estate agent for years. Take a look at the real estate graphs below and see the money this homeowner left on the table by not selling it fast!

Sable Chase Home Prices In the real estate graph above, we see that home prices averaged nearly $290K in 2007, and currently the average sales price of home sold in Sable Chase is $190K! That is a $100,000 price drop (51%) in just the last four years. Sable Chase Home Values

The real estate graph below shows that the average price per square foot of homes has dropped from $153 in 2006 to a currently value of $107 per square foot (a decline of 44%). This trend of home value declines will continue over the years as homeowners are forced to sell in a market where there are more homes than buyers.

List Of Recent Home Sales In Sable Chase

Neighborhood Address SP Price/SQF Closing Date Year Built SQF
Sable Chase 8413 Ivy Brook Ln $263,000 $109 6/16/2011 2004 2,405
Sable Chase 1833 Acorn Ridge Trail $159,650 $108 6/8/2011 2005 1,477
Sable Chase 8392 Ivy Brook Lane $158,500 $105 5/2/2011 2005 1,511
Sable Chase 8408 Ivy Brook Lane $207,500 $115 4/25/2011 2005 1,811
Sable Chase 8369 Ivy Mill Lane $165,500 $101 4/21/2011 2006 1,640
Sable Chase 1790 Acorn Ridge Trail $162,500 $93 3/11/2011 2006 1,748
Sable Chase 1791 Acorn Ridge Trail $213,500 $114 1/14/2011 2005 1,871
Sable Chase 8425 Ivy Brook Lane $209,000 $108 12/30/2010 2005 1,938
Sable Chase 8407 Ivy Mill Way $198,900 $114 6/7/2010 2005 1,740
Sable Chase 8424 Ivy Brook $209,900 $105 5/31/2010 2005 1,995
Sable Chase 1865 Acorn Ridge $203,500 $117 4/30/2010 2005 1,740
Sable Chase 8408 Ivy Brook $199,900 $111 4/2/2010 2005 1,796
Sable Chase 8433 Ivy Brook Ln $185,000 $108 3/19/2010 2005 1,709
Sable Chase 1841 Acorn Ridge $198,000 $114 2/26/2010 2005 1,740
Sable Chase 8378 Ivy Mill Way $215,000 $125 2/26/2010 2008 1,717
Sable Chase 8370 Ivy Mill Way $202,000 $114 2/25/2010 2005 1,775
Sable Chase 1822 Acorn Ridge Trail $182,200 $107 2/12/2010 2005 1,697
Sable Chase 1799 Acorn Ridge $177,000 $101 12/18/2009 2005 1,751
Sable Chase 8436 Ivy Brook Lane $213,000 $122 10/23/2009 2005 1,747
Sable Chase 8428 Ivy Brook Lane $171,500 $115 7/23/2009 2005 1,490
Sable Chase 8386 Ivy Mill Way $231,000 $140 7/15/2008 2005 1,651
Sable Chase 8366 Ivy Mill Way (13-A) $250,000 $150 6/10/2008 2006 1,665
Sable Chase 8374 Ivy Mill Way (15-A) $268,000 $161 6/5/2008 2006 1,667
Sable Chase 1858 Acorn Ridge Trail $240,000 $134 5/30/2008 2006 1,790
Sable Chase 8420 Ivy Brook Lane $204,750 $124 5/23/2008 2005 1,651
Sable Chase 8389 Ivy Brook $279,900 $138 3/31/2008 2005 2,025
Sable Chase 8412 Ivy Brook Lane $221,050 $145 3/20/2008 2005 1,527
Sable Chase 8413 Ivy Brook Lane $300,000 $125 11/19/2007 2004 2,405
Sable Chase 1826 Acorn Ridge $275,000 $142 6/29/2007 2005 1,943
Sable Chase 8370 Ivy Mill Way $279,000 $161 10/16/2006 2005 1,738
Sable Chase 8449 Ivy Brook Lane $264,000 $154 9/12/2006 2005 1,714
Sable Chase 8445 Ivy Brook $250,000 $150 8/30/2006 2005 1,672
Sable Chase 1790 Acorn Ridge Tr (19-B) $288,300 $158 8/25/2006 2006 1,827
Sable Chase 8389 Ivy Brook Lane $325,000 $162 8/11/2006 2005 2,007
Sable Chase 8433 Ivy Brook Lane $267,500 $156 7/31/2006 2005 1,714
Sable Chase 8369 Ivy Mill Way (12-A) $231,000 $147 4/28/2006 2005 1,575
Sable Chase 1798 Acorn Ridge Trail $222,500 $140 4/14/2006 2006 1,592
Sable Chase 1834 Acorn Ridge Dr $256,431 $150 4/6/2006 2005 1,714
Sable Chase 1822 Acorn Ridge Trail $257,000 $153 3/31/2006 2005 1,678
Sable Chase 1814 Acorn Ridge Trail $266,390 $140 12/29/2005 2005 1,900
Sable Chase 1807 Acorn Ridge $251,000 $146 12/21/2005 2005 1,714
Sable Chase 8377 Ivy Mill Way (10-A) $239,784 $146 12/16/2005 2005 1,642
Sable Chase 8421 Ivy Brook Lane $275,200 $142 12/12/2005 2005 1,943
Sable Chase 1822 Acord Ridge Trail $218,450 $130 10/12/2005 2004 1,678
Sable Chase 8389 Ivy Brooke Lane $290,000 $144 9/22/2005 2004 2,007
Sable Chase 1818 Acorn Ridge Trail $223,500 $130 8/31/2005 2005 1,723
Sable Chase 1838 Acorn Ridge Trail $238,425 $142 8/12/2005 2005 1,680
Sable Chase 8381 Ivy Mill Way $256,700 $131 8/11/2005 2005 1,963
Sable Chase 1794 Acorn Ridge Trail $262,500 $133 7/22/2005 2005 1,978
Sable Chase 8453 Ivy Brook Lane $239,000 $143 7/20/2005 2005 1,674
Sable Chase 8370 Ivy Mill Way $252,500 $147 6/7/2005 2005 1,714
Sable Chase 8445 Ivy Brook Lane $222,560 $133 5/16/2005 2005 1,672
Sable Chase 8441 Ivy Brook Lane $219,150 $131 4/22/2005 2005 1,674
Sable Chase 8429 Ivy Brook Lane $223,550 $133 3/31/2005 2004 1,678
Sable Chase 8437 Ivy Brook Lane $238,550 $113 3/11/2005 2004 2,103
Sable Chase 8433 Ivy Brook Lane $228,650 $133 2/24/2005 2004 1,714

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Joe Manausa Real Estate
2066 Thomasville Rd
Tallahassee, FL 32308
(850) 366-8917