Anybody who has lived in Tallahassee for more than a few months has heard about the Betton Neighborhoods. Located well-south of the I-10 and Thomasville Road exchange, the neighborhoods of Betton offer in-town convenience with the wonderful “old Tallahassee” feel. I had not yet written about Betton, so I’ve produced some neighborhood summaries that we can explore to see how these Betton communities have withstood the brutal real estate market.
First of all, lets look at a list of what we’ll refer to as the Betton Neighborhoods. There are seven subdivisions in Tallahassee that define the neighborhoods Bettton, and they are listed below. You can follow this link to find current homes for sale in Betton Neighborhoods.
- Betton Brook
- Betton Estates
- Betton Hill
- Betton Hills
- Betton Oaks
- Betton Place
- Betton Woods
I have pulled all the Betton Neighborhoods home sales from the Tallahassee MLS since the beginning of 2002, and we see that most of the sales occur in the larger Betton Hill and Betton Hills neighborhoods.
When we try to bunch them all together for the purpose of seeing average home price movements, we get a much-too-busy real estate graph, but nevertheless, the eye-in-the-sky view provides valuable insight.
We can see that the average sales price of homes in each of the Betton Neighborhoods has followed the same trend as the rest of the Tallahassee housing market, but perhaps with a little less fluctuation. There are too few homes in most Betton subdivisions to get enough data for a clearer picture.
Betton Neighborhood Home Values Fairly Stable
This next real estate graph shows that Betton home prices are still falling, but at a slower rate than the overall market. I believe this is due to the established nature of the neighborhoods and the limited opportunity for new construction. The majority of these home sales are existing home sales and this means that the Betton neighborhoods have not seen builder competition like we observed in yesterday’s analysis of the Bull Run Subdivision in Tallahassee.
The final graph that we observe today is exciting, as it shows that home values thus far in 2011 are higher than they were in 2010. It is far too early to really call it a change, as we are comparing “first of the year” sales in 2011 with all of the sales in 2010. Regardless, it sure beats what we have been seeing in other neighborhoods in Tallahassee.
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