Recently a reader of the Tallahassee Real Estate Blog, going by the name of “Nancy,” asked why we did not have a neighborhood report on our site for Pine Tip Hills in Tallahassee. Since I couldn’t come up with a good answer, today we’ll take a quick look at home sales in Pine Tip Hills.

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Pine Tip Hills Home Sales

The number of home sales in Pine Tip Hills rarely reaches one per month, and historically the average number of homes sold is just under 8 per year. Currently, there are 8 homes for sale in Pine Tip Hills. The following real estate graph shows the one year trend of home sales as well as the one year trend of average home prices in Pine Tip Hills:

Real Estate Graph Of Pine Tip Hills Home Sales In Tallahassee

Much like the rest of the Tallahassee housing market, Pine Tip Hills home prices have dropped since the peak of the market several years ago. The average home price in Pine Tip Hills has fallen 21%. The unit sales trend is down 63% since the peak of the market, though that number shows that homes are selling at a pace that is about 21% slower than “average” going back to 1991.

Pine Tip Hills Homes Have Depreciated 19%

While the average home price in Pine Tip Hills has dropped 21%, home values in Pine Tip Hills have out-performed the rest of the Tallahassee housing market. When we measure real estate appreciation, we find that homes have only depreciated in Pine Tip Hills 19% since the peak of the market in 2006.

Currently, homes are valued similarly to where prices were in the summer of 2005.

Real Estate Graph Of Pine Tip Hills Home Values In Tallahassee

Twitter And Real Estate

If you found this article useful, please take a few seconds to “tweet” this out to your followers. Just click on the blue bird below, hit update, and the news about Pine Tip Hills can spread throughout all of twitterdome.

Picture of Twitter and Real Estate Please Click Here to tweet this to your friends!

Recent Home Sales In Pine Tip Hills

If you would like to search the Tallahassee MLS for Pine Tip Hills homes on the market, just go to http://www.manausa.com/tallahassee-mls/pine-tip-hills and it will be current each time you visit!

The following are the arms-length home sales that have occurred in Pine Tip Hills in Tallahassee. [continued here]

Joe Manausa, MBA
Century 21 Manausa & Associates

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This post has been included in Florida Real Estate News Leon County, FL Real Estate News Tallahassee, FL Real Estate News Pine Tip Hills (Tallahassee, FL) Real Estate News
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2 Comments on Homes Are Selling In Pine Tip Hills

JAN
11
2010
380,862 Points 2 Featured Posts Outside Blog Attended Rain Camp

Joe great blog bottom line where this will wind up at the end nobody knows.

2:25pm • #1
JAN
12
2010
652,266 Points 105 Featured Posts Outside Blog Called Shot Master

Thanks John, but I think it will end up with more home sales :)

6:33am • #2


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Joe Manausa - Tallahassee Real Estate

Tallahassee, FL

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Century 21 Manausa and Associates

Address: 1140 Capital Circle SE #12A, Tallahassee, FL, 32301

Office Phone: (850) 386-2001

Cell Phone: (850) 508-1544

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