Today’s report includes five subdivisions that comprise the Ox Bottom Neighborhoods, including Ox Bottom Manor, Ox Bottom, Ox Bottom Reserve, Ox Bottom Gardens, and Deerwood at Ox Bottom Manor. These popular Northeast Tallahassee neighborhoods have seen their average home prices decline by 36% since the peak of the market, but home sales have picked up this year when compared to last year.
Map Of Ox Bottom Home Sales
The map below shows where recent home sales occurred in the Ox Bottom Neighborhoods. Just click on any red dot and information regarding the sale will appear.
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Ox Bottom Neighborhoods Home Sales
There have been 22 home sales in the Ox Bottom Neighborhoods through September 9th of this year, which equals the number of home sales which occurred through all of 2010. The current rate of home sales in Ox Bottom might make this the best year for home sellers since 2007, but at far lower prices.
Ox Bottom Home Prices
Home prices continue to decline in the Ox Bottom Neighborhoods. The average sales price in 2011 has been $286K, which is down 36% since 2006.
Ox Bottom Home Values
Home values are "only" down 31% in the Ox Bottom neighborhoods, where 2011 sales have averaged $118 per square foot (compared with $169 per square foot in 2006). Homeowners who are thinking about selling a home in Ox Bottom will be faced with falling prices until inventories return to a balance between supply and demand.