The Glen Lakes Country Club Real Estate Market Report: September 2011

The Glen Lakes Country Club Real Estate Market Report: September 2011

The Glen Lakes Country Club community is one of the premier golf and country club communities in the Spring Hill and Weeki Wachee, Florida, area.

The Glen Lakes Country Club community is a deed-restricted and gated community located in Hernando County on the West Coast of Florida. The community offers 24 hour security, a beautiful clubhouse sitting high on a hill, tennis courts, swimming pool, fitness center, and pro shop.

The Glen Lakes golf course was designed by Ron Garl and offers a challenge to even the seasoned golfer. Many homes in Glen Lakes are located along the meandering golf course or back up to one of the many smaller lakes that can be found throughout the community.

Compared to the same time period in 2010 that saw a total of 29 sales, sales from January to September 2011 are slightly higher with 31 sales. The second quarter of 2011 was particularly strong.

Inventory of homes for sale in Glen Lakes has decreased from the beginning of the year. There are currently only 53 homes for sale in Glen Lakes down from over 80 at the beginning of the year. Median and average list prices have decreased as well.

Homes for sale in Glen Lakes range from smaller two bedroom homes and villas to large estate homes.

Homes Currently for Sale in Glen Lakes: 53

Range: $88,900 - $600,000

Median: $249,900

Average: $249,162

There are currently no foreclosure homes for sale in Glen Lakes and only four of the Glen Lakes homes for sale are offered as short sales.

Homes under Contract in Glen Lakes: 4

Glen Lakes Sales 2011

The table on the right shows the overall sales for 2011 to date as well as third quarter performance and Glen Lakes home sales for September 2011.

Median prices and average sales prices have increased throughout the year.

The lowest priced Glen Lakes home that sold in 2011 thus far was a 2 bedroom 2 bath maintenance free villa, built in 1990 with 1650 square foot of living area. It was a standard sale and buyers paid $68,000 cash.

The highest priced Glen Lakes home was a four bedroom, 3 bath home that was built in 2009 with 2748 living square foot. This home was offered as builders inventory and buyers at a list price of $420,000. Cash sales price was $350,000.

The majority of 2011 sales were cash purchases (21). Eight sales were financed through conventional loans, one buyer purchased their home with an FHA loan, and the remaining sale was private financing.

The Glen Lakes Golf and Country Club community is located in Weeki Wachee, Florida, near Spring Hill and just an hour drive north of Tampa. Tampa and Tampa International Airport are within easy reach via the Suncoast Parkway.

If you are looking to buy a home in an upscale golf course community, please contact me to find out about the homes for sale in the Glen Lakes Golf and Country Club community.

The Glen Lakes Country Club Real Estate Market Report: September 2011

Data derived from the Hernando County MLS as of 10/1/11 and believed to be accurated but not guaranteed.