Weekly Special | June 29, 2015

Neighborhoods Recovering At Different Rates

The real estate recovery is not coming equally to all neighborhoods, just as the expansion phase (bubble) wasn’t meted out evenly either.

Some of the most active neighborhoods in the Tallahassee housing market are shown above.

The current average home value in each neighborhood is compared to that neighborhoods’ average home value at the peak of the market (red bars) and to that neighborhood’s average home value at the bottom of the market (green bars).

For example, current home values are around $140 per square foot in Southwood, which is 14.5% below the peak values recorded in 2006 and 13.2% above bottom values found in 2010.

Alternatively, Killearn Estates current $105 per square foot is down 22% since 2006 and up 11% since 2012.

Peaks and valleys came at different times and varying levels, something you should know about a specific neighborhood before buying or selling.

The original one-page Weekly Special PDF is still available.