September Real Estate Market Report: Hernando Beach, Florida - Direct Access to Gulf of Mexico

This is the September 2009 market report for Hernando Beach Waterfront Homes located those areas of the community that have direct boating access to the Gulf of Mexico.

Hernando Beach Waterfront Homes Offered for Sale: 68

Price Range: $82,000 - $850,000

The lowest priced home in Hernando Beach, Florida, is a home that is severely fire damaged. It is offered as a short sale.

Median: $337,300

Average: $359,540

Average Days on Market: 275

Hernando Beach Waterfront Homes Under Contract: 8

Price Range: $150,000 - $579,000

Median: $209,500

Average: $255,225

Average Days on Market: 91

Among the homes under contract, five are short sales, one is a foreclosure home, and two are offered as market listings.

Closed Transactions in September 2009: 3

Sold Property 1: A two-story stil home, offered as a short sale at $150,000 sold for over list price at $175,000. This was a CASH purchase without seller concessions. Built: 1981 Bed/Bath: 2/3 Living SF: 900

Sold Property 2: A three-story stilt home, offered as a short sale at $274,500 sold for $220,000 CASH after total of 395 days on the market. Built: 2004 Bed/Bath: 4/2 Living SF: 1696 Total SF: 3536

Sold Property 3: A three-story stilt home with Pool, offered at market value for a list price of $695,000 sold for $550,000 with conventional financing after 226 days on the market. Built: 2207 Bed/Bath: 3/2 Living SF: 2649 Total SF: 5273.

Sales Data derived from Hernando County MLS as of 10/2/09, believed to be accurate but not guaranteed.

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