BULL RUN

The Accurate Report On Tallahassee Property Depreciation

Posted on March 4, 2013 Written by Joe Manausa, MBA Leave a Comment

Contrary to confusing reports that suggest otherwise, Tallahassee property depreciation continues as sellers still outnumber buyers in the housing market.

When real estate agents show reports of rising prices, they typically are looking at the average (or median) price in one time period and then comparing it to a previous time period.

And while it is important to know the average price of homes in each Tallahassee neighborhood, it simply is not a valid method to determine or measure Tallahassee property depreciation.

Bull Run House Values Ready For A Wild Ride

Posted on March 1, 2013 Written by Joe Manausa, MBA Leave a Comment

Bull Run house values are in for a wild ride, as new home sales continue to lead existing home sales by a factor of 2 to 1.

New home construction in the Bull Run Subdivision has been relatively strong, mostly due to liquidation of lots at far cheaper prices than were seen during the boom of the housing market.

While this is good news for the builder, it is not so good news for existing home owners who continue to see Bull Run house values decline.

Buyers Favor Most Active Tallahassee Neighborhoods

Posted on January 8, 2013 Written by Joe Manausa, MBA Leave a Comment

We get many questions relating to the most active Tallahassee neighborhoods, and 2012 produced no big surprises.

The northeast quadrant of the Tallahassee real estate market had the most active Tallahassee neighborhoods, with 52% of all home sales being recorded there. When you see what we have assembled, it is obvious where people are choosing to move to right now.

Bull Run Year End Home Sales Report

Posted on December 28, 2012 Written by Joe Manausa, MBA Leave a Comment

Home sales in Bull Run are on a bull run!

With 41 homes sold in Bull Run in 2012, it marks the second best year of all times for the number of homes that sold.

Located in the popular NE quadrant of the Tallahassee real estate market, Bull Run seems to be leading the charge towards the recovery.

Bull Run Home Sales At Record Pace

Posted on August 8, 2012 Written by Joe Manausa, MBA Leave a Comment

Bull Run home sales are going strong, and if the year to date pace of home sales continue, it will be the best year ever recorded in the Tallahassee MLS.

Currently, if you want to buy a Bull Run home, there are 23 available for sale right now in the MLS. Of course, they are still building more, but as this report will show, builders are going to be seeing a tougher time building a Bull Run home for profit.

Bull Run Home Prices

The average price of a Bull Run home sold in 2012 has been $284K, down 30% from the $407K average recorded in 2005.

Bull Run Home Values

Bull Run home values have (appeared) to only decline 21% since the peak of the housing market. The real estate graph below plots the average price per square foot of homes sold in Bull Run, and a cursory examination would lead us to believe that Bull Run homes are holding their value better than the rest of the Tallahassee real estate market.

Segmented Bull Run Home Sales Tell The Tale

But when we segment the market between new home sales and existing home sales, then we find that Bull Run home values are falling around the same pace as everybody else. And with this being such a popular NE Tallahassee neighborhood, you would have hoped to see it perform a little stronger.

The red line in the graph above records the average value of new homes sold in Bull Run, while the blue line shows resale values. Existing home sales have dropped from $175 per square foot in 2007 to a current level of just $125 per square foot.

Now that we are seeing the pricing pressure on new home values (red line), I expect new construction activity for Bull Run Home Builders to decline.

Recent Bull Run Home Sales

Address	Sales Price	Price/SQF	Closing Date	Year Built	SQF	Type
5729 Roanoke Trail	$290,000	$99	7/31/2012	2006	2,941	Distressed
2625 Opequon Way	$279,900	$133	7/31/2012	2012	2,102	Arms Length
2604 Ulysses Rd.	$269,900	$149	7/31/2012	2012	1,809	Arms Length
2567 Carthage Lane	$289,900	$130	7/13/2012	2011	2,225	Arms Length
5639 Tecumseh Drive	$220,000	$116	7/12/2012	2007	1,902	Distressed
2577 Ulysses Rd	$309,900	$146	7/2/2012	2012	2,124	Arms Length
5617 Ringold Lane	$325,000	$136	6/29/2012	2008	2,386	Arms Length
5628 Burnside Circle	$255,000	$111	6/29/2012	2006	2,292	Distressed
2594 Farragut Way	$277,900	$139	6/13/2012	2012	2,000	Arms Length
5790 Farnsworth	$395,000	$143	6/4/2012	2007	2,758	Arms Length
2544 Halleck Lane	$230,000	$125	5/31/2012	2008	1,833	Arms Length
2581 Ulysses Rd	$309,900	$146	5/29/2012	2012	2,121	Arms Length
2578 Halleck Lane	$259,900	$138	5/17/2012	2009	1,878	Arms Length
2509 Manassas Way	$271,000	$129	5/9/2012	2012	2,100	Arms Length
2591 Halleck Lane	$279,900	$135	5/4/2012	2012	2,079	Arms Length
5652 Tecumseh Drive	$229,000	$121	4/26/2012	2006	1,899	Distressed
5762 Farnsworth Court	$361,400	$142	4/24/2012	2012	2,551	Arms Length
5637 Ringold Ln	$270,900	$150	4/20/2012	2011	1,809	Arms Length
2607 Opequon Bend	$275,300	$151	4/12/2012	2012	1,822	Arms Length
2573 Ulysses Rd	$311,900	$147	4/12/2012	2012	2,124	Arms Length
2629 Opequon Bend	$275,950	$138	3/2/2012	2011	2,000	Arms Length
2607 Ulysses Rd	$284,900	$142	2/24/2012	2011	2,005	Arms Length
2565 Halleck Lane	$290,000	$145	2/21/2012	2011	2,000	Arms Length
2623 Manassas Way	$244,900	$147	2/8/2012	2011	1,670	Arms Length
2570 Carthage Lane	$290,000	$147	2/3/2012	2012	1,972	Arms Length
2518 Lagrange Trail	$271,400	$150	1/31/2012	2011	1,809	Arms Length
2566 Carthage Lane	$319,900	$144	1/29/2012	2011	2,224	Arms Length
2542 Manassas	$260,000	$137	1/27/2012	2009	1,891	Arms Length
2569 Ulysses Rd	$299,900	$143	1/27/2012	2011	2,100	Arms Length
2656 Breton Ridge Drive	$279,000	$113	1/26/2012	2005	2,475	Distressed
2633 Opequon Bend	$261,098	$149	1/26/2012	2012	1,755	Arms Length
2641 Opequon	$249,900	$150	1/20/2012	2011	1,670	Arms Length
2664 Breton Ridge Drive	$281,000	$125	1/20/2012	2012	2,250	Arms Length
2609 Farragut Way	$272,900	$136	1/6/2012	2011	2,000	Arms Length
5604 Burnside Circle	$350,000	$134	1/5/2012	2007	2,611	Arms Length
2629 Manassas Way	$256,300	$150	12/21/2011	2011	1,712	Arms Length
5621 Ringold Lane	$284,900	$142	11/10/2011	2011	2,005	Arms Length
2542 Bennitts Mill Way	$313,700	$148	10/28/2011	2011	2,124	Arms Length
2580 Ulysses Rd	$309,900	$146	10/21/2011	2011	2,124	Arms Length
5625 Ringold Lane	$289,320	$144	9/30/2011	2011	2,005	Arms Length
2617 Manassas Way	$269,900	$130	9/28/2011	2011	2,070	Arms Length
2541 Lagrange Trail	$296,000	$128	9/9/2011	2008	2,318	Arms Length
2590 Halleck Lane	$252,900	$140	9/1/2011	2010	1,811	Arms Length
2586 Ulysses Rd	$274,297	$152	8/26/2011	2011	1,809	Arms Length
2539 Bennits Mill Way	$299,900	$145	8/15/2011	2011	2,074	Arms Length
2558 Manassas Way	$249,900	$141	8/15/2011	2011	1,775	Arms Length
5647 Burnside Cir	$239,500	$126	8/11/2011	2007	1,899	Distressed
2560 Carthage Lane	$305,000	$140	7/29/2011	2011	2,184	Arms Length
2605 Farragut Way	$242,900	$145	7/27/2011	2011	1,670	Arms Length
5641 Ringold Lane	$304,900	$147	7/22/2011	2011	2,074	Arms Length
2595 Farragut Way	$269,900	$130	7/15/2011	2011	2,070	Arms Length
5853 Appomattox Way	$266,000	$129	7/15/2011	2008	2,070	Arms Length
2544 Carthage Lane	$305,826	$147	6/29/2011	2011	2,081	Arms Length
2554 Manassas Way	$239,900	$144	6/1/2011	2011	1,670	Arms Length
2587 Ulysses Rd	$309,900	$146	5/27/2011	2011	2,124	Arms Length
2595 Halleck Lane	$276,040	$137	5/27/2011	2011	2,008	Arms Length
2556 Carthage Lane	$288,000	$146	5/27/2011	2011	1,972	Arms Length
2587 Farragut Way	$252,900	$139	5/25/2011	2011	1,825	Arms Length
2537 Ulysses Rd	$263,000	$155	4/29/2011	2011	1,700	Arms Length
2509 Ulysses Rd	$269,900	$154	4/25/2011	2010	1,748	Arms Length
2704 Breton Ridge Dr	$400,000	$121	4/22/2011	2006	3,305	Distressed
2538 Lagrange Trail	$279,900	$141	4/15/2011	2011	1,990	Arms Length
2639 Ulysses Rd	$260,000	$114	4/1/2011	2006	2,272	Arms Length
2533 Carthage Lane	$285,000	$138	3/28/2011	2008	2,072	Distressed
5636 Burnside Circle	$275,000	$122	3/25/2011	2006	2,257	Distressed
2549 Lagrange Trail	$370,000	$161	2/28/2011	2011	2,297	Arms Length
5755 Farnsworth Drive	$405,690	$150	2/24/2011	2011	2,700	Arms Length
2591 Ulysses Road	$299,900	$145	2/3/2011	2010	2,074	Arms Length
5632 Burnside Circle	$242,000	$125	1/21/2011	2006	1,941	Distressed
2540 Ulysses Rd	$361,000	$136	1/14/2011	2008	2,650	Arms Length
5682 Burnside Circle	$244,900	$121	1/7/2011	2006	2,022	Distressed
2615 Ulysses Road	$279,900	$141	12/29/2010	2010	1,990	Arms Length
2504 Ulysses Road	$319,900	$158	12/17/2010	2010	2,020	Arms Length
2534 Bennits Mill Way	$303,200	$135	12/17/2010	2010	2,244	Arms Length
2594 Halleck Lane	$274,400	$157	12/1/2010	2010	1,748	Arms Length
2649 Antietam Trail	$324,000	$127	11/29/2010	2005	2,545	Arms Length
2530 Manassas Way	$246,850	$148	11/5/2010	2010	1,670	Arms Length
5698 Burnside Circle	$253,000	$123	10/22/2010	2007	2,058	Distressed
2570 Halleck Lane	$269,900	$130	9/30/2010	2010	2,070	Arms Length
2526 Manassas Way	$254,900	$145	9/28/2010	2010	1,755	Arms Length
2547 Bennitts Mill Way	$367,000	$156	9/27/2010	2008	2,356	Arms Length
2533 Ulysses Rd	$272,400	$156	9/17/2010	2010	1,748	Arms Length
2522 Manassas Way	$249,900	$137	9/16/2010	2010	1,825	Arms Length
2533 Lagrange Trail	$299,900	$145	8/30/2010	2010	2,074	Arms Length
Xxx Carthage	$317,000	$149	8/30/2010	2010	2,134	Arms Length
2571 Manassas Way	$264,900	$128	8/6/2010	2008	2,070	Arms Length
2513 Ulysses Road	$282,000	$120	7/26/2010	2008	2,345	Distressed
2530 Carthage Ln	$340,000	$140	7/22/2010	2010	2,432	Arms Length
2554 Lagrange Trail	$266,900	$153	7/15/2010	2010	1,748	Arms Length
2517 Ulysses Rd	$273,600	$157	6/28/2010	2010	1,748	Arms Length
2534 Lagrange Trail	$292,400	$141	6/28/2010	2010	2,074	Arms Length
2548 Halleck Lane	$249,500	$138	6/15/2010	2008	1,805	Arms Length
2692 Breton Ridge Drive	$550,000	$161	6/1/2010	2006	3,410	Arms Length
2611 Ulysses Rd	$269,900	$154	5/28/2010	2010	1,748	Arms Length
2583 Ulysses Road	$294,900	$147	5/21/2010	2010	2,004	Arms Length
5628 Tecumseh	$260,000	$132	5/10/2010	2006	1,963	Arms Length
2571 Halleck Lane	$264,500	$151	5/10/2010	2010	1,748	Arms Length
2526 Lagrange Trail	$280,000	$134	5/1/2010	2009	2,097	Arms Length
2652 Antietam Trail	$360,000	$112	4/23/2010	2006	3,209	Arms Length
5790 Farnsworth Drive	$465,000	$156	4/14/2010	2007	2,987	Arms Length
5849 Appomattox Court	$257,900	$143	3/31/2010	2008	1,805	Arms Length
5613 Ringold Lane	$370,000	$157	3/19/2010	2010	2,356	Arms Length
5646 Burnside Circle	$320,000	$133	3/9/2010	2006	2,411	Distressed
2586 Farragut Way	$242,000	$142	3/5/2010	2009	1,707	Arms Length
2578 Halleck Lane	$264,415	$145	3/5/2010	2009	1,820	Arms Length
2604 Antietam Trail	$369,900	$159	2/26/2010	2005	2,325	Arms Length
2520 Carthage Lane	$295,000	$146	2/17/2010	2009	2,020	Arms Length
5666 Burnside Circle	$280,000	$122	2/4/2010	2006	2,292	Distressed
2607 Manassas Way	$264,500	$140	1/31/2010	2008	1,885	Arms Length
2546 Lagrange Trail	$305,000	$157	1/28/2010	2009	1,939	Arms Length
2582 Halleck Lane	$276,028	$153	1/28/2010	2009	1,805	Arms Length
2565 Ulysses Road	$254,000	$134	1/15/2010	2008	1,898	Distressed

I hope you found value in this Bull Run Home Sales Report, you can return to find more neighborhood home sales reports each month.

Filed Under: Housing Market Conditions, Tallahassee Neighborhoods Tagged: 32312, 32312 zip code, BULL RUN, Real estate, real estate charts and graphs, real estate supply and demand, tallahassee mls, Tallahassee real estate

Homebuyers Choose Top Neighborhoods In Tallahassee

Posted on June 4, 2012 Written by Joe Manausa, MBA Leave a Comment

One question that out-of-town homebuyers always get around to asking is “what are the top neighborhoods in Tallahassee.”

Of course, my answer is always “it depends.” Everybody has their own wishes, wants and desires, so I would think the top neighborhoods in Tallahassee could be defined in different ways for different people.

For example, a young family might favor a neighborhood with a park, whereas a single professional might prefer access to restaurants. It all really comes down to the needs of the homebuyer.

But many of them also want to know where “everybody” is moving, so I show them this graph of the top neighborhoods in Tallahassee, based on the number of closed home sales each one has reported year to date.

Graph Of Top Neighborhoods In Tallahassee

Thus far in 2012, the usual suspects lead the top five, though a typical top six finisher (Killearn Acres) has dropped all the way to the number ten position.

Killearn Estates has started strong with 35 home sales through May, while Killearn Lakes follows close behind with 32.

Southwood, the previous year’s leader, has dropped to third and has recorded just 28 home sales through May. Bull Run and Golden Eagle Plantation round out the top five.

Finding Top Neighborhoods In Tallahassee

Our report makes it clear that perennial favorites continue to be the most active for home sales in Tallahassee. But that does not mean a wise buyer is only looking at homes in these limited locations.

The 17 top neighborhoods in Tallahassee, as shown in the real estate graph above, makes up only 40% of all home sales this year. In fact, there have been home sales in 1,236 other neighborhoods in Tallahassee thus far in 2012, and we are not even half way through the year.

So yes, you can find plenty of homes for sale in the more popular subdivisions, but there are even more in the lesser known neighborhoods.

So take some exploring all the wonderful communities around Tallahassee, then make your own choices for the top neighborhoods in Tallahassee.

Filed Under: Tallahassee Neighborhoods Tagged: BULL RUN, Golden Eagle, KILLEARN ACRES, Killearn Estates, Killearn Lakes, Southwood, Tallahassee Florida, tallahassee mls, Tallahassee Neighborhoods

Why Bull Run Home Buyers Are Ignoring Resale Homes

Posted on March 23, 2012 Written by Joe Manausa, MBA Leave a Comment

If you read yesterday’s article about the 7 Hottest Neighborhoods In Tallahassee, then you know that Bull Run Home Buyers are very active right now.

In fact, they are buying homes fast enough to propel Bull Run into the most active position among all Tallahassee neighborhoods.

I identified an important trend among Bull Run home buyers last November, and we find that trend has strengthened in the first quarter of 2012. And what trend might that be (for those of you who missed the previous article)?

Bull Run Home Buyers Choosing New And Smaller

Our first real estate graph shows that Bull Run home buyers are buying smaller and smaller homes every year. As Bull Run is a younger neighborhood, most of the sales thus far have been new construction.

I believe this is a sign of builders have to go “smaller” to compete with falling home prices across Tallahassee. Of course, this begs the question, what’s going to happen when the normal cycle (5 to 7 years) of re-sales really starts to hit the market in Bull Run?

Bull Run Home Buyers Enjoy Lower Prices

If you are thinking about buying a home in Bull Run, you will be treated with the lowest prices ever seen there. Currently, the average price of a closed home sold in Bull Run is under $284,000.

Bull Run Home Buyers Flocking To Fallen Values

Home values have followed home prices, and Bull Run home buyers are liking what they are seeing.

This chart shows that values are falling, but values appear (at first glance) to be done just 20% since the peak of the market… how could this be true when the rest of Tallahassee is down over 30%?

Bull Run Home Buyers

Our final real estate graph shows what’s really happening in Bull Run.

Understanding Bull Run Home Buyers

It seems Bull Run home buyers are choosing so much new construction that it is hiding the fact that existing home values have declined significantly. Fortunately for Bull Run homeowners, the decline is better than the market (down 27%).

My concern for people who want to sell a home in Bull Run over the next few years is that the supply is going to exceed the norm for Tallahassee. I believe demand for this great Northeast Tallahassee neighborhood will be solid, but the supply side might get glutted when the 7 year itch kicks in.

If you are interested in finding out how your home stacks up and whether or not you should sell it this year, just drop me a note and we can schedule an informative meeting that will help you prepare your best housing plan.

Remember, Bull Run home buyers are choosing new right now, so the resale market will either have to wait until this cycle is over, or will have to offer significant value over what is being built.

Recent Bull Run Home Sales

Address	Sales Price	Price/SQF	Closing Date	Year Built	SQF	Type
2629 Opequon Bend	$275,950	$138	3/2/2012	2011	2,000	New
2607 Ulysses Rd	$284,900	$142	2/24/2012	2011	2,005	New
2565 Halleck Lane	$290,000	$145	2/21/2012	2011	2,000	New
2623 Manassas Way	$244,900	$147	2/8/2012	2011	1,670	New
2570 Carthage Lane	$290,000	$147	2/3/2012	2012	1,972	New
2518 Lagrange Trail	$271,400	$150	1/31/2012	2011	1,809	New
2566 Carthage Lane	$319,900	$144	1/29/2012	2011	2,224	New
2542 Manassas	$260,000	$137	1/27/2012	2009	1,891	Existing
2569 Ulysses Rd	$299,900	$143	1/27/2012	2011	2,100	New
2656 Breton Ridge Drive	$279,000	$113	1/26/2012	2005	2,475	Existing
2641 Opequon	$249,900	$150	1/20/2012	2011	1,670	New
2664 Breton Ridge Drive	$281,000	$125	1/20/2012	2012	2,250	New
2609 Farragut Way	$272,900	$136	1/6/2012	2011	2,000	New
5604 Burnside Circle	$350,000	$134	1/5/2012	2007	2,611	Existing
2629 Manassas Way	$256,300	$150	12/21/2011	2011	1,712	New
5621 Ringold Lane	$284,900	$142	11/10/2011	2011	2,005	New
2542 Bennitts Mill Way	$313,700	$148	10/28/2011	2011	2,124	New
2580 Ulysses Rd	$309,900	$146	10/21/2011	2011	2,124	New
5625 Ringold Lane	$289,320	$144	9/30/2011	2011	2,005	New
2617 Manassas Way	$269,900	$130	9/28/2011	2011	2,070	New
2541 Lagrange Trail	$296,000	$128	9/9/2011	2008	2,318	Existing
2590 Halleck Lane	$252,900	$140	9/1/2011	2010	1,811	Existing
2586 Ulysses Rd	$274,297	$152	8/26/2011	2011	1,809	New
2539 Bennits Mill Way	$299,900	$145	8/15/2011	2011	2,074	New
2558 Manassas Way	$249,900	$141	8/15/2011	2011	1,775	New
5647 Burnside Cir	$239,500	$126	8/11/2011	2007	1,899	Existing
2560 Carthage Lane	$305,000	$140	7/29/2011	2011	2,184	New
2605 Farragut Way	$242,900	$145	7/27/2011	2011	1,670	New
5641 Ringold Lane	$304,900	$147	7/22/2011	2011	2,074	New
2595 Farragut Way	$269,900	$130	7/15/2011	2011	2,070	New
5853 Appomattox Way	$266,000	$129	7/15/2011	2008	2,070	New
2544 Carthage Lane	$305,826	$147	6/29/2011	2011	2,081	New
2554 Manassas Way	$239,900	$144	6/1/2011	2011	1,670	New
2587 Ulysses Rd	$309,900	$146	5/27/2011	2011	2,124	New
2595 Halleck Lane	$276,040	$137	5/27/2011	2011	2,008	New
2556 Carthage Lane	$288,000	$146	5/27/2011	2011	1,972	New
2587 Farragut Way	$252,900	$139	5/25/2011	2011	1,825	New
2537 Ulysses Rd	$263,000	$155	4/29/2011	2011	1,700	New
2509 Ulysses Rd	$269,900	$154	4/25/2011	2010	1,748	New
2704 Breton Ridge Dr	$400,000	$121	4/22/2011	2006	3,305	Existing
2538 Lagrange Trail	$279,900	$141	4/15/2011	2011	1,990	New
2639 Ulysses Rd	$260,000	$114	4/1/2011	2006	2,272	Existing
2533 Carthage Lane	$285,000	$138	3/28/2011	2008	2,072	Existing
5636 Burnside Circle	$275,000	$122	3/25/2011	2006	2,257	Existing
2549 Lagrange Trail	$370,000	$161	2/28/2011	2011	2,297	New
5755 Farnsworth Drive	$405,690	$150	2/24/2011	2011	2,700	New
2591 Ulysses Road	$299,900	$145	2/3/2011	2010	2,074	New
5632 Burnside Circle	$242,000	$125	1/21/2011	2006	1,941	Existing
2540 Ulysses Rd	$361,000	$136	1/14/2011	2008	2,650	Existing
5682 Burnside Circle	$244,900	$121	1/7/2011	2006	2,022	Existing
2615 Ulysses Road	$279,900	$141	12/29/2010	2010	1,990	New
2504 Ulysses Road	$319,900	$158	12/17/2010	2010	2,020	New
2534 Bennits Mill Way	$303,200	$135	12/17/2010	2010	2,244	New
2594 Halleck Lane	$274,400	$157	12/1/2010	2010	1,748	New
2649 Antietam Trail	$324,000	$127	11/29/2010	2005	2,545	Existing
2530 Manassas Way	$246,850	$148	11/5/2010	2010	1,670	Existing
5698 Burnside Circle	$253,000	$123	10/22/2010	2007	2,058	Existing
2570 Halleck Lane	$269,900	$130	9/30/2010	2010	2,070	Existing
2526 Manassas Way	$254,900	$145	9/28/2010	2010	1,755	New
2547 Bennitts Mill Way	$367,000	$156	9/27/2010	2008	2,356	New
2533 Ulysses Rd	$272,400	$156	9/17/2010	2010	1,748	New
2522 Manassas Way	$249,900	$137	9/16/2010	2010	1,825	New
2533 Lagrange Trail	$299,900	$145	8/30/2010	2010	2,074	New
Xxx Carthage	$317,000	$149	8/30/2010	2010	2,134	New
2571 Manassas Way	$264,900	$128	8/6/2010	2008	2,070	New
2513 Ulysses Road	$282,000	$120	7/26/2010	2008	2,345	Existing
2530 Carthage Ln	$340,000	$140	7/22/2010	2010	2,432	New
2554 Lagrange Trail	$266,900	$153	7/15/2010	2010	1,748	New
2517 Ulysses Rd	$273,600	$157	6/28/2010	2010	1,748	New
2534 Lagrange Trail	$292,400	$141	6/28/2010	2010	2,074	New
2548 Halleck Lane	$249,500	$138	6/15/2010	2008	1,805	Existing
2692 Breton Ridge Drive	$550,000	$161	6/1/2010	2006	3,410	Existing
2611 Ulysses Rd	$269,900	$154	5/28/2010	2010	1,748	New
2583 Ulysses Road	$294,900	$147	5/21/2010	2010	2,004	New
5628 Tecumseh	$260,000	$132	5/10/2010	2006	1,963	Existing
2571 Halleck Lane	$264,500	$151	5/10/2010	2010	1,748	New
2526 Lagrange Trail	$280,000	$134	5/1/2010	2009	2,097	Existing
2652 Antietam Trail	$360,000	$112	4/23/2010	2006	3,209	Existing
5790 Farnsworth Drive	$465,000	$156	4/14/2010	2007	2,987	Existing
5849 Appomattox Court	$257,900	$143	3/31/2010	2008	1,805	Existing
5613 Ringold Lane	$370,000	$157	3/19/2010	2010	2,356	New
5646 Burnside Circle	$320,000	$133	3/9/2010	2006	2,411	Existing
2586 Farragut Way	$242,000	$142	3/5/2010	2009	1,707	New
2578 Halleck Lane	$264,415	$145	3/5/2010	2009	1,820	Existing
2604 Antietam Trail	$369,900	$159	2/26/2010	2005	2,325	Existing
2520 Carthage Lane	$295,000	$146	2/17/2010	2009	2,020	Existing
5666 Burnside Circle	$280,000	$122	2/4/2010	2006	2,292	Existing
2607 Manassas Way	$264,500	$140	1/31/2010	2008	1,885	New
2546 Lagrange Trail	$305,000	$157	1/28/2010	2009	1,939	New
2582 Halleck Lane	$276,028	$153	1/28/2010	2009	1,805	Existing
2565 Ulysses Road	$254,000	$134	1/15/2010	2008	1,898	Existing

I hope this report on Bull Run home sales has provided what you were looking for, if not, leave a comment below and we will endeavor to help you out.

Filed Under: Housing Market Conditions, Tallahassee Neighborhoods Tagged: 32312, 32312 zip code, BULL RUN, buy a home, Real estate, real estate appreciation, real estate charts and graphs, sell a home, tallahassee mls, Tallahassee Neighborhoods, Tallahassee real estate, Tallahassee Zip Codes

The 7 Hottest Neighborhoods In Tallahassee Today

Posted on March 22, 2012 Written by Joe Manausa, MBA Leave a Comment

If you want to know which neighborhoods in Tallahassee are selling the most homes, than you have found the right page on the Tallahassee Real Estate Website!

While we already have two incredible resource sites for subdivisions and neighborhoods in Tallahassee, this report will show you which ones are hot through February 2012.

After sorting through the 1,600+ subdivisions and neighborhoods in Tallahassee, we found these 7 have sold more homes than all the rest. And just to make it interesting, we have provided a graph of total home sales, by neighborhood, each year through February.

This means that the following graph shows year-to-date 2012 versus year-to-date (all the way back to 2002). It helps create some perspective.

7 Hottest Neighborhoods In Tallahassee

Both Killearn Lakes Plantation and Bull Run have reported 13 closed home sales thus far in 2012, leading the rest of the seven hottest neighborhoods in Tallahassee. They are followed by Killearn Estates with 8, Southwood with 7, Golden Eagle Plantation with 5, and then Weems Plantation and Betton Hills with 3 home sales each.

Recent Sales In The 7 Hottest Neighborhoods In Tallahassee

Neighborhood	Address	SP	Price/ SQF	Closing Date	Year Built	SQF
Killearn Estates	3028 Corrib Drive	$169,000	$76	3/14/2012	1970	2,213
Golden Eagle Plantation	8869 Blackheath Way	$280,000	$106	3/9/2012	1995	2,630
Golden Eagle Plantation	9233 Shoal Creek Dr	$325,000	$124	3/8/2012	2007	2,628
Killearn Lakes	2231 Pine Landing Court	$105,000	$71	3/6/2012	2000	1,478
Betton Hills	2115 E Randolph Circle	$670,000	$161	3/6/2012	1952	4,150
Weems Plantation	3263 Emerson Ln	$140,000	$109	3/6/2012	2002	1,280
Southwood	3740 Biltmore Avenue	$205,000	$127	3/6/2012	2004	1,620
Bull Run	2629 Opequon Bend	$275,950	$138	3/2/2012	2011	2,000
Betton Hills	2247 Trescott Drive	$318,000	$128	3/2/2012	1957	2,490
Southwood	3157 Mulberry Park Boulevard	$120,000	$91	3/2/2012	2002	1,324
Killearn Estates	3705 Wicklow Circle	$245,000	$101	2/29/2012	1976	2,434
Killearn Estates	3401 Dundalk Drive	$325,000	$142	2/29/2012	2005	2,290
Weems Plantation	3330 Dartmouth Dr	$134,500	$94	2/29/2012	2002	1,432
Betton Hills	2230 Ellicott	$635,000	$148	2/29/2012	1995	4,300
Bull Run	2607 Ulysses Rd	$284,900	$142	2/24/2012	2011	2,005
Killearn Lakes	3205 Horseshoe Trail	$200,000	$86	2/24/2012	1990	2,318
Killearn Lakes	11101 Wildlife Trl	$175,000	$77	2/24/2012	1990	2,284
Killearn Estates	3044 Waterford Drive	$218,000	$85	2/23/2012	1976	2,580
Bull Run	2565 Halleck Lane	$290,000	$145	2/21/2012	2011	2,000
Killearn Estates	2224 Limerick Dr	$177,500	$68	2/17/2012	1969	2,603
Killearn Lakes	11056 Wildlife Trail	$237,500	$101	2/17/2012	1994	2,342
Weems Plantation	3232 Bodmin Moor Drive	$180,000	$128	2/17/2012	2001	1,411
Killearn Estates	3605 Longford Dr	$229,940	$85	2/16/2012	1969	2,710
Southwood	2558 Twain Drive	$333,500	$136	2/15/2012	2011	2,450
Killearn Lakes	8716 Spring Shore Trl	$255,000	$97	2/10/2012	1986	2,629
Bull Run	2623 Manassas Way	$244,900	$147	2/8/2012	2011	1,670
Golden Eagle Plantation	9010 Winged Foot Drive	$287,000	$84	2/7/2012	1993	3,417
Golden Eagle Plantation	3014 Golden Eagle Dr East	$640,000	$154	2/6/2012	1999	4,152
Killearn Estates	2317 Limerick Drive	$300,000	$115	2/3/2012	1967	2,605
Killearn Estates	2910 S Shamrock Street	$190,000	$84	2/3/2012	1976	2,256
Bull Run	2570 Carthage Lane	$290,000	$147	2/3/2012	2012	1,972
Killearn Lakes	1830 Folkstone Rd	$149,000	$102	2/3/2012	1990	1,468
Killearn Estates	2929 S Shamrock	$160,000	$69	1/31/2012	1973	2,309
Southwood	3178 Coneflower Drive	$267,000	$118	1/31/2012	2008	2,260
Southwood	3578 Strolling Way	$278,800	$154	1/31/2012	2011	1,809
Bull Run	2518 Lagrange Trail	$271,400	$150	1/31/2012	2011	1,809
Golden Eagle Plantation	2124 Doral Dr	$370,000	$133	1/31/2012	1997	2,776
Bull Run	2566 Carthage Lane	$319,900	$144	1/29/2012	2011	2,224
Southwood	2565 Twain Drive	$542,500	$122	1/27/2012	2008	4,456
Bull Run	2542 Manassas	$260,000	$137	1/27/2012	2009	1,891
Bull Run	2569 Ulysses Rd	$299,900	$143	1/27/2012	2011	2,100
Bull Run	2656 Breton Ridge Drive	$279,000	$113	1/26/2012	2005	2,475
Weems Plantation	3480 Barnstaple Dr.	$167,500	$112	1/25/2012	2003	1,502
Killearn Lakes	8825 Minnow Creek Drive	$104,900	$93	1/25/2012	1987	1,124
Killearn Lakes	3460 Rosemont Ridge Rd	$96,000	$68	1/24/2012	1982	1,402
Killearn Lakes	9901 Turtle Dove Way	$157,500	$108	1/23/2012	1990	1,460
Killearn Lakes	1592 Copperfield Circle	$221,500	$97	1/23/2012	1989	2,288
Southwood	3103 Dickinson Drive	$323,500	$122	1/20/2012	2012	2,657
Bull Run	2641 Opequon	$249,900	$150	1/20/2012	2011	1,670
Bull Run	2664 Breton Ridge Drive	$281,000	$125	1/20/2012	2012	2,250
Killearn Lakes	1604 Norwood Lane	$188,000	$102	1/20/2012	1992	1,850
Southwood	2448 Rain Lily Way	$233,900	$135	1/19/2012	2011	1,738
Betton Hills	1532 Belleau Wood Drive	$415,000	$147	1/13/2012	2007	2,827
Golden Eagle Plantation	3242 Pablo Creek Way	$400,000	$143	1/13/2012	2005	2,795
Killearn Lakes	8137 Blue Quill Trl	$129,999	$61	1/13/2012	1987	2,148
Killearn Lakes	1679 Folkstone Rd	$162,000	$110	1/13/2012	1997	1,468
Killearn Lakes	9300 Buck Haven Trail	$192,000	$98	1/12/2012	1990	1,954
Betton Hills	2122 Jenette St	$180,000	$147	1/10/2012	1955	1,225
Golden Eagle Plantation	2132 Amanda Mae Court	$538,000	$111	1/6/2012	1999	4,847
Bull Run	2609 Farragut Way	$272,900	$136	1/6/2012	2011	2,000
Southwood	3797 Piney Grove Drive	$249,000	$106	1/5/2012	2003	2,344
Bull Run	5604 Burnside Circle	$350,000	$134	1/5/2012	2007	2,611

Please check back for more information on neighborhoods in Tallahassee, as we often publish them here.

Filed Under: Tallahassee Neighborhoods Tagged: 32308, 32309, 32312, 32312 zip code, 32317, Betton Hills, BULL RUN, buy a home, Golden Eagle, KILLEARN ACRES, Killearn Estates, Killearn Lakes, Southwood, Tallahassee Neighborhoods, Tallahassee real estate, WEEMS PLANTATION

Which Tallahassee Neighborhood Sells The Most Homes?

Posted on November 25, 2011 Written by Joe Manausa, MBA Leave a Comment

If you are a long-time reader of the Tallahassee Real Estate Blog, then you most likely know that we track a lot of home sales information from nearly every Tallahassee neighborhood that has had a sale in the past twenty years. This is no small feat as there are over 1,600 neighborhoods in Tallahassee.

In doing some of my previous reports where I showed the most active Tallahassee neighborhood as Southwood, I was often reminded by readers that there was a mistake in my report and that Southwood was not indeed the most active in home sales. You see, because I report Killearn Lakes and Golden Eagle Plantation separately, some readers feel that I then should also report different units of Southwood separately.

I have decided not to do that, mostly due to time constraints and usability of the final reports. I will acknowledge that more home sales occur in the Killearn Lakes Plantation community than all others in Tallahassee. Now, on to our report showing the top Tallahassee neighborhood.

Top Selling Tallahassee Neighborhood

Our November Housing Report shows that Southwood is still the top selling Tallahassee neighborhood. With 98 closed home sales through mid November, Southwood beats out Killearn Lakes, Killearn Estates, Killearn Acres, and Bull Run as its closest competitors. The graph below shows the top selling neighborhoods in Tallahassee, with sales plotted for each year going back to 2002.

Top Selling Neighborhoods And Average Home Sales Prices

The following real estate graph shows the top 16 selling neighborhoods in the Tallahassee real estate market, with a measure of total sales and each subdivision’s average home sales price. They represent about 1 of every 6 home sales thus far in 2011.

Tallahassee Neighborhood List By Home Sales

The following information is a Tallahassee neighborhood home sales list which shows all subdivisions with four or more home sales thus far in 2011. The first 15 neighborhoods include a hyperlink to homes for sale in their respective subdivisions.

Neighborhood	# Sales	Avg. Price	Avg. Value
Southwood	98	$282,206	$125
Killearn Lakes	72	$188,552	$104
Killearn Estates	70	$228,616	$100
Killearn Acres	34	$156,135	$95
Bull Run	34	$289,555	$139
Golden Eagle Plantation	32	$477,107	$133
Piney Z	23	$197,814	$112
Woodbriar	23	$74,509	$55
Indian Head Acres	23	$130,739	$93
Summerbrooke	18	$345,538	$123
Betton Hills	16	$305,169	$119
Sable Chase	15	$180,757	$102
Ox Bottom Manor	15	$284,840	$118
Villas Of Westridge	14	$38,576	$41
Forest Heights	14	$124,750	$78
The Timbers	13	$74,958	$69
Residences At Whispering Pines	13	$24,715	$26
Barrington Park Condominiums	13	$105,108	$81
Weems Plantation	12	$157,233	$116
Lakeshore Estates	12	$140,542	$85
Hampton Creek	12	$144,596	$116
Waverly Hills	10	$260,100	$98
Wolf Creek	10	$78,628	$55
Savannah Crossing	10	$77,450	$64
Settlers Creek	10	$120,438	$89
Town N Country Park	9	$131,756	$74
Stoney Creek Crossing	9	$243,656	$112
Park Charleston	9	$231,183	$127
Meadows At Woodrun	9	$100,283	$77
Summerchase Condos	9	$87,111	$65
Killearn Commons	9	$173,333	$113
Lakeside	9	$139,511	$88
Foxcroft	9	$179,378	$98
Huntington Woods	9	$82,639	$70
Eastgate	9	$116,444	$82
Terrence Heights	8	$103,866	$74
Adiron Woods	8	$217,438	$97
Goose Creek	8	$197,300	$104
Betton Hill	8	$242,875	$109
Arbor Hill	8	$136,713	$109
Breckenridge On Park	8	$92,325	$93
Westbury	7	$112,686	$84
Parkside	7	$155,739	$79
Seminole Manor	7	$41,197	$45
Camp Crossing	7	$69,700	$60
Autumn Woods	7	$76,200	$72
Centerville Trace	7	$189,129	$110
Chemonie Crossing	7	$350,000	$113
Eagle’s Ridge	7	$268,286	$119
Oak Valley Estates	6	$108,133	$79
Linwood Manor	6	$104,150	$72
Villages At Wilson Green	6	$83,252	$66
Plantation Of Tallahassee Pecan Co	6	$136,567	$80
Pine Tip Hills	6	$383,475	$130
Plantation Woods	6	$102,817	$70
The Tennyson	6	$331,125	$194
Sawgrass Plantation	6	$129,567	$91
Sunny Hill	6	$20,734	$22
Saxon Northwest Addition	6	$48,333	$37
Woodrun Garden Homes	6	$42,467	$30
Blairstone Forest	6	$88,991	$70
Cameron Chase	6	$227,983	$116
Holly Hills	6	$149,167	$88
Country Club Estates	6	$177,250	$113
Glen At Golden Eagle	6	$170,633	$109
Dry Creek Run	6	$106,667	$76
Hartsfield Woods	6	$84,625	$84
Lakeview	6	$139,083	$100
Apalachee Hills	6	$74,500	$64
Edinburgh Estates	6	$199,300	$96
Baker Place	6	$479,817	$146
Brockswood Park	6	$205,667	$107
Timber Lake	5	$107,033	$88
The Antlers	5	$227,600	$103
Pebble Brooke	5	$134,992	$109
Richview Park	5	$89,419	$89
Park Brook Crossing	5	$82,600	$89
Moore Pond	5	$825,500	$139
Tower Oaks	5	$97,300	$76
Shannon Forest	5	$185,800	$89
Observation Pointe	5	$221,080	$131
The Lakes	5	$78,097	$67
Lakeshore Gardens	5	$150,200	$101
Lafayette Park Place Condos	5	$112,700	$130
Apalachee Ridge	5	$48,030	$42
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Bull Run Home Prices

Bull Run Home Values

Segmented Bull Run Home Sales Tell The Tale

Recent Bull Run Home Sales

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Graph Of Top Neighborhoods In Tallahassee

Finding Top Neighborhoods In Tallahassee

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7 Hottest Neighborhoods In Tallahassee

Recent Sales In The 7 Hottest Neighborhoods In Tallahassee

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Top Selling Tallahassee Neighborhood

Top Selling Neighborhoods And Average Home Sales Prices

Tallahassee Neighborhood List By Home Sales