For real estate purposes, Tallahassee is divided into geographical quadrants, (Northeast, Northwest, Southeast, Southwest) each with its own characteristics and market conditions. The North-South dividing line is Meridian Rd that runs south into Monroe St; the east-west dividing line is Apalachee Pkwy which runs west into Pensacola St.
Here is a breakdown of sales from Jan-Aug 2011:
The chart above shows that for 2011 YTD, the Northeast (NE) has almost half of all sales in Tallahassee.
Northeast (NE) Tallahassee is in great demand by families since it has the most A-rated K-12 schools. Homes are generally more expensive with an average sale price of $231K for Jan-Aug 2011. NE Tally has established neighborhoods and a few new construction developments. Governor’s Square Mall is located here along with some popular restaurants and boutique shopping.
NE beats the other quadrants for both higher prices and number of sales, although every quadrant has seen a dramatic decline in both. NE 2010 Prices are just above 2004 levels while sales are below 2003 numbers. Numbers for 2011 look promising, but it’s too early to tell whether they will exceed last year’s prices and sales.
Southeast (SE) has a few new housing developments, the most unique being Southwood, a planned community that includes various housing options (large estates, mid-sized houses, townhomes, apartments) as well as community recreation and activities, schools, government offices, and shopping.
Northwest (NW) is a favorite of students who can afford off-campus housing; townhouses and condos are plentiful. FSU is located in this quadrant, just north of FAMU.
Southwest (SW) is home to FAMU, and TCC. It’s a good option for students who want to walk to class. Some community renovation projects are underway that are intended to improve the lifestyle and value of housing in this area.
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