Though the pace for home sales in Killearn Estates in Tallahassee has slowed, home values and home prices are still enjoying a nice recovery.
As one of the top selling neighborhoods in Tallahassee (along with Southwood, Killearn Lakes Plantation, and Bull Run), we keep a close eye on Killearn to gain insight on changing trends for the entire Tallahassee real estate market.
Thus far in 2013, there have been 107 homes sold in Killearn Estates, with an average sales price of $224,000 and a value of $103 per square foot. That means you are getting a 2,176 square foot home for just over $220K in a highly desirable NE Tallahassee neighborhood.
Currently, there are 43 homes for sale in Killearn Estates, and those that are priced well and marketed well are selling fast.
Killearn Home Values
After hitting a market low of 5 home sales per month back in 2009, Killearn Estates has seen sales rebound as high as ten home sales per month, and the current rate of sales is just over 9 per month.
Home values continue to rise after hitting bottom in November of last year. Distressed properties sales have declined greatly, allowing arms length homes to gain more traction in the market.
Killearn Home Prices Recovering
Home prices continue to recover from a bottom found in January of this year. Currently the average arms length sales price of a home in Killearn Estates is around $228,400, while the distressed homes have sold for an average of $177,800.
With the falling number of distressed properties available in Killearn Estates, their impact on the "average" will be greatly reduced, likely allowing prices to go higher in 2014.
Homes For Sale In Killearn
Recorded Home Sales In Killearn
The following is a list of all homes sold in Killearn Estates (recorded in the Tallahassee MLS).
I hope you were able to learn something from this Killearn Estates Home Sales Report, please drop me a note if you have any other questions or concerns that I can help you with.