Town N Country Park Has Surprisingly Low House Prices Right Now

By
Real Estate Agent with Joe Manausa Real Estate 8508880888

Located on the NW side of Tallahassee directly between Godby Highschool and the Tallahassee Mall, Town N Country Park is an established neighborhood with houses built from the 1960s through the 1980s, in a conveniently centralized part of Tallahassee.

I happen to be highly biased towards this neighborhood, as I lived there for nearly 18 years. Back in the 1970s, there was no better football game to be found than on Mulberry Blvd.

In this report, we will look at prices, values, and sizes of houses in Town N Country Park, as well as show current listings in the Tallahassee MLS and all closed house sales going back to 2007.

Town N Country Park House Prices

For all of the 3 real estate graphs found below, you will find the number of closed house sales for each year (blue columns, measured on the left vertical axis), and an important real estate statistic shown in red (measured on the right vertical axis. It is important to note that sales are through December for all previous years, but through October in 2014.

Average house prices have fallen slightly since last year, due to the fact that five of the past eight houses sold have been distressed. Distressed sales certainly bring down the averages, and this creates opportunity for both first time homebuyers as well as investors. The average recorded sales price is $131,000 for Town N Country Park thus far in 2014.

Town N Country Park House Prices

House sales activity has done quite well this year, and will be among the best in the past ten years for recorded house sales by the time the year is through. Thus far in 2014, there have been 12 closed house sales in Town N Country Park.

Town N Country Park House Values

Average house values in Town N Country Park have dropped with the abundance of distressed house sales and are just slightly higher than the low of $74 per square foot established in 2011. These are single family houses on more than a quarter of an acre within walking distance to shopping and schools ... you can bet an investment made in Town N Country Park today will provide an excellent return when the housing market in Tallahassee stabilizes.

Town N Country Park House Values

Through October, the average value of a house sold in Town N Country Park this year has been $75 per square foot. This is significantly lower than what it would cost to replace these homes. Figure at least $100 per square foot, plus land, so there is a large discount in the current values in Town N Country Park.

Town N Country Park House Sizes

The average house size sold in Town N Country Park typically falls in a range of 1,650 to 1,900 square feet, and this year house sales are near the middle of this range. The 12 sales thus far in 2014 have averaged 1,743 square feet.

Town N Country Park House Sizes

Town N Country Park continues to deliver exceptional values, but don't expect this to last forever.

Houses For Sale In Town N Country Park

The following list of houses are the most recent listings in Town N Country Park.

Town N Country Park Listings

Town N Country Park House Sales

The following list shows house sales going back to 2002 in Town N Country Park.

Past House Sales In Town N Country Park

I hope you enjoyed our October 2014 update on house sales in Town N Country Park, please feel free to drop me a note if you have questions not covered in this report.

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Joe Manausa Real Estate
1934 Dellwood Drive
Tallahassee, FL 32303
(850) 366-8917

Comments (8)

Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Thanks for a very informative market update. I love reading from around the country and hearing how the market is in various places

Nov 17, 2014 08:46 PM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Joe Manausa what a great market update as usual!  This information is perfect for buyers and sellers alike.

Nov 17, 2014 10:43 PM
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thank you Jim Crawford ... I'm working up a way to automate these for about 100 communities in Tallahassee.

Nov 17, 2014 11:08 PM
Art Welch
Superstars Realty - Buckeye, AZ
Broker

Looks like your prices are very equal to wage growth flat?

Nov 18, 2014 04:33 AM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Joe Manausa I really like these charts they are very eye catching.  Nice graphics.

Nov 18, 2014 09:54 AM
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thank you for stopping by and leaving a comment, Lise!

Apr 13, 2021 05:05 AM
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thank you for stopping by and leaving a comment, Art!

Apr 13, 2021 05:05 AM
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thank you for stopping by and leaving a comment, Jim!

Aug 16, 2021 06:02 AM