Avalon At Maclay: A Snapshot Of Tallahassee Housing
By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Recently, I’ve had a few people ask me about Avalon at Maclay and felt that it would make for a good blog post. This desirable Northeast Tallahassee neighborhood has seen the rise and fall of the housing market, with home values still falling from the peak of the market from just two years ago, making Avalon at Maclay “a poster child” for what is going on in Tallahassee. Thus far, single family detached homes in the Avalon (Villages at Maclay) have depreciated roughly 21% since the peak of the market in 2007, which is consistent with other areas of the Tallahassee real estate market. Home values were once trending nearly $170 per foot and have since dropped to just above $130 per foot. In the real estate graph below, the blue vertical bars show the trend of average monthly home sales in...
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