Which Way Will Southwood Home Sales Go?

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We have been keeping a close eye on Southwood home sales for several years, and I believe we might be experiencing a significant shift in this popular Southeast Tallahassee neighborhood.

Currently, there are 59 homes for sale in Southwood, and the composition of sale types is changing.

The graph on the right measures two important trends for existing homeowners in Southwood, the new construction trend as well as the distressed Southwood home sales trend.

These trends will tell us much about future home values in Southwood.

Southwood Home Sales Graph

When we break Southwood home sales down to “new” versus “resale,” we find a pleasant graph showing that both are seeing a rise in values. Had we not first seen the graph above, then the real estate graph below would have made us think that a real estate recovery has begun.

Southwood Home Sales Graph

Distressed Southwood Home Sales

We can look at a division of Southwood home sales based upon whether or not the sales were “arms length” or “distressed,” and when we do, we something that is cause for concern and certainly reason to keep monitoring the growing trend.

Southwood Home Sales

The graph above shows that arms length home values are rising slightly, but distressed home sale values have plummeted. Why is this such a concern?

We can identify the following trends from the combination of all three graphs:

  • New units are selling at higher cost (value)
  • New unit construction is declining
  • Arms length unit sales are declining
  • Distressed unit sales are rising
  • Arms length values are rising moderately
  • Distressed values are falling fast

So what does this all mean? I suspect the many holdouts in the resale side of Southwood are no longer able to wait, and demand in Southwood has been being filled with new construction.

I will be watching to see if a rush of distressed properties hits the market (like we have been observing over the past 24 months). If this continues, it is likely we will see new construction come to a near halt while low-value distressed properties for sale fill the demand in the market.

Recent Southwood Home Sales

Home Sales in Southwood

AddressPricePrice / SQFClosing DateYear BuiltSQFSale Type
2545 Lantana Ln$525,000$2462026-09-3020162,137Resale
3179 Nathaniel Trce$491,000$2522026-09-2820131,946Resale
3158 Coneflower Dr$330,000$2362026-09-2320091,400Resale
3248 Appleton Dr$540,000$1812026-09-2120062,983Resale
3686 Longfellow Rd$470,000$1982026-09-1820042,379Resale
4075 Four Oaks Blvd$399,900$2362026-09-1120261,695New
2496 Mount Vernon Ln$475,000$2162026-09-0320222,195Resale
2496 Lantana Ln$599,900$1822026-09-0320073,289Resale
3147 Mulberry Park Blvd$299,000$2022026-09-0320021,483Resale
4370 Grove Park Dr Unit 1$420,000$2142026-09-0320051,962Resale
3146 Duxbury Ln$725,000$2052026-08-3120083,541Resale
3242 Stanhope Dr$567,000$2272026-08-2820032,495Resale
2512 Goldenrod Way$514,900$2492026-08-2620142,068Resale
2421 Orange Ave E$435,000$1992026-08-2120102,181Resale
3976 Shumard Oak Blvd$260,000$1962026-08-0520051,324Resale
4073 Four Oaks Blvd$410,700$2422026-07-3020261,695New
3121 Mulberry Park Blvd$350,000$2012026-07-2820021,744Resale
2130 Fielding Way$415,000$1452026-07-2020032,869Resale
3780 Longfellow Rd$685,000$2702026-07-1620112,539Resale
2133 Drayton Dr$542,000$2012026-07-1320022,691Resale
3592 Mossy Creek Ln$1,525,000$2332026-06-3020046,550Resale
4061 Brownstone Way$381,200$2122026-06-3020251,799New
3068 Dickinson Dr$650,000$2492026-06-2920122,608Resale
2527 Blue Ridge Dr$545,000$2532026-06-2220212,150Resale
4286 Raleigh Way$400,000$2212026-06-2220061,813Resale
3951 Cottage Farm Rd$415,000$2322026-06-1720241,788Resale
2509 Twain Dr$555,000$2312026-06-1520052,400Resale
2552 Mount Vernon Ln$460,000$2722026-06-1520191,692Resale
4279 Raleigh Way$414,900$2472026-06-1220061,679Resale
4012 Colleton Ct$255,000$1722026-06-0520021,483Resale
4280 Four Oaks Blvd$322,000$1772026-06-0520101,818Resale
3653 Esplanade Way$425,000$2192026-06-0420031,940Resale
3566 Four Oaks Blvd$330,000$2012026-05-2920051,644Resale
3260 Coneflower Dr$419,000$2652026-05-2820171,582Resale
3297 Jasmine Hill Rd$626,000$2502026-05-2620202,504Resale
4065 Four Oaks Blvd$403,900$2382026-05-2620251,695New
2506 Blue Ridge Dr$565,000$2372026-05-2220232,385Resale
2466 Goldenrod Way$565,000$1972026-05-2220072,868Resale
3635 Mossy Creek Ln$1,295,000$3332026-05-2220053,892Resale
4334 Grove Park Dr$445,200$2272026-05-2220051,962Resale
2554 Goldenrod Way$419,000$2902026-05-2020141,447Resale
3260 Thoreau Ave$637,000$2472026-05-2020062,580Resale
3006 Cummings Ave$382,500$2112026-05-1520051,813Resale
4061 Four Oaks Blvd$420,000$2482026-05-1520251,695New
4270 Park Crossing Trl$275,000$2082026-05-1520051,324Resale
4275 Four Oaks Blvd$263,000$1992026-05-0820041,324Resale
3385 Jasmine Hill Rd$615,000$2852026-05-0420192,155Resale
4315 Four Oaks Blvd$406,000$2072026-05-0420041,966Resale
2123 Fernleigh Dr$490,000$1742026-05-0120042,812Resale
4067 Four Oaks Blvd$409,900$2422026-04-3020251,695New
4548 Grove Park Dr$1,000,000$3392026-04-3020082,951Resale
4640 Grove Park Dr$1,295,000$2762026-04-2920044,700Resale
3255 Salinger Way$515,000$2172026-04-2420042,368Resale
4000 Colleton Ct$295,000$1992026-04-2320021,483Resale
2128 Drayton Dr$557,000$2192026-04-1620032,549Resale
3963 Cottage Farm Rd$420,000$2352026-04-1520241,788Resale
3754 Cunard Dr$655,000$2102026-04-1320023,125Resale
4005 Four Oaks Blvd$589,000$2812026-04-1020252,097New
4221 Summertree Dr$469,000$2262026-04-1020062,073Resale
2501 Twain Dr$535,000$2232026-04-0820062,394Resale
4003 Four Oaks Blvd$619,000$2772026-04-0720252,231New
4016 Shady View Ln$435,000$2232026-04-0120051,953Resale
1945 Tree Swallow Dr$440,000$1732026-03-3020252,550New
3733 Longfellow Rd$675,000$2652026-03-2720032,550Resale
3200 Coneflower Dr$427,800$2732026-03-2520171,569Resale
4572 Grove Park Dr$1,000,000$2652026-03-2020063,778Resale
1933 Tree Swallow Dr$468,000$1842026-03-0620252,550New
2472 Lantana Ln$435,000$1342026-03-0220073,246Resale
4269 Summertree Dr$385,000$2362026-02-2720061,632Resale
3769 Piney Grove Dr$422,000$2222026-02-2020021,905Resale
2500 Goldenrod Way$601,000$2942026-02-1820142,047Resale
3996 Cottage Farm Rd$445,000$2052026-02-1820252,174New
4238 Avon Park Cir$268,000$2022026-02-1620051,324Resale
3249 Whitman Way$520,000$2542026-02-1220052,045Resale
4025 Colleton Ct$335,000$1922026-02-0620021,744Resale
3571 Strolling Way$492,900$2702026-01-3020111,828Resale
1942 Tree Swallow Dr$419,900$1652026-01-2620252,550New
3724 Riverton Trl$314,900$2072026-01-0620101,521Resale
4063 Four Oaks Blvd$399,900$2362026-01-0520251,695New
3997 Brownstone Way$350,000$1952025-12-3120251,799New
4021 Shady View Ln$445,000$2182025-12-3020042,045Resale
4000 Cottage Farm Rd$390,000$2182025-12-2920241,788New
1937 Tree Swallow Dr$384,800$2142025-12-2920251,799New
1941 Tree Swallow Dr$330,000$2092025-12-2920251,580New
3745 Longfellow Rd$625,000$2432025-12-1920032,574Resale
3562 Strolling Way$525,000$2492025-12-1620112,105Resale
4057 Brownstone Way$330,000$2092025-12-1620251,580New
2409 Goldenrod Way$642,500$2332025-12-1220072,758Resale
3805 Piney Grove Dr$560,000$2362025-12-1220032,368Resale
3258 Appleton Dr$545,000$1892025-12-1120042,887Resale
4057 Four Oaks Blvd$433,900$2562025-12-1020251,695New
1946 Tree Swallow Dr$390,000$2172025-12-0520251,799New
1934 Tree Swallow Dr$419,000$2332025-11-2620251,799New
1949 Tree Swallow Dr$360,000$2002025-11-2620251,799New
1938 Tree Swallow Dr$413,300$2302025-11-2520251,799New
2462 Goldenrod Way$597,500$2112025-11-2120072,831Resale
4069 Colleton Ct$265,000$1792025-11-1720031,483Resale
3052 Indian Grass Ln$510,000$2342025-11-1420092,181Resale
3674 Mossy Creek Ln$685,000$2592025-11-1220022,644Resale
4075 Colleton Ct$284,000$2152025-11-0720031,324Resale

I hope this Southwood Home Sales Report has provided the information you were seeking, and if you want to know more about selling your Southwood home, just drop me a note to schedule a time to review your specific situation and value.

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