Hampton Creek (Tallahassee, FL)
By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
Born during the craziest days of the housing market boom (expansion), Hampton Creek offers both single family detached houses and townhouses at prices very close to the median in Tallahassee.You can find Hampton Creek on the Southeast side of Tallahassee on Apalachee Parkway just beyond Conner Blvd., with newer houses built from the 2005 through 2012. "New" was very exciting and trending in 2005, but today's value buyers are not as excited with the bells and whistles of an almost-new house as they were during the height of the housing market bubble.Just as we have reported for other "boom neighborhoods," there will be natural move cycles hitting many of the house owners in Hampton Creek right about now, so the likelihood of pent-up supply is stronger here than in many older neighborhood...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
Located on the SE side of Tallahassee out Apalachee Parkway just beyond Conner Blvd., Hampton Creek offers and assortment of newer townhouses and single family detached homes. Hampton Creek has Houses built from the 2005 through 2012, with the types of amenities that attracted buyers willing to pay for the bells and whistles of a new house at the height of the housing market bubble and then during its collapse. Just as we have reported for other "boom neighborhoods," it also means that there will be natural move cycles hitting many of the homeowners here at the very same time. Hopefully the market will recover enough to take them in stride. In this report, we will look at prices, values, and sizes of Houses in Hampton Creek, as well as show current listings in the Tallahassee MLS and al...
Comments 4
By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
Hampton Creek is another Tallahassee neighborhood that was born during the boom of the housing market, thus we expect a growing mass of frustrated home sellers to be entering the market over the next five years. Boom neighborhoods (neighborhoods in Tallahassee that commenced sales from 2000 to 2006) are more susceptible to problems due to the number of homeowners whose move cycle will hit at the same time, and Hampton Creek certainly fits this definition. Historically, the average move time for a Tallahassee homeowner is five to seven years, so neighborhoods who begin during this time frame will have a lot of people needing to move. Additionally, these neighborhoods often have many remaining developed lots, thus the builder/developer is losing money by holding on to them in his or her p...
Comments 4
Tallahassee, FL Real Estate Professionals