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 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 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.
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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