Summerbrooke is one of the top selling neighborhoods in NE Tallahassee, featuring executive houses like you would expect to find in an affordable golf course community.
As with all neighborhoods in the popular 32312 zip code, location (location, location) is the driving force that keeps buyers interested in the houses for sale in Summerbrooke.
Unlike the report we did on high end house sales yesterday, house prices are at the top of the sweet spot for Tallahassee real estate and should do very well in the years to come.
In this report, we will look at house prices, house values, and sizes of houses in Summerbrooke, as well as show current listings in the Tallahassee MLS and all closed house sales going back to 1991.
House Prices
For the three real estate graphs found below, you will find the number of closed house sales for each year (red columns, measured on the left vertical axis), and an important real estate statistic shown in blue (measured on the right vertical axis). It's important to note that the written analysis contained here was done on the last day of April 2015, but the charts and table will continuous update into the future (so you can bookmark this page if you want to keep tabs on the housing market in Summerbrooke).
House prices appear to be strengthing in 2015 after having declined 3% in 2014. The average recorded house price for Summerbrooke in 2015 thus far has been $347,000.
House sales declined heavily in the fourth quarter of 2014 and remain sluggish through 1/3rd of 2015. Through April of 2015, there were just 3 closed house sales in Summerbrooke. If this pace continues to the end of the year, it would result in the fewest house sales in Summerbrooke since 1991.
House Values
Average house values in Summerbrooke declined slightly in 2014, but have recovered nicely thus far in 2015 (though this might be related to the fact that smaller houses have sold). Even so, average house values are currently just 8% higher than the 11 year low established in 2012. If you've been thinking about buying a house in a golf course community, this might be your best chance ever to find a great value in Summerbrooke.
Through April of 2015, the average value of a house sold in Summerbrooke has been $131 per square foot.
House Sizes
The average house size sold in Summerbrooke typically falls in a range of 2,600 to 3,200 square feet, and this year is no different.
The 3 house sales in 2015 have averaged 2,645 square feet, meaning buyers are choosing houses at the very lowest end of this range. With just 3 sales under its belt thus far, I think it would be a bit early to call this a trend.
Houses For Sale
The following list of houses are the most recent listings in Summerbrooke.
House Sales
The following list shows house sales going back to 1991 in Summerbrooke.
I hope you enjoyed our May 2015 update on house sales in Summerbrooke, please feel free to drop me a note if you have questions not covered in this report.
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