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.
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%.
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.
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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