Shannon Forest (Tallahassee, FL)
By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
Similar to our recent report on Royal Oaks house sales, this report on Shannon Forest shows a significant spike in both house prices and house values.The Northeast Tallahassee real estate market is smoking hot right now, and the small neighborhoods along the Thomasville Road corridor are as hot as any you will find. Among them, Shannon Forest is an established performer among the top selling neighborhoods in Tallahassee.I believe buyers enjoy this subdivision due to popular school zones, great access to Tallahassee and I -10, as well as the fact that these houses have withstood the test of time (meaning it is a viable neighborhood that did not spring up overnight during the housing bubble).House values are still attractive, offering buyers properties well-below the cost of replacement. ...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
Located in Northeast Tallahassee adjacent to Killearn Estates along the Thomasville Road corridor, Shannon Forest is a hidden gem offering houses far below replacement cost in a highly desirable location in Tallahassee. If you are looking for a "best buy," Shannon Forest could be the "real deal." Values are still below $100 per square foot, which is crazy good for a house that would cost over $100 per square foot, plus land, to replace. In this report, we will look at prices, values, and sizes of houses in Shannon Forest, as well as show current listings in the Tallahassee MLS and all closed home sales going back to 2002. Shannon Forest House Prices For all of the real estate graphs found below, we have recorded the number of closed house sales for each year (blue columns, measured on t...
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