The average price of a residential lot in Tallahassee has dropped below $70,000 and looks to continue dropping. Unit sales have trended down to an incredible 30 lot sales per month. This is due to the fact that home sales are down and there is not current demand for new construction. Look for lot sales to stay depressed until housing inventory levels get closer to 6 months of supply.
Lot Sales For January 2010
Subdivision/Location |
Address |
Price |
Sale Date |
Sqft |
Doc Type |
| PLANTATION OF TALLAHASSEE PECAN | BLOUNTSTOWN ST | $50,000 | 1/29/2010 | 0 | Corp WARRANTY DEED |
| LOUVINIA HILLS | LOUVINIA DR | $100 | 1/25/2010 | 0 | CERTIFICATE OF TITLE |
| KILLEARN ACRES | COUNT FLEET TRL | $125,000 | 1/22/2010 | 0 | Corp WARRANTY DEED |
| KIMBERTON | 3106 SHAMROCK ST N | $50,000 | 1/22/2010 | 0 | WARRANTY DEED |
| 34-01N-02E | 0 CHAIRES CROSSING RD | $84,000 | 1/22/2010 | 0 | WARRANTY DEED |
| CAPITOLA FLA | 890 CAP TRAM RD | $75,500 | 1/20/2010 | 0 | QUIT CLAIM DEED |
| RIVER’S LANDING | RIVERS LANDING WAY | $40,000 | 1/19/2010 | 0 | WARRANTY DEED |
| RIVER’S LANDING | RIVERS LANDING WAY | $40,000 | 1/19/2010 | 0 | WARRANTY DEED |
| 07-01N-03E | 12645 JEFFERSON CT | $20,500 | 1/19/2010 | 0 | Gen WARRANTY DEED |
| MAGNOLIA PLACE | 627 CHANCEY LN | $12,500 | 1/15/2010 | 0 | QUIT CLAIM DEED |
| BULL RUN | 2572 HALLECK LN | $71,500 | 1/14/2010 | 0 | WARRANTY DEED |
| BULL RUN | 5613 RINGOLD | $85,000 | 1/11/2010 | 0 | WARRANTY DEED |
| BULL RUN | 2566 HALLECK LN | $72,500 | 1/11/2010 | 0 | WARRANTY DEED |
| TALLAHASSEE RANCH CLUB | HIDDEN HORSE WAY | $75,500 | 1/8/2010 | 0 | WARRANTY DEED |
| MICCOSUKEE MEADOWS | ARGYLE LN | $58,900 | 1/7/2010 | 0 | WARRANTY DEED |
| BEN STOUTAMIRE | 3125 BEN STOUTAMIRE RD | $30,000 | 1/6/2010 | 0 | WARRANTY DEED |
| BULL RUN | 2526 LAGRANGE TRL | $84,400 | 1/4/2010 | 0 | WARRANTY DEED |
About Joe Manausa, MBA
