October 2009 Real Estate Market Report: Hernando Beach, Florida - Direct Access to Gulf of Mexico

October 2009 Real Estate Market Report: Hernando Beach, Florida - Direct Access to 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 is the October 2009 market report for Hernando Beach Waterfront Homes located in those areas of the hernando Beach community that have direct boating access to the Gulf of Mexico.

The number of homes for sale in Herando Beach with direct Gulf access has remained stable. The list price range dropped significantly on the higher end resulting in a change in both median and average list prices, median upward, and average downward.

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

Hernando Beach Waterfront Homes Offered for Sale: 68

Price Range: $82,000 - $719,000

Median: $337,450

Average: $351,678

Hernando Beach Waterfront Homes Under Contract: 6

Price Range: $159,000 - $579,000

Median: $249,450

Average: $292,733

Four of the homes under contract are pending, the remaining two are under contract with contingencies. Four homes are offered as market listings, one is a short sale, and one is a foreclosure home.

Hernando Beach - Closed Transactions in October 2009: 2

Sold Property 1: A two-story stilt home, offered as a short sale at $190,000 sold for $165,000. Built: 1986 Bed/Bath: 2/2 Living SF: 1344 Waterfront: 50 ft on a saltwater canal

Sold Property 2: A one-story pool home, offered as a market sale at $239,900 sold for $225,000. Built: 1974 Bed/Bath: 2/1 Living SF: 1024 Waterfront: 54 ft on a saltwater canal

Hernando Beach is a residential waterfront community located in west central Florida along the coast of the Gulf of Mexico. Hernando Beach is within easy reach of the international airports at Tampa and Orlando as well as central Florida area attractions.

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