Forty Percent Of All Killearn Lakes Home Sales Are Distressed

Having started my Tallahassee real estate career with Killearn Lakes home sales, I find myself (nearly) speechless when observing the rapid rise of distressed properties in this wonderful Tallahassee neighborhood located in the 32312 zip code.

This was the final jewel in the crown of Killearn Properties, a neighborhood that was designed to be everything the successful Killearn Estates had been, with the addition of a world class Tom Fazio golf course located within the gates of Golden Eagle Plantation.

With everything this community has to offer, Killearn Lakes home sales still continue to decline in value, offering home buyers incredible deals at prices last seen in 2002.

Average Prices Of Killearn Lakes Home Sales

When we take in all Killearn Lakes home sales, we find that the average sales price in 2012 thus far is $181,000, down 28% from the $252,000 recorded in 2007. With more foreclosure filings recently announced, I would expect this downward trend to continue.

Average Prices Of Killearn Lakes Home Sales CENTURY 21 Manausa and Associates 1140 Capital Circle SE #12A Tallahassee, FL 32301 (850) 366-8917 www.manausa.com

Average Values Of Killearn Lakes Home Sales

More importantly, real estate depreciation for Killearn Lakes home sales has crested the 30% level. While this is lower than the average in Tallahassee, it still is wreaking havoc. The average value of a home sold in Killearn Lakes Plantation in 2012 has been $97 per square foot, a far cry from the $139 per square foot recorded in 2007.

Average Values Of Killearn Lakes Home Sales CENTURY 21 Manausa and Associates 1140 Capital Circle SE #12A Tallahassee, FL 32301 (850) 366-8917 www.manausa.com

Distressed Killearn Lakes Home Sales

With the end of the robo-signing scandal well behind us, it is not too surprising that Killearn Lakes home sales are taking their lumps like everybody else. The real estate graph below shows that 40% percent of all homes sold in Killearn Lakes Plantation in 2012 have been short sales, foreclosures, or bank owned properties.

Distressed Killearn Lakes Home Sales CENTURY 21 Manausa and Associates 1140 Capital Circle SE #12A Tallahassee, FL 32301 (850) 366-8917 www.manausa.com

Home Selling Advice BookIf you own a home in Killearn Lakes Plantation and are trying to decide what to do, you could either read our free book “Should I Short Sale My Home?” or just go straight to the source.

You can drop me a note anytime in order to schedule a time to talk about your specific situation and needs. After speaking directly with over 250 homeowners in the past year about handling this tough housing market, I can tell you that you will feel much better knowing all of the options available to you today.

Recent Killearn Lakes Home Sales

Address Sales Price Price/SQF Closing Date Year Built SQF Type
9929 Beaver Ridge  Trail $250,000 $104 5/15/2012 1990 2,401 Arms Length
2988 Killearn Pointe Crt $320,000 $145 5/8/2012 1999 2,210 Arms Length
2249 Tuscavilla Road $150,400 $95 5/4/2012 1990 1,587 Distressed
3460 Rosemont Ridge $155,000 $111 4/30/2012 1982 1,402 Arms Length
9409 Buck Haven  Trail $215,000 $99 4/30/2012 1994 2,172 Arms Length
1216 Pheasant Run $173,000 $94 4/23/2012 2000 1,841 Distressed
2989 Killearn Point Court $245,000 $127 4/16/2012 1999 1,935 Arms Length
8259 Chickasaw Trail $121,500 $67 4/12/2012 1986 1,810 Distressed
3432 Briar Branch Trail $163,800 $104 4/6/2012 1977 1,580 Arms Length
1583 Copperfield Circle $215,000 $98 4/5/2012 1991 2,198 Distressed
1801 Bridgemont Trail $143,600 $101 3/30/2012 1991 1,421 Arms Length
3439 Treaty Oak Trail $215,000 $113 3/30/2012 2008 1,896 Arms Length
10032 Leafwood Drive $203,000 $134 3/28/2012 1997 1,513 Arms Length
3463 Hawks Hill Trail $175,000 $109 3/22/2012 2005 1,600 Arms Length
8185 Blue Quill Trail $205,300 $70 3/20/2012 1987 2,938 Distressed
7733 Briarcreek Road $105,500 $84 3/14/2012 1984 1,256 Distressed
2231 Pine Landing Court $105,000 $71 3/6/2012 2000 1,478 Distressed
3205 Horseshoe Trail $200,000 $86 2/24/2012 1990 2,318 Distressed
11101 Wildlife Trl $175,000 $77 2/24/2012 1990 2,284 Distressed
11056 Wildlife Trail $237,500 $101 2/17/2012 1994 2,342 Arms Length
8716 Spring Shore Trl $255,000 $97 2/10/2012 1986 2,629 Arms Length
1830 Folkstone Rd $149,000 $102 2/3/2012 1990 1,468 Arms Length
8825 Minnow Creek Drive $104,900 $93 1/25/2012 1987 1,124 Distressed
3460 Rosemont Ridge Rd $96,000 $68 1/24/2012 1982 1,402 Distressed
9901 Turtle Dove Way $157,500 $108 1/23/2012 1990 1,460 Arms Length
1592 Copperfield Circle $221,500 $97 1/23/2012 1989 2,288 Arms Length
1604 Norwood Lane $188,000 $102 1/20/2012 1992 1,850 Arms Length
8137 Blue Quill Trl $129,999 $61 1/13/2012 1987 2,148 Distressed
1679 Folkstone Rd $162,000 $110 1/13/2012 1997 1,468 Arms Length
9300 Buck Haven Trail $192,000 $98 1/12/2012 1990 1,954 Arms Length
1827 Folkstone Rd $94,000 $62 12/30/2011 1992 1,505 Distressed
3423 Briar Branch Trail $155,000 $98 12/30/2011 1977 1,582 Arms Length
2965 Killearn Pointe Ct $225,000 $120 12/27/2011 1997 1,882 Arms Length
10112 Twisting Vine Court $179,900 $99 12/22/2011 2000 1,811 Arms Length
3554 Dogwood Valley $172,500 $120 12/19/2011 2003 1,435 Arms Length
7805 Thornhill Lane $225,000 $112 12/19/2011 1974 2,015 Arms Length
8308 Chickasaw Trail $165,000 $104 12/16/2011 1993 1,585 Arms Length
9112 Hickorynut $157,500 $112 12/15/2011 1992 1,412 Arms Length
3543 Rosemont Ridge Rd $172,000 $91 12/14/2011 1986 1,888 Arms Length
2261 Tuscavilla Road $190,000 $103 12/9/2011 1990 1,849 Arms Length
1805 Log Ridge Trail $247,500 $102 12/5/2011 1994 2,432 Arms Length
9500 Buck Haven Trail $200,000 $96 11/30/2011 1992 2,083 Arms Length
3316 Micanopy Trl $145,000 $114 11/29/2011 1985 1,274 Arms Length
8227 Hunters Ridge Trail $151,000 $108 11/28/2011 1993 1,404 Arms Length
8121 Blue Quill Trl $235,500 $101 11/23/2011 1988 2,332 Arms Length
7816 Briarcreek Road $179,900 $106 11/21/2011 2008 1,694 Arms Length
8130 Blue Quill Trl $260,366 $76 11/18/2011 1986 3,440 Arms Length
7825 Briarcreek Rd N $220,000 $120 11/14/2011 2000 1,830 Arms Length
3261 Lilburn Court $215,000 $110 11/1/2011 1999 1,956 Arms Length
2001 Morning Dove Road $185,000 $105 10/28/2011 1997 1,762 Arms Length
9888 Deer Lake N $370,000 $128 10/28/2011 2002 2,894 Arms Length
3309 Cherokee Ridge  Trail $155,000 $103 10/27/2011 1983 1,508 Distressed
2230 Tuscavilla Road $189,900 $115 10/27/2011 1986 1,655 Arms Length
9912 Beaver Ridge Trail $237,000 $107 10/24/2011 1990 2,221 Arms Length
3411 Cherokee Ridge Trail $116,000 $105 10/21/2011 1984 1,110 Arms Length
7742 N Briarcreek $142,500 $107 10/18/2011 1984 1,337 Arms Length
1753 Copperfield Circle $226,900 $114 10/7/2011 1990 1,992 Arms Length
3480 Hawks Hill Trail $150,000 $115 9/30/2011 1997 1,300 Distressed
9804 Thunder Hill Trail $222,500 $115 9/28/2011 1990 1,930 Arms Length
7772 Briarcreek Rd N $172,000 $110 9/26/2011 1985 1,561 Arms Length
7741 N Briarcreek Road $155,000 $110 9/9/2011 1984 1,408 Arms Length
9112 Birch Run Lane $177,000 $110 8/26/2011 1987 1,614 Arms Length
2994 Killearn Pointe Court $404,900 $119 8/25/2011 2005 3,400 Distressed
9909 Beaver Ridge Trail $165,900 $100 8/18/2011 1991 1,661 Distressed
1507 Breamstone Ridge $202,000 $117 8/17/2011 2000 1,728 Arms Length
9381 Buck Haven Trail $199,900 $90 8/17/2011 1994 2,228 Arms Length
1883 Log Ridge Trail $160,000 $89 8/15/2011 1991 1,806 Distressed
3414 Treaty Oak $214,000 $126 8/8/2011 2011 1,701 Arms Length
9832 Thunder Hill Trail $208,000 $96 8/5/2011 1989 2,178 Arms Length
3359 Micanopy Trail $167,000 $104 8/5/2011 1985 1,603 Arms Length
1560 Copperfield Circle $210,000 $95 7/22/2011 1991 2,220 Distressed
9353 Buck Haven Trail $156,000 $82 7/12/2011 1991 1,898 Distressed
2205 Wood Duck Way $120,000 $77 7/11/2011 1990 1,552 Distressed
9481 Buck Haven Trail $149,800 $80 7/8/2011 1991 1,884 Distressed
2204 Ten Oaks Drive $134,000 $61 7/1/2011 1989 2,190 Arms Length
3557 Rosemont Ridge Rd. $169,000 $109 7/1/2011 2004 1,552 Arms Length
8201 Hunters Ridge Trail $119,000 $100 6/30/2011 1988 1,196 Distressed
10507 Blue Wing Court $349,459 $118 6/30/2011 1991 2,969 Arms Length
3425 Hawks Hill Trail $155,000 $110 6/30/2011 1984 1,404 Arms Length
1604 Chadwick Way $274,900 $115 6/30/2011 1993 2,387 Arms Length
8386 Chickasaw Trail $135,000 $99 6/28/2011 1985 1,369 Arms Length
8377 Hunters Ridge Trail $86,000 $86 6/27/2011 1993 1,000 Distressed
8026 Briarcreek $135,500 $102 6/22/2011 1983 1,330 Arms Length
7900 Briar Creek $148,000 $110 6/20/2011 1994 1,342 Arms Length
2212 Ten Oaks Drive $638,000 $131 6/20/2011 2003 4,879 Arms Length
3376 Barrow Hill Trail $185,000 $116 6/15/2011 2000 1,596 Arms Length
1702 Folkstone Road $162,500 $123 6/10/2011 1993 1,320 Arms Length
3508 Cherokee Ridge Trail $145,000 $99 6/10/2011 1984 1,460 Arms Length
1600 Folkstone Rd $114,900 $84 6/8/2011 1991 1,370 Distressed
8747 Minnow Creek Drive $120,000 $96 6/3/2011 1991 1,255 Distressed
12065 Cedar Bluff Trail $315,000 $116 6/3/2011 1990 2,720 Arms Length
1628 Chadwick Way $250,000 $108 6/3/2011 1996 2,323 Arms Length
8301 Chickasaw Trail $173,000 $118 6/2/2011 1987 1,463 Arms Length

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I hope this blog post gave you the information you were seeking on Killearn Lakes Home Sales, please come back again for other Tallahassee neighborhood reports and updates on Killearn Lakes Plantation.

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9 September 2013
Joe Manausa
FL
Century 21
Last modified: September 9, 2013
About Joe Manausa

Joe Manausa, MBA is a 22+ 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.

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IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is deemed reliable but is not guaranteed accurate by the MLS.

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