If you are thinking that you want to buy a Glen At Golden Eagle home, then this report will help you understand current values and what you should expect to spend.

Currently, there are only two homes for sale in the Glen At Golden Eagle, but if historic move cycles mean anything, there are plenty more that will soon be available.

Additionally, our recent report on Tallahassee foreclosures, combined with the real estate graph above, shows that a Glen At Golden Eagle home might very well be available in the newest list of distressed homes for sale in Tallahassee.

Thus far in 2012, one half of all homes sold in The Glen have been short sales, foreclosures, or banked owned homes.

The Glen At Golden Eagle Home Prices

The average sales price of a Glen At Golden Eagle home has dropped below $160,000, down from $243,000 at the peak of the housing market.

The Glen At Golden Eagle Home Values

Home values have declined 32% since 2006, when homes were selling for $147 per square foot (when compared with $100 per square foot thus far in 2012). If you can buy a Glen At Golden Eagle home for $100 per square foot, in good condition, I think you will be very happy when the market recovers.

»»» Recent Glen At Golden Eagle Home Sales «««

Joe Manausa, MBA
Century 21 Manausa & Associates
www.manausa.com

 Sign up for a FREE subscription to the Tallahassee Life! Newsletter

Name:

 

Email:

 

 

 All About Tallahassee Life

 

Get The Free Real Estate Newsletter

 

 

 

Home values in the Glen at Golden Eagle are moving downwards, much like the rest of the Tallahassee real estate market. But there might be some signs of stabilization in this Northeast Tallahassee neighborhood which features homes from $150K to $250K.

Recently, reader “Don” wrote in with some questions about the Glen at Golden Eagle. Don wrote:

We’re always on here! I need some info about what is happening in the Glen Golden Eagle:

• Any forecasts for home values in this area? (down, way down)
• Is demand really low in the Glen?
• Is this neighborhood a reseller nightmare area?
• Is it hard to resell with a pool?
• Is there any thing about the Glen we should be asking, but have not?

Will there be HOTTER deals in Ox Bottom in next 12-18 months that we should wait based on data we can ascertain, (e.g arm resets, renters, delinquencies)? It seems that waiting 12 months may be better for deals than jumping on the rates/tax credits. We really like Ox bottom best. I think investors would just crowd normal folks out of deals in Ox Bottom, and am I wrong?

As any long-time readers of the Tallahassee Real Estate Blog knows, we love to use reader questions as the stimulus for our blog posts. This is a great way to ensure that we are keeping our content “fresh” and geared towards the interests of people buying and selling real estate today.

Home Values In The Glen At Golden Eagle

Currently, there are 8 homes for sale in the Glen at Golden Eagle, and the asking prices run from $159K to $225K. The number of sales have dropped to nearly 1 per month, which is the lowest it has been since resales started ten years ago. This tells me that Buyers do not see value at the current asking prices, and that demand will not return until more attractive pricing occurs.

Recent sales show anything purchased recently has fallen in value below 2005 prices. One sale showed overall appreciation because the previous sale was in 2001. It is important to note that no sale over $200K has occurred since 2008 (contract date).

This neighborhood is not “a nightmare”. Don had asked if there was something wrong in the Glen or if having a pool was good or bad. Pools are good for buyers wanting pools, and bad for those who don’t (how’s that for in-depth analysis!). Overall, I do believe that homeowners with pools sell for higher prices. And as far as Tallahassee neighborhoods go, the Glen at Golden Eagle is wonderful and highly desirable. Once prices settle a little more, I would not be surprised if we don’t see unit sales rush back upwards of 2o or 30 per year.

Click here for list of recent home sales in the Glen at Golden Eagle (with appreciation rates)

Joe Manausa, MBA
Century 21 Manausa & Associates
www.manausa.com

 Sign up for a FREE subscription to the Tallahassee Life! Newsletter

Name:

 

Email:

 

 

 All About Tallahassee Life

 

Get The Free Real Estate Newsletter

 

 

 

 Reduced to $150,000

9162 Stonehenge Trail Tallahassee, FL 32312

3 bedrooms 2 baths 1 car garage 1292 SQF built in 1999

USDA 100% financing eligible, this well cared for house in The Glen offers exceptional value. Bright open floor plan with wood floors throughout and recently painted. Large master bedroom & bath with a spacious walk-in closet. Can't forget about the huge tiled screened patio overlooking the privacy fenced backyard. Property overlooks open green space in the front. Sold as-is. Subject to lien holders approval.

Visit www.MakeYourMoveWithMike.info for additional information and pictures

Just a reminder if you have not subscribed to the Tallahassee Real Estate Newsletter (see right sidebar…takes 7 seconds), the 7th Edition will be published on Monday May 25th, 2009. The next edition has a few twists and surprises, so I hope you get it.

I was doing some research last week and ended up compiling some interesting information from both the Leon County Tax Appraisers site, as well as the Tallahassee Board of REALTORS® Multiple Listing Service (MLS). The Tallahassee neighborhood that I had researched was the Glen At Golden Eagle, and my findings were not that surprising, especially if you are a regular reader of the Tallahassee Real Estate Blog.

[click to continue…]

Joe Manausa, MBA
Century 21 Manausa & Associates
www.manausa.com

 Sign up for a FREE subscription to the Tallahassee Life! Newsletter

Name:

 

Email:

 

 

 All About Tallahassee Life

 

Get The Free Real Estate Newsletter