Silvia Dukes, BSBA, CIPS, TRC, SFR, AHWD,

January 2010 Real Estate Market Report: Glen Lakes Golf and Country Club Community, Weeki Wachee, Spring Hill, Florida

Home sales activity in January 2010 in the in the Glen Lakes Golf and Country Club Community increased considerably with eight properties going under contract. Compare this to November when there where no homes under contract.

Inventory of homes for sale in Glen Lakes has decreased to 74 homes total. Currently only one of the homes offered for sale in the Glen Lakes community is offered as a foreclosure/REO home. Average and median list prices remained stable with only slight adjustments.

January 2010 saw an increase in home sales in Glen Lakes with six closed transactions. Only one of these was a foreclosure home, a 3 bedroom, 3 bath maintained courtyard villa, which was also the property that sold for the lowest price. The highest price was achieved for a 4 bedroom, 3 bath, pool home.

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: 74

Price Range: $119,900 - 535,000

Median: $275,500

Average: $291,183

Under Contract: 7

Price Range: $69,000 - $339,900

Median: $164,933

Average: $201,948

Sold in January 2010: 6

Price Range: $99,900 - $282,500

Median: $147,464

Average: $166,288

Sales Data derived from Hernando County MLS as of 2/7/2010, believed to be accurate but not guaranteed.

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

December 2009

November 2009

October 2009

September 2009

August 2009

July 2009

2008 in Review

January 2010 Real Estate Market Report: Timber Pines, Spring Hill, Florida

Inventory of Homes for sale in Timber Pines, Spring Hill, Florida has increase slightly. There are 50 maintenance-free villas and 93 single family homes available for sale in the Timber Pines Country Club community. Only two properties offered for sale are short sale properties, there are no REO/foreclosure properties offered for sale in the Timber Pines community.

The number of homes sold in January 2010 in the Timber Pines community decreased in January mirroring home sale numbers for Hernando County in general. None of these sales were distressed sales.

Number of homes under contract increased in Timber Pines. Seven properties are pending and 10 properties are with contingency contracts. Again, none of these are distressed sales.

Sales performance in the Timber Pines Country Club community continues on a steady path. With prices only slightly fluctuating from month to month, home sellers values in the Timber Pines community are relatively stable.

The Timber Pines community experiences much lower levels of distressed sales than in Hernando County in general. Among the currently offered homes for sale in Timber Pines, only two single family homes are short sales and there are no properties marked as REO.

Actively Listed Homes for Sale in Timber Pines: 143

Single Family Homes: 93

Price Range: $89,999 - $324,900

Average: $160,315

Median: $148,800

Villas: 50

Price Range: $54,900 - $160,000

Average: $112,298

Median: $119,900

Number Properties under Contract: 17

Pending Contracts: 7, Contingencies: 10

Total Transactions Closed January 2010: 9

Price Range: $94,000 - $210,000

Average: $127,111

Median: $107,000

Single Family homes: 6:

Price Range: $94,000 - $210,000

Average: $141,500

Median: $132,500

Villas: 3

Price Range: $95,000 - $100,000

Average: $98,333

Median: $100,000

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 and 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.

Data derived from Hernando County MLS as of 2/7/2010 and believed to be accurate but not guaranteed.

Hernando County Real Estate Market Report: January 2010

Homes sales in Hernando County got off to a slower start in January of 2010. Closed transactions were lower than in December 2009, average and median prices also declined.

However, on a positive note, inventory also is down slightly and the number of homes under contract, either with contingency or pending contracts, remained stable.

The highest sales price was achieved for a Hernando Beach waterfront stilt home with pool and boatlift. The lowest priced sale was for a single-wide fixer-upper that was offered as a REO.

Active Home Listings: 2197

Sold January 2010: 161

Price Range: $12,000 - $330,000

Median: $99,000

Average: $106,653

Of the homes sold in January 2010, 26 were short sales and 53 were REO or bank-owned properties while the remaining 82 sales were "regular" market sales, an almost equal distribution between distressed and market sales.

Homes currently under Contract: 537

Of the homes currently under contract, 186 are with contingency contracts and 351 are pending.

Of the total homes under contract, 219 are short sales, 204 are foreclosure properties, and 264 are market sales.

Data derived from Hernando County MLS as of 2/7/10, believed to be accurate but not guaranteed.

VIP Distinguished Speakers Forum on World Affairs - Tampa Bay Council of World Affairs

"This time we got it right"

Remark by General David H. Petraeus in reference of how the troops are treated at home in comparison to those who served in Vietnam further elaborating that people may or may not approve of the military engagement but they do support the troops in many ways.

Yesterday evening, I had the opportunity to attend a great evening sponsored by the Tampa Bay Council of World Affairs in conjunction with the U.S. Global Leadership Coalition. As part of their VIP International Distinguished Speakers series, General David A. Petraeus, Commander of US Central Command (US CENTCOM), was the keynote speaker.

Entitled "A Conversation with General David Petraeus", the general spoke about The Role of our Civilian Tools in 21st Century Security. The discussion was moderated by renowned CNN Special Correspondent Frank Sesno and concluded with the audience given an opportunity to ask questions.

The invitation-only event drew an impressive audience of approximately 600 attendees of political and business leaders, ambassadors and consul generals, as well as US Centcom members some who traveled from other States to attend this remarkable events. Altogether, there were representatives of 48 nations in attendance.

The Tampa Bay Council of World Affairs provides "a forum for global dialogue" and conducts various speaker forums on world affairs, trade, socio-economic, cultural, and political issues and offers international networking events as well as a way to stay informed on global affairs.

Florida Realtors® Planning Mass Event Open House!

The Florida Association of Realtors just announced a state-wide plan for a Florida Open House event scheduled for April 10-11, 2010.

The plan is to get Realtors all across the State to conduct open houses that weekend to attract buyers. Balloons and other promotional materials are in the works, downloadable logos for use in consumer and Realtor communication are already available at the Florida REALTORS website.

If you are planning on selling a home and you would like to know more about this initiative and how you can take advantage of it, please contact me.

If you are interested in buying a home in Spring Hill, Hernando Beach, or Weeki Wachee, Florida, and you like to know more about the homes available before you go on the open house tour, please contact me for more information.

Florida Realtors® Planning Mass Event Open House!