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The number of home sales in Piney Z has been growing steadily each month over the past two years, and home values and home prices have moved up nicely from a bottom established at the end of 2012.
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. Which means, if you have over $210K, you can already avail a house which has a size of 1,899 square foot, knowing that it is highly desirable in the Tallahassee neighborhood.
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.
After hitting a market low of just over two home sales per month back in 2012, Piney Z Plantation has seen sales rebound above four home sales per month, and the current rate of sales is still rising.
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. Currently the average arms length sales price of a home in Piney Z is around $214,000, while the distressed homes have 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.
All of the information given above can be used to identify prospective properties consumers may be interesting in purchasing or it can just be used personally by the consumer, or he may even use it for non-commercial uses. 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 has been known to be a real estate broker veteran because he has been working on his company and he has managed it very well since 1992. Joe Manausa also provides his clients sufficient knowledge about what is happening in today’s market by putting information about reak estate analytics on his blog since he is also a blogger.
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