Town N Country Park is a centrally located neighborhood that is within walking distance to the up and coming Centre of Tallahassee (formerly the Tallahassee Mall).
The growing commercial attractions could very well rejuvenate interest in the area.
I suspect this central (NW Tallahassee) location is ripe for a change, much as what we've seen in midtown, and I would not be surprised if we find the 20 somethings in Tallahassee begin to repopulate the area with singles and young families.
As a sixty year old subdivision with single family houses that are mostly 3 and 4 bedrooms, it is perfect for such a transformation. Currently, buyers are getting houses at a steep discount to what these houses would cost to replace.
I encourage our readers to examine house prices, house values, and house sizes, along with all current listings in the Tallahassee MLS and all closed house sales going back to 1991 to understand the current values to be found in Town N Country Park.
For each of the three real estate graphs found in this report, you will find the number of closed house sales for each year (red columns, measured on the left vertical axis), and an important real estate statistic shown in blue (measured on the right vertical axis).
It is important to note that the narrative contained below is for sales through December for all previous years, but through the fourth week of December in 2015.
House Prices
Average house prices have fallen 15% in 2015 versus the average recorded in the prior year. The way the market is recovering though, I just don't think buyers will find prices like this much longer. The average recorded sales price is $112,250 for Town N Country Park thus far in 2015, which means recent buyers have practically stolen their houses. They will look back in 10 years and be extremely proud.
Home sales activity in 2015 has been the best recorded year since 2006. Through the fourth week in December, there have been 15 closed house sales in Town N Country Park.
House Values
Average house values in Town N Country Park have fallen again this year, as distressed house sales will represent one in every three closings in 2015. But this will not last forever, and values will soon be much higher.
Both investors and occupying buyers would be prudent to recognize that single family houses on more than a quarter of an acre within walking distance to shopping and schools will return to high demand in the near future. Builders can no longer supply houses like this to the market at prices below $300,000, yet you can get one in Town N Country Park today for less than half the going rate for new construction.
Through the fourth week in December, the average value of a house sold in Town N Country Park this year has been $71 per square foot (it won't be long until the land alone would sell at that price).
House Sizes
The average house size sold in Town N Country Park typically falls in a range of 1,500 to 1,700 square feet, and 2015 has recorded sales has been no different.
The 15 house sales in 2015 have averaged just 1,612 square feet.
Houses For Sale
The following map of houses show all current listings in Town N Country Park.
Town N Country Park House Sales
The following list shows house sales in Town N Country Park going back to 1991.
I hope you enjoyed our update on house sales in Town N Country Park, please feel free to drop me a note if you have questions not covered in this report.
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