Killearn Lakes Unit 2 Home Sale Report

I was recently looking into home values in Unit 2 of Killearn Lakes Plantation and figured that my results would make for an interesting blog post at the Tallahassee Real Estate Blog. Killearn Lakes is the most active subdivision in Northeast Tallahassee, so I knew that whatever I found would be an important representation of current activity in the Tallahassee housing market.

Unit Sales And Average Home Prices Dropping In Killearn Lakes Unit 2

Much like we have seen in the rest of the Tallahassee housing market, both unit sales and home prices have fallen in Killearn Lakes Unit 2. Lately, we have seen some stability in the number of homes selling each month, but values are averaging in the $160K – $170K price range, after once approaching $200K in 2006.

Killearn Lakes Unit 2 Home Values Down 17%

Home values in KLP2 have depreciated 17% since the peak of the market, which is much better than many other parts of the Tallahassee housing market (just last week we reported that Southwood home values depreciated 24%). Because this is a neighborhood with homes valued right at the median price point in Tallahassee, it is poised to weather the market better than ones further away from the middle. Additionally, this price point is best suited for the Homebuyer Tax Credit that home buyers can use through April of this year.

In the real estate graph above, we see the 17% decline in home values. Additionally, to the right of the main graph area, the yellow arrow represents the range in values of homes that failed to sell in the Tallahassee MLS, while the red arrow represents the range of values of the current homes for sale in Killearn Lakes Unit 2.

Recent Home Sales In Killearn Lakes Unit 2

Address

Price

Size

PPSFT

Year Built

Sale Date

1776 FOLKSTONE RD 150,000 1,382 $109 2000 12/23/2009
8340 CHICKASAW TRL 168,000 1,348 $125 1991 12/18/2009
8331 CHICKASAW TRL 242,500 2,075 $117 1987 12/18/2009
8227 HUNTERS RIDGE TRL 168,000 1,404 $120 1993 12/7/2009
8132 HOLLY RIDGE TRL 125,000 1,264 $99 2000 12/3/2009
8371 CHICKASAW TRL 170,000 1,358 $125 1996 12/2/2009
8223 HUNTERS RIDGE TRL 158,800 1,320 $120 2009 11/24/2009
8830 MINNOW CREEK DR 147,700 1,296 $114 1989 11/18/2009
1769 FOLKSTONE RD 178,000 1,341 $133 1993 11/3/2009
8288 CHICKASAW TRL 186,000 1,609 $116 1991 11/2/2009
8633 OAK FOREST TRL 100,000 1,293 $77 1994 10/20/2009
1701 BROKEN BOW TRL 185,500 1,340 $138 1998 9/25/2009
8109 HOLLY RIDGE TRL 152,000 1,187 $128 1993 9/9/2009
2344 TUSCAVILLA RD 155,000 1,232 $126 1987 8/24/2009
1735 FOLKSTONE RD 195,000 1,405 $139 1991 8/18/2009
1706 BROKEN BOW TRL 168,500 1,729 $97 1993 7/31/2009
1835 FOLKSTONE RD 165,000 1,203 $137 1989 7/27/2009
8228 CHICKASAW TRL 170,000 1,460 $116 2004 7/27/2009
8628 OAK FOREST TRL 189,900 1,544 $123 1993 7/10/2009
8675 OAK FOREST TRL 185,000 1,424 $130 1990 7/6/2009
8216 HUNTERS RIDGE TRL 190,500 1,623 $117 1989 6/23/2009
8623 OAK FOREST TRL 150,000 1,281 $117 1990 6/18/2009
8390 CHICKASAW TRL 174,500 1,383 $126 1992 6/16/2009
2284 TUSCAVILLA RD 142,500 1,317 $108 1992 6/5/2009
8612 OAK FOREST TRL 157,500 1,473 $107 1988 6/5/2009
8402 CHICKASAW TRL 148,500 1,466 $101 1986 3/24/2009
1788 FOLKSTONE RD 160,000 1,472 $109 1993 2/24/2009
1883 FOLKSTONE RD 145,000 1,467 $99 1992 1/27/2009
8256 HUNTERS RIDGE TRL 182,900 1,524 $120 1991 1/6/2009
1887 FOLKSTONE RD 154,600 1,382 $112 1995 12/30/2008
1797 FOLKSTONE RD 170,000 1,392 $122 1993 12/30/2008
2348 TUSCAVILLA RD 125,000 1,108 $113 1988 12/5/2008
1699 FOLKSTONE RD 167,500 1,420 $118 1991 11/24/2008
1707 FOLKSTONE RD 185,000 1,743 $106 1989 11/7/2008
8208 HUNTERS RIDGE TRL 132,000 1,538 $86 1993 10/23/2008
1713 BROKEN BOW TRL 227,000 1,713 $133 2008 9/15/2008
2317 TUSCAVILLA RD 157,000 1,214 $129 1984 9/5/2008
8235 CHICKASAW TRL 162,000 1,341 $121 1989 9/5/2008
1863 FOLKSTONE RD 189,900 1,313 $145 1996 8/27/2008
8620 OAK FOREST TRL 163,000 1,232 $132 1988 8/5/2008
1709 BROKEN BOW TRL 229,000 1,686 $136 2008 7/31/2008
1679 FOLKSTONE RD 191,500 1,468 $130 1997 7/25/2008
8753 MINNOW CREEK DR 240,000 1,617 $148 2004 7/21/2008
2363 TUSCAVILLA RD 160,000 1,088 $147 1985 7/18/2008
1875 FOLKSTONE RD 191,500 1,382 $139 1995 7/11/2008
8323 HUNTERS RIDGE TRL 194,500 1,560 $125 1989 7/11/2008
9113 BIRCH RUN LN 226,000 1,609 $140 1989 5/30/2008
1742 FOLKSTONE RD 177,000 1,232 $144 1992 5/20/2008
1628 FLINT RIDGE LN 169,000 1,290 $131 1987 5/1/2008
8287 HUNTERS RIDGE TRL 157,000 1,214 $129 1992 3/28/2008
8360 CHICKASAW TRL 182,000 1,520 $120 1988 3/26/2008
8220 HUNTERS RIDGE TRL 175,000 1,276 $137 1991 3/24/2008
8235 HUNTERS RIDGE TRL 199,000 1,442 $138 1992 2/28/2008
8331 CHICKASAW TRL 200,000 2,075 $96 1987 2/22/2008
8336 CHICKASAW TRL 187,500 1,452 $129 1991 2/8/2008
2305 TUSCAVILLA RD 193,800 1,396 $139 1990 1/22/2008
9113 BITHLO LN 147,400 1,416 $104 1990 1/10/2008
1611 FLINT RIDGE LN 155,000 1,031 $150 1987 1/7/2008
8604 OAK FOREST TRL 199,500 1,284 $155 1990 12/28/2007
8653 OAK FOREST TRL 200,800 1,473 $136 1990 11/30/2007
1817 BRIDGEMONT TRL 196,000 1,288 $152 1989 11/2/2007
8340 CHICKASAW TRL 180,000 1,348 $134 1991 10/31/2007
2308 TUSCAVILLA RD 225,000 1,568 $143 1988 10/24/2007
8235 HUNTERS RIDGE TRL 194,100 1,442 $135 1992 10/1/2007
1701 INDIAN TOWN LN 197,000 1,373 $143 1990 9/28/2007
2358 TUSCAVILLA RD 208,000 1,435 $145 1991 9/21/2007
8109 HOLLY RIDGE TRL 184,500 1,187 $155 1993 8/31/2007
8256 HUNTERS RIDGE TRL 191,500 1,524 $126 1991 8/24/2007
9105 HICKORY NUT HL 200,000 1,420 $141 1992 8/10/2007
9113 BIRCH RUN LN 211,200 1,609 $131 1989 8/10/2007
1709 GREENRIDGE TRL 190,000 1,410 $135 1991 7/31/2007
9108 BIRCH RUN LN 213,000 1,378 $155 1990 7/27/2007
1813 BRIDGEMONT TRL 200,000 1,238 $162 1989 6/29/2007
8629 OAK FOREST TRL 162,000 1,458 $111 1998 6/28/2007
2383 TUSCAVILLA RD 221,000 1,108 $199 1992 6/27/2007
8312 CHICKASAW TRL 162,600 1,737 $94 1995 6/27/2007
2289 TUSCAVILLA RD 190,000 1,164 $163 1985 6/22/2007
8353 HUNTERS RIDGE TRL 206,000 1,458 $141 1994 6/22/2007
8814 MINNOW CREEK DR 235,400 1,638 $144 1994 6/14/2007
8316 CHICKASAW TRL 171,000 1,737 $98 1995 6/14/2007
1721 INDIAN TOWN LN 191,300 1,213 $158 1990 6/12/2007
1811 FOLKSTONE RD 194,500 1,408 $138 1991 6/8/2007
8632 OAK FOREST TRL 204,500 1,533 $133 1994 5/21/2007
8825 MINNOW CREEK DR 187,900 1,124 $167 1987 5/4/2007
1776 FOLKSTONE RD 201,000 1,382 $145 2000 5/3/2007
2249 TUSCAVILLA RD 190,000 1,587 $120 1990 4/27/2007
8382 CHICKASAW TRL 190,000 1,454 $131 1990 4/11/2007
2354 TUSCAVILLA RD 122,000 1,322 $92 1994 4/6/2007
2368 TUSCAVILLA RD 116,000 1,450 $80 1995 4/6/2007
1891 FOLKSTONE RD 166,700 1,436 $116 1993 3/29/2007
1735 FOLKSTONE RD 212,500 1,405 $151 1991 3/16/2007
8807 MINNOW CREEK DR 189,900 1,308 $145 1988 3/5/2007
8213 BRIDGE WATER TRL 236,500 1,680 $141 1995 2/28/2007
1887 FOLKSTONE RD 202,100 1,382 $146 1995 2/23/2007
8810 MINNOW CREEK DR 153,000 1,638 $93 1994 2/20/2007
8794 MINNOW CREEK DR 199,900 1,245 $161 1991 1/5/2007
1792 FOLKSTONE RD 213,000 1,648 $129 1988 1/4/2007
1853 BRIDGEMONT TRL 190,000 1,272 $149 1990 11/30/2006
8219 HUNTERS RIDGE TRL 185,500 1,264 $147 1994 11/15/2006
8225 BRIDGE WATER TRL 242,600 1,780 $136 1986 11/13/2006
8747 MINNOW CREEK DR 185,000 926 $200 1991 11/10/2006
8227 HUNTERS RIDGE TRL 195,000 1,404 $139 1993 11/6/2006
8371 CHICKASAW TRL 195,000 1,358 $144 1996 11/3/2006
8315 CHICKASAW TRL 180,000 1,332 $135 1991 10/18/2006
8728 MINNOW CREEK DR 193,500 1,430 $135 2001 8/28/2006
1772 FOLKSTONE RD 207,000 1,313 $158 2000 8/7/2006
1742 FOLKSTONE RD 191,400 1,255 $153 1992 8/3/2006
1705 INDIAN TOWN LN 187,500 1,257 $149 1990 7/28/2006
8232 BRIDGE WATER TRL 172,000 1,060 $162 1985 7/13/2006
8228 CHICKASAW TRL 228,000 1,460 $156 2004 6/30/2006
1855 FOLKSTONE RD 203,500 1,513 $135 1992 6/19/2006
8263 CHICKASAW TRL 185,000 1,269 $146 1994 6/12/2006
1816 BRIDGEMONT TRL 173,000 1,174 $147 1986 6/1/2006
8338 HUNTERS RIDGE TRL 177,000 1,232 $144 1992 6/1/2006
8360 CHICKASAW TRL 182,000 1,524 $119 1988 6/1/2006
8735 MINNOW CREEK DR 192,500 1,300 $148 1991 5/31/2006
2276 TUSCAVILLA RD 259,000 2,053 $126 1986 5/31/2006
2205 WOOD DUCK WAY 199,900 1,324 $151 1990 5/25/2006
1749 BROKEN BOW TRL 194,000 1,234 $157 1991 5/15/2006
8121 HOLLY RIDGE TRL 190,000 1,565 $121 1986 5/5/2006
8743 MINNOW CREEK DR 141,000 1,196 $118 1985 5/1/2006
2309 TUSCAVILLA RD 189,000 1,332 $142 1994 4/11/2006
1849 BRIDGEMONT TRL 189,900 1,433 $133 1986 4/11/2006
8831 MINNOW CREEK DR 194,900 1,404 $139 1986 4/6/2006
8320 CHICKASAW TRL 199,000 1,523 $131 1992 4/6/2006
8376 CHICKASAW TRL 205,100 1,841 $111 1990 3/31/2006
2001 ACORN RIDGE TRL 195,000 1,290 $151 1990 3/29/2006
1748 FOLKSTONE RD 197,000 1,343 $147 1991 3/17/2006
8320 CHICKASAW TRL 171,600 1,523 $113 1992 3/17/2006
2208 TUSCAVILLA RD 216,000 1,527 $141 1991 3/15/2006
2308 TUSCAVILLA RD 222,500 1,568 $142 1988 2/28/2006
8117 HOLLY RIDGE TRL 205,000 1,568 $131 1988 2/24/2006
1717 BROKEN BOW TRAIL 197,000 1,505 $131 1992 2/22/2006
8713 MINNOW CREEK DR 179,900 1,206 $149 1989 1/31/2006
1784 BROKEN BOW TRL 171,900 1,207 $142 1985 1/30/2006
2237 TUSCAVILLA RD 192,500 1,433 $134 1990 1/20/2006
2301 TUSCAVILLA RD 172,500 1,284 $134 1989 1/13/2006

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Last modified: February 22, 2010
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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Comments

  1. When you look at the graphs it looks like direct inverse of the run up. It a lot like a pendulum when it swing in one direction it always swings in the opposite direction.

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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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