Southwood Tallahassee • Listings And Sales Report Feb 2020
Southwood Tallahassee • Listings And Sales Report Feb

Southwood Schools

Southwood is home to two very popular schools, Florida High and John Paul II (Catholic High School), while the Leon County schools that service Southwood includes:

In this report, we will look at average home prices, home values, and home sizes in Southwood, as well as a table of the most recent 1,000 closed home sales in Southwood.

For the real estate graphs found in this report, you will find the number of closed home sales for each year (red columns, measured on the left vertical axis), and an important real estate statistic shown in blue (measured on the right vertical axis).

It is important to note that the narrative contained below is for sales through December for all previous years, but through three weeks of February in 2020. The graphs and the closed sales table will be continuously updated into the future (meaning bookmark this page if you always want to know the current status of homes in Southwood).

Southwood Home Prices

Average home prices in Southwood fell in 2019 but have returned to 2018 levels already. Why the dip in prices? The answer follows in the rest of this report as we compare “apples with apples”.

Thus far in 2020, the average price of a home sold in Southwood has been $353K.

Activity in Southwood is still blistering hot. Currently, there are 41 homes for sale in Southwood and 21 (51%) already have contracts with buyers.

Southwood Home Values

Average home values in Southwood moved about 5% higher in 2019, though there were two factors aiding this beyond just real estate appreciation.

The average value of a home sold in Southwood in 2019 was $161 per square foot. As you will see below with the graph of home sizes, smaller homes sold last year (the smallest average home size on record for Southwood). When all else is equal, smaller homes sell for more dollars per square foot than do larger homes due to the high-cost items in the home being divided by a smaller denominator.

Additionally, more new construction sales entered the market (new homes typically sell at values considerably higher than existing homes sell). In 2019, nearly 29% of all sales were new construction homes.

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