Be A Pig When Shopping The High End Homes For Sale In Tallahassee

Posted by
Share
Share
Share
Share

If you have been thinking about buying one of the many high end homes for sale in Tallahassee, I suspect you are licking your chops right about now. High end home values have fallen, interest rates have tweaked down, and there might never have been a better time in the history of the Tallahassee real estate market to be thinking about “moving up.”

But there is a wonderful colloquialism that potentially fits the conservative buyer attempting to squeeze every penny out of the bottom of the luxury home market …

Pigs get fat, and hogs get slaughtered.

Pigs Versus Hogs

Pigs Get Fat Hogs Get Slaughtered

If you get too greedy, you’re going to get burned by one of two things (or both).

If mortgage interest rates rise, then the money you hoped to save with falling values is going to be lost to higher mortgage payments. And even if mortgage interest rates don’t rise and spoil your purchase, the glut of inventory will eventually dissolve and you’ll be faced with rising values.

So don’t be so greedy that you let this buyer’s market for high end homes get away from you.

Now, if you are a cash buyer, you really only need to pay close attention to supply and demand for the price range of homes that fit your appetite.

For most of the Eastern side of Tallahassee, the supply of homes for sale under $500,000 has returned to market equilibrium (meaning the market is in balance). That means neither seller nor buyer have an advantage due to supply or demand levels.

The Western side of Tallahassee is another story altogether, though there are not nearly as many high end homes for sale to the West.

Recent High End Home Sales

The following real estate graph shows high end homes sold in the Tallahassee MLS since 2003.

High End Homes For Sale

The bars are measured on the left vertical axis, the lines are measured on the right. The blue (bars and lines) record sales and values for homes sold between $500,000 and $750,000, the red (bars and lines) record sales and values for homes sold for more than $750,000, while the green measures the same for all homes sold over $500,000.

There have only been four high end homes sold in 2014, so the up-trend we are seeing thus far is just “noise” in the data. Hopefully, it will be reinforced when more sales are recorded throughout the year, but the imbalance between supply and demand suggests that will not be the case.

The following is a list of the home sold in the Tallahassee MLS that exceeded $500,000:

High End Home Sales In Tallahassee

AddressPricePrice / SQFClosing DateYear BuiltSQFSale Type
998 Rosebay Court$950,000$2612026-10-0919863,633Resale
3917 Ardmore Ln$600,000$2522026-10-0920262,378New
2316 Cobb Dr$615,000$1982026-10-0920003,104Resale
1489 Vieux Carre Dr$696,000$2882026-10-0120022,415Resale
540 Bienville Pl$687,900$2382026-10-0120262,890New
5050 Velda Dairy Rd$797,000$2592026-10-0119793,072Resale
6311 Bird Dog Pt$1,100,000$3492026-10-0120143,151Resale
6375 Thomasville Rd$854,000$1892026-09-3019814,529Resale
8503 Congressional Dr$1,700,000$2442026-09-2820016,960Resale
2998 Golden Eagle Dr E$1,375,000$2192026-09-2519956,280Resale
6754 Circle J Dr$865,000$2262026-09-2519703,820Resale
2321 Haverhill Rd$605,000$2402026-09-2119902,521Resale
5100 Wild Rose Way$635,000$2142026-09-1820052,961Resale
10056 Neamathla Trl$789,300$2832026-09-1619982,788Resale
275 S Franklin Blvd Unit 6$680,000$3342026-09-1520252,038New
1755 Tarpon Dr$1,375,000$2642026-09-1419915,205Resale
3019 Hawks Landing Dr$629,800$3292026-09-1019951,913Resale
3129 Rue Royale$790,000$2782026-09-0420032,845Resale
3789 Meadow Vista Ln$661,600$2562026-09-0320262,582New
9737 Faraway Farm Road$685,000$2432026-09-0320082,818Resale
1491 Summerbrooke Dr$629,900$2432026-09-0320262,589New
2389 Sweet Valley Hts$685,000$2822026-08-3120212,425Resale
1628 Woodgate Way$637,000$2492026-08-3119762,560Resale
2868 Royal Isle Dr$852,000$2872026-08-3120032,968Resale
6981 Duck Cove Rd$1,200,000$3922026-08-3119843,062Resale
7083 Grenville Rd$2,925,000$4952026-08-3120225,914Resale
3146 Duxbury Ln$725,000$2052026-08-3120083,541Resale
1402 George Calvin Bess Jr Way$830,0002026-08-31Resale
8836 Winged Foot Dr$1,325,000$3232026-08-2819954,100Resale
6394 Belgrand Dr$815,000$2402026-08-2819963,389Resale
585 Knotted Pine Dr$619,900$2912026-08-2520242,130New
3101 Livingston Rd$640,000$1572026-08-2519854,081Resale
278 Rosehill Dr E$1,450,000$3632026-08-2419953,992Resale
4605 Forest Ridge Dr$675,000$2512026-08-2020132,689Resale
8983 Winged Foot Dr$1,125,000$2672026-08-2019894,213Resale
1205 Wax Wing Ct$640,000$2312026-08-1920012,775Resale
3909 Ardmore Ln$647,400$2512026-08-1420262,582New
2049 Solomon Ct$735,000$2832026-08-1420232,595Resale
1769 Vineyard Way$725,900$2722026-08-1419842,664Resale
10080 Mahan Dr$899,000$4562026-08-1420221,972Resale
2520 Double Eagle Ct$795,000$2342026-08-1420023,400Resale
1552 Summerbrooke Dr$834,800$2422026-08-1120263,447New
6402 Loma Farm Way$850,000$2982026-08-1120212,852Resale
2220 Armistead Rd$675,000$2242026-08-1019743,017Resale
7047 Ox Bow Rd$975,000$2042026-08-1020134,787Resale
2709 Wharton Circle$700,000$2612026-08-0719992,681Resale
2217 Thomasville Rd$1,865,000$4342026-08-0620164,301Resale
10945 Luna Point Rd$675,000$1692026-08-0619883,984Resale
6937 Grenville Rd$970,000$2192026-08-0520024,434Resale
3752 Tom John Ln$900,000$2312026-08-0519803,890Resale
9270 Shoal Creek Dr$975,000$3232026-08-0420163,023Resale
8991 Winged Foot Dr$1,050,000$2042026-08-0419875,135Resale
22545 Frances Way$660,000$3632026-08-0420201,820Resale
5059 Centennial Oak Cir$750,000$2272026-08-0319963,306Resale
3908 Bobbin Brook Cir$1,150,000$1472026-07-3119937,805Resale
730 E 6TH Ave Apt 1$645,000$2282026-07-3119352,835Resale
7042 Duck Cove Rd$880,000$2992026-07-3119822,946Resale
7521 Refuge Rd$621,300$2022026-07-3119933,074Resale
7877 Jared Way$2,250,000$4712026-07-3120244,777Resale
2909 Brandemere Dr$689,000$2602026-07-3019652,650Resale
125 Evening Shadow Ct$1,950,000$2982026-07-2920196,553Resale
4557 Highgrove Rd$715,000$2192026-07-2919903,265Resale
3873 Ardmore Ln$720,000$2792026-07-2820242,577Resale
6274 Hines Hill Cir$750,000$2812026-07-2819932,668Resale
8014 Susan Bradford Ln$2,875,000$4822026-07-2720225,969Resale
522 Knotted Pine Dr$640,000$2522026-07-2420232,535Resale
1504 Summerbrooke Dr$696,200$2702026-07-2320262,582New
7817 Mcclure Dr$720,000$2332026-07-2219893,090Resale
24212 Lanier St$700,000$2532026-07-2219542,769Resale
2125 Trescott Dr$640,000$2622026-07-2119812,444Resale
1305 Rachel Ln W$1,150,000$3412026-07-2020033,377Resale
1022 Lothian Dr$1,350,000$3562026-07-1719683,797Resale
5990 Colonel Scott Dr$925,000$3122026-07-1720002,965Resale
4315 Cripple Creek Rd$625,000$2262026-07-1719772,768Resale
2007 Middlewood Dr$825,000$2502026-07-1619893,300Resale
9132 Shoal Creek Dr$720,000$2112026-07-1619973,420Resale
3780 Longfellow Rd$685,000$2702026-07-1620112,539Resale
7096 Spicewood Ln$622,500$2292026-07-1520002,724Resale
5705 Groveton Ct$635,000$2492026-07-1520162,555Resale
3860 Ardmore Ln$1,055,000$3112026-07-1420233,389Resale
5351 Pembridge Pl$1,147,500$2472026-07-1419954,653Resale
9093 Old Chemonie Rd$675,000$2402026-07-1320032,814Resale
1111200080000$700,000$2002026-07-1019893,496Resale
2366 Mystic Pl$665,000$3082026-07-1020232,157Resale
5992 Hardy Croom Ct$977,500$2742026-07-0920033,571Resale
1119 Bannerman Rd$825,000$2572026-07-0820033,213Resale
1408 Pullen Rd$610,000$1582026-07-0819303,870Resale
8179 Glenmore Dr$822,000$2772026-07-0119972,972Resale
649 Knotted Pine Dr$613,400$2722026-07-0120262,255New
1471 Summerbrooke Dr$667,900$2592026-07-0120262,582New
9519 Starhawk Dr$999,000$1682026-07-0120035,945Resale
2351 Maple Leaf Way$1,420,000$3102026-07-0120244,587New
3900 Shamrock W$650,000$2142026-06-3019773,037Resale
3125 Rue Royale$780,000$2922026-06-3020032,673Resale
537 Williams St$1,010,000$2812026-06-3020163,595Resale
2130 Golden Eagle Dr W$1,059,000$2762026-06-3019993,841Resale
3592 Mossy Creek Ln$1,525,000$2332026-06-3020046,550Resale
9699 Dancing Rabbit Way$841,000$2752026-06-2920053,054Resale
3001 Golden Eagle Dr E$1,039,000$2272026-06-2920034,576Resale
8530 Congressional Dr$620,000$2342026-06-2919932,652Resale

Related Posts