Southwood Home Sales Report
As home values continue to decline, we would expect to start seeing the number of home sales start to rise. Unfortunately, we are not yet seeing that with Southwood home sales, nor most of the rest of the Tallahassee real estate market. Currently, both unit sales and home values are still on the decline for much of Tallahassee.
Southwood in Tallahassee is one of the rare neighborhoods where new home sales make up a good percentage of the real estate activity. The Tallahassee MLS is currently showing about 1 in every 3 Southwood home sales are new construction, therefore we are seeing a rise in the average sales price.
Average Prices Rising In Southwood Home Sales
Southwood Home Sales Average Values Are Higher
Due to the strength of new Southwood home sales, the average value is higher this year than it was last year. Without further exploration, one could make the incorrect conclusion that we are seeing real estate appreciation in Southwood.
Southwood Home Sales Show Large Divide Between Existing And New
Existing Southwood home sales (blue line below) are still showing values decline, while new homes are selling at a premium. When we break them apart, it is clear that existing home sellers are still seeing depreciation, as new home sales are adding to the competition. The list of homes for sale in Southwood is still growing.
Home sellers in Southwood need to understand that while it appears values are rising, the fact is that new home sales are only adding to the opportunities for buyers. They are willing to pay a premium for new homes, but if you want to sell a home in Southwood, you will have to compete against the other existing home sellers. Values are declining and that means a sale today will yield more for you than a sale in the coming years.
Recent Home Sales In Southwood
| Address | SP | Price/SQF | Closing Date | Year Built | SQF |
| 3626 Strolling Way | $311,211 | $148 | 8/8/2011 | 2010 | 2,100 |
| 4252 RALEIGH WAY | $205,000 | $99 | 8/2/2011 | 2006 | 2,073 |
| 3789 Longfellow Road | $519,000 | $136 | 8/1/2011 | 2006 | 3,825 |
| 3190 Dunbar Lane | $537,000 | $157 | 7/29/2011 | 2011 | 3,426 |
| 4286 Avon Park Circle | $190,000 | $97 | 7/29/2011 | 2004 | 1,966 |
| 3053 Four Oaks Blvd | $288,000 | $152 | 7/26/2011 | 2011 | 1,890 |
| 3606 Strolling Way | $269,900 | $149 | 7/22/2011 | 2011 | 1,809 |
| 3571 Strolling Way | $274,900 | $152 | 7/21/2011 | 2011 | 1,809 |
| 4065 Colleton Court | $112,000 | $85 | 7/19/2011 | 2003 | 1,324 |
| 2111 Merrifield Lane | $215,000 | $121 | 7/15/2011 | 2002 | 1,782 |
| 3161 DUXBURY LN | $222,000 | $136 | 7/12/2011 | 2006 | 1,632 |
| 3256 Appleton Drive | $301,000 | $142 | 7/5/2011 | 2005 | 2,113 |
| 3247 Newberry Boulevard | $169,000 | $119 | 7/5/2011 | 2003 | 1,416 |
| 3780 Longfellow | $321,500 | $135 | 6/30/2011 | 2011 | 2,384 |
| 3124 Mulberry Park Boulevard | $286,500 | $127 | 6/30/2011 | 2002 | 2,250 |
| 4059 Colleton Court | $144,000 | $97 | 6/30/2011 | 2003 | 1,483 |
| 3249 Newberry Blvd | $178,500 | $127 | 6/16/2011 | 2003 | 1,401 |
| 3785 Longfellow Road | $410,000 | $117 | 6/13/2011 | 2007 | 3,516 |
| 4138 Four Oaks Blvd | $155,000 | $102 | 6/13/2011 | 2007 | 1,521 |
| 3099 Dickinson Drive | $336,500 | $131 | 6/10/2011 | 2011 | 2,570 |
| 4070 Colleton Court | $139,900 | $94 | 6/3/2011 | 2003 | 1,483 |
| 3570 Four Oaks BLVD | $145,000 | $104 | 5/31/2011 | 2005 | 1,394 |
| 3665 LONGFELLOW ROAD | $185,000 | $117 | 5/31/2011 | 2004 | 1,584 |
| 2124 Fernleigh Drive | $255,500 | $111 | 5/31/2011 | 2003 | 2,308 |
| 2545 Twain Drive | $207,000 | $102 | 5/27/2011 | 2005 | 2,033 |
| 3152 Nathaniel Trace | $283,900 | $142 | 5/27/2011 | 2011 | 2,005 |
| 4105 Raleigh Way | $160,000 | $113 | 5/27/2011 | 2006 | 1,416 |
| 2988 Verdura Point Drive | $225,000 | $97 | 5/26/2011 | 2002 | 2,308 |
| 4067 Colleton Court | $174,000 | $100 | 5/23/2011 | 2003 | 1,744 |
| 3174 Baringer Hill Drive | $435,000 | $154 | 5/17/2011 | 2006 | 2,825 |
| 3258 Newberry Boulevard | $158,000 | $112 | 5/13/2011 | 2003 | 1,416 |
| 3120 MIST FLOWER RD. | $192,000 | $137 | 5/2/2011 | 2009 | 1,400 |
| 4020 Colleton Court | $118,000 | $89 | 5/2/2011 | 2003 | 1,324 |
Please check back from time to time for more updates on Southwood home sales.
Post a Comment