With 15 homes sold thus far in 2013, Weems Plantation is not the busiest neighborhood in Tallahassee.
But this report demonstrates more proof of the housing market recovery for Northeast Tallahassee homes that are priced below $250,000.
Currently, there are 9 homes for sale in Weems Plantation, ranging from $140,000 to $220,000.
Positive Weems Plantation Home Sales
There are 3 reasons why Weems Plantation home sales activity is positive:
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The number of home sales in Weems Plantation is on the rise
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Average home values in Weems Plantation is on the rise
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The number of distressed home sales in Weems Plantation is on the decline
The real estate graph below shows the breakdown of arms length home sales and distressed home sales in Weems Plantation.
Values Up In Weems Plantation
The most positive aspect of the Weems Plantation Housing Report is that home values are on the rise.
Weems owners saw home values shoot up from below $100 per square foot to a high of $150 per square foot, only to drop down below $110 per square foot when the Tallahassee real estate market collapsed.
But Weems Plantation has two powerful attributes that has brought home values back in an upwardly moving direction:
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Location: Northeast Tallahassee (specifically the east side of town) is recovering the fastest
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Prices: Affordability is still a major factor, as the high end homes are still dealing with depreciation due to a glut of inventory.
The following graph shows the number of home sold each month (blue bars) as well as the one-year trend of home values shown in dollars per square foot (green line).
List Of Home Sales In Weems Plantation
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