Homes are selling again in Weems Plantation, a popular Northeast Tallahassee neighborhood that has seen some tough times of late due to the relatively young age of the community.
As we have discussed in the past, neighborhoods that were created after 2000 sold like fire during the boom of the housing market, but they now face a near-mass exodus as normal demographic trends have created a backlog of people who would normally be making their next move.
In an established neighborhood (for example, Killearn Estates), the impact is not nearly as great as for those where everybody moved-in during the past ten years.
With home sales happening at the slowest rate in over 20 years, it is nice to report that homes for sale in Weems Plantation are starting to sell.
Home Sales In Weems Plantation
Through April 2012, Weems Plantation has recorded 8 home sales.
Considering 2011 only saw 14 sales, it is safe to say that 2012 looks to be far brighter for people who need to sell a home in Weems Plantation.
The average sales price of a home in Weems Plantation in 2011 was $157,800, which was down from the $209,000 average in 2006. The graph below shows no signs of the decline stopping anytime soon, in fact the average thus far in 2012 is $154,150. The percentage of recent sales that have been distressed properties is on the rise, which will make it even harder for arms length home sellers to hold out for more money in 2012.
Weems Plantation Home Values
Home values have fallen 30% in Weems Plantation, from nearly $150 per square foot in 2007 to an average of $105 per square foot thus far in 2012. With more short sales and foreclosures hitting the market, we can expect to see further real estate depreciation in Weems Plantation.
While this report has plenty of negative news with home values still falling, it should be seen for the positive growth in unit sales. We cannot work through our supply and demand imbalance until homes are sold, so this is a good sign.
View Recent Home Sales In Weems Plantation
| Address | Sales Price | Price/SQF | Closing Date | Year Built | SQF | Type |
| 3468 Gentle Wind Way | $140,000 | $97 | 4/19/2012 | 1999 | 1,448 | Arms Length |
| 3200 Emerson Lane | $152,000 | $122 | 3/30/2012 | 2000 | 1,246 | Arms Length |
| 3497 Barnstaple Drive | $143,200 | $82 | 3/23/2012 | 2004 | 1,749 | Distressed |
| 3300 Dartmouth Drive | $176,000 | $106 | 3/16/2012 | 2001 | 1,661 | Arms Length |
| 3263 Emerson Ln | $140,000 | $109 | 3/6/2012 | 2002 | 1,280 | Arms Length |
| 3330 Dartmouth Dr | $134,500 | $94 | 2/29/2012 | 2002 | 1,432 | Distressed |
| 3232 Bodmin Moor Drive | $180,000 | $128 | 2/17/2012 | 2001 | 1,411 | Arms Length |
| 3480 Barnstaple Dr. | $167,500 | $112 | 1/25/2012 | 2003 | 1,502 | Arms Length |
| 3522 Lands End Lane | $145,000 | $108 | 12/21/2011 | 2003 | 1,345 | Arms Length |
| 3484 Barnstaple Drive | $178,000 | $111 | 11/22/2011 | 2003 | 1,609 | Arms Length |
| 3541 Norcross Lane | $145,000 | $113 | 10/21/2011 | 2001 | 1,280 | Distressed |
| 3469 Exmouth Ln. | $163,300 | $119 | 10/14/2011 | 1999 | 1,368 | Distressed |
| 3481 Barnstaple Drive | $158,000 | $107 | 10/7/2011 | 2004 | 1,471 | Distressed |
| 3264 Addison Lane | $145,000 | $115 | 8/18/2011 | 2001 | 1,258 | Arms Length |
| 3468 Barnstaple Dr. | $170,000 | $120 | 7/29/2011 | 2003 | 1,412 | Arms Length |
| 3227 Emerson Lane | $155,000 | $121 | 6/30/2011 | 2002 | 1,280 | Arms Length |
| 3464 Falmouth Court | $175,000 | $122 | 6/10/2011 | 2004 | 1,440 | Arms Length |
| 3339 Bodmin Moor Drive | $180,000 | $130 | 3/31/2011 | 2002 | 1,384 | Arms Length |
| 3201 Addison Lane | $129,000 | $85 | 3/28/2011 | 2000 | 1,517 | Distressed |
| 3458 Torrington Way | $171,500 | $120 | 3/21/2011 | 2001 | 1,432 | Arms Length |
| 3517 Torrington Way | $140,000 | $111 | 2/17/2011 | 2003 | 1,261 | Arms Length |
| 3427 Barnstaple Dr | $155,000 | $126 | 2/14/2011 | 2003 | 1,234 | Arms Length |
| 3469 Barnstaple Drive | $157,000 | $101 | 12/28/2010 | 2004 | 1,557 | Distressed |
| 3462 Saltash Ln | $175,000 | $123 | 12/28/2010 | 2000 | 1,428 | Arms Length |
| 3519 Barnstaple Dr. | $165,000 | $119 | 12/23/2010 | 2003 | 1,392 | Arms Length |
| 3333 Bodmin Moor Dr. | $190,000 | $113 | 11/19/2010 | 2003 | 1,682 | Arms Length |
| 3292 Emerson Lane | $142,000 | $112 | 11/10/2010 | 2002 | 1,266 | Arms Length |
| 3450 Saltash Lane | $182,500 | $109 | 11/1/2010 | 1999 | 1,682 | Arms Length |
| 3220 Bodmin Moor Drive | $200,000 | $104 | 8/5/2010 | 1999 | 1,926 | Arms Length |
| 3221 Addison Lane | $154,000 | $124 | 7/30/2010 | 2000 | 1,246 | Arms Length |
| 3277 Bodmin Moor Drive | $180,000 | $132 | 7/27/2010 | 1999 | 1,368 | Arms Length |
| 3488 Barnstaple Drive | $135,000 | $92 | 7/13/2010 | 2004 | 1,462 | Distressed |
| 3465 Barnstaple Dr. | $165,000 | $119 | 6/30/2010 | 2003 | 1,382 | Arms Length |
| 3299 Bodmin Moor Dr. | $207,500 | $121 | 6/16/2010 | 2000 | 1,708 | Arms Length |
| 3492 Barnstaple Dr. | $177,000 | $131 | 5/26/2010 | 2003 | 1,352 | Arms Length |
| 3304 Addison Lane | $170,000 | $132 | 5/20/2010 | 2001 | 1,292 | Arms Length |
| 3533 Lands End Lane | $162,500 | $130 | 5/14/2010 | 2003 | 1,249 | Arms Length |
| 3200 Emerson Lane | $169,900 | $135 | 5/14/2010 | 2000 | 1,258 | Arms Length |
| 3307 Dartmouth Dr. | $199,000 | $125 | 4/29/2010 | 2001 | 1,597 | Arms Length |
| 3312 Emerson Lane | $157,900 | $122 | 4/23/2010 | 2002 | 1,297 | Arms Length |
| 3525 Lands End Lane | $141,000 | $113 | 3/31/2010 | 2003 | 1,249 | Distressed |
| 3520 Torrington Way | $175,000 | $128 | 3/31/2010 | 2003 | 1,364 | Arms Length |
| 3329 Bodmin Moor Dr. | $215,000 | $153 | 3/1/2010 | 2002 | 1,406 | Arms Length |
| 3333 Newton Abbott Drive | $160,000 | $128 | 2/16/2010 | 2003 | 1,246 | Arms Length |
| 3451 Gentle Wind Way | $163,000 | $125 | 2/5/2010 | 1999 | 1,302 | Arms Length |
| 3498 Barnstaple Dr. | $182,000 | $131 | 12/10/2009 | 2004 | 1,387 | Arms Length |
| 3256 Emerson Ln | $165,000 | $127 | 11/12/2009 | 2002 | 1,297 | Arms Length |
| 3494 Lands End Lane | $183,000 | $133 | 10/28/2009 | 2003 | 1,372 | Arms Length |
| 3219 Bodmin Moor Drive | $210,000 | $110 | 10/23/2009 | 2001 | 1,906 | Arms Length |
| 3456 Gentle Wind Way | $208,000 | $136 | 9/28/2009 | 1999 | 1,535 | Arms Length |
| 3215 Emerson Lane | $172,500 | $133 | 9/23/2009 | 2002 | 1,297 | Arms Length |
| 3280 Addison Lane | $152,000 | $114 | 9/14/2009 | 2001 | 1,337 | Distressed |
| 3250 Dartmouth Dr. | $177,000 | $133 | 9/11/2009 | 1999 | 1,329 | Arms Length |
| 3305 Addisson Lane | $150,000 | $121 | 9/4/2009 | 2001 | 1,237 | Distressed |
| 3239 Emerson Lane | $165,000 | $127 | 7/30/2009 | 2002 | 1,297 | Arms Length |
| 3489 Barnstaple Dr. | $180,000 | $120 | 7/27/2009 | 2003 | 1,502 | Arms Length |
| 3468 Barnstaple Dr. | $175,000 | $124 | 6/30/2009 | 2003 | 1,412 | Arms Length |
| 3432 Barnstaple Drive | $175,000 | $120 | 6/22/2009 | 2004 | 1,457 | Arms Length |
| 3328 Newton Abbott Drive | $177,900 | $132 | 6/10/2009 | 2003 | 1,351 | Arms Length |
| 3505 Torrington Way | $150,000 | $98 | 5/15/2009 | 2003 | 1,530 | Arms Length |
| 3235 Addison Lane | $150,000 | $120 | 5/15/2009 | 2000 | 1,246 | Arms Length |
| 3537 Norcross Lane | $158,000 | $123 | 4/20/2009 | 2001 | 1,286 | Arms Length |
| 3464 Barnstaple Dr. | $215,000 | $128 | 3/31/2009 | 2004 | 1,682 | Arms Length |
| 3519 Barnstaple Dr. | $180,000 | $129 | 12/23/2008 | 2003 | 1,392 | Arms Length |
| 3224 Emerson Lane | $163,000 | $126 | 11/24/2008 | 2002 | 1,297 | Arms Length |
| 3431 Barnstaple Dr | $197,000 | $141 | 10/30/2008 | 2004 | 1,401 | Arms Length |
| 3280 Dartmouth | $173,500 | $121 | 10/30/2008 | 2001 | 1,429 | Arms Length |
| 3452 Kaylee Ct. | $180,000 | $138 | 10/24/2008 | 2002 | 1,302 | Arms Length |
| 3240 Bodmin Moor Drive | $188,000 | $137 | 10/20/2008 | 1999 | 1,370 | Arms Length |
| 3304 Dartmouth Drive | $195,000 | $136 | 10/14/2008 | 2001 | 1,429 | Arms Length |
| 3499 Barnstaple Drive | $215,000 | $128 | 8/27/2008 | 2003 | 1,682 | Arms Length |
| 3266 Dartmouth Dr. | $210,000 | $136 | 8/4/2008 | 2000 | 1,539 | Arms Length |
| 3465 Saltash Ln. | $182,000 | $140 | 7/24/2008 | 2000 | 1,302 | Arms Length |
| 3505 Norcross Ln. | $181,000 | $141 | 7/16/2008 | 2001 | 1,286 | Arms Length |
| 3329 Addison Ln | $172,500 | $140 | 7/14/2008 | 2001 | 1,230 | Arms Length |
| 3481 Barnstaple Dr. | $211,000 | $143 | 7/10/2008 | 2004 | 1,471 | Arms Length |
| 3447 Kaylee | $205,000 | $121 | 7/7/2008 | 2000 | 1,694 | Arms Length |
| 3525 Norcross | $186,000 | $145 | 6/27/2008 | 2001 | 1,280 | Arms Length |
| 3312 Emerson Lane | $173,000 | $133 | 6/13/2008 | 2002 | 1,297 | Arms Length |
| 3502 Barnstaple Dr. | $200,500 | $137 | 6/4/2008 | 2004 | 1,462 | Arms Length |
| 3257 Addison Lane | $160,000 | $128 | 5/31/2008 | 2001 | 1,249 | Arms Length |
| 3498 Lands End | $187,500 | $138 | 5/30/2008 | 2003 | 1,362 | Arms Length |
| 3484 Barnstaple Dr. | $217,500 | $135 | 5/16/2008 | 2003 | 1,609 | Arms Length |
| 3260 Addison Ln. | $167,000 | $129 | 5/9/2008 | 2001 | 1,297 | Arms Length |
| 3526 Lands End Lane | $184,500 | $146 | 4/25/2008 | 2003 | 1,260 | Arms Length |
| 3212 Emerson Lane | $165,000 | $127 | 4/14/2008 | 2002 | 1,297 | Arms Length |
| 3475 Torrington Way | $182,500 | $139 | 4/11/2008 | 2001 | 1,315 | Arms Length |
| 3488 Barnstaple Dr. | $225,000 | $153 | 4/11/2008 | 2004 | 1,467 | Arms Length |
| 3317 Bodmin Moor | $197,000 | $139 | 3/28/2008 | 2002 | 1,417 | Arms Length |
| 3227 Addison | $165,000 | $132 | 3/28/2008 | 2000 | 1,246 | Arms Length |
| 3245 Addison Ln. | $169,400 | $136 | 3/26/2008 | 2000 | 1,246 | Arms Length |
| 3209 Addison Lane | $158,000 | $127 | 2/29/2008 | 2000 | 1,246 | Arms Length |
| 3321 Newton Abbott Dr. | $182,500 | $148 | 2/22/2008 | 2003 | 1,234 | Arms Length |
| 3521 Norcross Lane | $180,250 | $139 | 2/15/2008 | 2002 | 1,297 | Arms Length |
| 3209 Dartmouth Drive | $224,500 | $132 | 2/15/2008 | 1999 | 1,703 | Arms Length |
| 3336 Addison Ln. | $182,900 | $146 | 2/15/2008 | 2002 | 1,249 | Arms Length |
| 3501 Norcross Ln. | $162,769 | $130 | 2/1/2008 | 2001 | 1,252 | Arms Length |
| 3303 Dartmouth Drive | $235,000 | $140 | 1/31/2008 | 2003 | 1,682 | Arms Length |
| 3473 Exmouth Lane | $245,000 | $122 | 1/31/2008 | 1999 | 2,015 | Arms Length |
If you would like to sell a home in Weems Plantation, just drop me a note and we can schedule a time to help you completely assess your situation.
Please come back again to see more Tallahassee neighborhood reports, featuring updates on Weems Plantation as well.
About Joe Manausa, MBA
