Southwood Year End Home Sales Report
Posted by Joe Manausa on Thursday, December 27, 2012 at 8:00 AM
By Joe Manausa / December 27, 2012
2 Comments
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?
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
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.
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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