Piney Z average home values in 2016 have risen nearly 4% to $118 per square foot, which means that home values are finally moving higher off of the plateau that commenced in 2013.
Summerbrooke and Ox Bottom Manor home values have jumped 9% so far in 2016, which makes a lot of sense when compared to the high demand for these neighborhoods.
Bull Run average home values have dipped slightly so far in 2016, perhaps leading to the first year of declining home values in more than 4 years, as the ratio of new homes sold to use homes sold has fallen.
Golden Eagle Plantation average home values are up nearly 3% in 2016, and perhaps this is why buyers are still snatching up the inventory. The rate of appreciation has grown since our last report and is likely to push even higher over the next few mo
The median asking price for homes in Bobbin Trace, Bobbin Mill Woods, and Bobbin Brook is $750,000, while the 3 home sales this year sold for $670K, $480K and $930K respectively.
Proximity to downtown and numerous government office buildings makes Southwood one to be considered for people seeking a home anywhere from just below $200,000 to as much as $800,000 (higher in the far past).
Average home values in Shannon Forest have risen 9% thus far in 2016, continuing a growth trend that began more than four years ago. I do not see this stopping any time soon.
Today, home values are still 17% lower than they were at the height of the housing market in 2006, but are up roughly 35% from the bottom of the market established in 2010.
Thus far in 2016, eight homes have sold and closed in Highgrove for an average price of $396,000 and $130 per square foot of heated and cooled space.
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.
Homes that are priced correctly in Meadowbrook are in high demand and sell right away, so if you find one you like and you know it’s a good value, don’t let it slip away to another buyer.
What is the next move for the Tallahassee real estate market? Where is it heading and what will home prices do? Our housing market forecast discusses this in detail.
The average value of a home sold in Arbor Hill has been $104 per square foot. The only reason we will see any future sales here under $100 per square foot will be due to either a short sale or poor property conditions.
There are 7 homes for sale in Hampton Creek and 2 are already under contract, which going along with the 17 sales already closed means this will be the best year since 2007 for Hampton Creek.
Lakeshore Estates home prices are up nearly 4% thus far in 2016, which is opposite of what we reported just three months ago. Based upon what we’ve seen and what remains for sale, expect higher prices in Lakeshore Estates moving forward from here.
Lafayette Oaks home prices are up 5% thus far in 2016 when compared to last year, but still remain below 2013 prices. The fact that homes are in such different states of modernization have a large impact on price fluctuations.
Eastgate home prices have recovered strongly in 2016. The 13 homes sold thus far in 2016 have an average price of $152,311, which is higher than any we have seen in Eastgate since 2008.
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..
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