Summerbrooke House Sales
Our latest Summerbrooke House Sales report shows good news for homeowners in this popular NE Tallahassee neighborhood.
Demand has returned to levels last seen during the boom of the housing market, as buyers recognize great value.
Currently, there are 19 houses for sale in Summerbrooke, and here is what buyers can expect:
Summerbrooke House Sales On The Rise
Currently, the rate of house sales in Summerbrooke is just under four per month, which is consistent with sales levels from 2004 to 2007. This phenomenal rate of sales is likely due to the fallen home values and low interest rates, with buyers taking advantage of a limited time opportunity.
Summerbrooke House Sales Prices
The average sales price of a Summerbrooke house over the past year has been $345,000, or $351,000 if we omit the distressed home sales. Considering buyers were spending $100,000 more for the same houses just 6 years ago is reason enough for the new buying frenzy.
Summerbrooke House Values
Home values in Summerbrooke appear to be stabilizing, though arms length values are still falling. I believe the rise in distressed home values will impact existing home sales values, and we'll see an end to Summerbrooke depreciation real soon. The very reason that buyers are so active (home values have bottomed) is the reason that home sellers can start having hope.
Summerbrooke House Sales Map
The following map shows all of the houses for sale in Summerbrooke. If you want to know more about the home, simply click on the picture and the entire detail page will be revealed.
Summerbrooke Closed House Sales
I hope you were able to learn something from this Summerbrooke House Sales Report, please drop me a note if you have any other questions or concerns that I can help you with.
