The pace for house sales in Weems Plantation has not yet moved forward like most other neighborhoods in Tallahassee, yet home values and house prices have bounced up from a bottom reached not long ago.
As one of the top selling neighborhoods in Tallahassee (along with Southwood, Killearn Lakes Plantation, Killearn Estates, and Bull Run), we keep a close eye on Weems Plantation to gain insight on changing trends for the entire Tallahassee real estate market.
Thus far in 2013, there have been 20 houses sold in Weems Plantation, with an average sales price of $161,000 and a value of $118 per square foot. That means you are getting a 1,361 square foot house for just over $160K in a highly desirable NE Tallahassee neighborhood.
Currently, there are 8 homes for sale in Weems Plantation, and those that are priced well and marketed well are selling fast.
House Values Flat
After hitting a market low of just over one house sale per month back in 2007, Weems Plantation has seen sales barely rise to just two house sales per month, and the current rate of sales has been steady for the past two plus years.
House values bounced up from a low earlier this year and remain stable just below $120 per square foot. Distressed properties sales have declined somewhat, allowing arms length houses to gain more traction in the market.
House Prices Recovering
House prices have bounced around, but are up after reaching a low in June of this year. Currently the average arms length sales price of a house in Weems Plantation is around $165,000, while the distressed houses have sold for an average of $142,000.
With the falling number of distressed properties available in Weems Plantation, their impact on the "average" will be greatly reduced, likely allowing prices to go higher in 2014.
Houses For Sale In Weems
The following map shows the Weems Plantation homes that are on the market today. If you want more information on a particular home, simply click on the marker on the map and it will open up the listing to show you up to 25 pictures of each home.
Recorded House Sales
The following is a list of all houses sold in Weems Plantation (recorded in the Tallahassee MLS).
I hope you were able to learn something from this Weems Plantation House Sales Report, please drop me a note if you have any other questions or concerns that I can help you with.
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