October 2009 Real Estate Market Report: Glen Lakes Golf and Country Club Community, Weeki Wachee, Spring Hill, Florida

The number of Homes for Sale in the Glen Lakes Golf and Country Club Community increased once again with the price range expanding downward but remaining stable at the upper end resulting in a decrease in both average and median prices.

Three of the Glen Lakes homes that were under contract in September closed in October which currently leaves only one home under contract in the Glen Lakes Golf and Country Club Community.

Glen Lakes Golf and Country Club is an upscale gated community with 24-hour security located on the west coast of Central Florida with easy access to Tampa and Orlando.

The community offers many amenities including an elegant club house with restaurant and banquet facilities, tennis courts, fitness facilities, community pool.

Offered for Sale: 83

Price Range: $75,000 - 539,999

Median: $269,000

Average: $287,220

Under Contract: 1

Price: $249,000

This property is a 3 bedroom, 3 bath, 2 car garage pool home, built in 1993 with 2649 living square foot and 3563 total square foot under roof.

Sold in October 2009: 3

Price Range: $235,000 - $415,000

Sold 1: $235,000 was the sales price for a 3 bedroom, 3 bath pool home, built in 1995 with 2423 living square foot and 3416 total square foot. This home is located on one of the lakes within the Glen Lakes community. Conventional loan financing.

Sold 2: $370,000 Cash bought a 3 bedroom, 2 bath pool home also located on one of the lakes in the community. This home was built in 2006 and has 2303 living square foot and 3500 total square foot.

Sold 3: $415,000 Cash sealed the deal for a 3 bedroom, 3 bath pool home located on a golf course lot. This was also a newer home built in 2007 with 2678 square foot living and 3633 total square foot.

Sales Data derived from Hernando County MLS as of 11/3/09, believed to be accurate but not guaranteed.

Please also see the previous reports for the Glen Lakes Golf and Country Club community:

September 2009

August 2009

July 2009

2008 in Review