Summerbrooke Neighborhood Home Sales Report
It's time for another quick update of a popular Tallahassee neighborhood. Today we'll take a quick peek at Summerbrooke, a golf course community located on the Northeast side of the Tallahassee real estate market.
In order to produce this report, I went to all recorded home sales in Summerbrooke and removed the "non arms length" sales. This means that if a bank was a buyer or seller, or if a quit claim deed was recorded, that information was not used for this report. Additionally, I only used existing home sales, so no builder homes were included in this report.
The resulting information should give people who own a home in Summerbrooke an idea of what the competition looks like should they decide to sell a home. Of course, this is not an appraisal for a specific home, as no final adjustments will be considered (for example, this report will show average prices, but will not distinguish between the higher valued golf course frontage homes and those on the interior).
The Number Of Home Sales In Summerbrooke Continues To Decline
Much like many other Tallahassee neighborhoods, Summerbrooke is seeing fewer homes sold this year than in the past few years. But unlike many other Tallahassee subdivisions, this trend started in 2003, not in 2005 or 2006.
The red bars in the real estate graph above represent the number of homes sold in Summerbrooke each year. In 2003, there were over 70, yet this year through May there have been only 9 (again, arms length sales only). Additionally, we see that the average home price, based upon these sales, has dropped from 2006 by nearly $130K. But look at the prices in 2003 when so many sales were recorded and you will see that the current price of a home in Summerbrooke is higher!
Home Values Have Dropped In Summerbrooke
Not surprisingly, home values show a decline in Summerbrooke as well. Without doing extensive research, one simple way to estimate real estate depreciation (or appreciation) is to compare a large group of properties' average square footage prices over time. When we look at home values in Summerbrooke, we see a gigantic rise, followed by sharp fall-off.
Recent Existing Home Sales In Summerbrooke
| Parcel Address | Price | SqFt HC | Sale Date |
| 7912 PRESERVATION RD | 315,000 | 2239 | 5/22/2009 |
| 1359 CONSERVANCY CT E | 277,500 | 2153 | 5/7/2009 |
| 7110 HERITAGE RIDGE RD | 369,000 | 2523 | 5/6/2009 |
| 7510 PRESERVATION RD | 485,000 | 2847 | 5/6/2009 |
| 7516 PRESERVATION RD | 376,000 | 2450 | 4/24/2009 |
| 1346 CONSERVANCY DR E | 385,000 | 2940 | 4/3/2009 |
| 1228 GREENSWARD DR | 460,000 | 3032 | 4/3/2009 |
| 7845 PRESERVATION RD | 240,000 | 2151 | 3/16/2009 |
| 8086 RONDS POINTE CT | 370,000 | 2448 | 1/12/2009 |
| 7477 PRESERVATION RD | 550,000 | 3641 | 12/10/2008 |
| 7708 PRESERVATION RD | 410,000 | 2910 | 12/5/2008 |
| 1144 GREENSWARD DR | 365,000 | 2799 | 12/2/2008 |
| 1383 CONSERVANCY DR E | 360,000 | 2700 | 11/24/2008 |
| 8116 BLENHEIM LN | 342,900 | 2448 | 11/21/2008 |
| 1435 CONSERVANCY DR E | 439,000 | 2961 | 10/31/2008 |
| 8129 VIBURNUM CT | 390,000 | 2891 | 10/27/2008 |
| 7585 PRESERVATION RD | 440,000 | 3217 | 9/12/2008 |
| 917 SUMMERBROOKE DR | 535,000 | 3018 | 9/5/2008 |
| 7133 WOODED GORGE RD | 440,000 | 3622 | 8/1/2008 |
| 1108 GREENSWARD DR | 452,500 | 3203 | 7/30/2008 |
| 1209 CONSERVANCY DR E | 315,000 | 2318 | 7/9/2008 |
| 1435 CONSERVANCY DR E | 440,000 | 2961 | 6/30/2008 |
| 1224 GREENSWARD DR | 540,000 | 3386 | 6/30/2008 |
| 512 SUMMERBROOKE DR | 450,000 | 2530 | 6/27/2008 |
| 1378 CONSERVANCY DR E | 415,000 | 2661 | 6/20/2008 |
| 1060 SUMMERBROOKE DR | 460,000 | 3004 | 6/10/2008 |
| 1400 CONSERVANCY DR E | 380,000 | 2573 | 5/15/2008 |
| 1304 CONSERVANCY DR E | 435,000 | 2813 | 5/1/2008 |
| 1112 LOCHKNOLL CT | 630,000 | 3717 | 4/25/2008 |
| 883 HILL ROOST RD | 319,300 | 2178 | 3/21/2008 |
| 8136 VIBURNUM CT | 380,000 | 2768 | 3/21/2008 |
| 874 HILL ROOST RD | 489,900 | 3158 | 3/21/2008 |
| 1391 CONSERVANCY DR E | 365,000 | 2437 | 3/5/2008 |
| 7083 SPICEWOOD LN | 315,000 | 2128 | 1/31/2008 |
| 7540 PRESERVATION RD | 465,000 | 2728 | 1/18/2008 |
| 7116 WOODED GORGE RD | 390,000 | 2360 | 1/7/2008 |
| 7695 WILLOW BASTIC CT | 365,000 | 2501 | 1/5/2008 |
| 7684 PRESERVATION RD | 373,000 | 2543 | 12/27/2007 |
| 7993 PRESERVATION RD | 385,000 | 2570 | 12/27/2007 |
| 940 SUMMERBROOKE DR | 365,000 | 2543 | 11/16/2007 |
| 1113 LOCHKNOLL CT | 800,000 | 4037 | 11/5/2007 |
| 7501 REFUGE RD | 505,000 | 2847 | 11/2/2007 |
| 7727 PRESERVATION RD | 470,000 | 2578 | 10/31/2007 |
| 1328 CONSERVANCY DR E | 450,000 | 2859 | 10/30/2007 |
| 8071 LONGMEADOW DR | 355,000 | 2694 | 10/15/2007 |
| 1112 GREENSWARD DR | 330,000 | 2338 | 10/9/2007 |
| 7923 PRESERVATION RD | 475,000 | 2625 | 8/20/2007 |
| 7064 SPICEWOOD LN | 357,000 | 1939 | 8/15/2007 |
| 1307 CONSERVANCY DR E | 360,000 | 2233 | 8/15/2007 |
| 6999 SPICEWOOD LN | 399,900 | 3002 | 8/13/2007 |
| 1348 CONSERVANCY DR E | 525,000 | 2732 | 8/7/2007 |
| 6680 SPICEWOOD LN | 435,000 | 2837 | 7/27/2007 |
| 7542 REFUGE RD | 490,000 | 2954 | 7/23/2007 |
| 7767 PRESERVATION RD | 385,900 | 2474 | 7/6/2007 |
| 7959 PRESERVATION RD | 400,000 | 2476 | 7/3/2007 |
| 7898 PRESERVATION RD | 387,000 | 2181 | 6/29/2007 |
| 8157 PARTERRE CT | 420,000 | 2458 | 6/15/2007 |
| 1212 CONSERVANCY DR E | 509,900 | 2615 | 6/8/2007 |
| 1144 GREENSWARD DR | 430,000 | 2808 | 6/4/2007 |
| 317 SUMMERBROOKE DR | 440,000 | 2359 | 6/1/2007 |
| 7733 CRICKLEWOOD DR | 500,000 | 2608 | 5/31/2007 |
| 980 SUMMERBROOKE DR | 387,500 | 2526 | 4/23/2007 |
| 8060 PRESERVATION RD | 439,000 | 2901 | 4/2/2007 |
| 7128 UPLAND GLADE | 337,900 | 2377 | 3/30/2007 |
| 7140 WOODED GORGE RD | 443,000 | 2673 | 3/30/2007 |
| 7130 NESTERS DR | 491,500 | 3027 | 3/30/2007 |
| 7036 HERITAGE RIDGE RD | 460,000 | 3187 | 3/19/2007 |
| 1431 CONSERVANCY DR E | 360,000 | 2428 | 3/12/2007 |
| 7757 CRICKLEWOOD DR | 430,000 | 2678 | 2/28/2007 |
| 7133 WOODED GORGE RD | 400,000 | 3622 | 2/28/2007 |
| 7575 PRESERVATION RD | 499,000 | 3110 | 2/27/2007 |
| 1204 WAX WING CT | 315,000 | 2035 | 2/23/2007 |
| 1244 CONSERVANCY DR E | 465,000 | 2683 | 2/16/2007 |
| 1315 CONSERVANCY DR E | 370,000 | 2328 | 2/2/2007 |
| 1156 RONDS POINTE DR E | 459,900 | 2806 | 1/18/2007 |
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