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The Market Is Slow, But Here Is Where Tallahassee Is Moving

We all know the real estate market is slow, but do you know where Tallahassee is moving? I have assembled five newly updated real estate growth graphs to show the trends in Tallahassee home sales by area.

The first graph shows the top selling neighborhoods in Tallahassee from January through May 2011. Southwood continues to see the most home sales, and there is only one major change on the top five selling neighborhoods, and that is Killearn Acres has moved off of the list (now at #7). It is interesting to observe that all 5 are above the median home price in Tallahassee.

Top Selling Neighborhoods In Tallahassee

Where Is Tallahassee Moving

The following area distribution trend graph shows that Tallahassee has seen the cooling of the Northeast quadrant of the Tallahassee housing market. Apparently, 2010 was the year of the Northeast. The blue line at the top of the graph shows Northeast Tallahassee at one time represented 52% of all homes sold in Tallahassee, but that number has fallen recently back down to 46%.

Where Is Tallahassee Moving

North Tallahassee Versus South Tallahassee

Homebuyers in Tallahassee have not wavered much over the past four years in terms of where they are buying. North Tallahassee has consistently remained the top choice roughly 75% of the time.

North And South Tallahassee Real Estate

East Tallahassee Versus West Tallahassee

There has been a little more movement when we look at East Tallahassee versus West Tallahassee. The bargains on the over-built west side have pulled many homebuyers in that direction over the past few years, and it appears as if things are starting to accelerate. Roughly 37% of all homes sold in Tallahassee are on the west side right now, but it appears to be heading past 40%.

Tallahassee's real estate market appears to be settling back to our traditional norms in terms of where people are moving. The national mortgage experts anticipate another large volley of foreclosures turning in 2012, so perhaps we'll see some changes as we did in 2010.

Top Selling Neighborhoods In Tallahassee (YTD 2011)

 
Neighborhood # Sales Avg. Price Avg. Value
Southwood 48 $271,615 $123
Killearn Estates 28 $232,354 $105
Killearn Lakes 24 $174,134 $104
Bull Run 17 $299,008 $138
Golden Eagle Plantation 16 $427,369 $123
Woodbriar 15 $77,347 $57
Killearn Acres 13 $158,950 $95
Piney Z 9 $185,784 $113
Residences At Whispering Pines 9 $25,089 $25
Indian Head Acres 9 $131,589 $92
Barrington Park Condominiums 8 $108,750 $81
Villas Of Westridge 8 $41,446 $43
Summerbrooke 7 $365,571 $123
Betton Hills 7 $308,429 $120
Forest Heights 7 $120,386 $73
Arbor Hill 7 $136,786 $111
Savannah Crossing 6 $80,417 $66
Stoney Creek Crossing 6 $243,000 $108
Settlers Creek 6 $123,500 $94
The Timbers 6 $77,917 $68
Town N Country Park 5 $116,160 $69
Plantation Of Tallahassee Pecan Co 5 $144,280 $81
Chemonie Crossing 5 $359,000 $106
Killearn Commons 5 $168,300 $110
Sable Chase 5 $181,500 $105
Lakeshore Estates 5 $118,500 $77
Weems Plantation 5 $155,100 $114
Sunny Hill 5 $19,981 $21
Hampton Creek 5 $145,475 $120
Ox Bottom Manor 5 $271,100 $116
Centerville Trace 5 $184,780 $112
Park Charleston 5 $227,400 $125
Meadows At Woodrun 5 $110,660 $80
Lafayette Park Place Condos 4 $112,125 $129
Lakeside 4 $134,650 $85
The Antlers 4 $233,250 $102
Crescent Hills 4 $86,500 $62
Apalachee Hills 4 $76,000 $65
Huntington Woods 4 $76,988 $65
Foxcroft 4 $185,100 $95
Westbury 4 $107,575 $79
The Tennyson 4 $367,313 $191
Seminole Manor 4 $30,870 $42
Four Points 4 $59,548 $55
Edinburgh Estates 4 $199,450 $87
Lakeview 4 $148,125 $104
Wolf Creek 4 $80,875 $57
Mabry Manor 4 $46,725 $46
Terrence Heights 3 $116,500 $78
Reece Park 3 $198,000 $87
Tower Oaks 3 $98,167 $78
Rockbrook 3 $78,333 $54
Summerchase Condos 3 $77,833 $58
Runnymede 3 $63,467 $55
Carolina Terrace Condos 3 $109,000 $110
Hunters Crossing 3 $227,833 $119
Villages At Wilson Green 3 $81,667 $67
Durward 3 $250,000 $102
Capital City Estates 3 $46,700 $43
Sawgrass Plantation 3 $125,167 $90
Oak Valley Estates 3 $108,133 $74
Saxon 3 $61,500 $46
Ox Bottom Gardens 3 $189,333 $110
Woodgate 3 $166,667 $94
Bloxham Heights Unrec 3 $13,000 $13
Eagle's Ridge 3 $226,500 $125
Bradford Manor 3 $73,667 $53
Shannon Forest 3 $202,000 $103
Glendale 3 $286,833 $108
Autumn Woods 3 $78,133 $72
Bradford Overlook 3 $54,167 $33
Jacksons Gap 3 $214,546 $136
Linwood Manor 3 $106,333 $70
 

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Joe Manausa Real Estate
2066 Thomasville Rd
Tallahassee, FL 32308
(850) 366-8917