One Neighborhood That Defies Local Housing Market Trends

By
Real Estate Agent with Joe Manausa Real Estate 8508880888
http://actvra.in/FX6

Camelot Park Home SalesCamelot Park house sales are weathering the falling real estate market better than most. With only three homes for sale in Camelot Park remaining, this Tallahassee neighborhood seems to have achieved a balance between supply and demand.

Unlike the majority of Tallahassee neighborhoods, Camelot Park house sales are having an "average" year. While this might not seem earth-shattering, remember the overall market is running at about 52% of its normal pace of home sales.

In the real estate graph above, we can see that distressed home sales account for far fewer than the 67% recorded in 2011, thus enabling home values to fall at the previous, gradual pace.

YTD Camelot Park House Sales

Thus far in 2012, there have been 9 Camelot Park house sales, which is about normal for this great in-town neighborhood.

YTD Camelot Home Sales

Camelot Park House Prices

The average price of a Camelot Park house is $151,000 through July of 2012, which is better than the $145K values seen last year when so many of the sales were distressed properties, but still 28% lower than Camelot Park house sales prices at the peak of the housing market.

Camelot Park Home Prices

Camelot Park House Values

Camelot Park house values are faring better than the market too. Thus far in 2012, the average Camelot Park house value has been $99 per square foot, down about 22% since the peak of the real estate market.

Camelot Park Home Values

 

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