Southwood Real Estate Market Report

As one of the most active neighborhoods in Tallahassee, the Southwood real estate market is worth watching as its own entity.

There are trends occurring for Southwood real estate that are fairly unique and localized to the homes located in Southwood, but it’s a large enough part of the Tallahassee housing market that the impact will be felt throughout Tallahassee.

Currently, there are 47 homes for sale in Southwood in the Tallahassee MLS, and there might be as much as four times that amount growing in the “pent up” supply.

Southwood Real Estate – New Construction Versus Current Homeowners

The real estate graph above shows that still one in four home sales in Southwood is new construction (blue line), with builders being able to attract buyers with brand new homes at prices which are competitive with the existing homes for sale.

This additional inventory is not helping homeowners who are trying to sell Southwood real estate, and it’s a contributing factor in the rise in distressed home sales (red line) which now has exceeded 31% of all Southwood home sales.

The graph below shows the cost of building new homes in the Southwood real estate market is no longer falling, and we are seeing the new construction trend finally declining. But even as new construction prices are set to reach the $150 per square foot level, existing Southwood real estate values continue to decline.

Southwood Real Estate Sales Southwood Real Estate Market Report, Tallahassee Real Estate

The information in these graphs is not sufficient to determine the specific value of any home or lot in the Southwood real estate market, but the trends are indicative of the direction of current values.

Recent Sales In The Southwood Real Estate Market

 

Address Sales Price Price/SQF Closing Date Year Built SQF Type
4264 Four Oaks Blvd $197,900 $109 2/22/2013 2009 1,818 Arms Length
2566 Twain $402,000 $141 2/20/2013 2006 2,861 Arms Length
3985 Four Oaks  Boulevard $139,000 $105 2/19/2013 2003 1,324 Arms Length
3728 Ivy Green Trail $230,000 $142 2/15/2013 2003 1,620 Arms Length
3748 Biltmore $290,000 $141 2/15/2013 2005 2,059 Distressed
3797 Chanticleer Ct $206,000 $127 2/14/2013 2001 1,620 Arms Length
4190 Four Oaks Boulevard $165,000 $108 1/31/2013 2008 1,521 Arms Length
3056 Indian Grass Lane $214,000 $153 1/31/2013 2009 1,400 Arms Length
3160 Nathaniel Trace $282,900 $148 1/31/2013 2012 1,918 Arms Length
3174 Duxbury Ln $343,901 $171 1/30/2013 2012 2,007 Arms Length
3628 Biltmore Ave $147,500 $106 1/25/2013 2005 1,394 Distressed
3672 Biltmore Avenue $190,000 $123 1/25/2013 2004 1,541 Arms Length
2521 Twain Drive $300,000 $125 1/24/2013 2005 2,394 Distressed
4032 Colleton Court $139,600 $105 1/16/2013 2003 1,324 Arms Length
4278 Avon Park Circle $130,000 $98 1/15/2013 2004 1,324 Distressed
3147 Nathaniel Trace $306,888 $153 1/2/2013 2012 2,007 Arms Length
3752 Biltmore Avenue $293,900 $134 12/28/2012 2004 2,200 Arms Length
2440 Rain Lily Way $185,000 $132 12/28/2012 2010 1,400 Arms Length
2451 E Orange Av $326,500 $112 12/27/2012 2008 2,914 Arms Length
2460 Lantana Lane $230,000 $139 12/20/2012 2012 1,651 Arms Length
2501 Twain Drive $275,000 $115 12/14/2012 2006 2,394 Distressed
3243 Endicott $471,500 $150 12/13/2012 2013 3,134 Arms Length
3191 Nathaniel Trace $304,900 $145 12/12/2012 2012 2,100 Arms Length
3780 Biltmore Ave. $322,000 $111 12/10/2012 2009 2,899 Distressed
4386 Grove Park Dr $239,000 $118 12/6/2012 2005 2,034 Arms Length
2482 Goldenrod Way $334,900 $116 11/30/2012 2008 2,893 Arms Length
2404 Rain Lily Way $192,500 $120 11/30/2012 2010 1,601 Arms Length
4129 Faulkner Lane $425,000 $148 11/30/2012 2005 2,865 Arms Length
3180 Nathaniel Trace $295,813 $154 11/30/2012 2012 1,918 Arms Length
3798 Piney Grove Drive $399,900 $149 11/30/2012 2010 2,692 Arms Length
4252 Four Oaks Blvd $165,000 $108 11/28/2012 2009 1,521 Arms Length
4036 Colleton Court $134,000 $101 11/26/2012 2003 1,324 Arms Length
3258 Updike Avenue $402,700 $158 11/23/2012 2012 2,555 Distressed
3130 Mulberry Park Boulevard $285,000 $120 11/21/2012 2002 2,368 Arms Length
4258 Raleigh Way $190,000 $92 11/16/2012 2006 2,073 Distressed
4520 Grove Park Dr $600,000 $128 11/16/2012 2007 4,680 Distressed
3033 Four Oaks Boulevard $250,000 $132 11/16/2012 2012 1,900 Distressed
3737 Four Oaks $190,000 $113 11/15/2012 2001 1,683 Arms Length
3242 Endicott Drive $431,000 $144 11/14/2012 2005 3,003 Arms Length
3258 Updike $402,685 $158 11/13/2012 2012 2,555 Arms Length
3566 Strolling Way $365,000 $150 11/12/2012 2012 2,428 Arms Length
3184 Nathaniel Trace $282,298 $148 11/9/2012 2012 1,913 Arms Length
3172 Nathaniel Trace $285,961 $150 11/2/2012 2012 1,904 Arms Length
4126 Faulkner Ln $455,500 $144 10/31/2012 2007 3,159 Arms Length
3595 Mossy Creek Lane $740,000 $172 10/31/2012 2004 4,294 Arms Length
3583 Strolling Way $307,294 $153 10/30/2012 2012 2,007 Arms Length
3167 Mulberry Park Boulevard $159,000 $107 10/26/2012 2002 1,483 Arms Length
2483 Goldenrod Way $289,000 $151 10/19/2012 2012 1,918 Arms Length
3154 Buckhead Trace $285,000 $127 10/12/2012 2002 2,237 Arms Length
3582 Strolling Way $330,360 $154 10/10/2012 2012 2,144 Arms Length
3782 Piney Grove Dr $420,000 $138 10/2/2012 2002 3,054 Distressed
4270 Avon Park Cir $148,000 $100 9/28/2012 2004 1,483 Arms Length
3575 Strolling Way $277,298 $146 9/28/2012 2012 1,904 Arms Length
3068 Dickinson  Drive $375,000 $144 9/27/2012 2012 2,600 Arms Length
3256 Whitman Way $268,000 $113 9/27/2012 2005 2,368 Distressed
3249 Carollton Dr $355,000 $138 9/24/2012 2006 2,574 Arms Length
3159 Nathaniel Trace $309,900 $146 9/21/2012 2012 2,124 Arms Length
2120 Sunlight Terrace $287,500 $120 9/21/2012 2007 2,403 Arms Length
3243 Carollton Drive $455,000 $114 9/21/2012 2006 4,002 Arms Length
3021 Four Oaks Blvd $302,900 $132 9/19/2012 2011 2,288 Distressed
4036 Shady View $224,900 $115 9/12/2012 2004 1,953 Arms Length
3709 Riverton  Trail $225,000 $113 9/10/2012 2006 1,993 Distressed
2102 Merrifield Lane $205,000 $104 9/7/2012 2003 1,966 Arms Length
3756 Overlook  Drive $398,000 $123 8/31/2012 2012 3,236 Arms Length
4010 S Blair Stone Road $175,002 $99 8/30/2012 2005 1,760 Distressed
4078 Four Oaks Boulevard $165,000 $108 8/29/2012 2007 1,521 Arms Length
3249 Thoreau Avenue $292,500 $124 8/27/2012 2005 2,368 Arms Length
3741 Esplanade Way $215,000 $121 8/24/2012 2003 1,782 Arms Length
3174 Coneflower $180,700 $109 8/24/2012 2009 1,656 Distressed
3192 Nathaniel Trace $314,900 $157 8/20/2012 2012 2,007 Arms Length
3156 Nathaniel Trce $269,900 $149 8/17/2012 2011 1,809 Arms Length
3222 Salinger Way $319,900 $124 8/17/2012 2005 2,580 Arms Length
2492 Lantana Lane $255,400 $106 8/16/2012 2007 2,402 Arms Length
3987 Four Oaks Blvd $150,000 $101 8/10/2012 2001 1,483 Arms Length
3252 Whitman Way $320,000 $116 8/10/2012 2005 2,764 Arms Length
4275 Raleigh Way $203,000 $98 7/31/2012 2006 2,067 Distressed
3005 Dickinson Drive $225,000 $126 7/31/2012 2005 1,782 Arms Length
4235 Raleigh Way $200,000 $139 7/31/2012 2006 1,444 Arms Length
3751 Overlook Dr $365,000 $134 7/27/2012 2003 2,726 Arms Length
3809 Piney Grove Drive $262,000 $116 7/27/2012 2003 2,250 Arms Length
3163 Nathaniel Trace $302,404 $151 7/20/2012 2012 2,007 Arms Length
3171 Mulberry Park Blvd. $155,000 $89 7/13/2012 2002 1,744 Distressed
2471 Goldenrod Way $250,000 $135 7/13/2012 2012 1,850 Arms Length
4032 Shady View  Lane $248,000 $122 6/29/2012 2004 2,027 Arms Length
3608 Biltmore Avenue $175,000 $107 6/27/2012 2006 1,633 Distressed
3910 Shumard Oak $155,000 $102 6/25/2012 2010 1,521 Arms Length
3008 Dickinson Drive $380,000 $103 6/25/2012 2007 3,691 Arms Length
3246 Belle Meade Trail $385,000 $107 6/20/2012 2007 3,612 Distressed
3254 Stanhope Drive $223,000 $99 6/18/2012 2003 2,250 Distressed
4024 Colleton Court $118,000 $89 6/14/2012 2003 1,324 Distressed
4290 Park Crossing Trl $125,000 $83 6/11/2012 2005 1,511 Distressed
4260 Summertree Dr $220,000 $110 6/8/2012 2006 1,997 Distressed
3690 Biltmore Avenue $175,000 $110 6/1/2012 2005 1,584 Distressed
4085 Faulkner Lane $455,100 $145 5/23/2012 2011 3,134 Arms Length
2471 Goldenrod Way $289,000 $142 5/23/2012 2012 2,036 Arms Length
3725 Riverton Trail $161,500 $106 5/22/2012 2008 1,521 Arms Length
3562 Four Oaks $208,000 $117 5/11/2012 2005 1,780 Arms Length
3082 Surrat  Lane $414,000 $151 5/11/2012 2012 2,748 Arms Length
3124 Mulberry Park Blvd $280,000 $124 5/1/2012 2002 2,250 Arms Length
3665 Mossy Creek Lane $650,000 $130 4/27/2012 2002 4,990 Arms Length
3665 Longfellow Road $170,000 $107 4/27/2012 2004 1,584 Arms Length
3218 Salinger $450,000 $143 4/16/2012 2007 3,153 Arms Length
3570 Strolling Way $279,709 $155 4/16/2012 2011 1,809 Arms Length
4114 Faulkner Drive $335,000 $131 4/9/2012 2012 2,555 Arms Length
3558 Four Oaks Blvd $157,000 $89 4/6/2012 2005 1,760 Distressed
3769 Piney Grove Drive $247,850 $130 3/31/2012 2002 1,905 Arms Length
3095 Dickinson Drive $444,000 $130 3/30/2012 2011 3,412 Arms Length
2500 Twain Drive $275,000 $126 3/29/2012 2006 2,184 Distressed
3258 Belle Meade Trail $507,310 $103 3/29/2012 2005 4,940 Distressed
3753 Four Oaks Boulevard $262,000 $122 3/23/2012 2002 2,156 Arms Length
3262 Salinger Way $320,000 $124 3/19/2012 2004 2,580 Arms Length
3757 Esplanade Way $184,000 $114 3/15/2012 2003 1,620 Arms Length
3740 Biltmore Avenue $205,000 $127 3/6/2012 2004 1,620 Arms Length
3157 Mulberry Park Boulevard $120,000 $91 3/2/2012 2002 1,324 Distressed
2558 Twain Drive $333,500 $136 2/15/2012 2011 2,450 Distressed
3178 Coneflower Drive $267,000 $118 1/31/2012 2008 2,260 Arms Length
3578 Strolling Way $278,800 $154 1/31/2012 2011 1,809 Arms Length
2565 Twain Drive $542,500 $122 1/27/2012 2008 4,456 Distressed
3103 Dickinson Drive $323,500 $122 1/20/2012 2012 2,657 Arms Length
2448 Rain Lily Way $233,900 $135 1/19/2012 2011 1,738 Arms Length
3797 Piney Grove Drive $249,000 $106 1/5/2012 2003 2,344 Arms Length

 

 

If you are thinking of selling a home in the Southwood real estate market, just drop me a note and we can show you how to leap ahead of your competition and get your home sold fast.

Einstein Southwood Real Estate Market Report, Tallahassee Real Estate
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About Joe Manausa, MBA

Joe Manausa, MBA is a 23+ 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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