Homebuyers are returning to the Betton neighborhoods in
Tallahassee, which is no small wonder as this has always been a highly prized
location in Northeast Tallahassee.
There were nine home sales inÂ Betton in the month of July, a
record number that is unsurpassed going back 12 years.
The BettonÂ subdivisions include Betton
Place, andÂ Betton
Woods. For the most part, you can always find homes for sale in Betton Hills
and Betton Hills, as well as the higher priced Betton Woods. The other Betton
subdivisions are small enough that it is common to have no inventory
Our updated report on the Betton subdivisions shows all the
recent home sales that have consumed the majority of the distressed homes and
have returned this prominent area of Tallahassee to a vibrant real estate
Recent Homes For Sale In
Distressed home sales in the Betton subdivisions are nearly
non-existent, which is VERY rare for any neighborhood in the Tallahassee real
In the real estate
graph above, the number of home sales each month is measured on the left
vertical axis, while the ratio of distressed home sales to all Betton home sales
is shown on the right vertical axis. Arms length home sales are shown in green,
while the distressed sales (foreclosures, short sales, bank owned properties)
are shown in red.
I find it very promising that July recorded a 12+ year record,
but the most impressive aspect of this achievement is that all sales were
arms-length, meaning it was a "clearance sale" based record.
Homes For Sale In Betton Are
Home values in the Betton subdivisions are now similar to what
we saw in April of 2005. That's right, you can buy a home in a Betton
subdivision with near-record low interest rates at the same price you would have
paid in 2005!
Based on the home value trend in the graph above, I don't think
people sitting on the fence waiting to buy in Betton are going to benefit from
waiting any longer. If you would like help negotiating the best deal possible
for a house for sale in Betton, just drop me a note and we can
schedule a time to review supply and demand and ensure you know exactly what to
List Of More Than 400 Home Sales In