Hernando Beach, FL

July 2009 Real Estate Market Report: Hernando Beach, Florida

Inventory of homes for Sale in Hernando Beach, Florida, remained stable in July. With seven closed transactions there was an increase over June; however, the number of properties under contract decreased. With 45 homes, the majority of the homes for sale in Hernando Beach, Florida are priced in the $200,000 to $400,000 range. Only eight are offered below $200,000 and 26 are offered above the $400,000 mark.

Hernando Beach is residential boating and fishing community offering a wide range of home styles along saltwater and freshwater canals as well as waterfront homes with frontage on the Gulf of Mexico. This community offers affordable waterfront living located just North of Tampa easily accessible via the Suncoast Parkway.

Active Listings: 80 (waterfront homes only)

Price Range:

$100,000 - $850,000

Median: $339,900

Average: $367,938

Sold July 2009: 7

Price Range:

$131,900 - $500,000

Of these sold homes, three were short sales and two were REOs or bank-owned properties.

Median: $234,343 Average: $155,500

Currently under Contract: 8

List Price Range: $119,777 - $315,000

Of these are four properties with contingency contracts and four with pending contracts. Of these homes under contract, three are short sales.

Data derived from the Hernando County MLS system as of 8/4/09, presumed to be accurate but not guaranteed.

---

If you are looking for waterfront property for personal or investment in Hernando and Pasco Counties including the communities of Hernando Beach, Weeki Wachee, Pine Island, and Hudson Beach and want to work with a local Realtor who knows these areas, please contact me.

Let me help you find your place in the Sun!

Let me help you find Your place in the Sun!

For more information about Hernando County Real Estate and Hernando Beach Waterfront Homes and Land for sale, please visit my website!

All content, including text, original art, photographs and images, is the exclusive property of Silvia Dukes, P.A. and may not be used without expressed written permission of Silvia Dukes, P.A. Copyright 2009.

Vacant land sales in the waterfront community of Hernando Beach, Florida, haven't been exactly booming in the last couple of years; however, since the beginning of 2009 here too, the market has finally seen more activity and sales.

There are currently 132 vacant lots available for sale in Hernando Beach ranging from $35,000 to $700,000 for a property with frontage on the Gulf of Mexico. Average list price is $160,905 and median list price is $141,200.

One property is currently under contract. Offered as a short sale with a list price of $150,000, it is a 7000 sf lot with seawall located on a wide saltwater canal in the direct access area of Hernando Beach.

Hernando Beach is a residential waterfront community along the Gulf of Mexico and consists of three distinct areas that are commonly identified by their Gulf access: Direct Access, Indirect Access Hernando Beach Central, and Indirect Access Hernando Beach South with the latter being the only deed-restricted neighborhood.

Sales Activity for January to June 2009:

1. All Hernando Beach:

Sold: 11

Price Range: $41,000 - $315,000

Median: $108,233

Average: $59,900

2. Hernando Beach Direct Gulf Access:

Sold: 3

Price Range: $101,000 - $315,000

Median: $300,000

Average: $238,667

3. Hernando Beach Central, Indirect Access:

Sold: 3

Price Range: $50,000 - $131,000

Median: $100,000

Average: $93,667

4. Hernando Beach South, Indirect Access:

Sold: 3

Price Range: $41,000 - $69,800

Median: $50,000

Average: $50,300

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

---

If you are looking for waterfront property for personal or investment in Hernando and Pasco Counties including the communities of Hernando Beach, Weeki Wachee, Pine Island, and Hudson Beach and want to work with a local Realtor who knows these areas, please contact me.

Let me help you find your place in the Sun!

Closed home sale transactions in the waterfront community of Hernando Beach, Florida, decreased slightly but remained steady in June 2009. Active listings also decreased with median list prices remaining stable and average prices slightly decreasing due to price reductions in the upper list price ranges.

Not surprisingly in the current market, the majority of properties sold in June were short sales or bank-owned properties as are those that are currently under contract.

Hernando Beach is residential boating and fishing community offering a wide range of home styles along saltwater and freshwater canals as well as homes with frontage on the Gulf of Mexico. This community offers affordable waterfront living located just North of Tampa easily accessible via the Suncoast Parkway.

Active Listings: 81

Price Range:

$65,000 - $875,000

Median: $299,900

Average: $346,477

Sold June 2009: 5

Price Range:

$126,500 - $395,000

Of these sold homes, three were short sales.

Median: $240,000 Average: $240,420

Currently under Contract: 11

List Price Range: $119,777 - $695,000

Of these are five properties with contingency contracts and six with pending contracts. Of these homes under contract, seven are short sales or bank-owned properties.

Photo above: View from Hernando Beach Public Boat Ramp down canal.

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

---

If you are looking for waterfront property for personal or investment in Hernando and Pasco Counties including the communities of Hernando Beach, Weeki Wachee, Pine Island, and Hudson Beach and want to work with a local Realtor who knows these areas, please contact me.

Let me help you find your place in the Sun!

There is a new house on our street! Preparations for its arrival began several weeks ago with extensive site preparations. You see, this Hernando Beach neighborhood is a waterfront community where all new homes have to be built on stilt foundations. Once the stilts are in place and the first floor foundation i.e. garage floor has been completed, it usually takes months for the actual home construction in the traditional way to be completed.

This was not the case today with the "new arrival". It rolled into town yesterday and the various pieces started being delivered to the site early this morning. Yes, this home is a modular home, built and put together in the controlled environment of a factory with final assembly on site.

This sounds pretty straight forward so far, except, this home had to be assembled 14 feet up in the air! Heavy machinery was already in place to take the home to its "new level".

Below, first section has been put in place, while the middle section is waiting for its turn.

Second section is in place allowing a glimpse into the interior of the home.

Cabinetry and appliances (!) including the refrigerator are already in place!

The last section of the home is lifted high up into the air...

... then turned and carefully set in place.

It's amazing how big machinery can perform such work of precision. Here, workers make sure the elements are coming together correctly. It's starting to look like a house, isn't it?

Finally, the roof ridge has been put on and the house has received some decorative dormers.

There is still some finishing work to be done but what started out this morning at 8 AM as just some stilt supports sitting on an otherwise empty lot has by 5 PM of the same day transformed into a very recognizable home!

Welcome to the Neighborhood!

---

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.