May 2009 Market Report for Timber Pines, Spring Hill, FL

Timber Pines sales for single family homes and villas saw another decline in May over those for the previous month. Sales price ranges, median and average sales prices all decreased across the board. However, as a silver lining for the coming weeks, the total number of homes under contract remained stable.

With a total of 171 active listings, available homes decreased again over those from April.

Timber Pines is located off US 19 in Spring Hill, West Central Florida on the Gulf Coast of Florida, also called the "Nature Coast". Tampa International Airport is just a 45 min drive via the new Suncoast Parkway. The community is a 55+ Country Club community offering several golf courses, two community pools, Activities Center, Clubhouse, Performing Arts Center, as well as many social clubs and events.

1. Single Family Homes:

Sold May 2009: 3 (60% of April closed transactions)

Price Range: $112,000 - $120,000

Average: $115,667

Median: $115,000

Average Days on Market: 288

Currently Active Listings Single Family Homes: 100

Price Range: $94,900 - $399,000

Average: $160,979

Median: $151,900

Under Contract: 11

Pending: 10, Contingency Contracts: 1

Price Range: $140,000 - $225,000

2. Villas:

Sold May 2009: 6

Price Range: $105,000 - $140,000

Average: $125,417

Median: $130,000

Average Days on Market: 166

Currently Active Listings Villas: 71

Price Range: $72,000 - $185,000

Average: $127,515

Median: $129,000

Under Contract: 7

Pending: 5, Contingency Contracts: 2, Price Range: $83,000 - $215,000

Timber Pines: View across the Fairway at the Timber Pines Activity Center

Data derived from Hernando County MLS as of 6/4/09 and 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, 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!