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

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

This market report covers the neighborhood of Hernando Beach South, the only deed-restricted neighborhood in the waterfront community of Hernando Beach, Florida.

Homes in this neighborhood are located on fresh water canals and boaters can use a boat lift to gain access to salt water canals that lead to the open waters of the Gulf of Mexico. There is a private boat ramp for use of residents of Hernando Beach South to launch boats into the canals of the community.

Inventory of homes for sale in Hernando Beach South remained stable with average and median list prices slightly on the increase. There were no sales in Hernando Beach South during October but one property went 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: $377,777

Average: $341,085

Sold in October 2009: None

Under Contract: 1

Offered as a short sale, list price: $289,000, under contract awaiting third party approval.

Sales Data derived from Hernando County MLS as of 11/2/09, believed to be accurate but not guaranteed.