One Neighborhood That Defies Local Housing Market Trends

By
Real Estate Agent with Century 21 Manausa and Associates BK3009719
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

 

*** »»


Posted by


Joe Manausa, MBA
Century 21 Manausa & Associates

Subscribe To The Tallahassee Real Estate Newsletter
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the airplane to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Real Estate Market Trends
Location:
Florida Leon County Tallahassee Camelot Park
Groups:
Market Reports
Realtors®
Local Expert
BananaTude
Almost Anything Goes
Tags:
32301
tallahassee neighborhood
camelot park house tallahassee
camelot park tallahassee

Comments 0 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the house to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the music-note to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
739,142

Joe Manausa

Tallahassee Real Estate
Looking for Tallahassee Real Estate?
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the house to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information