Southwood Real Estate Market Report
Posted by Joe Manausa on Monday, February 25, 2013 at 12:08 PM
By Joe Manausa / February 25, 2013
Comment
As one of the most active neighborhoods in Tallahassee, the Southwood real estate market is worth watching as its own entity.
There are trends occurring for Southwood real estate that are fairly unique and localized to the homes located in Southwood, but it's a large enough part of the Tallahassee housing market that the impact will be felt throughout Tallahassee.
Currently, there are 47 homes for sale in Southwood in the Tallahassee MLS, and there might be as much as four times that amount growing in the "pent up" supply.
Southwood Real Estate - New Construction Versus Current Homeowners
The real estate graph above shows that still one in four home sales in Southwood is new construction (blue line), with builders being able to attract buyers with brand new homes at prices which are competitive with the existing homes for sale.
This additional inventory is not helping homeowners who are trying to sell Southwood real estate, and it's a contributing factor in the rise in distressed home sales (red line) which now has exceeded 31% of all Southwood home sales.
The graph below shows the cost of building new homes in the Southwood real estate market is no longer falling, and we are seeing the new construction trend finally declining. But even as new construction prices are set to reach the $150 per square foot level, existing Southwood real estate values continue to decline.
The information in these graphs is not sufficient to determine the specific value of any home or lot in the Southwood real estate market, but the trends are indicative of the direction of current values.
Recent Sales In The Southwood Real Estate Market
| Address | Sales Price | Price/SQF | Closing Date | Year Built | SQF | Type |
| 4264 Four Oaks Blvd | $197,900 | $109 | 2/22/2013 | 2009 | 1,818 | Arms Length |
| 2566 Twain | $402,000 | $141 | 2/20/2013 | 2006 | 2,861 | Arms Length |
| 3985 Four OaksBoulevard | $139,000 | $105 | 2/19/2013 | 2003 | 1,324 | Arms Length |
| 3728 Ivy Green Trail | $230,000 | $142 | 2/15/2013 | 2003 | 1,620 | Arms Length |
| 3748 Biltmore | $290,000 | $141 | 2/15/2013 | 2005 | 2,059 | Distressed |
| 3797 Chanticleer Ct | $206,000 | $127 | 2/14/2013 | 2001 | 1,620 | Arms Length |
| 4190 Four Oaks Boulevard | $165,000 | $108 | 1/31/2013 | 2008 | 1,521 | Arms Length |
| 3056 Indian Grass Lane | $214,000 | $153 | 1/31/2013 | 2009 | 1,400 | Arms Length |
| 3160 Nathaniel Trace | $282,900 | $148 | 1/31/2013 | 2012 | 1,918 | Arms Length |
| 3174 Duxbury Ln | $343,901 | $171 | 1/30/2013 | 2012 | 2,007 | Arms Length |
| 3628 Biltmore Ave | $147,500 | $106 | 1/25/2013 | 2005 | 1,394 | Distressed |
| 3672 Biltmore Avenue | $190,000 | $123 | 1/25/2013 | 2004 | 1,541 | Arms Length |
| 2521 Twain Drive | $300,000 | $125 | 1/24/2013 | 2005 | 2,394 | Distressed |
| 4032 Colleton Court | $139,600 | $105 | 1/16/2013 | 2003 | 1,324 | Arms Length |
| 4278 Avon Park Circle | $130,000 | $98 | 1/15/2013 | 2004 | 1,324 | Distressed |
| 3147 Nathaniel Trace | $306,888 | $153 | 1/2/2013 | 2012 | 2,007 | Arms Length |
| 3752 Biltmore Avenue | $293,900 | $134 | 12/28/2012 | 2004 | 2,200 | Arms Length |
| 2440 Rain Lily Way | $185,000 | $132 | 12/28/2012 | 2010 | 1,400 | Arms Length |
| 2451 E Orange Av | $326,500 | $112 | 12/27/2012 | 2008 | 2,914 | Arms Length |
| 2460 Lantana Lane | $230,000 | $139 | 12/20/2012 | 2012 | 1,651 | Arms Length |
| 2501 Twain Drive | $275,000 | $115 | 12/14/2012 | 2006 | 2,394 | Distressed |
| 3243 Endicott | $471,500 | $150 | 12/13/2012 | 2013 | 3,134 | Arms Length |
| 3191 Nathaniel Trace | $304,900 | $145 | 12/12/2012 | 2012 | 2,100 | Arms Length |
| 3780 Biltmore Ave. | $322,000 | $111 | 12/10/2012 | 2009 | 2,899 | Distressed |
| 4386 Grove Park Dr | $239,000 | $118 | 12/6/2012 | 2005 | 2,034 | Arms Length |
| 2482 Goldenrod Way | $334,900 | $116 | 11/30/2012 | 2008 | 2,893 | Arms Length |
| 2404 Rain Lily Way | $192,500 | $120 | 11/30/2012 | 2010 | 1,601 | Arms Length |
| 4129 Faulkner Lane | $425,000 | $148 | 11/30/2012 | 2005 | 2,865 | Arms Length |
| 3180 Nathaniel Trace | $295,813 | $154 | 11/30/2012 | 2012 | 1,918 | Arms Length |
| 3798 Piney Grove Drive | $399,900 | $149 | 11/30/2012 | 2010 | 2,692 | Arms Length |
| 4252 Four Oaks Blvd | $165,000 | $108 | 11/28/2012 | 2009 | 1,521 | Arms Length |
| 4036 Colleton Court | $134,000 | $101 | 11/26/2012 | 2003 | 1,324 | Arms Length |
| 3258 Updike Avenue | $402,700 | $158 | 11/23/2012 | 2012 | 2,555 | Distressed |
| 3130 Mulberry Park Boulevard | $285,000 | $120 | 11/21/2012 | 2002 | 2,368 | Arms Length |
| 4258 Raleigh Way | $190,000 | $92 | 11/16/2012 | 2006 | 2,073 | Distressed |
| 4520 Grove Park Dr | $600,000 | $128 | 11/16/2012 | 2007 | 4,680 | Distressed |
| 3033 Four Oaks Boulevard | $250,000 | $132 | 11/16/2012 | 2012 | 1,900 | Distressed |
| 3737 Four Oaks | $190,000 | $113 | 11/15/2012 | 2001 | 1,683 | Arms Length |
| 3242 Endicott Drive | $431,000 | $144 | 11/14/2012 | 2005 | 3,003 | Arms Length |
| 3258 Updike | $402,685 | $158 | 11/13/2012 | 2012 | 2,555 | Arms Length |
| 3566 Strolling Way | $365,000 | $150 | 11/12/2012 | 2012 | 2,428 | Arms Length |
| 3184 Nathaniel Trace | $282,298 | $148 | 11/9/2012 | 2012 | 1,913 | Arms Length |
| 3172 Nathaniel Trace | $285,961 | $150 | 11/2/2012 | 2012 | 1,904 | Arms Length |
| 4126 Faulkner Ln | $455,500 | $144 | 10/31/2012 | 2007 | 3,159 | Arms Length |
| 3595 Mossy Creek Lane | $740,000 | $172 | 10/31/2012 | 2004 | 4,294 | Arms Length |
| 3583 Strolling Way | $307,294 | $153 | 10/30/2012 | 2012 | 2,007 | Arms Length |
| 3167 Mulberry Park Boulevard | $159,000 | $107 | 10/26/2012 | 2002 | 1,483 | Arms Length |
| 2483 Goldenrod Way | $289,000 | $151 | 10/19/2012 | 2012 | 1,918 | Arms Length |
| 3154 Buckhead Trace | $285,000 | $127 | 10/12/2012 | 2002 | 2,237 | Arms Length |
| 3582 Strolling Way | $330,360 | $154 | 10/10/2012 | 2012 | 2,144 | Arms Length |
| 3782 Piney Grove Dr | $420,000 | $138 | 10/2/2012 | 2002 | 3,054 | Distressed |
| 4270 Avon Park Cir | $148,000 | $100 | 9/28/2012 | 2004 | 1,483 | Arms Length |
| 3575 Strolling Way | $277,298 | $146 | 9/28/2012 | 2012 | 1,904 | Arms Length |
| 3068 DickinsonDrive | $375,000 | $144 | 9/27/2012 | 2012 | 2,600 | Arms Length |
| 3256 Whitman Way | $268,000 | $113 | 9/27/2012 | 2005 | 2,368 | Distressed |
| 3249 Carollton Dr | $355,000 | $138 | 9/24/2012 | 2006 | 2,574 | Arms Length |
| 3159 Nathaniel Trace | $309,900 | $146 | 9/21/2012 | 2012 | 2,124 | Arms Length |
| 2120 Sunlight Terrace | $287,500 | $120 | 9/21/2012 | 2007 | 2,403 | Arms Length |
| 3243 Carollton Drive | $455,000 | $114 | 9/21/2012 | 2006 | 4,002 | Arms Length |
| 3021 Four Oaks Blvd | $302,900 | $132 | 9/19/2012 | 2011 | 2,288 | Distressed |
| 4036 Shady View | $224,900 | $115 | 9/12/2012 | 2004 | 1,953 | Arms Length |
| 3709 RivertonTrail | $225,000 | $113 | 9/10/2012 | 2006 | 1,993 | Distressed |
| 2102 Merrifield Lane | $205,000 | $104 | 9/7/2012 | 2003 | 1,966 | Arms Length |
| 3756 OverlookDrive | $398,000 | $123 | 8/31/2012 | 2012 | 3,236 | Arms Length |
| 4010 S Blair Stone Road | $175,002 | $99 | 8/30/2012 | 2005 | 1,760 | Distressed |
| 4078 Four Oaks Boulevard | $165,000 | $108 | 8/29/2012 | 2007 | 1,521 | Arms Length |
| 3249 Thoreau Avenue | $292,500 | $124 | 8/27/2012 | 2005 | 2,368 | Arms Length |
| 3741 Esplanade Way | $215,000 | $121 | 8/24/2012 | 2003 | 1,782 | Arms Length |
| 3174 Coneflower | $180,700 | $109 | 8/24/2012 | 2009 | 1,656 | Distressed |
| 3192 Nathaniel Trace | $314,900 | $157 | 8/20/2012 | 2012 | 2,007 | Arms Length |
| 3156 Nathaniel Trce | $269,900 | $149 | 8/17/2012 | 2011 | 1,809 | Arms Length |
| 3222 Salinger Way | $319,900 | $124 | 8/17/2012 | 2005 | 2,580 | Arms Length |
| 2492 Lantana Lane | $255,400 | $106 | 8/16/2012 | 2007 | 2,402 | Arms Length |
| 3987 Four Oaks Blvd | $150,000 | $101 | 8/10/2012 | 2001 | 1,483 | Arms Length |
| 3252 Whitman Way | $320,000 | $116 | 8/10/2012 | 2005 | 2,764 | Arms Length |
| 4275 Raleigh Way | $203,000 | $98 | 7/31/2012 | 2006 | 2,067 | Distressed |
| 3005 Dickinson Drive | $225,000 | $126 | 7/31/2012 | 2005 | 1,782 | Arms Length |
| 4235 Raleigh Way | $200,000 | $139 | 7/31/2012 | 2006 | 1,444 | Arms Length |
| 3751 Overlook Dr | $365,000 | $134 | 7/27/2012 | 2003 | 2,726 | Arms Length |
| 3809 Piney Grove Drive | $262,000 | $116 | 7/27/2012 | 2003 | 2,250 | Arms Length |
| 3163 Nathaniel Trace | $302,404 | $151 | 7/20/2012 | 2012 | 2,007 | Arms Length |
| 3171 Mulberry Park Blvd. | $155,000 | $89 | 7/13/2012 | 2002 | 1,744 | Distressed |
| 2471 Goldenrod Way | $250,000 | $135 | 7/13/2012 | 2012 | 1,850 | Arms Length |
| 4032 Shady ViewLane | $248,000 | $122 | 6/29/2012 | 2004 | 2,027 | Arms Length |
| 3608 Biltmore Avenue | $175,000 | $107 | 6/27/2012 | 2006 | 1,633 | Distressed |
| 3910 Shumard Oak | $155,000 | $102 | 6/25/2012 | 2010 | 1,521 | Arms Length |
| 3008 Dickinson Drive | $380,000 | $103 | 6/25/2012 | 2007 | 3,691 | Arms Length |
| 3246 Belle Meade Trail | $385,000 | $107 | 6/20/2012 | 2007 | 3,612 | Distressed |
| 3254 Stanhope Drive | $223,000 | $99 | 6/18/2012 | 2003 | 2,250 | Distressed |
| 4024 Colleton Court | $118,000 | $89 | 6/14/2012 | 2003 | 1,324 | Distressed |
| 4290 Park Crossing Trl | $125,000 | $83 | 6/11/2012 | 2005 | 1,511 | Distressed |
| 4260 Summertree Dr | $220,000 | $110 | 6/8/2012 | 2006 | 1,997 | Distressed |
| 3690 Biltmore Avenue | $175,000 | $110 | 6/1/2012 | 2005 | 1,584 | Distressed |
| 4085 Faulkner Lane | $455,100 | $145 | 5/23/2012 | 2011 | 3,134 | Arms Length |
| 2471 Goldenrod Way | $289,000 | $142 | 5/23/2012 | 2012 | 2,036 | Arms Length |
| 3725 Riverton Trail | $161,500 | $106 | 5/22/2012 | 2008 | 1,521 | Arms Length |
| 3562 Four Oaks | $208,000 | $117 | 5/11/2012 | 2005 | 1,780 | Arms Length |
| 3082 SurratLane | $414,000 | $151 | 5/11/2012 | 2012 | 2,748 | Arms Length |
| 3124 Mulberry Park Blvd | $280,000 | $124 | 5/1/2012 | 2002 | 2,250 | Arms Length |
| 3665 Mossy Creek Lane | $650,000 | $130 | 4/27/2012 | 2002 | 4,990 | Arms Length |
| 3665 Longfellow Road | $170,000 | $107 | 4/27/2012 | 2004 | 1,584 | Arms Length |
| 3218 Salinger | $450,000 | $143 | 4/16/2012 | 2007 | 3,153 | Arms Length |
| 3570 Strolling Way | $279,709 | $155 | 4/16/2012 | 2011 | 1,809 | Arms Length |
| 4114 Faulkner Drive | $335,000 | $131 | 4/9/2012 | 2012 | 2,555 | Arms Length |
| 3558 Four Oaks Blvd | $157,000 | $89 | 4/6/2012 | 2005 | 1,760 | Distressed |
| 3769 Piney Grove Drive | $247,850 | $130 | 3/31/2012 | 2002 | 1,905 | Arms Length |
| 3095 Dickinson Drive | $444,000 | $130 | 3/30/2012 | 2011 | 3,412 | Arms Length |
| 2500 Twain Drive | $275,000 | $126 | 3/29/2012 | 2006 | 2,184 | Distressed |
| 3258 Belle Meade Trail | $507,310 | $103 | 3/29/2012 | 2005 | 4,940 | Distressed |
| 3753 Four Oaks Boulevard | $262,000 | $122 | 3/23/2012 | 2002 | 2,156 | Arms Length |
| 3262 Salinger Way | $320,000 | $124 | 3/19/2012 | 2004 | 2,580 | Arms Length |
| 3757 Esplanade Way | $184,000 | $114 | 3/15/2012 | 2003 | 1,620 | Arms Length |
| 3740 Biltmore Avenue | $205,000 | $127 | 3/6/2012 | 2004 | 1,620 | Arms Length |
| 3157 Mulberry Park Boulevard | $120,000 | $91 | 3/2/2012 | 2002 | 1,324 | Distressed |
| 2558 Twain Drive | $333,500 | $136 | 2/15/2012 | 2011 | 2,450 | Distressed |
| 3178 Coneflower Drive | $267,000 | $118 | 1/31/2012 | 2008 | 2,260 | Arms Length |
| 3578 Strolling Way | $278,800 | $154 | 1/31/2012 | 2011 | 1,809 | Arms Length |
| 2565 Twain Drive | $542,500 | $122 | 1/27/2012 | 2008 | 4,456 | Distressed |
| 3103 Dickinson Drive | $323,500 | $122 | 1/20/2012 | 2012 | 2,657 | Arms Length |
| 2448 Rain Lily Way | $233,900 | $135 | 1/19/2012 | 2011 | 1,738 | Arms Length |
| 3797 Piney Grove Drive | $249,000 | $106 | 1/5/2012 | 2003 | 2,344 | Arms Length |
If you are thinking of selling a home in the Southwood real estate market, just drop me a note and we can show you how to leap ahead of your competition and get your home sold fast.
Post a Comment