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!

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.

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