Through the first week of December in 2015, the average sales price of a home sold in Royal Oaks has been $214,500
Observation Pointe home values grew nearly 7% in 2014 but have given it all back and more in 2015 (2 of 3 homes sold were resales)
Cameron Chase is shifting to a seller’s market in this area and price range, so expect this popular neighborhood to enjoy rising home values in 2016
The Average home price in Chemonie Crossing in 2015 is $361,200, while no sales have occurred in Chemonie Trace.
Arbor Hill home prices have dropped from the $160Ks down to below $120K, and that is just too much of a discount for such a high demand area in Tallahassee.
Eastgate home prices in 2015 are down just under 7% after last year’s big surge, with the current average closed home sale price recorded at $132,800.
Waverly Hills home prices have risen 23% when compared to the average in 2014, but thinking this is related to appreciation would be a mistake.
The current average home value in Arvah Branch is $101 per square foot, which is 32% below the peak of the market values recorded in 2007.
There have been 13 closed home sales in Hampton Creek (2 more than all of 2014), with an average sales price of $138,723.
Average home prices in the Villages At Maclay have been very stable for four years, ranging between $181K and $185K, and currently $182,000
Year over year home sales in Tallahassee continue to post gains, as only four of the past thirty nine months have reported declines
Pine Tip Hills provides a clear example of why tracking average home prices often misleads those looking for information on real estate appreciation
What you will find on this handy reference form is the months of supply of homes by area and price range in Tallahassee.
Lakeshore Estate home prices are up 3% this year, which means that buyers are willing to spend the money to live in this popular NW Tallahassee location
Summerbrooke home values have not changed much since 2010, though they fell in 2012 and have returned to about 1/2% below levels in 2010
Woodland Drives home prices are 5% lower in 2015 versus 2014, and current prices are roughly 24% below the highest level recorded in 2007
See a useful real estate graph depicting the average time it takes to sell a home in Tallahassee and the average percentage of asking price received at closing
Average home values in Lafayette Oaks have fallen 12% in 2015, mostly due to larger homes selling and two very low-valued sales that occurred several months ago
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