Woodbriar (Tallahassee, FL)
Woodbriar (Tallahassee, FL) Real Estate News
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New Neighborhoods See Large Threat Of Boom To Bust
Joe Manausa, Tallahassee Real Estate (Joe Manausa Real Estate)

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The Tallahassee neighborhoods that were created during the housing boom are faring the worst during the correction of the housing market, and Woodbriar provides a vivid example of what can happen when everybody buys at the same time in a community.

The demographic group that comprises the Woodbriar neighborhood in Tallahassee historically owns their home for 5 to 7 years, and that means this 2005 neighborhood is loaded with people who have already sold or are needing to sell a home.

Unlike established neighborhoods (for example, we reviewed Killearn Estates yesterday), new neighborhoods have patterned behavior that can be very costly during a housing market correction. With many of the homeowners needing to sell, we have seen Woodbriar home values decline by an average of 55% since the peak of the market.

Woodbriar Home Sales

When we look at the overall housing market in Woodbriar, we see that home prices have dropped from a peak of $167K in 2006, down to $77K thus far in 2011. This represents a drop of 54% and the trend is still heading downward.

Average Home Price In Woodbriar

Average Home Values In Woodbriar

Home values in Woodbriar have dropped one percent more than home prices at 55%, with values in 2006 at $126 per square foot recently selling at $57 per square foot. With the current state of the market as it is, this kind of pricing pressure will not let-up any time soon. If you notice the red bars in the graph above (representing distressed property sales in Woodbriar), then you will understand the significant value decline that we see in the real estate graph below.

Average Home Value In Woodbriar

Single Family Home Sales In Woodbriar

There are two different property types in Woodbriar, single family detached homes and town homes, so it makes sense to evaluate them separately to discover how each are performing. The real estate graph below shows that single family detached home sales have fallen 37% in value and thus far in 2011 we have only seen short sales and foreclosures selling in Woodbriar.

Woodbriar Single Family Home Sales

Townhouse Sales In Woodbriar

As with the rest of the Tallahassee real estate market, town house sales in Woodbriar are doing far worse than single family detached home sales. Woodbriar town home sales are down 59% in value, and like their single family detached home counterparts, only the distressed properties have sold in 2011.

Woodbriar Townhome Sales

Woodbriar Report Has Hidden Lessons

As I was preparing the list of recent home sales in Woodbriar (see below), it reminded me how important a great buyer’s agent is during the purchase of a home. Scroll down the list of sales and see if a few “jump out at you” in terms of what the buyer paid, despite the clear evidence of lower values in the market. Having somebody with a lot of experience and great analytical skills will prevent you from over-paying in a market that is loaded with great buying opportunities.

List of Recent Home Sales In Woodbriar

Joe Manausa, MBA
Joe Manausa Real Estate
www.manausa.com
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Florida Short Sale Preforeclosure
Mike Carlos, Realtor, Tallahassee FL (Keller Williams Town & Country Realty)
Team Carlos, Realtors | Keller Williams Realty | (850) 583-1919
3395 Woodbriar Lane, Tallahassee, FL
Short walking distance from pond!!
3BR/2BA Single Family House
offered at $120,000
Year Built 2005
Sq Footage 1,375
Bedrooms 3
Bathrooms 2 full, 0 partial
Floors 1
Parking 1 Car garage
Lot Size .13 acres
HOA/Maint $35 per month

DESCRIPTION

Cute 3/2, Minutes from I-10, Lots of light, Open floor plan, Tile located in Kitchen and bathrooms. Carpet located in Bedrooms, Living Room, Family Room, and Hallway. Baseboards and Vaulted ceilings throughout home. Lots of Room for storage, including a pantry in Kitchen. French doors located in Kitchen that overlook backyard patio, and French doors located in Family Room/Den that open to Living Room.Must See!!

see additional photos below
PROPERTY FEATURES

- Central A/C - Central heat - High/Vaulted ceiling
- Tile floor - Family room - Living room
- Dining room - Dishwasher - Stove/Oven
- Microwave - Laundry area - inside - Balcony, Deck, or Patio

ADDITIONAL PHOTOS


Photo 1

Photo 2

Photo 3

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Photo 6
Contact info:
Team Carlos, Realtors
Keller Williams Realty
SL 3037570
(850) 583-1919
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Jun 10, 2010, 7:30am PDT

 

 

Mike Carlos-Realtor
Short Sale & Foreclosure Specialist
Team Carlos, Realtors
 Tallahassee's #1 Short Sale Team Keller Williams Town & Country Realty
(850) 583-1919
Mike@TeamCarlos.info
www.TeamCarlos.info

 

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3303 Sugar Berry Way, Tallahassee, FL - GREAT DEAL for INVESTORS!
Eva Armstrong, Environmental Visions (Environmental Visions)

environmentalvisions       3303 Sugar Berry Way- At only $88,500, this is a short sale for a 3 bedroom - 3 bath townhouse - great

rental potential close to FSU, FAMU & TCC in Tallahassee, FL.

                                       environmentalvisions

built in 2005, 1300 sq ft, needs some cosmetic repairs (carpet, paint, etc) and price lowered accordingly.

                                           environmentalvisions 

 Townhouse comes with attractive wood cabinets, contemporary light fixtures, Corian counter tops, bar for eating and

      entertaining between kitchen and living room, and separate dining area.

 Good investment for student rental or resale to family.

                                                  Don't let this one get away!

 

 

 

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3299 Sugar Berry Way, Woodbriar, Tallahassee Real Estate
Carol Palacios (Century 21 Manausa & Associates)

Details Photo Gallery View Rooms
32303-Tallahassee (Wood Briar) MLS #187987 FOR SALE
$114,900

Century 21 First Realty
Joe Manausa - Tallahassee Real Estate
Email Joe Manausa -


Work: 850-386-2001
Cell: 850-523-6178
Fax: 850-383-6400
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Details
Address: 3299 Sugar Berry Way Type: Residential Style: 2 Story Bedrooms: 3 Bathrooms: 3 Suite: No Living Area: 1,338 square feet Year Built: 2005
More Details
Description
SHORT SALE! All offers pending lien holder's approval- pricing pre-authorized by lender! In town location close to universities, downtown and shopping areas. unit is tenant occupied.
More Description

Brokered and Advertised by Century 21 First Realty LID 1928857
Information is deemed to be correct but not guaranteed.
check out the Tallahassee Real Estate Reports Tallahassee Real Estate Blog
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3281 & 3283 Woodbriar Lane, Tallahassee Real Estate
Carol Palacios (Century 21 Manausa & Associates)

Details Photo Gallery View Rooms
32303-Tallahassee (Wood Briar) MLS #186962 FOR SALE
$168,000

Century 21 First Realty
Joe Manausa - Tallahassee Real Estate
Email Joe Manausa -


Work: 850-386-2001
Cell: 850-523-6178
Fax: 850-383-6400
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Details
Address: 3281 Woodbriar Type: Residential Style: Single Story Bedrooms: 3 Bathrooms: 2 Suite: No Living Area: 1,249 square feet Year Built: 2006
More Details
Description
FANTASTIC PRICE (BELOW PURCHASE PRICE) & NOT A SHORT SALE! LIKE NEW HOME GREAT FOR 1ST TM HM BUYERS, RETIREES, STUDENTS (7.5 miles to FSU/TCC), OR NEW FAMILY. HOA COVERS LAWN CARE & N-BORHOOD HAS STREET LTS. PLENTY OF PARKING. HM HAS PRETTY RED BRICK & CHERRY CABINETS. CARPET LIKE NEW. HM WARR 4 BUYER. (3283 ALSO 4 SALE –SAME PRICE)
More Description

Brokered and Advertised by Century 21 First Realty LID 1871265
Information is deemed to be correct but not guaranteed.
check out the Tallahassee Real Estate Reports Tallahassee Real Estate Blog
No image s
3133 Sawtooth Drive, Wood Briar, Tallahassee Real Estate
Carol Palacios (Century 21 Manausa & Associates)

Details Photo Gallery View Rooms
32303-Tallahassee (Wood Briar) MLS #186498 FOR SALE
$119,000

Century 21 First Realty
Joe Manausa - Tallahassee Real Estate
Email Joe Manausa -


Work: 850-386-2001
Cell: 850-523-6178
Fax: 850-383-6400
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Address: 3133 Sawtooth Drive Type: Residential Style: Single Story Bedrooms: 3 Bathrooms: 2 Suite: No Living Area: 1,338 square feet Year Built: 2005
More Details
Description
Awesome investment opportunity as rental or first home. Priced below market value, this relatively new 3/3 townhouse has easy access to colleges and shopping. 2 bedrooms upstairs & 1 down, each with its own bathroom, giving plenty of privacy & convenience for everyone.
More Description

Brokered and Advertised by Century 21 First Realty LID 1847131
Information is deemed to be correct but not guaranteed.
check out the Tallahassee Real Estate Reports Tallahassee Real Estate Blog
No image s
3369 Sawtooth Drive, Woodbrair, Tallahassee Real Estate
Dave Peeples (Century 21 First Realty)

Details Photo Gallery View Rooms
32303-Tallahassee (Wood Briar) FOR SALE
$120,000 Short Sale!!

Century 21 First Realty
Joe Manausa - Tallahassee Real Estate
Email Joe Manausa -


Work: 850-386-2001
Cell: 850-523-6178
Fax: 850-383-6400
More Photos(12)
1

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Details
Address: 3369 Sawtooth Drive Type: Residential Style: 2 Story Bedrooms: 3 Bathrooms: 3 Suite: No Living Area: 1,338 square feet Year Built: 2005
More Details
Description
Multiple offers above the list price have already been submitted. Bank will continue to take offers. Incredible investment opportunity with built-in equity! Priced way below seasonal values for this area. Lovely 3/3 townhome with easy access to colleges. Pristine condition and convenient layout for roommates/tenants/small family.
More Description

Brokered and Advertised by Century 21 First Realty LID 1653477
Information is deemed to be correct but not guaranteed.
check out the Tallahassee Real Estate Reports Tallahassee Real Estate Blog
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