Southwood Subdivision Home Sales Report
As one of the most active neighborhoods in Tallahassee, the Southwood Subdivision is important to monitor even if you do not live there. We always have to remember that the overall state of the Tallahassee housing market is influenced by all the homes for sale in our area.
Currently, there are 59 homes for sale in Southwood (listed in the Tallahassee MLS) and 9 of them are new construction and surprisingly "only" 20% of the homes listed are distressed properties. With all the lis pendens filed in Tallahassee in 2010, we are expecting significantly more than 20% of of our sales to be distressed properties.
Often times, readers are curious why I list relocation among the distressed properties. This is something that I started doing a few years ago when it became apparent that lenders were going to become very active in the disposition of real estate. As more of inventory of homes for sale are institutional in nature, we can certainly view homes with relocation contracts in a similar light as REO properties held by lenders.
Home Values Stabilizing In Southwood
As more distressed properties are entering the market, it is getting more difficult to produce historic trend reports without including a mile of caveats at the bottom of each graph. When trying to ascertain value trends (are home prices rising or falling?) in Southwood, we normally do not include sales that are not arms length, and the following real estate graph is the output that we receive.
Questions About Homes Sales In Southwood
The graph above does not include new construction sales, foreclosure sales, short sales, pre-foreclosure sales, nor reo property sales. Additionally, I am concerned about the growing supply of homes in Southwood that were recently offered for sale and failed, but have not yet been relisted for sale. What are recently failed home sellers in Southwood choosing to do? Can we expect a deluge of properties to hit the market in Southwood? If the market does not recover as fast as they would like, will Southwood see a run of strategic defaults?
I'm not picking on Southwood, I just don't have the time to analyze every neighborhood in Tallahassee, so I focus on the larger ones. Southwood has been very active with new construction in a market that is reeking of over-supply, so you can bet I will keep this Southeast Tallahassee neighborhood on my current and future watch lists.
Arms Length Home Sales In Southwood
| Southwood Address | Price | Home Size | Home Value | Age | Sale Date |
|---|---|---|---|---|---|
| 3243 APPLETON DR | 470,000 | 2952 | $159 | 2004 | 1/11/2011 |
| 3312 CALUMET DR | 145,000 | 1394 | $104 | 2006 | 1/5/2011 |
| 3242 BELLE MEADE TRL | 380,000 | 2816 | $135 | 2006 | 12/30/2010 |
| 2570 TWAIN DR | 321,000 | 2847 | $113 | 2007 | 12/22/2010 |
| 4121 FITZGERALD RD | 242,300 | 2275 | $107 | 2006 | 12/20/2010 |
| 3250 CAROLLTON DR | 215,000 | 1782 | $121 | 2004 | 12/17/2010 |
| 3254 CAROLLTON DR | 215,000 | 1882 | $114 | 2003 | 12/10/2010 |
| 4307 FOUR OAKS BLVD | 154,900 | 1744 | $89 | 2004 | 12/1/2010 |
| 3153 BUCKHEAD TRCE | 222,500 | 2035 | $109 | 2001 | 11/29/2010 |
| 3606 BILTMORE AVE | 178,000 | 1633 | $109 | 2006 | 11/19/2010 |
| 3165 BUCKHEAD TRCE | 229,000 | 2045 | $112 | 2002 | 10/28/2010 |
| 3794 PINEY GROVE DR | 550,000 | 3234 | $170 | 2003 | 10/28/2010 |
| 3590 FOUR OAKS BLVD | 149,000 | 1394 | $107 | 2005 | 10/27/2010 |
| 4052 SHADY VIEW LN | 245,000 | 2035 | $120 | 2004 | 10/26/2010 |
| 2123 SUNLIGHT TER | 283,000 | 3214 | $88 | 2004 | 10/22/2010 |
| 4063 COLLETON CT | 139,000 | 1483 | $94 | 2003 | 10/12/2010 |
| 4066 FOUR OAKS BLVD | $126,000 | 1,521 | $83 | 2007 | 9/29/2010 |
| 4043 SWIFT WAY | $172,000 | 1,474 | $117 | 2004 | 9/21/2010 |
| 3993 FOUR OAKS BLVD | $130,000 | 1,324 | $98 | 2001 | 9/20/2010 |
| 4229 SUMMERTREE DR | $335,000 | 2,486 | $135 | 2006 | 9/16/2010 |
| 2416 RAIN LILY WAY | $199,000 | 1,393 | $143 | 2009 | 9/10/2010 |
| 3187 DUNBAR LN | $690,000 | 3,984 | $173 | 2008 | 9/10/2010 |
| 3093 MERCHANTS ROW BLVD | $141,500 | 1,521 | $93 | 2007 | 9/9/2010 |
| 3771 LONGFELLOW RD | $344,000 | 2,629 | $131 | 2005 | 9/7/2010 |
| 4112 BILTMORE AVE | $315,000 | 2,368 | $133 | 2005 | 9/3/2010 |
| 2108 NEW DAWN RD | $215,000 | 2,219 | $97 | 2003 | 8/26/2010 |
| 4108 BILTMORE AVE | $297,500 | 2,250 | $132 | 2004 | 8/20/2010 |
| 3249 CAROLLTON DR | $390,000 | 2,815 | $139 | 2006 | 8/13/2010 |
| 4257 SUMMERTREE DR | $301,000 | 2,227 | $135 | 2006 | 8/13/2010 |
| 3158 CONE FLOWER DR | $207,000 | 1,400 | $148 | 2009 | 8/12/2010 |
| 3809 PINEY GROVE DR | $283,000 | 2,250 | $126 | 2003 | 8/6/2010 |
| 4640 GROVE PARK DR | $625,000 | 3,378 | $185 | 2004 | 7/30/2010 |
| 4226 AVON PARK CIR | $140,000 | 1,324 | $106 | 2005 | 7/26/2010 |
| 3682 MOSSY CREEK LN | $785,000 | 5,064 | $155 | 2005 | 7/22/2010 |
| 3793 CHANTICLEER CT | $495,000 | 3,282 | $151 | 2005 | 7/20/2010 |
| 3640 MOSSY CREEK LN | $780,000 | 5,091 | $153 | 2005 | 7/19/2010 |
| 4028 SHADY VIEW LN | $235,000 | 1,953 | $120 | 2004 | 7/1/2010 |
| 3258 SALINGER WAY | $300,000 | 2,237 | $134 | 2005 | 6/30/2010 |
| 3780 IVY GREEN TRL | $234,500 | 1,683 | $139 | 2002 | 6/30/2010 |
| 4122 FITZGERALD RD | $318,000 | 2,690 | $118 | 2006 | 6/30/2010 |
| 3299 SALINGER WAY | $275,000 | 2,264 | $121 | 2005 | 6/18/2010 |
| 3139 MULBERRY PARK BLVD | $155,000 | 1,744 | $89 | 2002 | 6/17/2010 |
| 3712 RIVERTON TRL | $275,000 | 2,812 | $98 | 2006 | 6/4/2010 |
| 2468 LANTANA LN | $275,000 | 2,284 | $120 | 2008 | 5/28/2010 |
| 3620 BILTMORE AVE | $180,000 | 1,394 | $129 | 2006 | 5/28/2010 |
| 4342 GROVE PARK DR | $255,000 | 1,962 | $130 | 2005 | 5/28/2010 |
| 3262 BELL MEADE TRL | $450,000 | 3,279 | $137 | 2006 | 5/27/2010 |
| 3775 LONGFELLOW RD | $305,000 | 2,220 | $137 | 2004 | 5/25/2010 |
| 3252 THOREAU AVE | $360,000 | 2,582 | $139 | 2007 | 5/19/2010 |
| 3632 BILTMORE AVE | $222,000 | 1,835 | $121 | 2006 | 5/18/2010 |
| 3252 THOREAU AVE | $285,000 | 2,582 | $110 | 2007 | 5/14/2010 |
| 3629 LONGFELLOW RD | $188,500 | 1,695 | $111 | 2006 | 5/7/2010 |
| 4051 SWIFT WAY | $199,900 | 1,394 | $143 | 2005 | 5/7/2010 |
| 4536 GROVE PARK DR | $695,000 | 3,571 | $195 | 2006 | 5/4/2010 |
| 3631 MOSSY CREEK LN | $685,000 | 3,347 | $205 | 2004 | 4/28/2010 |
| 3629 LONGFELLOW RD | $166,000 | 1,695 | $98 | 2006 | 4/26/2010 |
| 3173 MULBERRY PARK BLVD | $133,000 | 1,324 | $100 | 2002 | 4/15/2010 |
| 3972 GROVE PARK DR | $149,000 | 1,324 | $113 | 2002 | 4/8/2010 |
| 3080 INDIAN GRASS LN | $205,000 | 1,393 | $147 | 4/2/2010 | |
| 3760 OVERLOOK DR | $300,000 | 2,222 | $135 | 2003 | 3/19/2010 |
| 3134 BARINGER HILL DR | $551,200 | 4,286 | $129 | 2003 | 3/8/2010 |
| 3757 ESPLANADE WAY | $192,500 | 1,620 | $119 | 2003 | 3/3/2010 |
| 3245 THOREAU AVE | $300,000 | 2,374 | $126 | 2006 | 2/23/2010 |
| 4031 SWIFT WAY | $218,500 | 1,777 | $123 | 2005 | 2/23/2010 |
| 3731 FOUR OAKS BLVD | $255,000 | 1,896 | $134 | 2001 | 2/19/2010 |
| 3245 DUNLEITH LN | $265,000 | 2,156 | $123 | 2004 | 2/4/2010 |
| 4240 RALEIGH WAY | $227,500 | 1,632 | $139 | 2006 | 12/30/2009 |
| 3163 ANDELUSIA AVE | $310,000 | 2,228 | $139 | 2002 | 12/29/2009 |
| 4024 SHADY VIEW LN | $240,000 | 2,185 | $110 | 2004 | 12/24/2009 |
| 3226 SALINGER WAY | $310,000 | 2,335 | $133 | 2005 | 12/21/2009 |
| 3797 PINEY GROVE DR | $252,500 | 2,223 | $114 | 2003 | 12/17/2009 |
| 3792 WENTWORTH WAY | $336,100 | 2,330 | $144 | 2005 | 12/9/2009 |
| 2995 VERDURA POINT DR | $264,600 | 2,292 | $115 | 2005 | 12/7/2009 |
| 4103 KIPLING CT | $302,500 | 2,368 | $128 | 2006 | 11/25/2009 |
| 2128 DRAYTON DR | $361,000 | 2,529 | $143 | 2003 | 11/23/2009 |
| 3677 ESPLANADE WAY | $236,000 | 1,940 | $122 | 2003 | 11/20/2009 |
| 4107 KIPLING CT | $300,000 | 2,368 | $127 | 2006 | 11/18/2009 |
| 4073 COLLETON CT | $142,500 | 1,483 | $96 | 2003 | 11/16/2009 |
| 3728 IVY GREEN TRL | $235,000 | 1,620 | $145 | 2001 | 11/12/2009 |
| 3151 MULBERRY PARK BLVD | $159,000 | 1,324 | $120 | 2002 | 11/6/2009 |
| 4086 FOUR OAKS BLVD | $200,000 | 1,818 | $110 | 2007 | 11/6/2009 |
| 3746 LONGFELLOW RD | $465,000 | 3,870 | $120 | 2006 | 10/30/2009 |
| 2542 TWAIN DR | $420,000 | 2,586 | $162 | 2006 | 10/28/2009 |
| 3976 SHUMARD OAK BLVD | $159,200 | 1,324 | $120 | 2005 | 10/26/2009 |
| 3693 ESPLANADE WAY | $242,000 | 2,012 | $120 | 2003 | 10/15/2009 |
| 4251 RALEIGH WAY | $204,900 | 1,626 | $126 | 2006 | 10/15/2009 |
| 3745 OVERLOOK DR | $325,000 | 2,320 | $140 | 2003 | 10/8/2009 |
| 3250 CAROLLTON DR | $256,000 | 1,782 | $144 | 2004 | 10/7/2009 |
| 4089 COLLETON CT | $215,000 | 1,966 | $109 | 2003 | 9/29/2009 |
| 3647 MOSSY CREEK LN | $684,000 | 4,354 | $157 | 2003 | 9/28/2009 |
| 3093 MERCHANTS ROW BLVD | $155,000 | 1,521 | $102 | 2007 | 9/25/2009 |
| 3610 LONGFELLOW RD | $325,000 | 2,714 | $120 | 2006 | 9/25/2009 |
| 2131 SUNLIGHT TER | $260,000 | 2,030 | $128 | 2005 | 9/23/2009 |
| 4018 BLAIRSTONE RD | $175,000 | 1,394 | $126 | 2005 | 9/15/2009 |
| 3679 ESPLANADE WAY | $224,000 | 1,782 | $126 | 2003 | 9/14/2009 |
| 3722 LONGFELLOW RD | $350,000 | 2,225 | $157 | 2003 | 9/14/2009 |
| 3622 BILTMORE AVE | $194,000 | 1,394 | $139 | 2006 | 9/11/2009 |
| 3232 WHITMAN WAY | $305,000 | 2,707 | $113 | 2006 | 9/10/2009 |
| 2107 MERRIFIELD LN | $225,000 | 1,620 | $139 | 2003 | 9/8/2009 |
| 4117 FITZGERALD RD | $302,000 | 2,357 | $128 | 2006 | 9/4/2009 |
| 3745 FOUR OAKS BLVD | $253,000 | 2,021 | $125 | 2001 | 9/3/2009 |
| 3258 THOREAU AVE | $325,000 | 2,027 | $160 | 2006 | 9/1/2009 |
| 4235 RALEIGH WAY | $183,000 | 1,394 | $131 | 2006 | 8/28/2009 |
| 4560 GROVE PARK DR | $550,000 | 3,819 | $144 | 2006 | 8/28/2009 |
| 3158 BARINGER HILL DR | $375,000 | 2,794 | $134 | 2002 | 8/26/2009 |
| 3653 ESPLANADE WAY | $217,500 | 1,940 | $112 | 2003 | 8/21/2009 |
| 3757 FOUR OAKS BLVD | $255,000 | 2,045 | $125 | 2002 | 8/17/2009 |
| 3254 NEWBERRY BLVD | $194,000 | 1,401 | $138 | 2004 | 8/14/2009 |
| 4042 BLAIRSTONE RD | $190,000 | 1,644 | $116 | 2005 | 8/6/2009 |
| 3214 YEATS AVE | $255,500 | 2,021 | $126 | 2005 | 7/31/2009 |
| 4106 FOUR OAKS BLVD | $165,000 | 1,521 | $108 | 2007 | 7/31/2009 |
| 4298 PARK CROSSING TRL | $159,000 | 1,324 | $120 | 2005 | 7/24/2009 |
| 4338 GROVE PARK DR | $255,000 | 1,962 | $130 | 2005 | 7/24/2009 |
| 3153 BARINGER HILL DR | $365,000 | 3,016 | $121 | 2002 | 7/22/2009 |
| 3614 LONGFELLOW RD | $269,900 | 1,650 | $164 | 2006 | 7/15/2009 |
| 3805 PINEY GROVE DR | $265,000 | 2,368 | $112 | 2003 | 7/10/2009 |
| 3245 DUNLEITH LN | $256,000 | 2,156 | $119 | 2004 | 6/30/2009 |
| 4286 PARK CROSSING TRL | $190,000 | 1,966 | $97 | 2005 | 6/19/2009 |
| 3157 BUCKHEAD TRCE | $245,000 | 1,953 | $125 | 2002 | 6/15/2009 |
| 2452 RAIN LILY WAY | $245,000 | 1,656 | $148 | 6/12/2009 | |
| 3785 LONGFELLOW RD | $320,500 | 3,385 | $95 | 2007 | 6/11/2009 |
| 3245 DUNLEITH LN | $252,200 | 2,156 | $117 | 2004 | 6/10/2009 |
| 3665 LONGFELLOW RD | $246,000 | 1,584 | $155 | 2004 | 6/9/2009 |
| 3161 MULBERRY PARK BLVD | $235,000 | 1,966 | $120 | 2002 | 5/29/2009 |
| 3249 UPDIKE RD | $428,800 | 2,622 | $164 | 2005 | 5/29/2009 |
| 3791 WENTWORTH WAY | $566,400 | 3,914 | $145 | 2007 | 5/29/2009 |
| 4274 AVON PARK CIR | $177,000 | 1,744 | $101 | 2004 | 5/27/2009 |
| 2112 NEW DAWN RD | $249,900 | 1,893 | $132 | 2003 | 5/18/2009 |
| 3149 BARINGER HILL DR | $291,000 | 2,988 | $97 | 2005 | 5/8/2009 |
| 3236 WHITMAN WAY | $369,000 | 2,368 | $156 | 2006 | 5/1/2009 |
| 3777 FOUR OAKS BLVD | $240,000 | 1,893 | $127 | 2002 | 4/30/2009 |
| 4077 COLLETON CT | $155,000 | 1,324 | $117 | 2003 | 4/22/2009 |
| 4221 SUMMERTREE DR | $284,000 | 2,073 | $137 | 2006 | 4/22/2009 |
| 4243 RALEIGH WAY | $220,000 | 1,394 | $158 | 2006 | 4/8/2009 |
| 3295 SALINGER WAY | $290,000 | 2,368 | $122 | 2004 | 3/27/2009 |
| 3669 ESPLANADE WAY | $225,000 | 1,782 | $126 | 2003 | 3/26/2009 |
| 4244 GROVE PARK DR | $270,000 | 1,876 | $144 | 2005 | 3/9/2009 |
| 4300 GROVE PARK DR | $264,500 | 1,584 | $167 | 2005 | 3/9/2009 |
| 3246 SALINGER WAY | $307,000 | 2,242 | $137 | 2005 | 2/27/2009 |
| 3995 FOUR OAKS BLVD | $169,900 | 1,483 | $115 | 2001 | 2/20/2009 |
| 3791 OVERLOOK DR | $235,000 | 1,953 | $120 | 2003 | 1/28/2009 |
| 3728 BILTMORE AVE | $237,000 | 1,683 | $141 | 2004 | 1/20/2009 |
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