Welcome to the New RealTown! Submit Feedback
Member Login | Join RealTown
The Real Estate Network

Homes Are Selling In Killearn Acres

Jun. 10, 2011

Home sellers in Killearn Acres are beating the market by a tiny margin, which is one little ray of good news for this very popular Northeast Tallahassee neighborhood. Home prices have fallen 26% since the peak of the market in early 2007, and they are still on the decline like the rest of the homes for sale in Tallahassee.

Currently, there are 29 homes listed for sale in Killearn Acres, and you can expect this off-shoot of Killearn Estates to continue to record home sales at a pace that leads most neighborhoods in Tallahassee. Killearn Acres consistently ranks in the top 10 most active subdivisions in Tallahassee in terms of the number of homes that sell each year, and currently it is the 7th most active neighborhood with 13 home sales in 2011.

Home Prices In Killearn Acres

The real estate graph above shows a familiar pattern of dropping unit sales and dropping home prices in Killearn Acres, and the trend continues to head in a downwards direction. If you have to sell a home in Killearn Acres, as with every other neighborhood in Tallahassee, you must make a decision on whether you plan to keep the home for 5 to 7 more years to wait-out the market, or sell it now. If now, you need to sell as soon as possible to get your highest price.

Home Values In Killearn Acres

The home value decline that we see in the graph above represents a 29% drop since the top of the housing market, and the trend continues to fall. Home values now in Killearn Acres have fallen back to levels last seen prior to 2003.


User Comments

There are currently no user comments for this entry. Be the first to post a comment!

Write a Comment

Your Name:  RealTown Members: Click here to login
Your E-Mail: 
Your Website: 
Subject: 
Your Comment: 
Notifications: 
Privacy: 
Verification: 
To verify that you are a human and not a script, please enter the verification word from the image into the box on the right.
 

Tallahassee Housing News

Blog by Joe Manausa
Tallahassee, Florida

Information about the Tallahassee housing market and real estate discussion for everywhere.

Subscribe

Your E-mail Address:
Subscribe to:

Recent Comments

RE: House Sales Brisk In 32312 Zip Code
 Nice graphs and information. This really goe...
RE: Report Shows Rise In Distressed Properties For Sale
Simon, I refer to all short sales, foreclosures,...
RE: Report Shows Rise In Distressed Properties For Sale
 I am interested to understand how you determ...
RE: Changes Are Good In The Real Estate Market
 I believe part of the explaination for the h...
RE: Focused Sellers Net More Money With S&D Study
 Understanding supply and demand is not just...