There have been 14 closed home sales in Lafayette Oaks through the first week of December and two of the four homes on the market right now are under contract.
Eastgate home prices have risen roughly 7% so far in 2016. The 17 homes sold had an average sales price of $147,500, but we’re expecting higher prices moving forward.
With roughly 380 homes in the neighborhood, built mostly in the 1950s and 1960s, Waverly Hills consistently presents new renovation opportunities for homebuyers who are not on a tight time schedule.
Thus far in 2016, there have been 9 homes sold in Buckhead with an average price of $463,500 and the average value of a home sold in Buckhead has been $158 per square foot.
Weems Plantation home prices have continued rising for the fourth consecutive year. The average home sales price has been $176,400 for Weems Plantation in 2016, which is only 12% higher than what you would pay back in 2012 when the market bottomed.
Average home values in the Glen At Golden Eagle are up 3.5% percent thus far in 2016, while average home prices have moved up to $189,000
Chemonie Crossing, located off Centerville Road (just beyond Proctor Road) is enjoying its best year for home sales since 2006, and I think you’ll see why in this report.
Goose Creek home values continue to rise, with this being the fourth consecutive year of appreciation (up 7.5% thus far in 2016 over average home values recorded in 2015).
Rapidly rising home prices have likely prevented the Betton neighborhoods from having a record-setting year in 2016, though home sales activity in the Betton area has been brisk.
Arvah Branch home prices shot 25% higher in 2016 when compared to home prices in 2015, making this year’s average the third highest of all years going back to 1991. The average home sales price is $269,300, and that is with just 5 homes sold.
There are 85 homes for sale in Killearn Lakes Plantation and nearly 1/2 are already under contract. Through the writing of this report, there have been 211 closed home sales in Killearn Lakes Plantation in 2016.
Killearn Acres is an affordable opportunity for people who want A-rated schools (Desoto Trail Elementary School, Montford Middle School, and Chiles High School) as well as the other benefits that this area has to offer.
Town N Country Park home prices have surged a whopping 36% in 2016 to $152,600. Considering the size of homes and the size and maturity of the lots they sit on, this price remains very low (meaning they are still going to move higher).
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.
Killearn Estates home values are now 6% higher in 2016 than what was recorded for all of 2015, which means many homeowners have moved from “upside down” to “with equity.” This is no small benefit for our housing market.
With homes built from 2005 and later, Park Charleston is a NE Tallahassee neighborhood featuring both detached and attached single family homes.
Pine Tip Hills is a wonderful hidden neighborhood that is often overlooked by homebuyers. Due to this oversight, fewer buyers are shopping in Pine Tip Hills, meaning you can often times find incredible values here that other buyers miss.
We have been producing supply and demand reports and publishing them on the Tallahassee Real Estate Blog since 2007. What used to be dire
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