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Southwood Home Sales Report October 2011

It's time for another look at Southwood home sales (the busiest neighborhood in Tallahassee). Currently, there are 46 homes for sale in Southwood in the Tallahassee MLS, and we are going to review the current status of this popular subdivision.

First of all, you can get detailed information on each sale from either the map below or the table at the end of this post (people who subscribe to the Tallahassee Real Estate Blog by email will need to click through to use the Map). Just click on the red dots on the map to quickly see sale prices, home sizes, and values.

Map Of Recent Home Sales In Southwood

Southwood Home Sales Prices

The real estate graph below makes it appear as if home prices are on the rise in Southwood. While it is a fact that the average home sales price in Southwood is higher this year, it does not mean that values are rising (more on this below).  The average sales price of a home sold in Southwood this year has been just under $283K, up 9% from $259K in 2010.

Southwood Home Prices Southwood Home Sales Values

Home values appear to be on the rise in Southwood, if we look at the real estate graph below that plots the overall averages. The average price per square foot of a home sold in Southwood this year has been $130, which is 5% higher than the $124 recorded in 2010. But with closer scrutiny, as we will see in the third and final graph, we will see what is happening with Southwood home sales.

Southwood Home Values Southwood Home Sales - New Versus Resales

When we break Southwood home sales down to new versus existing home sales, the truth is easy to see. The average cost to build a new home in Southwood has risen greatly this year, making the overall "average" appear higher. But looking at the real estate graph below, we see existing home sales values (blue line) are still on the decline. There are still hundreds of homes in Southwood that need to be sold, both in the Tallahassee MLS as well as the Shadow Inventory of Homes. Pricing pressures will not be going away in 2012, and we will see our sixth straight year of falling home values.

Southwood Home Sales

Recent Home Sales In Southwood

Address Sales Price Price/SQF Closing Date Year Built SQF Type
4632 GrovePark $468,000 $177 10/14/2011 2011 2,645 Existing
4146 Faulkner $442,500 $146 10/14/2011 2008 3,037 Existing
3721 RivertonTrail $155,000 $102 10/14/2011 2008 1,521 Existing
3815 Overlook Drive $205,000 $107 10/14/2011 2002 1,919 Existing
3762 LongfellowRoad $300,000 $125 10/12/2011 2011 2,400 New
4654 Grove Park $549,000 $174 9/30/2011 2006 3,150 Existing
3258 Thoreau Avenue $300,000 $148 9/30/2011 2006 2,027 Existing
3154 Dunbar Lane $565,000 $168 9/30/2011 2009 3,368 Existing
3206 Mossy Creek Lane $332,000 $120 9/29/2011 2011 2,767 New
4009 ColletonCourt $111,790 $84 9/29/2011 2002 1,324 Existing
3725 Overlook Drive $367,000 $146 9/26/2011 2003 2,521 Existing
3602 Strolling Way $347,947 $147 9/2/2011 2011 2,362 New
4043 Swift Way $185,000 $126 8/25/2011 2004 1,474 Existing
3044 Dickinson Drive $670,000 $138 8/25/2011 2008 4,864 Existing
4014 Blairstone Road $199,900 $111 8/25/2011 2005 1,794 Existing
4100 Raleigh Way $222,500 $109 8/19/2011 2006 2,045 Existing
3790 Piney GroveDrive $275,000 $103 8/12/2011 2006 2,664 Existing
3626 Strolling Way $311,211 $148 8/8/2011 2010 2,100 New
4252 Raleigh Way $205,000 $99 8/2/2011 2006 2,073 Existing
3789 Longfellow Road $519,000 $136 8/1/2011 2006 3,825 Existing
3190 Dunbar Lane $537,000 $157 7/29/2011 2011 3,426 New
4286 Avon ParkCircle $190,000 $97 7/29/2011 2004 1,966 Existing
3053 Four Oaks Blvd $288,000 $152 7/26/2011 2011 1,890 Existing
3606 Strolling Way $269,900 $149 7/22/2011 2011 1,809 New
3571 Strolling Way $274,900 $152 7/21/2011 2011 1,809 New
4065 Colleton Court $112,000 $85 7/19/2011 2003 1,324 Existing
2111 Merrifield Lane $215,000 $121 7/15/2011 2002 1,782 Existing
3161 Duxbury Ln $222,000 $136 7/12/2011 2006 1,632 Existing
3247 Newberry Boulevard $169,000 $119 7/5/2011 2003 1,416 Existing
3256 Appleton Drive $301,000 $142 7/5/2011 2005 2,113 Existing
3124 Mulberry Park Boulevard $286,500 $127 6/30/2011 2002 2,250 Existing
3780 Longfellow $321,500 $135 6/30/2011 2011 2,384 New
4059 Colleton Court $144,000 $97 6/30/2011 2003 1,483 Existing
3249 Newberry Blvd $178,500 $127 6/16/2011 2003 1,401 Existing
4138 Four Oaks Blvd $155,000 $102 6/13/2011 2007 1,521 Existing
3785 Longfellow Road $410,000 $117 6/13/2011 2007 3,516 Existing
3099 Dickinson Drive $336,500 $131 6/10/2011 2011 2,570 New
4070 Colleton Court $139,900 $94 6/3/2011 2003 1,483 Existing
2124 Fernleigh Drive $255,500 $111 5/31/2011 2003 2,308 Existing
3665 Longfellow Road $185,000 $117 5/31/2011 2004 1,584 Existing
3570 Four OaksBlvd $145,000 $104 5/31/2011 2005 1,394 Existing
4105 Raleigh Way $160,000 $113 5/27/2011 2006 1,416 Existing
3152 Nathaniel Trace $283,900 $142 5/27/2011 2011 2,005 New
2545 Twain Drive $207,000 $102 5/27/2011 2005 2,033 Existing
2988 Verdura Point Drive $225,000 $97 5/26/2011 2002 2,308 Existing
4067 Colleton Court $174,000 $100 5/23/2011 2003 1,744 Existing
3174 Baringer Hill Drive $435,000 $154 5/17/2011 2006 2,825 Existing
3258 Newberry Boulevard $158,000 $112 5/13/2011 2003 1,416 Existing
3120 Mist Flower Rd. $192,000 $137 5/2/2011 2009 1,400 Existing
4020 Colleton Court $118,000 $89 5/2/2011 2003 1,324 Existing
3594 Strolling Way $281,297 $155 4/30/2011 2010 1,809 New
3710 Longfellow Road $317,000 $118 4/22/2011 2004 2,681 Existing
3075 Bent Grass Lane $230,000 $104 4/21/2011 2010 2,212 Existing
2467 Goldenrod $309,900 $152 4/18/2011 2011 2,033 New
4022 Blair Stone Road $169,900 $111 4/18/2011 2005 1,524 Existing
3587 Strolling Way $349,750 $141 4/13/2011 2010 2,488 New
4308 Grove Park $205,000 $133 4/13/2011 2005 1,541 Existing
3950 Shumard Oak $215,000 $114 4/8/2011 2010 1,889 New
3590 Strolling Way $288,042 $144 4/8/2011 2010 2,005 New
3622 Strolling Way $277,404 $153 3/31/2011 2010 1,809 New
3972 Shumard Oaks Boulevard $135,000 $91 3/29/2011 2005 1,483 Existing
3799 Esplanade Way $179,900 $106 3/17/2011 2002 1,695 Existing
4097 Faulkner $406,500 $134 3/4/2011 2008 3,033 Existing
3760 Overlook Drive $295,000 $129 3/2/2011 2003 2,292 Existing
3202 Dunbar Lane $304,900 $131 3/1/2011 2010 2,333 New
3567 Strolling Way $312,999 $139 2/25/2011 2010 2,246 New
3154 Duxbury $328,000 $131 2/25/2011 2011 2,502 New
3910 Shumard Oaks Boulevard $145,000 $93 2/25/2011 2010 1,551 New
3198 Dunbar $525,000 $158 2/25/2011 2011 3,326 Existing
4151 Faulkner Lane $450,000 $151 2/25/2011 2007 2,989 Existing
3254 Belle Meade Trail $704,000 $175 2/16/2011 2005 4,012 Existing
3158 Buckhead Trace $255,000 $108 2/15/2011 2002 2,368 Existing
3630 Strolling Way $269,900 $149 2/15/2011 2010 1,809 New
4238 Avon Park Circle $143,000 $108 2/14/2011 2005 1,324 Existing
3054 Cummings Avenue $157,500 $113 2/9/2011 2006 1,394 Existing
4067 Colleton Court $148,000 $85 2/7/2011 2003 1,744 Existing
3574 Strolling Way $299,900 $143 1/28/2011 2010 2,100 New
2421 Orange Avenue $239,900 $110 1/28/2011 2010 2,181 New
3166 Dunbar Lane $506,099 $167 1/28/2011 2011 3,022 New
3613 Mossy Creek Way $659,000 $169 1/28/2011 2011 3,900 New
3169 Mulberry Park Blvd $135,000 $91 1/26/2011 2002 1,483 Existing
2525 Twain Drive $280,000 $111 1/26/2011 2005 2,530 Existing
3996 Shumard Oak Boulevard $90,250 $68 1/19/2011 2005 1,324 Existing
3753 Four Oaks Blvd $273,000 $127 1/13/2011 2002 2,156 Existing
3049 Merchants Row Blvd $143,000 $94 1/13/2011 2007 1,521 Existing
3243 Appleton Drive $470,000 $138 1/11/2011 2004 3,414 Existing
3242 Belle Meade Trail $380,000 $135 12/30/2010 2006 2,816 Existing
3312 Calumet Drive $145,000 $104 12/30/2010 2006 1,394 Existing
2464 Lantana Lane $305,000 $150 12/29/2010 2010 2,033 Existing
3606 Biltmore Avenue $178,000 $109 12/28/2010 2006 1,633 Existing
2570 Twain $321,000 $108 12/22/2010 2007 2,983 Existing
3250 Carollton $215,000 $122 12/21/2010 2004 1,767 Existing
4121 Fitzgerald Road $242,250 $106 12/20/2010 2006 2,275 Existing
3254 Carollton Dr $215,000 $112 12/10/2010 2003 1,914 Existing
4307 Four Oaks Boulevard $154,900 $89 12/1/2010 2006 1,744 Existing
3153 Buckhead Trace $222,500 $109 12/1/2010 2001 2,035 Existing
2425 Goldenrod Way $315,290 $150 11/30/2010 2010 2,100 Existing
2425 Orange Avenue $159,990 $115 11/12/2010 2010 1,393 New

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