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Real Estate Agent with Joe Manausa Real Estate 8508880888
https://activerain.com/droplet/48mM

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.

Home Values In Killearn Estates

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.

Home Prices In Killearn Estates

 

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.

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Rainmaker
399,429
Bill and MaryAnn Wagner
Wagner Real Estate Group - Ocean City, NJ
Jersey Shore and South Jersey Real Estate

Great report Joe. It thoroughly explains the dynamics of the market and shows the improving trend.

Dec 19, 2013 09:27 PM #1
Rainmaker
1,179,138
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thank you Bill ... I try to keep these current for the top neighborhoods in Tallahassee.

Dec 19, 2013 09:31 PM #2
Rainmaker
1,570,174
David Saks
(retired) - Memphis, TN
Another great report. Thanks for sharing. Have a terrific weekend.
Dec 19, 2013 10:56 PM #3
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Rainmaker
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Joe Manausa

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