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Southwood Year End Home Sales Report

Home sales in Southwood in 2012 will record their second worst year since homes 2002.

As we head into the last week of the year in 2012, only 99 homes have sold and closed in Southwood.

Continued Depreciation In Southwood

Currently, there are 55 homes for sale in Southwood in the Tallahassee MLS, and distressed home sales are not out of control, posting a small decline in 2012.

Southwood Home values declined 1.8% in 2012, all the while new construction prices were on the rise. Will we finally see new construction die down in Southwood in 2013?

Southwood Home Values

It is highly likely that we will see Southwood home values decline in 2013, as distressed properties for sale will have far less competition from new home sales.

We know there are plenty more to clear from the shadow inventory, only the pace at which they flow into the market will determine how fast the real estate recovery occurs.

Recent Home Sales In Southwood

Address Sales Price Price/SQF Closing Date Year Built SQF Type
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
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
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 Dickinson  Drive $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 Riverton  Trail $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 Overlook  Drive $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 View  Lane $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 Surrat  Lane $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

I hope you enjoyed our year end report on home sales in Southwood, please return again to find more Tallahassee neighborhood reports.

Discussion

#1 By Chris Keller at 7/11/2017 3:47 AM

Something is off in your chart. Between 2001 and 2011 there were almost 1500 new homes built and sold in Southwood. The numbers listed for new home sales don't seem to reflect that.

#2 By Joe Manausa, MBA at 7/11/2017 3:47 AM

Chris, I'm travelling right now and do not have access to my database, but I suspect the answer lies in the data source. The graph you are looking at is what is contained in the Tallahassee MLS, so not all sales are present. Many new home sales occur outside of the MLS.

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