Learn About Homes In Piney Z
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.
By the end of 2013, it has been recorded that Piney Z has sold 51 homes with an average sales price of $212,500 and the price per square foot has a value of $112. That means you are getting a 1,889 square foot home for just over $210K in a highly desirable NE Tallahassee neighborhood.
Currently, there are 17 homes for sale in Piney Z, and those that are priced well and marketed well are selling fast.
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. 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.
With the falling number of distressed properties available in Piney Z, their impact on the “average” will be greatly reduced, likely allowing prices to go higher in 2014.
All of the information given are for either the consumer’s personal use or non-commercial use and it can even identify prospective properties consumers who are interested in buying. However, all of the datum given are not guaranteed to be accurate by the MLS but you can still rely on them.
We really hope that this article serves its purpose well, which is to give you information about Piney Z, so that it would help you buy your own property.
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 is also a blogger wherein his blogs provide contents which is all about real estate analytics thus, providing all his clients an advantage on what is happening to the market.
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