I was reviewing 32311 home sales this morning for a client who wants to sell a home. She asked if I would prepare a zip code report like the recent ones for 32308, 32309, and 32312. Additionally, she asked me what she should expect in terms of value and time to sell.
The good news is that there are plenty of 32311 home sales happening, so we have the real estate liquidity required to give her an accurate assessment of her home value. Currently, there are 251 homes for sale in the 32311 zip code.
Additionally, due to the nature of the current market trends, we told her to expect a contract within the first two weeks (more on that later).
But home value trends are another story altogether.
The real estate graph above shows that 32311 home sales are exhibiting the same size trends as the rest of the Tallahassee real estate market. Buyers are choosing larger homes today than they have in the past.
32311 Home Prices
The average 32311 home price has stayed fairly consistent since 2008, hovering very close to $200,000.
32311 Home Values
Home values continue to slide in the 32311 zip code, and the primary reason relates to supply and demand. Even as demand for homes in Tallahassee was falling over the past five years, there has been no shortage of new construction of homes in this Southeast Tallahassee area.
Non Arms Length 32311 Home Sales
This next graph is the one that should cause you concern if you need to sell a home in the 32311 zip code in the next few years. As you can see, more than a third of all 32311 home sales have been distressed sales (short sales, foreclosures, etc.) this year, and the trend is rising.
So, why did I tell my homeowner that she should plan to sell her 32311 home in two weeks or sooner? The answer is painful, but simple. There are enough buyers registered on our site looking and buying homes in the 32311 zip code to know that she can sell it right away.
But looking at the graph above, we can see that demand in the 32311 is at at 10+ year low and 32311 home values are falling. The longer she takes, the less she should expect to yield upon a sale. It?s in her best interest to market the home aggressively and to sell it fast.
| Neighborhood | Address | SP | Price/ SQF | Closing Date | Year Built | SQF |
| None | 1328 Idlewild Drive | $75,000 | $55 | 10/12/2012 | 1953 | 1,352 |
| Southwood | 3154 Buckhead Trace | $285,000 | $127 | 10/12/2012 | 2002 | 2,237 |
| Southwood | 3582 Strolling Way | $330,360 | $154 | 10/10/2012 | 2012 | 2,144 |
| Sierra Woods Gardens | 4204 Sierra Woods Trail | $266,926 | $124 | 10/5/2012 | 2012 | 2,145 |
| Woodrun Garden Homes | 2554 Chateau Lane | $44,900 | $44 | 10/5/2012 | 1998 | 1,025 |
| Augustine Prop Unrec | 8749 Cabin Hill Road | $135,000 | $69 | 10/4/2012 | 1973 | 1,947 |
| Southwood | 3782 Piney Grove Dr | $420,000 | $138 | 10/2/2012 | 2002 | 3,054 |
| Timber Lake | 4123 Stag Run Court | $124,900 | $102 | 10/1/2012 | 1993 | 1,228 |
| Piney Z | 1021 Landings Loop Loop | $156,000 | $101 | 9/28/2012 | 2001 | 1,551 |
| Piney Z | 926 Piney Z Plantation Rd. | $235,000 | $101 | 9/28/2012 | 2006 | 2,327 |
| Piney Z | 915 Park View Dr | $210,000 | $103 | 9/28/2012 | 2001 | 2,045 |
| Bosque De Augustine | 4003 Calle De Santos | $132,734 | $91 | 9/28/2012 | 1994 | 1,452 |
| Southwood | 4270 Avon Park Cir | $148,000 | $100 | 9/28/2012 | 2004 | 1,483 |
| Southwood | 3575 Strolling Way | $277,298 | $146 | 9/28/2012 | 2012 | 1,904 |
| Timber Lake | 4165 Laurel Oak Circle | $75,000 | $60 | 9/27/2012 | 1994 | 1,254 |
| Southwood | 3068 Dickinson? Drive | $375,000 | $144 | 9/27/2012 | 2012 | 2,600 |
| Southwood | 3256 Whitman Way | $268,000 | $113 | 9/27/2012 | 2005 | 2,368 |
| Southwood | 3249 Carollton Dr | $355,000 | $138 | 9/24/2012 | 2006 | 2,574 |
| Hampton Creek | 5519 Hampton Woods Way | $137,000 | $98 | 9/21/2012 | 2005 | 1,402 |
| Southwood | 3159 Nathaniel Trace | $309,900 | $146 | 9/21/2012 | 2012 | 2,124 |
| Timber Lake | 1541 Cinnamon Bear Cir | $77,000 | $64 | 9/21/2012 | 1987 | 1,210 |
| Southwood | 2120 Sunlight Terrace | $287,500 | $120 | 9/21/2012 | 2007 | 2,403 |
| Southwood | 3243 Carollton Drive | $455,000 | $114 | 9/21/2012 | 2006 | 4,002 |
| Thunder Hill | 8365 Caplock Road | $177,008 | $100 | 9/19/2012 | 1989 | 1,774 |
| Southwood | 3021 Four Oaks Blvd | $302,900 | $132 | 9/19/2012 | 2011 | 2,288 |
| Apalachee Hills | 1621 Quazar? Road | $70,000 | $60 | 9/14/2012 | 2006 | 1,173 |
| Southwood | 4036 Shady View | $224,900 | $115 | 9/12/2012 | 2004 | 1,953 |
| Southwood | 3709 Riverton? Trail | $225,000 | $113 | 9/10/2012 | 2006 | 1,993 |
| Piney Z | 900 Park View Drive | $228,000 | $116 | 9/6/2012 | 2002 | 1,962 |
| Apalachee East | 4116 Old Plantation Loop | $172,500 | $112 | 8/31/2012 | 2008 | 1,540 |
| Apalachee East | 4108 Old Plantation Loop | $164,000 | $106 | 8/31/2012 | 2008 | 1,540 |
| Hampton Creek | 5510 Hampton Woods Way | $140,000 | $99 | 8/31/2012 | 2005 | 1,418 |
| Piney Z | 1167 Landings Loop | $157,000 | $106 | 8/31/2012 | 2002 | 1,476 |
| Southwood | 3756 Overlook? Drive | $398,000 | $123 | 8/31/2012 | 2012 | 3,236 |
| Timber Lake | 4177 Laurel Oak Circle | $63,000 | $49 | 8/31/2012 | 1990 | 1,280 |
| Meadows At Woodrun | 8817 Pembroke Ct N | $87,500 | $71 | 8/31/2012 | 1980 | 1,234 |
| Hampton Creek | 5518 Hampton Oak Place | $119,900 | $103 | 8/30/2012 | 2007 | 1,160 |
| Meadows At Woodrun | 2012 Lohman? Court | $62,000 | $53 | 8/30/2012 | 1981 | 1,171 |
| Southwood | 4010 S Blair Stone Road | $175,002 | $99 | 8/30/2012 | 2005 | 1,760 |
| Timber Lake | 1495 Grey Fox Run | $63,000 | $52 | 8/30/2012 | 1995 | 1,203 |
| Southwood | 4078 Four Oaks Boulevard | $165,000 | $108 | 8/29/2012 | 2007 | 1,521 |
| Louvenia Lakes | 6831 Skyrock Ln | $175,000 | $94 | 8/29/2012 | 1994 | 1,855 |
| Southwood | 3249 Thoreau Avenue | $292,500 | $124 | 8/27/2012 | 2005 | 2,368 |
| Hampton Creek | 5502 Hampton Oak Pl | $115,000 | $99 | 8/24/2012 | 2006 | 1,160 |
| Hampton Creek | 2901 Hampton Meadow Drive | $144,990 | $118 | 8/24/2012 | 2012 | 1,228 |
| Southwood | 3741 Esplanade Way | $215,000 | $121 | 8/24/2012 | 2003 | 1,782 |
| Southwood | 3174 Coneflower | $180,700 | $109 | 8/24/2012 | 2009 | 1,656 |
| Pine Meadows | 3507 Blue Spruce Court | $145,000 | $89 | 8/23/2012 | 1995 | 1,624 |
| Hampton Creek | 2903 Hampton Meadow | $150,000 | $122 | 8/22/2012 | 2012 | 1,228 |
| Southwood | 3192 Nathaniel Trace | $314,900 | $157 | 8/20/2012 | 2012 | 2,007 |
| Southwood | 3156 Nathaniel Trce | $269,900 | $149 | 8/17/2012 | 2011 | 1,809 |
| Southwood | 3222 Salinger Way | $319,900 | $124 | 8/17/2012 | 2005 | 2,580 |
| Southwood | 2492 Lantana Lane | $255,400 | $106 | 8/16/2012 | 2007 | 2,402 |
| Timber Run | 5749 Dayflower Circle | $134,000 | $79 | 8/10/2012 | 2000 | 1,695 |
| Golden Pheasant | 2289 Upland Way | $282,000 | $99 | 8/10/2012 | 2005 | 2,861 |
| Southwood | 3987 Four Oaks Blvd | $150,000 | $101 | 8/10/2012 | 2001 | 1,483 |
| Southwood | 3252 Whitman Way | $320,000 | $116 | 8/10/2012 | 2005 | 2,764 |
| Hampton Creek | 5569 Hampton Hill Circle | $140,000 | $89 | 8/10/2012 | 2006 | 1,571 |
| Piney Z | 1120 Winter Lane | $175,000 | $97 | 8/9/2012 | 2005 | 1,795 |
| Piney Z | 1039 Landings Loop | $150,000 | $109 | 8/9/2012 | 2001 | 1,374 |
| Piney Z | 1132 Landings Loop | $165,000 | $109 | 8/7/2012 | 2002 | 1,514 |
| Connell Prop Unrec | 5871 Connell Ct. | $190,000 | $112 | 8/3/2012 | 2006 | 1,690 |
| Chase?s Ridge | 3928 Paces Court | $90,000 | $89 | 8/3/2012 | 1991 | 1,008 |
| Piney Z | 1041 Piney Z Plantation? Road | $165,000 | $116 | 8/3/2012 | 2000 | 1,428 |
| Woodrun East | 8127 Talley Ann Drive | $136,000 | $107 | 8/1/2012 | 1995 | 1,272 |
| Southwood | 4275 Raleigh Way | $203,000 | $98 | 7/31/2012 | 2006 | 2,067 |
| Southwood | 3005 Dickinson Drive | $225,000 | $126 | 7/31/2012 | 2005 | 1,782 |
| Hampton Creek | 5038 Hampton Ridge? Avenue | $134,900 | $121 | 7/31/2012 | 2011 | 1,114 |
| Southwood | 4235 Raleigh Way | $200,000 | $139 | 7/31/2012 | 2006 | 1,444 |
| Timber Lake | 4066 Cottage Wood Trail | $120,000 | $91 | 7/29/2012 | 1987 | 1,314 |
| Piney Z | 1001 High Meadow Drive | $180,000 | $94 | 7/29/2012 | 1999 | 1,919 |
| Meadows At Woodrun | 2349 Windermere Rd | $75,000 | $69 | 7/27/2012 | 1982 | 1,092 |
| Southwood | 3751 Overlook Dr | $365,000 | $134 | 7/27/2012 | 2003 | 2,726 |
| Southwood | 3809 Piney Grove Drive | $262,000 | $116 | 7/27/2012 | 2003 | 2,250 |
| Southwood | 3163 Nathaniel Trace | $302,404 | $151 | 7/20/2012 | 2012 | 2,007 |
| Southwood | 3171 Mulberry Park Blvd. | $155,000 | $89 | 7/13/2012 | 2002 | 1,744 |
| Southwood | 2471 Goldenrod Way | $250,000 | $135 | 7/13/2012 | 2012 | 1,850 |
| Pebble Brooke | 670 Brooke Hampton Drive | $102,500 | $92 | 7/12/2012 | 2007 | 1,114 |
| Hampton Creek | 5500 Hampton Oak Pl | $119,000 | $103 | 7/9/2012 | 2006 | 1,160 |
| Piney Z | 1076 Kingdom Drive | $134,000 | $98 | 7/6/2012 | 2003 | 1,367 |
| Hampton Creek | 5040 Hampton Ridge Avenue | $134,900 | $121 | 7/2/2012 | 2011 | 1,114 |
| Rockbrook | 1057 Longstreet Drive | $32,900 | $24 | 6/29/2012 | 1978 | 1,350 |
| Southwood | 4032 Shady View? Lane | $248,000 | $122 | 6/29/2012 | 2004 | 2,027 |
| Southwood | 3608 Biltmore Avenue | $175,000 | $107 | 6/27/2012 | 2006 | 1,633 |
| Piney Z | 4724 Plantation View | $224,900 | $98 | 6/27/2012 | 2006 | 2,304 |
| Piney Z | 4869 Planters Ridge Drive | $196,500 | $111 | 6/27/2012 | 2000 | 1,768 |
| Piney Z | 1209 Landings Loop | $147,000 | $101 | 6/27/2012 | 2002 | 1,461 |
| Southwood | 3910 Shumard Oak | $155,000 | $102 | 6/25/2012 | 2010 | 1,521 |
| Southwood | 3008 Dickinson Drive | $380,000 | $103 | 6/25/2012 | 2007 | 3,691 |
| Piney Z | 860 Eagle View Dr. | $192,000 | $95 | 6/22/2012 | 2003 | 2,017 |
| Pebble Brooke | 484 Brooke Hampton Way | $115,000 | $78 | 6/22/2012 | 2008 | 1,479 |
| Augustine Prop Unrec | 8490 Cabin Hill Road | $271,000 | $83 | 6/22/2012 | 1973 | 3,262 |
| Southwood | 3246 Belle Meade Trail | $385,000 | $107 | 6/20/2012 | 2007 | 3,612 |
| The Meadows | 3815 Ulmer Court | $74,500 | $48 | 6/19/2012 | 1995 | 1,538 |
| Southwood | 3254 Stanhope Drive | $223,000 | $99 | 6/18/2012 | 2003 | 2,250 |
| Piney Z | 4778 Planters Ridge Drive | $148,500 | $92 | 6/15/2012 | 2002 | 1,615 |
| Southwood | 4024 Colleton Court | $118,000 | $89 | 6/14/2012 | 2003 | 1,324 |
| Piney Z | 1080 Piney Z Plantation | $155,000 | $86 | 6/13/2012 | 2001 | 1,808 |
| Louvinia Woods | 6317 Carpenters Lane | $159,900 | $86 | 6/13/2012 | 1983 | 1,853 |
| Southwood | 4290 Park Crossing Trl | $125,000 | $83 | 6/11/2012 | 2005 | 1,511 |
| Southwood | 4260 Summertree Dr | $220,000 | $110 | 6/8/2012 | 2006 | 1,997 |
| Apalachee Hills | 1617 Quazar? Road | $68,900 | $59 | 6/6/2012 | 2006 | 1,173 |
| Piney Z | 1126 High Meadow Drive | $164,000 | $112 | 6/4/2012 | 2003 | 1,469 |
| Southwood | 3690 Biltmore Avenue | $175,000 | $110 | 6/1/2012 | 2005 | 1,584 |
I hope you gained some understanding of 32311 home values from this report, please check back with us for updates and other Tallahassee neighborhood reports.
Source: http://www.manausa.com/32311-home-sales-falling/
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