Home values in Summerbrooke continued to decline in 2012, but sales were more brisk than they had been in the year prior.
The real estate graph at the right shows that distressed home sales are up, with thirty percent of all home sales being short sales, foreclosures, or bank owned homes.
Nevertheless, the rise in home sales is good news for residents of popular Northeast Tallahassee neighborhood, but many more are needed.
Currently, there are 19 homes for sale in Summerbrooke in the Tallahassee MLS.
Home values declined 3.3% in 2012, which is slightly worse than the overall Tallahassee housing market average.
It is highly likely that we will see Summerbrooke home values decline in 2013, as distressed properties for sale will continue to create pricing pressure on all Tallahassee home sales.