October 2009 Real Estate Market Report: Hernando Beach, Florida - Hernando Beach Central

October 2009 Real Estate Market Report: Hernando Beach, Florida - Hernando Beach Central

Prices for Hernando Beach Florida homes for sale have dropped and consequently, the different Hernando Beach neighborhoods are seeing more activity as evidenced in higher numbers of properties under contract. This is true for the central neighborhood of the Hernando Beach waterfront community which can look forward to some closed transactions before the end of the year.

Hernando Beach, Florida, is a waterfront community located along the west coast of central Florida just north of Tampa. This community offers a wide range of homes located on saltwater and freshwater canals.

This real estate market update covers the central section of Hernando Beach, Florida. This area is not gated nor deed-restricted, homes are located on wide and deep freshwater canals. Boaters use a boat lift to gain access to the Gulf of Mexico, thus the area is also referred to as an "indirect Gulf access" neighborhood.

Inventory has only increased slightly in the last month with the price range remaining the same but with median and average list prices declining indicating that the new listing additions are in the lower price ranges.

Please also read the market reports for the neighborhoods of Hernando Beach with direct Gulf access and the Hernando Beach South subdivision.

Offered for Sale: 11

Price Range: $169,000 - $479,000

Median: $259,000

Average: $280,236

Under Contract: 4

Price Range: $159,900 - $243,000

Median: $187,450

Average: $194,450

One of these properties is under contingency contract, the other three are pending.

One property is offered as a short sale, one as a foreclosure, the remaining two are market sales.

Closed Transactions in October 2009: None

Sales Data derived from Hernando County MLS as of 11/8/09, believed to be accurate but not guaranteed.