Betton Shows Difference Between Real Estate Values And Prices

Most US housing reports confuse the difference between real estate values and real estate average price movements. Today we observe the Betton neighborhoods which have seen average home prices rise, even as home values decline.

Average home prices and real estate values might correlate over the long haul, but the reality is that the average price of homes sold show how much consumers are paying, whereas values address the change (real estate appreciation or depreciation) of the homes in any given market. The easiest way to “see” this is with a few real estate graphs produced from homes sold in a specific Tallahassee neighborhood.

Real Estate Values In The Betton Neighborhoods

Real estate values in the Betton neighborhoods peaked in 2007, where the average home was selling for over $160 per square foot. In the graph below, the number of home sales recorded each year are shown by the vertical blue bars, while home values are shown with the red line.

Betton Real Estate Values Betton Shows Difference Between Real Estate Values And Prices, Tallahassee Real Estate

Betton Average Home Price Versus Betton Real Estate Values

We get a different picture when we look at a graph of the average home price in the Betton neighborhoods. With historic low interest rates, consumers are gravitating to the great real estate values and buying the larger homes without seeing the impact on their monthly mortgage payments. This activity makes it appear as if values are rising, but instead it is really a view at what is selling.

Betton Home Prices1 Betton Shows Difference Between Real Estate Values And Prices, Tallahassee Real Estate

Real Estate Values Require Closer Inspection

So the next time you see a report showing the change in real estate values, see if the author of the report has used a finely tuned comparison of similar properties, or just average home prices. If it is the latter, you can know that there is a good chance that the findings of real estate appreciation or real estate depreciation are skewed.

Recent Home Sales In The Betton Neighborhoods

Neighborhood Address SP Price/SQF Closing Date Year Built SQF
Betton Hills 2514 Harriman Cir $650,000 $174 7/27/2011 2006 3,728
Betton Hill 1522 Argonne RD $250,000 $87 7/15/2011 1957 2,890
Betton Oaks 1558 Goodwood Drive $166,400 $106 7/15/2011 1976 1,575
Betton Hill 1317 Lemond Street $218,000 $126 7/15/2011 1955 1,731
Betton Hills 2223 Trescott Drive $263,000 $102 7/1/2011 1956 2,576
Betton Woods 2529 Betton Woods Dr $129,000 $60 6/24/2011 1980 2,160
Betton Hills 2530 MARSTON RD $396,000 $119 6/15/2011 1970 3,315
Betton Hill 2522 MARSTON Road $265,000 $93 6/10/2011 1970 2,858
Betton Hills 2116 E Randolph Circle $355,000 $124 5/18/2011 1951 2,862
Betton Hills 2233 Demeron Road $432,000 $125 5/10/2011 1994 3,458
Betton Hills 2506 Marston Road $257,500 $134 4/29/2011 1971 1,928
Betton Hills 2011 Lee Avenue $235,000 $103 4/21/2011 1949 2,287
Betton Hills 2001 Trescott Drive $495,000 $134 3/31/2011 2008 3,692
Betton Hill 2509 Cline Street $370,000 $123 3/31/2011 1971 3,015
Betton Hills 2000 Ellicott Drive $190,000 $100 3/4/2011 1975 1,909
Betton Hills 1534 Mitchell Avenue $194,500 $124 2/18/2011 1950 1,568
Betton Hill 1504 Mitchell Avenue $235,000 $141 1/5/2011 1952 1,668
Betton Hills 2724 Everett Ln $280,000 $88 12/23/2010 1874 3,197
Betton Hill 1579 Marion Avenue $220,000 $124 12/20/2010 1949 1,774
Betton Hill 1520 Marion Avenue $212,500 $90 12/3/2010 1942 2,353
Betton Hills 2001 Winthrop Way $361,000 $121 12/2/2010 1974 2,985
Betton Hills 2535 Marston Road $315,000 $103 11/10/2010 1972 3,060
Betton Hill 1302 Betton Road $198,000 $120 10/25/2010 1948 1,645
Betton Hill 1575 Hickory Avenue $340,000 $95 10/11/2010 1951 3,562
Betton Hill 1445 Mitchell Avenue $298,000 $145 9/15/2010 1959 2,052
Betton Hills 2304 Armistead Road $215,000 $92 9/2/2010 1963 2,332
Betton Hills 1514 Argonne Road $265,000 $95 8/11/2010 1954 2,782
Betton Oaks 1643 Goodwood Drive $174,000 $131 7/30/2010 1977 1,333
Betton Hills 1781 Marston Place $525,000 $155 7/20/2010 1978 3,386
Betton Hills 2136 Armistead Road $255,000 $125 7/16/2010 1962 2,040
Betton Hills 2401 Cline Street $240,000 $87 7/15/2010 1973 2,760
Betton Hills 1424 Marion Avenue $193,500 $121 7/8/2010 1949 1,594
Betton Hills 2213 Armistead Road $340,000 $123 7/1/2010 1972 2,769
Betton Hill 1638 Mitchell Avenue $133,000 $86 6/23/2010 1960 1,540
Betton Estates 1809 Linden Lane $360,000 $139 6/8/2010 1979 2,595
Betton Hills 2120 Jenette $185,000 $98 6/1/2010 1957 1,895
Betton Hills 2002 Trescott Drive $166,000 $111 5/30/2010 1976 1,496
Betton Oaks 1590 Goodwood Drive $171,783 $91 5/28/2010 1978 1,898
Betton Hills 2106  W Randolph Circle $155,000 $89 5/26/2010 1950 1,738
Betton Hill 1584 Hickory Avenue $475,000 $151 5/15/2010 1950 3,151
Betton Hill 1529 Crestview Avenue $450,000 $119 4/30/2010 1949 3,788
Betton Hills 2353 Armistead Road $288,000 $101 3/26/2010 1976 2,839
Betton Hills 1507 Argonne Road $320,000 $112 3/23/2010 1954 2,869
Betton Hills 2117 Trescott Drive $235,000 $155 3/19/2010 1955 1,517
Betton Hills 2115  E Randolph Circle $700,000 $169 3/16/2010 1952 4,150
Betton Hill 2320 Armistead Rd. $230,000 $148 3/9/2010 1962 1,558
Betton Hill 1502 Marion Avenue $417,000 $169 2/5/2010 1979 2,474
Betton Hill 2203 Trescott Drive $257,300 $125 1/19/2010 1954 2,059
Betton Hills 2020 Randolph Circle $200,000 $107 12/30/2009 1955 1,875
Betton Hills 2610 Marston Road $310,000 $108 12/29/2009 1971 2,858
Betton Woods 2552 Noble Court $220,300 $96 12/23/2009 1983 2,298
Betton Hill 2310 Ellicott Drive $220,000 $99 12/11/2009 1963 2,214
Betton Hills 2302 Ellicott Drive $382,500 $125 12/9/2009 1963 3,052
Betton Hills 2020 Winthrop Way $355,000 $135 12/4/2009 1973 2,638
Betton Hills 1430 Marion Ave $370,000 $132 11/3/2009 1968 2,800
Betton Hills 1320 Dillard Street $265,000 $133 10/29/2009 1953 1,989
Betton Brook 808 Wilmon Court $215,000 $147 9/30/2009 2001 1,464
Betton Hills 2007  W Randolph Circle $282,500 $117 9/28/2009 1954 2,424
Betton Hill 2428 Oakdale Street $327,000 $136 9/25/2009 1976 2,401
Betton Hills 2235 Ellicott Dr. $366,000 $131 9/18/2009 1962 2,788
Betton Hill 2424 Oakdale Street $276,000 $123 9/18/2009 1977 2,249
Betton Hills 2114 Jenette Street $310,000 $130 9/15/2009 1952 2,392
Betton Hill 2121 Jenette Street $225,000 $129 8/27/2009 1958 1,748
Betton Hills 1307 Lemond Street $258,000 $154 8/14/2009 1954 1,678
Betton Hills 2526 Marston Road $410,000 $100 7/31/2009 1972 4,111
Betton Hill 1521 Argonne Road $203,000 $124 7/15/2009 1952 1,633
Betton Woods 2658 Noble Drive $282,900 $93 7/15/2009 1985 3,054
Betton Oaks 1570 Goodwood Drive $160,000 $121 7/14/2009 1977 1,317
Betton Hills 2305 Armistead Road $257,500 $178 7/2/2009 1958 1,449
Betton Hills 2011 E Randolph Cir $275,000 $157 6/30/2009 1955 1,752
Betton Hill 2001  W Randolph Circle $267,000 $125 6/26/2009 1956 2,137
Betton Hill 2227 Trescott Drive $248,500 $123 6/19/2009 1960 2,026
Betton Hills 1319 Betton Rd $399,000 $156 3/26/2009 1951 2,553
Betton Hills 1314 Dillard $325,000 $121 3/20/2009 1952 2,680
Betton Hills 2115  E Randolph Circle $425,000 $102 3/2/2009 1952 4,150
Betton Hill 2275 Trescott Drive $325,000 $116 2/20/2009 1960 2,792
Betton Hill 1801 Woodgate Way $250,000 $98 2/13/2009 1980 2,562
Betton Hill 1521 Marion Avenue $249,900 $158 1/27/2009 1941 1,583
Betton Woods 2665 Noble Dr. $275,000 $149 1/26/2009 1984 1,840
Betton Hills 2305 Armistead Road $165,000 $114 12/29/2008 1958 1,449
Betton Woods 2528 Noble Drive $310,000 $102 12/15/2008 1987 3,046
Betton Hills 2107 Ellicott Drive $335,000 $156 12/5/2008 1974 2,150
Betton Hill 1527 Belleau Wood Dr $170,000 $130 11/25/2008 1955 1,304
Betton Oaks 1619 Goodwood Dr $182,000 $123 10/23/2008 1978 1,475
Betton Hills 2137 Trescott Drive $280,000 $117 10/3/2008 1955 2,392
Betton Hills 2501 Armistead Road $308,000 $123 9/26/2008 1978 2,496
Betton Hills 2107 Ellicott Drive $409,900 $191 8/28/2008 1974 2,150
Betton Oaks 1512 Goodwood Court $190,000 $124 8/14/2008 1988 1,528
Betton Woods 2666 Noble Dr $340,000 $130 8/11/2008 1983 2,620
Betton Hill 1620 Mitchell Avenue $261,000 $149 7/29/2008 1960 1,748
Betton Hills 1450 Lee Avenue $300,000 $132 7/22/2008 1941 2,278
Betton Hills 2608 Cline $480,000 $140 7/21/2008 1972 3,425
Betton Hills 1556 Spruce Avenue $239,000 $133 7/10/2008 1950 1,796
Betton Hills 2787 Armistead Rd $319,000 $136 6/30/2008 1976 2,350
Betton Woods 2660 Egret Lane $515,000 $145 6/13/2008 1987 3,556
Betton Hills 1594 Marion Ave $555,000 $176 6/5/2008 1984 3,158
Betton Woods 2593 Merganser Court $635,000 $183 5/22/2008 1986 3,462
Betton Hills 2740 Everett Lane $299,000 $117 5/21/2008 1978 2,549
Betton Estates 1801 Linden Lane $320,000 $125 4/1/2008 1985 2,557
Betton Hill 2515 Armistead Rd $475,000 $131 3/31/2008 1979 3,626
Betton Hills 1315 Lemond St $569,000 $204 3/7/2008 2006 2,793
Betton Hills 1516 Argonne Rd $320,000 $132 2/29/2008 1959 2,417
Betton Hills 2216 Armistead $230,000 $122 2/1/2008 1974 1,884
Betton Hill 1535 Hickory Ave $345,000 $166 1/15/2008 1951 2,078
Betton Hills 2526 Harriman Circle $625,000 $178 1/15/2008 1970 3,512
Betton Hill 2601 Armstrong Rd $460,000 $153 1/15/2008 1974 3,016
Betton Hills 1435 Crestview Ave $240,000 $126 1/11/2008 1955 1,901
Betton Hill 1433 Spruce Avenue $580,000 $171 1/11/2008 2004 3,400
Betton Hill 1504 Argonne Rd $240,000 $148 12/14/2007 1972 1,627
Betton Hill 2231 Trescott Drive $309,000 $169 11/16/2007 1958 1,824
Betton Hills 2116 Trescott Dr. $312,078 $121 11/15/2007 1998 2,579
Betton Hill 2401 Oakdale St $310,000 $165 11/2/2007 1976 1,883
Betton Hill 1319 Lemond St $325,000 $149 10/12/2007 1950 2,174
Betton Hills 2509 Chamberlin Drive $252,000 $150 9/28/2007 1975 1,684
Betton Hills 2516 Harriman Circle $520,000 $183 9/14/2007 1972 2,844
Betton Hills 1511 Crestview Ave $317,000 $165 8/27/2007 1949 1,917
Betton Hill 2507 Chamberlin Dr $325,000 $158 8/13/2007 1976 2,051
Betton Hills 2534 Marston Road $400,000 $160 7/31/2007 1970 2,500
Betton Hills 1507 Argonne Rd. $450,000 $157 7/30/2007 1954 2,869
Betton Hill 2447 Oakdale Street $325,000 $140 7/18/2007 1976 2,318
Betton Hills 1466 Mitchell Avenue $635,000 $208 7/16/2007 2007 3,050
Betton Oaks 1480 Goodwood Ct. $182,000 $115 7/6/2007 1984 1,580
Betton Hills 1503 Spruce Avenue $250,000 $139 6/29/2007 1948 1,794
Betton Estates 1809 Linden Lane $532,000 $197 6/15/2007 1979 2,700
Betton Woods 2578 Canvasback Ct. $445,000 $131 6/15/2007 1990 3,400
Betton Hills 1564 Hickory Ave $680,000 $220 6/6/2007 2006 3,093
Betton Hills 2107 Lee Avenue $260,000 $163 5/31/2007 1955 1,594
Betton Oaks 1481 Goodwood Ct. $209,000 $110 5/4/2007 1989 1,900
Betton Hills 1405 Betton Rd $220,000 $153 4/20/2007 1981 1,440
Betton Woods 2574 Canvasback Court $345,000 $132 4/10/2007 1984 2,604
Betton Hills 2222 Ellicott Drive $750,000 $211 3/27/2007 1996 3,558
Betton Hills 2247 Trescott $305,000 $138 3/16/2007 1957 2,204
Betton Oaks 1562 Goodwood Drive $186,500 $116 3/8/2007 1978 1,604
Betton Hills 2406 Troland Road $395,000 $162 2/16/2007 1969 2,443
Betton Hills 2517 Harriman Circle $389,000 $159 1/17/2007 1966 2,448
Betton Hill 1560 Hickory $696,750 $218 1/11/2007 2006 3,200

Please check back again for more reports on real estate values in the Tallahassee real estate market.



Einstein Betton Shows Difference Between Real Estate Values And Prices, Tallahassee Real Estate
Home Buying For Smart People
A process designed to save you money when buying a home

Something tells us you’re just … well … smarter than most people looking to buy a home.

You’re not interested in lame “buy and flip” schemes. You’re not looking to steal a home at 1/2 of it’s value, you’re looking for a house to call home, and you want to make sure that you get a great value.

In other words, you don’t have to be an Einstein to “get” the home buying process. But you do have to be prepared.

We can prepare you. Sign up for our e-Course today while it is still free!

About Joe Manausa, MBA

Joe Manausa, MBA is a 23+ year veteran of real estate brokerage in the State of Florida and has owned and managed his own company since 1992. He is a daily blogger with content that focuses on real estate analytics and providing his clients with a tactical advantage in today's challenging market.

Have something to add?

Loading Facebook Comments ...

Speak Your Mind

*