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Southwood Home Sales Report May 2011

Existing Home sales in Southwood, like in much of the rest of the Tallahassee real estate market, are still falling. Currently, the values in this popular Tallahassee neighborhood are similar to those found in 2004, meaning that most people who have purchased or refinanced their home in the past 7 years are upside-down.

Despite falling prices, new homes are still being built and sold, currently at an average rate of four per month. These homes seem attractive since they are hitting the market at new construction prices similar to what was seen in Southwood back in 2005 ... but it's not 2005 anymore.

New Construction Home Sales In Southwood

The following real estate graph shows the one-year trend of new construction home sales in Southwood, with average monthly sales in blue (left axis) and average home values (right axis). The rise in new home sales that parallels the Homebuyer Tax Credit period appears to be returning to pre-stimulus levels.

Southwood New Construction Home Sales Image

Existing Home Sales In Southwood

The sale of existing homes in Southwood (resales) seems to be picking up the slack of the slowing new home sales, but this is being fueled by falling prices. Note the red value line dropping down to levels last seen in 2004.

Southwood Existing Home Sales Image

Existing Home Sales Values In Southwood

The following trends graph shows that the past 6 months in Southwood has seen a rapid decline in the values of existing homes in Southwood. We anticipated this would occur as new home construction was adding to the inventory of homes for sale in Southwood. With a shortage of homebuyers in our current market, we have to maintain a vigilant eye on supply and demand. The new construction competition has created additional competition for the homeowners who need to sell, thus the rapid depreciation levels that we are now seeing.

Southwood Existing Home Values Image

High-End Home Sales In Southwood

During the peak of the housing market boom, there were many high-end homes sold in Southwood, but the drop of the market has seen a significant fall-off for these homes. The yellow box shows that from 2005 to 2008, there were quite a few homes that were sold above $500K in Southwood, but prior to that period, and since, high-end homes in Southwood have not been popular with homebuyers. High-end home sellers in Southwood will need to utilize the best real estate internet marketing plan available to get a home sold in today's housing market.

High End Home Sales In Southwood Image

Recent Home Sales In Southwood

New / Resale Southwood Address Price SqFt HC Value Sale Date
N 3587 STROLLING WAY $349,800 2,488 $141 4/12/2011
R 3950 SHUMARD OAK BLVD $215,000 1,889 $114 4/8/2011
N 3590 STROLLING WAY $288,100 2,005 $144 4/8/2011
N 3762 LONGFELLOW RD $300,000 2,438 $123 3/30/2011
R 3972 SHUMARD OAK BLVD $135,000 1,483 $91 3/29/2011
R 3799 ESPLANADE WAY $179,900 1,695 $106 3/24/2011
R 3075 BENT GRASS LN $255,000 2,181 $117 3/18/2011
N 3622 STROLLING WAY $277,500 1,809 $153 3/11/2011
R 4029 COLLETON CT $112,800 1,324 $85 3/7/2011
R 4097 FAULKNER LN $406,500 3,033 $134 3/4/2011
R 3760 OVERLOOK DR $295,000 2,174 $136 3/1/2011
R 3910 SHUMARD OAK BLVD $145,000 1,551 $93 2/25/2011
R 4151 FAULKNER LN $450,000 2,938 $153 2/25/2011
N 3567 STROLLING WAY $313,000 2,246 $139 2/25/2011
R 3254 BELLE MEADE TRL $704,000 4,012 $175 2/16/2011
R 3158 BUCKHEAD TRCE $255,000 2,368 $108 2/15/2011
N 3630 STROLLING WAY $269,900 1,809 $149 2/15/2011
N 3154 DUXBURY LN $328,000 2,502 $131 2/14/2011
R 4238 AVON PARK CIR $143,000 1,324 $108 2/11/2011
R 3054 CUMMINGS AVE $157,500 1,394 $113 2/9/2011
R 4067 COLLETON CT $148,000 1,744 $85 2/7/2011
R 2421 ORANGE AVE E $239,900 2,181 $110 1/28/2011
N 3166 DUNBAR LN $506,100 3,022 $167 1/28/2011
N 3574 STROLLING WAY $299,900 2,100 $143 1/28/2011
R 2525 TWAIN DR $280,000 2,507 $112 1/26/2011
R 3169 MULBERRY PARK BLVD $135,000 1,483 $91 1/26/2011
R 3049 MERCHANTS ROW BLVD $143,000 1,521 $94 1/13/2011
R 3753 FOUR OAKS BLVD $273,000 2,156 $127 1/13/2011
R 3996 SHUMARD OAK BLVD $90,300 1,324 $68 1/13/2011
R 3243 APPLETON DR $470,000 2,952 $159 1/11/2011
R 3312 CALUMET DR $145,000 1,394 $104 1/5/2011
R 3242 BELLE MEADE TRL $380,000 2,816 $135 12/30/2010
N 2464 LANTANA LN $305,000 2,033 $150 12/29/2010
R 2570 TWAIN DR $321,000 2,847 $113 12/22/2010
R 4121 FITZGERALD RD $242,300 2,275 $107 12/20/2010
R 3250 CAROLLTON DR $215,000 1,782 $121 12/17/2010
R 3254 CAROLLTON DR $215,000 1,882 $114 12/10/2010
R 4307 FOUR OAKS BLVD $154,900 1,744 $89 12/1/2010
N 2425 GOLDENROD WAY $315,300 2,100 $150 11/30/2010
R 3153 BUCKHEAD TRCE $222,500 2,035 $109 11/29/2010
R 3606 BILTMORE AVE $178,000 1,633 $109 11/19/2010
N 2425 ORANGE AVE E $160,000 1,393 $115 11/12/2010
R 3165 BUCKHEAD TRCE $229,000 2,045 $112 10/28/2010
R 3794 PINEY GROVE DR $550,000 3,234 $170 10/28/2010
R 3590 FOUR OAKS BLVD $149,000 1,394 $107 10/27/2010
R 4052 SHADY VIEW LN $245,000 2,035 $120 10/26/2010
R 2123 SUNLIGHT TER $283,000 3,214 $88 10/22/2010
Resale 4063 COLLETON CT $139,000 1,483 $94 10/12/2010
New 2409 ORANGE AVE E $169,900 1,393 $122 9/30/2010
Resale 4066 FOUR OAKS BLVD $126,000 1,521 $83 9/29/2010
New 2417 ORANGE AVE E $159,900 1,393 $115 9/29/2010
New 3910 SHUMARD OAK BLVD $129,400 1,551 $83 9/29/2010
New 3076 INDIAN GRASS LN $219,400 1,588 $138 9/28/2010
New 3162 CONE FLOWER DR $321,300 2,570 $125 9/28/2010
New 2421 ORANGE AVE E $200,000 2,181 $92 9/27/2010
New 3798 PINEY GROVE DR $355,300 2,584 $138 9/27/2010
New 2444 RAIN LILY WAY $230,500 1,588 $145 9/22/2010
Resale 4043 SWIFT WAY $172,000 1,474 $117 9/21/2010
Resale 3993 FOUR OAKS BLVD $130,000 1,324 $98 9/20/2010
Resale 4229 SUMMERTREE DR $335,000 2,486 $135 9/16/2010
New 3906 SHUMARD OAK BLVD $190,900 1,889 $101 9/16/2010
Resale 2416 RAIN LILY WAY $199,000 1,393 $143 9/10/2010
Resale 2570 TWAIN DR $608,400 2,847 $214 9/10/2010
Resale 3187 DUNBAR LN $690,000 3,984 $173 9/10/2010
Resale 3790 PINEY GROVE DR $418,600 2,664 $157 9/10/2010
New 2413 ORANGE AVE E $205,000 2,088 $98 9/10/2010
New 3025 FOUR OAKS BLVD $198,800 1,393 $143 9/10/2010
New 3918 SHUMARD OAK BLVD $190,000 1,889 $101 9/10/2010
Resale 3093 MERCHANTS ROW BLVD $141,500 1,521 $93 9/9/2010
New 3914 SHUMARD OAK BLVD $150,000 1,551 $97 9/9/2010
Resale 3771 LONGFELLOW RD $344,000 2,629 $131 9/7/2010
Resale 4112 BILTMORE AVE $315,000 2,368 $133 9/3/2010
New 2428 RAIN LILY WAY $250,000 2,181 $115 8/31/2010
New 3186 CONE FLOWER DR $210,000 1,588 $132 8/30/2010
Resale 2108 NEW DAWN RD $215,000 2,219 $97 8/26/2010
New 3190 CONE FLOWER DR $274,900 2,181 $126 8/25/2010
New 3029 FOUR OAKS BLVD $365,000 3,033 $120 8/23/2010
Resale 4108 BILTMORE AVE $297,500 2,250 $132 8/20/2010
Resale 3249 CAROLLTON DR $390,000 2,815 $139 8/13/2010
Resale 4257 SUMMERTREE DR $301,000 2,227 $135 8/13/2010
Resale 3158 CONE FLOWER DR $207,000 1,400 $148 8/12/2010
Resale 3809 PINEY GROVE DR $283,000 2,250 $126 8/6/2010
Resale 4640 GROVE PARK DR $625,000 3,378 $185 7/30/2010
New 2412 RAIN LILY WAY $211,500 1,757 $120 7/30/2010
New 4058 FOUR OAKS BLVD $228,000 2,280 $100 7/29/2010
Resale 4226 AVON PARK CIR $140,000 1,324 $106 7/26/2010
New 4304 FOUR OAKS BLVD $150,000 1,551 $97 7/23/2010
Resale 3682 MOSSY CREEK LN $785,000 5,064 $155 7/22/2010
Resale 3793 CHANTICLEER CT $495,000 3,282 $151 7/20/2010
Resale 3640 MOSSY CREEK LN $780,000 5,091 $153 7/19/2010
New 3724 RIVERTON TRL $150,000 1,551 $97 7/19/2010
Resale 4028 SHADY VIEW LN $235,000 1,953 $120 7/1/2010
Resale 3258 SALINGER WAY $300,000 2,237 $134 6/30/2010
Resale 3780 IVY GREEN TRL $234,500 1,683 $139 6/30/2010
Resale 3780 IVY GREEN TRL $234,500 1,683 $139 6/30/2010
Resale 4122 FITZGERALD RD $318,000 2,690 $118 6/30/2010
New 3716 RIVERTON TRL $207,200 1,889 $110 6/29/2010
New 3720 RIVERTON TRL $174,900 1,551 $113 6/29/2010
New 3934 SHUMARD OAK BLVD $191,300 1,889 $101 6/29/2010
New 3926 SHUMARD OAK BLVD $150,000 1,551 $97 6/28/2010
New 3930 SHUMARD OAK BLVD $145,000 1,551 $93 6/25/2010
New 3922 SHUMARD OAK BLVD $190,400 1,889 $101 6/23/2010
New 3150 CONE FLOWER DR $336,900 3,060 $110 6/22/2010
Resale 3299 SALINGER WAY $275,000 2,264 $121 6/18/2010
New 3079 BENT GRASS LN $258,000 2,088 $124 6/18/2010
New 3938 SHUMARD OAK BLVD $191,600 1,889 $101 6/18/2010
Resale 3139 MULBERRY PARK BLVD $155,000 1,744 $89 6/17/2010
New 3942 SHUMARD OAK BLVD $154,100 1,551 $99 6/17/2010
New 3946 SHUMARD OAK BLVD $147,500 1,551 $95 6/17/2010
New 3728 RIVERTON TRL $222,700 1,889 $118 6/16/2010
New 3068 INDIAN GRASS LN $265,400 2,093 $127 6/15/2010
New 3950 SHUMARD OAK BLVD $196,800 1,889 $104 6/15/2010
Resale 3142 BARINGER HILL DR $146,000 4,144 $35 6/12/2010
New 4288 FOUR OAKS BLVD $150,000 1,551 $97 6/10/2010
New 2432 RAIN LILY WAY $194,000 1,393 $139 6/9/2010
Resale 3712 RIVERTON TRL $275,000 2,812 $98 6/4/2010
New 2436 RAIN LILY WAY $204,400 1,588 $129 6/3/2010
Resale 2468 LANTANA LN $275,000 2,284 $120 5/28/2010
Resale 3620 BILTMORE AVE $180,000 1,394 $129 5/28/2010
Resale 4342 GROVE PARK DR $255,000 1,962 $130 5/28/2010
Resale 3262 BELL MEADE TRL $450,000 3,279 $137 5/27/2010
New 2440 RAIN LILY WAY $194,200 1,393 $139 5/27/2010
New 4268 FOUR OAKS BLVD $145,000 1,551 $93 5/27/2010
New 4316 FOUR OAKS BLVD $190,000 1,889 $101 5/27/2010
New 4190 FOUR OAKS BLVD $265,000 1,521 $174 5/26/2010
New 4308 FOUR OAKS BLVD $150,000 1,551 $97 5/26/2010
Resale 3775 LONGFELLOW RD $305,000 2,220 $137 5/25/2010
New GROVE PARK DR $495,000 2,505 $198 5/24/2010
New 4296 FOUR OAKS BLVD $190,000 1,889 $101 5/21/2010
New 2404 RAIN LILY WAY $206,000 1,588 $130 5/20/2010
New 3075 BENT GRASS LN $264,000 2,181 $121 5/20/2010
New 4312 FOUR OAKS BLVD $150,000 1,551 $97 5/20/2010
Resale 3252 THOREAU AVE $360,000 2,582 $139 5/19/2010
New 4284 FOUR OAKS BLVD $151,600 1,551 $98 5/19/2010
Resale 3632 BILTMORE AVE $222,000 1,835 $121 5/18/2010
New 3100 MIST FLOWER RD $344,800 3,060 $113 5/17/2010
Resale 3252 THOREAU AVE $285,000 2,582 $110 5/14/2010
New 4300 FOUR OAKS BLVD $154,900 1,551 $100 5/11/2010
Resale 3629 LONGFELLOW RD $188,500 1,695 $111 5/7/2010
Resale 4051 SWIFT WAY $199,900 1,394 $143 5/7/2010
Resale 4536 GROVE PARK DR $695,000 3,571 $195 5/4/2010
Resale 3631 MOSSY CREEK LN $685,000 3,347 $205 4/28/2010
Resale 3629 LONGFELLOW RD $166,000 1,695 $98 4/26/2010
New 2408 RAIN LILY WAY $230,800 2,093 $110 4/20/2010
Resale 3173 MULBERRY PARK BLVD $133,000 1,324 $100 4/15/2010
New 4292 FOUR OAKS BLVD $209,600 1,889 $111 4/9/2010
Resale 3972 GROVE PARK DR $149,000 1,324 $113 4/8/2010
Resale 2525 TWAIN DR $289,300 2,507 $115 4/2/2010
Resale 3080 INDIAN GRASS LN $205,000 1,393 $147 4/2/2010
New 2420 RAIN LILY WAY $217,000 1,588 $137 3/30/2010
New 4280 FOUR OAKS BLVD $210,000 1,889 $111 3/30/2010
Resale 3760 OVERLOOK DR $300,000 2,222 $135 3/19/2010
Resale 3134 BARINGER HILL DR $551,200 4,286 $129 3/8/2010
Resale 3757 ESPLANADE WAY $192,500 1,620 $119 3/3/2010
New 2424 RAIN LILY WAY $208,400 1,393 $150 2/26/2010
Resale 3245 THOREAU AVE $300,000 2,374 $126 2/23/2010
Resale 4031 SWIFT WAY $218,500 1,777 $123 2/23/2010
Resale 3731 FOUR OAKS BLVD $255,000 1,896 $134 2/19/2010
New 3271 ENDICOTT DR $470,000 3,600 $131 2/16/2010
Resale 3245 DUNLEITH LN $265,000 2,156 $123 2/4/2010
Resale 4150 FOUR OAKS BLVD $84,700 2,280 $37 1/16/2010
New 4146 FAULKNER LN $400,000 2,961 $135 1/14/2010

   

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