New Report Shows Ox Bottom Home Sales On The Rise

By
Real Estate Agent with Joe Manausa Real Estate 8508880888
https://activerain.com/droplet/jZw

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.

Note: If you receive the Tallahassee Real Estate Blog by email, you will need to click this link to see the map of recent home sales in Ox Bottom.

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-Sales

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-Prices

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.

Ox-Bottom-Home-Values

 



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Rainmaker
1,151,410
Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota Real Estate Expert

Good to hear prices are rising.  We are turning the corner in our area as well. Spring 2012 will probably come out of it.

Sep 22, 2011 01:25 AM #1
Rainmaker
658,190
Kathy Toth
Ann Arbor Market Center Keller Williams - Ann Arbor, MI
Ann Arbor Real Estate Experts - Kathy Toth Team

Joe, your presentation is FAMTASTIC, yes I am shouting - stupendous! and good news to boot!

Sep 22, 2011 01:26 AM #2
Rainmaker
1,185,501
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Chuck, prices aren't rising ... But the number of homes selling is rising.

Sep 22, 2011 01:36 AM #3
Rainmaker
1,185,501
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thank you Kathy. It's great to see the number of home selling start to pick up. Once we work through excess inventories, values will follow!

Sep 22, 2011 01:37 AM #4
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Rainmaker
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Joe Manausa

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