Average House Prices Giving Back Gains Found In 2013

By
Real Estate Agent with Joe Manausa Real Estate 8508880888
https://activerain.com/droplet/4fmb

Located along the northwestern boundary of Killearn Estates, one can find wildly popular Camelot Park, with roughly 375 houses that have been consistent performers among the top selling neighborhoods in the Tallahassee real estate market.

While not producing sales numbers like the top five subdivisions (SouthwoodGolden Eagle PlantationKillearn EstatesKillearn Lakes Plantation and Bull Run), Camelot Park does see enough house sales to often times drop into the top 20 most active neighborhoods in the Tallahassee MLS.

Thus far in 2014, Camelot Park ranks tied for #14 based upon 4 house sales with an average sales price of $153,000 and a value of $94 per square foot. That means you are getting a 1,619 square foot house for just over $150K in a highly desirable downtown Tallahassee neighborhood.

Currently, there are 8 houses for sale in Camelot Park, 1 of which is already under contract.

House Sales Getting Stronger?

In the graph below, we see the number of closed house sales each year as blue columns (2014 is through 3/30), and the average house value, expressed as price per square foot, is shown as a red line. This means the year is off to a good start for Camelot Park, as the current pace would yield the number of sales last seen at the peak of the housing market.

Unfortunately, we see that average house values are giving back some of the gains recovered in the past two years since the bottom of the housing market in 2011.

The increase in unit sales is good news for a continuation of a housing market recovery in Camelot Park.

Average House Values In Camelot Park

House Prices Falling

Average house prices are falling, giving back the gains found last year. With only 1 distressed house sale recorded in the past year, it is surprising to see both average house prices as well as average house values falling in Camelot Park.

Camelot Park House Prices

Houses For Sale

The following map shows the Camelot Park houses that are on the market today. If you want more information on a particular house, simply click on the marker on the map and it will open up the listing to show you up to 25 pictures of each house.

Map-of-Camelot-Park-Tallahassee-Florida

Closed House Sales

The following is a list of all houses sold in Camelot Park (recorded in the Tallahassee MLS).

Camelot-Park-Home-Sales-Report

I hope you were able to learn something from this Camelot Park House 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
2,464,739
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Nicely presnted post making the right points...thank you

Apr 11, 2014 11:52 PM #1
Rainmaker
1,180,665
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thank you Richie, Camelot Park is a great little community of homes.

Apr 11, 2014 11:58 PM #2
Rainmaker
739,690
Ed & Tracy Oliva
West USA Realty - Arizona - Fountain Hills, AZ
The Oliva Team Arizona Agents

Good Morning and this is some great Info for all in the business,  keep up the good work and good luck with your sales,  E

Apr 12, 2014 12:05 AM #3
Rainmaker
1,180,665
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Good morning to you too Ed, thank you for the feedback.

Apr 12, 2014 12:07 AM #4
Rainmaker
1,143,921
David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

Hey Joe good post packed with info. Not too happy about hearing the market is not continuing to gain but that may change for the better again, we shall see

Apr 12, 2014 01:14 AM #5
Rainmaker
1,180,665
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thank you David, I agree. It is what it is, we just have to plow forward.

Apr 12, 2014 01:16 AM #6
Rainmaker
331,048
Bruce Swedal
Denver, CO
Denver Real Estate

A fantastic market report with a great presentation. I love reading about happening places like this. Valuable information for the areas buyers and sellers.

Apr 12, 2014 10:07 AM #7
Rainer
34,860
American Brokers Realty Group
American Brokers Realty Group, Inc - Cape Coral, FL

This is great advice, and somewhat common sense for most people. 

Apr 12, 2014 11:14 PM #8
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Rainmaker
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Joe Manausa

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