About Hernando County, FL

Glen Lakes is an upscale Country Club Community located on the west coast of Central Florida just north of Tampa and west of Orlando. This gated community offers 24-hour security, an elegant clubhouse with restaurant, fitness facilities, tennis courts, a beautiful community pool, and more. Glen Lakes offers homes in a variety of styles and sizes many with golf course frontage or beautiful lake views.

Home inventory in Glen Lakes remained stable this last month and list price range remained the same. However, average and median price ranges both decreased, with median list price being 12% and average list price being 7.5% below those in May.

Offered for Sale: 76

Price Range: $99,900 - 600,000

Median: $281,750

Average: $292,743

Under Contract: 4

Two of these are under contingency contracts, the other two are pending. Only one of these properties is a short sale, the others are being sold as "regular" sales.

There were no closed sales transactions in the Glen Lakes community in June 2009.

Sales Data derived from Hernando County MLS as of 7/5/09, believed to be accurate but not guaranteed.

---

For more information about Glen Lakes or the country club communities of Silverthorn, Timber Pines, Seven Hills, or Southern Hills Plantation in Hernando County, Spring Hill, and Brooksville, 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. Copyright 2009.

Home inventory decreased again in Hernando County. Closed home sale transactions in Hernando County took a small dip in June and were down about 9% over those from May. Yet, number of homes under contract increased over those in May.

Of the homes sold in June, 20 were short sales and 64 were REO properties. Of the homes currently under contract, nearly 60% are either offered through short sales or are bank-owned properties. Sales price range expanded in both directions; however, median and average prices remained under pressure and decreased over May data.

Inventory of Vacant land has also dropped. However, after the "land rush" in May, closed transactions decreased by 50%. Yet, these numbers are still an improvement over those of previous months. The highest sales price was achieved for a 40-acre property. Median and average sales prices decreased and the number of vacant land under contract remained stable.

The availability of good building lots is still plentiful and prices have become once again affordable. Whether for investment purposes or future retirement plans, interested buyers have an opportunity to pick from the best at very attractive prices.

Hernando County Market Snapshot

1. Homes:

Active Listings: 2370

Sold June 2009: 180

(approx. 9% decrease from May 2009)

Price Range: $20,900 - $430,000

Median: $100,000

Average: $110,778

Average Days on Market: 113 (decreased 14 days)

Currently under Contract: 490 (2% increase)

Active Listings: 1931

Sold June 2009: 14

Price Range: $4,000 - $260,000

Median: $10,000

Average: $36,314

Average Days on Market: 217

Currently Under Contract: 23

Data derived from Hernando County MLS as of 7/2/09, believed to be accurate but not guaranteed.

---

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.

There is much talk and even more questions about the first time homebuyers tax credit program. As part of the stimulus plan, Congress passed legislation earlier this year to grant tax credits up to $8000 to first-time homebuyers:

• 10% tax credit on the purchase price of a home not to exceed $8000.
• For example, a homebuyer who purchased a home for $69,000 will receive a $6,900 refund, a buyer who purchased a home for $100,000 will receive a $8,000 refund.
• Any type of home will qualify, i.e. single family, condos, townhomes, as long as they are being used as a primary residence.
• The home has to be purchased and ownership has to be transferred by December 1, 2009!
• To qualify as "first-time homebuyer" the buyer or his/her spouse may not have owned a home during the three years prior to purchasing.
• There are income limits: $75,000 annual income for single buyers, $150,000 annual income for married buyers.
• There are discussions about extending the program and also allowing the tax credit to be used as a downpayment. Please call me if you would like to know more.

Here is the best part: The tax credit does NOT have to be repaid!

What are you waiting for? Call me for more information!

---

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!

Here is a community that has the spirit and knows how to put on a Independence Day celebration! For the third year in a row, I was able to participate in the High Point 4th of July parade - this year as a driver.

The posting of the colors was conducted by members of the American Legion. The crowd gathered in the community center for good old fashioned hot dogs, cookies, cupcakes, and the singing of patriot songs!

Happy 4th of July!

---

High Point is an active, age-restricted, gated community offering affordable living. Amenities include a private golf course, club house, pool and tennis facilities. If you would like to find out more about High Point or other communities in Spring Hill, Florida, please contact me.

Let me help you find your Place in the Sun!

Finally, our area is getting some much needed rain! I walked by the window last night when I noticed this little gecko clinging to the window pane. Only when I looked at the photo later did I notice the big dark storm cloud in the background.

---

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!