Hernando County Real Estate Market Report: July 2009

Hernando County Real Estate Market Report: July 2009

The number of Homes for Sale in Hernando County has again decreased. Closed home sales remained stable and homes under contract decreased just slightly. The sales price range expanded in both directions in the month of July which caused both median and average prices to increase.

Of the homes sold in July, 28 were short sales and 65 were REO or bank-owned properties, and the remaining 88 sales were "regular" sales.

The most sales transactions took place in price ranges up to $200,000. Total sales transactions break out as follows:

Up to $99,999: 62 sales

$100,000 - $199,999: 100 sales

$200,000 - $299,999: 11 sales

$300,000 - $399,999: 5 sales

$400,000 - $499,999: 1 sale

$500,000 and above: 2 sales

Hernando County Market Report

1. Homes:

Active Listings: 2322

Sold July 2009: 181 (up one from June 2009)

Price Range: $15,000 - $512,500

Median: $109,000

Average: $123,347

Average Days on Market: 118

Currently under Contract: 481

2. Vacant Land

Inventory of Vacant land for sale has also slightly decreased again. In July there were only four closed vacant land sales. The lowest price of $10,000 was achieved for a 10 acre tract of land, the highest price was for a 28 acre orange growth.

Active Listings: 1902

Sold July 2009: 4

Price Range: $10,000 - $550,000

Median: $21,000

Currently Under Contract: 24

Data derived from Hernando County MLS as of 8/2/09, believed to be accurate but not guaranteed.

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If you are thinking about buying a home or land for personal or investment use, or you are thinking about selling in Hernando County, Florida, including the communities and neighborhoods of Hernando Beach, Weeki Wachee, Pine Island, Brooksville and Spring Hill, Glen Lakes, Timber Pines, Silverthorn, Seven Hills, Sterling Hill, Pristine Place, and Southern Hills Plantation and you want to work with a local area Realtor who knows these neighborhoods please contact me.

Let me help you find your place in the Sun!

All content, is the exclusive property of Silvia Dukes, P.A., and may not be used without the expressed written permission of Silvia Dukes, P.A., Tropic Shores Realty, Spring Hill, Florida. All information is believed to be accurate but is not warranted, Copyright 2009.