There is an unusually high rate of short sales and foreclosures in Killearn Acres, as 44% of the sales in 2012 were distressed property sales.
The real estate graph on the right shows the accelerated pace of distressed property sales that has taken hold of Killearn Acres.
Killearn Acres Continued Depreciation
Currently, there are 14 homes for sale in Killearn Acres in the Tallahassee MLS, and distressed home sales are out of control. Soon, more than 1/2 of all Killearn Acres home sales will be a short sale, foreclosure, or bank owned property.
Killearn Acres home values declined 2.3% in 2012, and the neighborhood did not enjoy the growth in sales that many others found. Could this be a sign that buyers still expect large declines in Killearn Acres in 2013?
It is highly likely that we will see Killearn Acres home values decline in 2013, as distressed properties for sale are hotter here than in any other large neighborhood.
We know there are plenty more to clear as well from the shadow inventory, only the pace at which they flow into the market will determine how fast the real estate recovery occurs.
Recent Home Sales In Killearn Acres
| Address | Sales Price | Price/SQF | Closing Date | Year Built | SQF | Type |
| 6631 Tim Tam Trail | $175,000 | $104 | 12/17/2012 | 1983 | 1,680 | Arms Length |
| 6412 Forward Pass Trail | $151,500 | $87 | 12/11/2012 | 1978 | 1,732 | Distressed |
| 3228 Apollo Trail | $167,000 | $113 | 12/5/2012 | 1996 | 1,481 | Arms Length |
| 6555 Man O War Trail | $122,000 | $86 | 11/14/2012 | 1987 | 1,415 | Arms Length |
| 5299 Pimlico Drive | $225,000 | $75 | 11/2/2012 | 1976 | 3,000 | Arms Length |
| 6543 Iron Liege Trail | $115,000 | $85 | 10/15/2012 | 1983 | 1,356 | Distressed |
| 5300 Ben Brush Trl | $154,500 | $85 | 10/10/2012 | 1983 | 1,809 | Distressed |
| 6708 Tomy Lee Trail | $90,000 | $70 | 9/28/2012 | 1980 | 1,280 | Distressed |
| 6424 Kingman Trail | $130,000 | $93 | 9/19/2012 | 1978 | 1,392 | Distressed |
| 3220 Proud Clarion Trl | $150,000 | $115 | 9/19/2012 | 1990 | 1,304 | Distressed |
| 6451 Cavalcade Trail | $111,000 | $87 | 9/6/2012 | 1977 | 1,270 | Arms Length |
| 3135 Swaps Trail | $140,000 | $112 | 8/30/2012 | 1981 | 1,248 | Arms Length |
| 3124 Swaps Trail | $165,000 | $110 | 8/22/2012 | 1982 | 1,502 | Arms Length |
| 6505 Alan A Dale Trail | $202,000 | $122 | 8/17/2012 | 1983 | 1,660 | Arms Length |
| 6437 Jet Pilot Trail | $185,000 | $101 | 8/3/2012 | 1984 | 1,828 | Arms Length |
| 3424 Native Dancer Trail | $165,000 | $101 | 8/1/2012 | 1978 | 1,640 | Arms Length |
| 6653 Man O War Trail | $160,000 | $101 | 7/23/2012 | 1989 | 1,584 | Arms Length |
| 3428 Gallant Fox Trail | $145,000 | $79 | 6/29/2012 | 1983 | 1,828 | Distressed |
| 6483 Joe Cotton Trail | $150,000 | $84 | 6/29/2012 | 1982 | 1,790 | Arms Length |
| 5313 Ben Brush Trail | $190,000 | $90 | 6/29/2012 | 1985 | 2,109 | Arms Length |
| 3051 Whirlaway Trail | $127,000 | $98 | 6/26/2012 | 1991 | 1,296 | Distressed |
| 5331 Ben Brush Trail | $138,000 | $96 | 6/26/2012 | 1984 | 1,432 | Distressed |
| 3190 Whirlaway Trail | $177,500 | $110 | 6/20/2012 | 1978 | 1,609 | Arms Length |
| 6628 Tomy Lee Trail | $141,000 | $116 | 6/15/2012 | 1993 | 1,219 | Arms Length |
| 6597 Man O War | $165,000 | $83 | 6/8/2012 | 1983 | 1,988 | Arms Length |
| 2905 Whirlaway Trail | $155,000 | $103 | 6/7/2012 | 1987 | 1,501 | Arms Length |
| 3105 Elwood Trail | $130,000 | $98 | 5/18/2012 | 1991 | 1,320 | Distressed |
| 6411 Dancers Image Trl | $150,000 | $84 | 5/9/2012 | 1978 | 1,777 | Distressed |
| 6504 Man O War | $135,500 | $94 | 4/27/2012 | 1985 | 1,444 | Distressed |
| 6529 Iron Liege Trl | $207,500 | $118 | 4/5/2012 | 2006 | 1,760 | Arms Length |
| 6416 Bold Venture | $135,000 | $113 | 4/5/2012 | 1980 | 1,196 | Arms Length |
| 6483 Joe Cotton | $70,133 | $52 | 3/30/2012 | 1982 | 1,356 | Distressed |
| 6705 Tim Tam Trl | $189,000 | $116 | 3/28/2012 | 1983 | 1,636 | Arms Length |
| 3135 Swaps Trail | $90,000 | $72 | 3/22/2012 | 1981 | 1,248 | Distressed |
| 3129 Swaps Trail | $145,000 | $119 | 3/7/2012 | 1981 | 1,220 | Distressed |
| 6539 Kingman Trail | $130,000 | $79 | 2/24/2012 | 1979 | 1,654 | Arms Length |
| 6433 Jet Pilot | $172,100 | $84 | 2/17/2012 | 1983 | 2,054 | Distressed |
| 6301 Count Fleet Trl. | $415,000 | $195 | 12/22/2011 | 2011 | 2,130 | Arms Length |
| 6720 Kauai King Trl | $192,000 | $99 | 12/21/2011 | 1988 | 1,940 | Arms Length |
| 6751 Johnstown Loop | $163,000 | $112 | 12/5/2011 | 1990 | 1,452 | Arms Length |
| 3128 Swaps Trail | $138,000 | $93 | 11/17/2011 | 1986 | 1,479 | Arms Length |
| 6448 Joe Cotton Trail | $150,000 | $75 | 11/10/2011 | 1982 | 1,996 | Arms Length |
| 6409 Forward Pass Trail | $77,500 | $50 | 10/24/2011 | 1990 | 1,560 | Distressed |
| 6721 Tim Tam Tr | $179,000 | $117 | 10/17/2011 | 2005 | 1,526 | Distressed |
| 6420 Count Turf Trail | $176,000 | $123 | 10/14/2011 | 1982 | 1,434 | Arms Length |
| 3109 Elwood Trail | $145,000 | $95 | 9/30/2011 | 1984 | 1,532 | Arms Length |
| 6618 Man O’ War Trail | $126,500 | $82 | 9/22/2011 | 1983 | 1,547 | Distressed |
| 6464 Cavalcade Trail | $155,000 | $112 | 9/22/2011 | 1998 | 1,380 | Arms Length |
| 6405 Cavalcade Trail | $163,000 | $99 | 9/14/2011 | 1983 | 1,653 | Arms Length |
| 5328 Ben Brush Trail | $210,000 | $94 | 9/9/2011 | 1983 | 2,236 | Arms Length |
| 6724 Johnstown Loop | $170,000 | $86 | 8/31/2011 | 1979 | 1,970 | Distressed |
| 6436 Joe Cotton Trail | $136,500 | $89 | 8/29/2011 | 1988 | 1,530 | Distressed |
| 3141 Whirlaway Trail | $200,000 | $66 | 7/29/2011 | 1978 | 3,035 | Arms Length |
| 3310 Lord Murphy Trail | $177,750 | $93 | 7/29/2011 | 1996 | 1,904 | Arms Length |
| 6500 Carry Back | $160,000 | $118 | 7/25/2011 | 1985 | 1,354 | Arms Length |
| 6524 Kingman Trail | $155,000 | $97 | 7/20/2011 | 1990 | 1,590 | Arms Length |
| 6447 Bold Venture Trail | $125,000 | $87 | 7/7/2011 | 1984 | 1,440 | Arms Length |
| 6423 Joe Cotton Trail | $150,000 | $113 | 7/7/2011 | 1984 | 1,329 | Arms Length |
| 6636 Kingman Trail | $175,000 | $92 | 6/30/2011 | 1984 | 1,900 | Arms Length |
| 6475 Joe Cotton Trail | $163,000 | $122 | 6/30/2011 | 1987 | 1,335 | Arms Length |
| 6428 Bold Venture Trail | $110,000 | $91 | 6/28/2011 | 1984 | 1,207 | Distressed |
| 6531 Man O War Trail | $159,900 | $99 | 5/31/2011 | 1980 | 1,617 | Arms Length |
| 4909 Pimlico Dr | $169,450 | $111 | 5/27/2011 | 1986 | 1,523 | Arms Length |
| 3131 Lookout Trl | $180,000 | $100 | 5/17/2011 | 1983 | 1,797 | Arms Length |
| 3136 Lookout Trail | $182,000 | $98 | 5/10/2011 | 1987 | 1,864 | Arms Length |
| 3241 Majestic Prince Trail | $183,000 | $89 | 5/4/2011 | 1982 | 2,055 | Arms Length |
| 4736 Pimlico Drive | $145,000 | $71 | 4/15/2011 | 1984 | 2,042 | Distressed |
| 3237 Majestic Prince Trail | $167,000 | $96 | 3/31/2011 | 1979 | 1,748 | Arms Length |
| 6408 Kingman Trl | $170,000 | $127 | 3/23/2011 | 1989 | 1,339 | Arms Length |
| 6719 Johnstown Loop | $136,000 | $95 | 3/17/2011 | 1979 | 1,429 | Distressed |
| 3400 Gallant Fox Trl | $95,000 | $50 | 2/28/2011 | 1980 | 1,885 | Distressed |
| 3239 Lord Murphy Trl | $169,000 | $118 | 2/18/2011 | 1988 | 1,435 | Arms Length |
I hope you enjoyed our year end report on home sales in Killearn Acres, please return again to find more Tallahassee neighborhood reports.
About Joe Manausa, MBA
