It's time for another update on home sales in Golden Eagle Plantation in the 32312 zip code of Northeast Tallahassee.
Located in Killearn Lakes and home to the Tom Fazio designed Golden Eagle golf course, this popular NE Tallahassee neighborhood has beat the market in holding home values thus far.
Home sales are down well over 50% since the peak of the market, but you find that home sales in Golden Eagle Plantation have fared far better than most in terms of price and value.
Average Price Of Home Sales In Golden Eagle Plantation
Home sales in Golden Eagle Plantation reached the pricing peak back in 2007, when the average home sold for $565,000 (2009 was higher due but due to one very large sale). Thus far in 2012, the average price of home sales in Golden Eagle Plantation has been $450,000, which represents about a 20% decline. With the rest of the market well over 32%, this is good news for homeowners in Golden Eagle.
Average Value Of Home Sales In Golden Eagle Plantation
Home values are down as well, but only down 24% since the peak of the market. The average value of home sales in Golden Eagle Plantation in 2006 was $174 per square foot compared with $133 per square foot through May 2012. The real estate graph below shows that we have dropped another percent this year versus last year, and I would expect this margin to widen further before year's end.