Bull Run Recent Home Sales for the First Quarter 2014.

Bull Run is one of Tallahassee’s newer neighborhoods.  Located along Kerry Forest Parkway, it’s just minutes away from several shopping centers, and great restaurants.  Bull Run recent home sales have remained strong.  Let’s look at the numbers. 

Bull Run Recent Home Sales First Quarter 2014

--Average Sale Price    $285,796  
--Median Sale Price     $289,900
--List/Sold Price Ratio        99%
--Highest Sale Price     $340,450
--Total Home Sales               13

The average sale price of $285,796 was up 7% over 2013.  That’s a great gain!  And the high sale price of $340,450 was much higher than the 303,000 price logged last year.

Of the 13 Bull Run homes that sold, 11 were 4 bedroom homes, which seem to be strongly preferred by buyers in todays market.  None of the homes had pools, which are not very sought after in Tallahassee’s mid-price ranges.  Eight of the Bull Run recent home sales were new construction.  The smallest home sold was a 1,701 square foot home built in 2011 that went for a whopping $161 per square foot!  It was in great shape!

Looking ahead, there are 11 Bull Run homes currently under contract, so buyer demand remains strong.  These sales will close in May and June, so we’ll add these to the second quarter Bull Run recent home sales.  We expect home sale conditions to remain strong! 

Zip code 32312 homes values are the highest for any zip code in Tallahassee largely due to the upscale neighborhoods in the area such as Bobbin Trace, Ox Bottom, Summerbrooke, Highgrove, Golden Eagle and Rosehill to name a few.  How is this area doing compared to last year's home values?

32312 home sale prices have leveled off or fallen slightly compared to the same time last year.  The median sales price of all 32312 sales this year is currently $247,500, whereas last year at this time it was $270,000.  The total volume of sales this year is $31.6 million; last year to date it was $33.0 million.  We'll keep checking in to see how home sales and 32312 home values continue to do throughout 2014.