Having started my Tallahassee real estate career with Killearn Lakes house sales, I find myself (nearly) speechless when observing the rapid rise of distressed properties in this wonderful Tallahassee neighborhood located in the 32312 zip code.
This was the final jewel in the crown of Killearn Properties, a neighborhood that was designed to be everything the successful Killearn Estates had been, with the addition of a world class Tom Fazio golf course located within the gates of Golden Eagle Plantation.
With everything this community has to offer, Killearn Lakes house sales still continue to decline in value, offering home buyers incredible deals at prices last seen in 2002.
Average Prices Of Killearn Lakes House Sales
When we take in all Killearn Lakes house sales, we find that the average sales price in 2012 thus far is $181,000, down 28% from the $252,000 recorded in 2007. With more foreclosure filings recently announced, I would expect this downward trend to continue.
Average Values Of Killearn Lakes House Sales
More importantly, real estate depreciation for Killearn Lakes house sales has crested the 30% level. While this is lower than the average in Tallahassee, it still is wreaking havoc. The average value of a home sold in Killearn Lakes Plantation in 2012 has been $97 per square foot, a far cry from the $139 per square foot recorded in 2007.
Distressed Killearn Lakes House Sales
With the end of the robo-signing scandal well behind us, it is not too surprising that Killearn Lakes house sales are taking their lumps like everybody else. The real estate graph below shows that 40% percent of all homes sold in Killearn Lakes Plantation in 2012 have been short sales, foreclosures, or bank owned properties.
If you own a home in Killearn Lakes Plantation and are trying to decide what to do, you could either read our free book "Should I Short Sale My Home?" or just go straight to the source.
You can drop me a note anytime in order to schedule a time to talk about your specific situation and needs. After speaking directly with over 250 homeowners in the past year about handling this tough housing market, I can tell you that you will feel much better knowing all of the options available to you today.
Recent Killearn Lakes House Sales
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