June 2009 Real Estate Market Report: Timber Pines, Spring Hill, FL

Timber Pines sales for single family homes and villas decreased again in June over those for the previous month. Sales price range for single family homes increased but decreased for villas. Median and average price levels responded accordingly with those for single family homes increasing and those for the villas decreasing. However, as in the previous month, the total number of homes under contract remained stable and marketing time for sold properties decreased. Overall inventory also slightly decreased with a total of 167 active listings.

Timber Pines is a 55+ Country Club community offering an active life style with several golf courses, two community pools, Activities Center, Clubhouse, Performing Arts Center, as well as many social clubs and events. The community is a gated community with an park-like ambience with 24-hour security.

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.

Photo below: Club House with restaurant, meeting facilities,

pool, and view of 1st hole of Championship golf course.

1. Single Family Homes:

Sold June 2009: 3

Price Range: $140,000 - $189,900

Average: $163,300

Median: $160,000 (almost 40% increase over May)

Average Days on Market: 112

Currently Active Listings

Single Family Homes: 98

Price Range: $89,900 - $399,000

Average: $149,900

Median: $155,930

Under Contract: 11

Pending: 9, Contingency Contracts: 2

Price Range: $114,900 - $225,000

2. Villas:

Sold June 2009: 3

Price Range: $89,000 - $128,000

Average: $110,167

Median: $122,500 (approx. 6% decrease over May)

Average Days on Market: 70

Currently Active Listings Villas: 69

Price Range: $72,000 - $180,000

Average: $127,500

Median: $126,091

Under Contract: 7

Pending: 5, Contingency Contracts: 2

Price Range: $109,900 - 154,900

Data derived from Hernando County MLS as of 7/5/09 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!