September 2009 Real Estate Market Report: Hernando Beach, Florida - Hernando Beach South

September 2009 Real Estate Market Report: Hernando Beach, Florida - Hernando Beach South

This market report concerns Hernando Beach South, the only deed-restricted neighborhood in the waterfront community of Hernando Beach, Florida. Neighborhoods in Hernando Beach, Florida, are characterized by their boating access to the Gulf of Mexico.

The direct access areas are located in the northern parts of Hernando Beach and include all of the area north of Companero Entra. The southern areas are Hernando Beach Central and Hernando Beach South which require boaters to use a boatlift to gain access to the canals leading to the Gulf of Mexico.

This real estate market update of waterfront homes for sale in Hernando Beach covers the most southern area of Hernando Beach, Hernando Beach South. This subdivision is a non-gated but deed-restricted community located on wide and deep fresh water canals. There is a private community boat ramp available to residents only.

Inventory of homes for sale in Hernando Beach South remained stable; however, average and median list prices have dropped indicating price reductions in the homes for sale inventory. One home was sold in this neighborhood during September and there are none currently under contract.

Please also read the market reports for the Hernando Beach direct access neighborhood and the Hernando Beach Central neighborhood of this fine waterfront community.

Offered for Sale: 16

Price Range: $164,900 - $550,000

Median: $348,388

Average: $339,330

Sold in September 2009: 1

A two bedroom, 2 bath, two-story stilt home with 1597 living sf sold for $165,000 CASH after 84 days on the market representing 75% of the asking price.

Sales Data derived from Hernando County MLS as of 10/15/09, believed to be accurate but not guaranteed.