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The number of home sales in Piney Z has been monitored for the last two years and it is said that its number of sales has been continuously increasing every month, which includes home prices and home values, knowing that the home prices and home values in Piney Z are established to be in the bottom sales last 2012, but now, they have been nicely moving up.
As one of the top selling neighborhoods in Tallahassee (along with Southwood, Killearn Lakes Plantation, Killearn Estates, and Bull Run), we keep a close eye on Piney Z Plantation to gain insight on changing trends for the entire Tallahassee real estate market.
With a value of $112 per square foot and average sales price of $212,500, Piney Z has sold 51 homes last 2013. Knowing that it is desirable to live in the Tallahassee neighborhood, you can already avail a house sizing 1,899 square foot for just over $210,000.
As of now, the number of homes which are for sale in Piney Z reaches up to 17 and those that are priced and marketed well will sure be sold out soon.
Back in 2012 Piney Z has been hitting low in the market knowing that they can only sold two home sales per month, however, their sales has been rising and they can now sell above four home sales per month.
Even though the Piney Z has hit the market low last December, the home value still continues to increase. Distressed properties sales have declined greatly, allowing arms length homes to gain more traction in the market.
Knowing that the home prices are found to be in the bottom back in January of 2013, the home prices continue their recovery. As of December of 2013, the average length sales price of homes in Piney Z is approximately $214,000, however, the homes which are slightly distressed are sold for an average of $199,000.
The impact on “average” will greatly decrease due to the number of the slightly damaged home n Piney Z that are still available, thus it made the prices in 2014 to go higher.
The information being provided by the Tallahassee Board of REALTORS(R), Inc. is exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Even though the MLS stated that all of the datum are not guaranteed to be accurate, they are still somehow, reliable.
I hope you were able to learn something from this Piney Z Home Sales Report.
Joe Manausa, MBA is a 26 year veteran of real estate brokerage in Tallahassee, Florida and has owned and managed his own company since 1992. He is a daily blogger with content that focuses on real estate analytics and providing his clients with a tactical advantage in today’s challenging market.
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