Weems Plantation Housing Report April 2015

Posted by
Share
Share
Share
Share

Like many of the “boom neighborhoods” that we have discussed in recent housing reports, where all the homes were built and sold in a handful of years, Weems Plantation offers an intriguing image for the propensity of pent-up supply.

If you have never visited the neighborhood before, it is on the northeast side of Tallahassee just south of the Mahan and Buck Lake Road intersection. Weems Plantation offers homes built from 1999 through 2004, as well as a handful that have been built since.

In this report, we will look at prices, values, and sizes of homes in Weems Plantation, as well as show current listings in the Tallahassee MLS and all closed home sales going back to 1999. Take a close look at the mass of sales that occurred from 2000 through 2006 and ask yourself how long will it take to turn-over all these early buyers. It is this type of explosion of initial home sales that often creates pent-up supply 10 years later when normal move-cycles kick in.

Weems Plantation Home Prices

For the 3 real estate graphs found in this report, you will find the number of closed home sales for each year (red columns, measured on the left vertical axis), and an important real estate statistic shown in blue (measured on the right vertical axis. It is important to note that while the graphs and table will update on a regular basis, the analysis of the information that we provide is current through the end of March 2015.

Average home prices rose 2% in 2014 versus 2013, and have moved just slightly higher through the first quarter of the year. The average recorded sales price is $164,250 for Weems Plantation thus far in 2015.

Average Home Price

Home sales activity this year is fairly active when compared to the past 10 years, but home sales are far lower than the levels recorded during the most active years from 2002 through 2006. Thus far in 2015, there have been 8 closed home sales in Weems Plantation (compared to 111 for the entire year in 2003!).

Weems Plantation Home Values

Average home values in Weems Plantation in 2015 are pretty much unmoved over the past two years, but have reached 10% higher than the low set back in 2012.

Average Home Value

Through March, the average value of a home sold in Weems Plantation has been $118 per square foot. This is up 10% over the bottom reached in 2012, but still down about 21% from the market high set back in 2006. This means that many homeowners who have purchased or refinanced in the past 10 years are likely at zero or negative equity situations.

Weems Plantation Home Sizes

The average home size sold in Weems Plantation typically falls in a range of 1,200 to 1,500 square feet, and this year buyers have been selecting homes in the upper end of this range. The 8 sales thus far in 2015 have averaged 1,404 square feet.

Average Home Size

Homes For Sale In Weems Plantation

The following list of homes are available now in Weems Plantation.

Weems Plantation

Weems Plantation

4 Properties
3335 DARTMOUTH Drive
Tallahassee, FL, 32317
Beds3Baths2MLS#404710
3489 Barnstaple Drive
Tallahassee, FL, 32317
Beds3Baths2MLS#405265
3506 Lands End Lane
Tallahassee, FL, 32317
Beds3Baths2MLS#405767
3481 Barnstaple Drive
Tallahassee, FL, 32317
Beds3Baths2MLS#406018

Weems Plantation Home Sales

The following list shows home sales going back to 1999 in Weems Plantation (the first year of sales in the neighborhood).

Home Sales in Weems Plantation

AddressPricePrice / SQFClosing DateYear BuiltSQFSale Type
3247 Bodmin Moor Dr$335,000$2572026-08-2720001,302Resale
3259 Emerson Ln$278,000$2142026-08-0620021,297Resale
3220 Bodmin Moor Dr$365,000$1902026-07-1620001,926Resale
3228 Emerson Ln$300,000$2342026-07-0220021,280Resale
3308 Dartmouth Dr$389,900$2172026-06-3020041,799Resale
3211 Emerson Ln$268,300$2072026-06-0220021,297Resale
3272 Addison Ln$275,000$2212026-05-2720011,244Resale
3227 Addison Ln$289,500$2282026-05-1520001,270Resale
3272 Emerson Ln$279,900$2162026-04-1520031,297Resale
3526 Lands End Ln$293,500$2332026-03-3120031,260Resale
3320 Addison Ln$265,000$2042026-03-1120011,297Resale
3491 Torrington Way$350,000$2162026-02-1320031,617Resale
3468 Exmouth Ln$325,000$1982025-12-1720001,638Resale
3529 Lands End Ln$279,900$2272025-12-1220031,234Resale
3248 Addison Ln$279,000$2222025-10-3020011,258Resale
3333 Newton Abbott Dr$279,900$2252025-09-2920031,246Resale
3453 Barnstaple Dr$345,000$2402025-08-0620041,435Resale
3231 Bodmin Moor Dr$329,000$2572025-07-1720001,282Resale
3465 Saltash Ln$310,000$2382025-07-1120001,302Resale
3248 Emerson Ln$279,900$2192025-06-0920021,280Resale
3453 Kaylee Ct$315,000$2152025-05-1320031,462Resale
3222 Addison Ln$277,400$2232025-04-0120011,246Resale
3225 Addison Ln$265,000$2122025-03-1920011,249Resale
3341 Addison Ln$270,000$2082025-02-2720021,297Resale
3454 Saltash Ln$316,000$2432025-01-2319991,302Resale
3431 Barnstaple Dr$325,000$2322024-12-1820041,401Resale
3301 Dartmouth Dr$324,900$2212024-10-2120081,469Resale
3325 Addison Ln$273,000$2212024-10-1120011,234Resale
3460 Exmouth Ln$326,000$2502024-09-2419991,302Resale
3305 Addison Ln$271,800$2162024-09-2420011,260Resale
3533 Lands End Ln$255,000$2042024-09-2320031,249Resale
3295 Emerson Ln$275,000$2152024-09-0920021,280Resale
3355 Bodmin Moor Dr$325,000$2112024-07-1820001,537Resale
3454 Torrington Way$335,000$1982024-07-1120001,693Resale
3452 Barnstaple Dr$310,000$2312024-07-1020041,343Resale
3428 Barnstaple Dr$308,000$2222024-07-0920041,388Resale
3472 Exmouth Ln$349,900$1882024-06-2820001,863Resale
3321 Newton Abbott Dr$291,000$2362024-05-0620031,234Resale
3216 Emerson Ln$255,000$1972024-03-2820031,297Resale
3231 Bodmin Moor Dr$300,000$2342024-03-2120001,282Resale
3341 Newton Abbott Dr$300,000$2202024-03-0820031,364Resale
3468 Barnstaple Dr$305,000$2162024-02-2620031,412Resale
3250 Dartmouth Dr$225,000$1692024-01-1819991,329Resale
3304 Dartmouth Dr$297,000$2102024-01-1220011,411Resale
3510 Barnstaple Dr$309,000$2102023-12-1820041,471Resale
3300 Emerson Ln$272,000$2102023-12-1820031,297Resale
3224 Emerson Ln$225,000$1732023-12-1520021,297Resale
3244 Emerson Ln$280,000$2162023-11-1420031,297Resale
3266 Dartmouth Dr$329,000$2142023-10-2020001,539Resale
3228 Emerson Ln$261,000$2042023-08-2920021,280Resale
3456 Kaylee Ct$317,000$2202023-08-2820031,444Resale
3301 Bodmin Moor Dr$335,000$2182023-08-1020021,537Resale
3469 Exmouth Ln$327,500$2392023-07-1819991,368Resale
3268 Emerson Ln$271,000$2122023-05-3120021,280Resale
3276 Emerson Ln$239,900$1852023-05-2320031,297Resale
3248 Addison Ln$275,000$2192023-04-2420011,258Resale
3462 Saltash Ln$325,000$2312023-04-1420001,408Resale
3466 Saltash Ln$316,000$2062023-03-3120001,535Resale
3304 Emerson Ln$265,000$2072023-02-2320021,280Resale
3285 Bodmin Moor Dr$340,000$1862022-11-2819991,828Resale
3280 Addison Ln$270,000$2022022-11-1520011,337Resale
3201 Dartmouth Dr$291,000$2062022-10-0720031,410Resale
3464 Falmouth Ct$289,900$2112022-08-1920041,372Resale
3454 Saltash Ln$300,000$2302022-07-2719991,302Resale
3515 Lands End Ln$295,000$2012022-06-1720031,471Resale
3502 Lands End Ln$260,000$1932022-05-2720031,345Resale
3231 Addison Ln$235,000$1882022-04-2520001,249Resale
3275 Emerson Ln$225,000$1762022-04-1420021,280Resale
3500 Torrington Way$236,000$1902022-03-1520031,240Resale
3472 Exmouth Ln$342,000$1842022-03-1020001,863Resale
3514 Barnstaple Dr$330,000$1762022-03-0120041,870Resale
3312 Addison Ln$235,000$1832022-02-1120011,286Resale
3285 Bodmin Moor Dr$310,000$1702022-02-0419991,828Resale
3486 Lands End Ln$264,000$1522022-01-2020001,742Resale
3312 Emerson Ln$245,000$1892022-01-1220021,297Resale
3272 Addison Ln$224,900$1812022-01-1020011,244Resale
3443 Barnstaple Dr$245,000$1932021-11-0520041,271Resale
3330 Dartmouth Dr$270,000$1892021-11-0320021,432Resale
3338 Dartmouth Dr$245,000$1882021-10-2520001,304Resale
3511 Barnstaple Dr$255,500$1832021-10-1420041,398Resale
3451 Gentle Wind Way$265,000$2042021-09-2419991,302Resale
3287 Emerson Ln$235,000$1842021-09-2420021,280Resale
3472 Exmouth Ln$294,000$1582021-09-1020001,863Resale
3315 Dartmouth Dr$292,500$1762021-09-1020021,658Resale
3308 Addison Ln$220,000$1722021-09-1020011,280Resale
3321 Newton Abbott Dr$245,000$1992021-09-0120031,234Resale
3476 Barnstaple Dr$255,000$1662021-08-1620041,537Resale
3311 Dartmouth Dr$285,000$1642021-08-1220011,735Resale
3320 Newton Abbott Dr$240,000$1922021-07-2920031,249Resale
3256 Emerson Ln$246,000$1902021-07-2620021,297Resale
3439 Barnstaple Drive$240,000$1912021-07-2120041,255Resale
3339 Bodmin Moor Dr$251,500$1552021-07-1620021,624Resale
3265 Addison Ln$232,000$1862021-07-1620001,246Resale
3264 Emerson Ln$245,000$1892021-07-1620031,297Resale
3220 Emerson Ln$219,100$1712021-07-0920021,280Resale
3459 Kaylee Ct$276,000$1622021-07-0820021,700Resale
3221 Addison Ln$240,500$1932021-06-3020001,246Resale
3450 Falmouth Ct$248,000$1762021-06-2220021,410Resale
3328 Emerson Ln$248,000$1932021-06-0120011,286Resale
3452 Exmouth Ln$249,900$1922021-05-2820001,304Resale

I hope you enjoyed our April 2015 update on home sales in Weems Plantation, please feel free to drop me a note if you have questions not covered in this report.

Related Posts