It's time for another update on home sales in Indian Head Acres, and for the most part, this is good news. Though home prices and values are still declining in Indian Head Acres (as are all homes for sale in Tallahassee), the good news is that the rate of sales appears to be returning to normal. 2011 will be the best year for home sales in Indian Head Acres since 2007.
Indian Head Acres is a very popular downtown Tallahassee neighborhood within walking distance to everything downtown, including dining, entertainment, shopping and of course, many State office buildings.
Map Of Indian Head Acres Home Sales
(Note: If you receive the Tallahassee Real Estate Blog by email, you will have to "click through" to see the map of home sales in Indian Head Acres)
Indian Head Acres Home Prices Still Falling
Home prices in Indian Head Acres are still falling, but they are fairly consistent with what we have observed with the rest of the Tallahassee real estate market. The average sales price of a home in Indian Head Acres in 2011 has been $130,750, which is down 33% from the $196,000 average price that was hit in 2007.
Indian Head Acres Home Value Depreciation
Home values are doing better than average prices. In fact, Indian Head Acres home values have dropped just 25% since the peak of the market, which makes this Tallahassee neighborhood near the top in terms of value preservation.