Meadowbrook Home Sales Report February 2016
Meadowbrook home prices remain below $140,000, but don’t expect this to be the case by year’s end, as I suspect they will top $160K
Meadowbrook home prices remain below $140,000, but don’t expect this to be the case by year’s end, as I suspect they will top $160K
Average home values in Cameron Chase declined less than 1% in 2015, but values really haven’t been moving much at all since 2009
Arbor Hill home values rose roughly 3% in 2015, but remain 10% lower than they were in 2011. This is very different than other neighborhoods are reporting
Villages at Maclay home prices did not change in 2015 when compared to 2014, and really have not budged much since they moved higher in 2012
In 2015, there were 16 closed home sales in Hampton Creek with an average sales price of $140,456 at $107 per square foot.
Eastgate home values fell 7% in 2015, dropping back to a level slightly higher than the three-year plateau observed at the market bottom from 2011 through 2013
Waverly Hills home prices were a full 21% higher in 2015 than they were in 2014, but the reason for this might not be what you think.
Lakeshore Estates home prices rose 9% in 2015 for the second year in a row, which means that buyers are willing to spend the money to live in this popular NW Tallahassee location
Pine Tip Hills home values are at $136 per square foot, which is 19% lower than the market peak in 2012 and 13% than the market bottom posted in 2013
Average home values in Summerbrooke were the same in 2015 as they were in 2014. That means roughly three straight years with little value change
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
Lafayette Oaks home values were $102 per square foot in 2015. This was down about 22% from the market high set back in 2006 and up 17% over the bottom of the market
Homes in Ox Bottom Manor are priced 27% below the peak of the market prices established in 2006, and roughly the same as what was recorded in 2012
The average home sales price in Weems Plantation was $166,500 in 2015, up nearly 6% from the bottom of the market in 2012.
Betton area home prices actually fell slightly in 2015 after seeing a large spike in 2014. Home sales closed the year with an overall average home sales price of$299,391

Tallahassee Democrat readers use the daily Zing! to attempt being funny, at somebody else’s expense, while hiding their identity and without the offended party being present
The average value of a home sold in Piney Z in 2015 was $114 per square foot, up 1% over the prior year. Look to see values finally move higher in 2016.
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.
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