Fewer homes will sell in Woodland Drives in 2016 than in any of the past four years, but it’s not due to low demand! Only two homes are on the market right now, and one is already under contract. Properly priced homes do not hang around very long.
Indian Head Acres and Lehigh home values averaged $92 per square foot in 2016. This is very near land values, meaning the real property upon the land has been discounted to nearly zero because of the housing market collapse of ten years ago.
18 of the 20 houses in Camelot Park that have been listed for sale this year are either sold and closed or already under contract. It is now clearly a seller’s market in Camelot Park.
The average value for homes sold this year has been $107 per square foot, which is considerably higher than we reported just three months ago. Home values are rising, not falling, in Woodland Drives..
If you are looking for a place to live that is in downtown Tallahassee, consider the hot neighborhoods of Indian Head Acres and
In this report, we have included all homes listed for sale in Camelot Park, all past home sales going back to 1991, and graphs showing trends for home price, home values and home sizes.
Average home prices soared last year but have reversed trend this year. The average sales price of a Woodland Drives home in 2016 has been $179,975.
Home sales in Indian Head Acres & Lehigh have been brisk thus far in 2016, and if the pace continues, it will be the best year on record for more than ten years.
Camelot Park home prices in 2015 averaged $150,700, which means you can still get a single family home in Camelot Park for a price that townhouses were fetching during the market peak. Don’t expect this to last much longer.
In 2015, there were 21 closed home sales in Woodland Drives, meaning the pace of home sales was the best we’ve seen for more than 9 years
Indian Head Acres home values are $93 per square foot. This is down 24% since the market peak was reached in 2007, and up 13% since the bottom in 2012.
Camelot Park home values have moved 3% higher this year, though they remain just 4% off the bottom of the market established in 2011
Woodland Drives home prices are 5% lower in 2015 versus 2014, and current prices are roughly 24% below the highest level recorded in 2007
Updated housing report for Indian Head Acres and Lehigh, adjacent neighborhoods in the heart of downtown Tallahassee.
If you own a home in Camelot Park and would like to move, now is a great time to take advantage of the highest demand we’ve seen for your neighborhood since 2002.
Through mid July, the average value of a home sold in Woodland Drives is 22% below those recorded at the peak of the market, and 29% above those recorded at the bottom. I would say the recovery of values is beyond the mid point.
Average home prices in Indian Head Acres and Lehigh have fallen 7% thus far in 2015, mostly due to two very low priced distressed home sales. Prices are still 23% higher than they were at the botttom of the market in 2012, but still down 27% from the
Today, we will take a look at the most active zip codes in the Tallahassee housing market by reviewing average home prices, average home values, and the percentage of distressed home sales occurring in each zip code
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