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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 Prices 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 Values

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.

Southwood Home Sales

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.

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