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Silvia Dukes, BSBA, CIPS, TRC, AHWD,

2008 in Review: Home Sales for Hernando Beach, Florida

Hernando Beach is a waterfront community consisting of three distinct areas that are differentiated by the accessibility they afford to the Gulf of Mexico.

Hernando Beach Direct Access is a non-deed restricted area North of Companero Entra. Boaters can use the wide canals to directly go out into the Gulf of Mexico.

Hernando Beach Indirect Access is the area South of Companero Entra and consists of Hernando Beach Central, a non-deed restricted neighborhood, and Hernando Beach South, a deed-restricted neighborhood on fresh water canals. Boaters living in either indirect access neighborhood will require the use of a boatlift to get access to the saltwater canals of the direct access areas.

Sales in Hernando Beach:

Total Closed Transactions: 28

Sales Price Range: $145,000 - $495,000

Median Price: $242,500

Average Price: $271,964

Average Marketing Time: 183 Days

Currently Available and under Contract:

Offered for Sale: 95

List Price Range: $135,000 - $899,000

Median List Price: $340,000

Average List Price: $365,834

Under Contract: 5

List Price Range: $184,900 - $499,999

Median List Price: $269,000

Average List Price: $286,140

Please also read:

Sales in Hernando Beach, Direct Access

Sales in Hernando Beach, Indirect Access, for a summary and sales data for Hernando Beach Central

Sales in Hernando Beach South, A deed-restricted Waterfront Community

Sales in Hernando County 2008

For more information about waterfront properties in Hernando Beach, Weeki Wachee, or Pine Island, please contact me.

Hernando Beach Waterfront Living

Sales Data derived from Hernando County MLS and believed to be accurate but not guaranteed.

2008 in Review: Home Sales for Silverthorn, Spring Hill/Brooksville, FL

Silverthorn is a gated and deed-restricted golf course community located in Brooksville, just a few miles West of US 41 and South of US 50 offering privacy with easy access to shopping, medical facilities, major roadways, and all area amenities. Tampa is just a short drive away, approx. 45 minutes via the Suncoast Parkway. The community offers upscale country club living with 24-hour security, an elegant clubhouse, community center, pool and tennis facilities. Properties available range from smaller villas to grand homes.

Sales in Silverthorn in 2008

Total Closed Transactions: 38

Sales Price Range: $125,000 - $489,900

Median Price: $227,550

Average Price: $249,379

Average Marketing Time: 126 Days

Villas: 9

Sales Price Range: $131,500 - $250,000

Median Price: $165,250

Average Price: $166,625

Average Marketing Time: 141 Days

Homes: 25

Sales Price Range: $125,000 - $489,900

Median Price: $227,550

Average Price: $249,379

Average Marketing Time: 126 Days

Currently Available and under Contract:

Offered for Sale: 38

Under Contract: 1

Sales Data derived from Hernando County MLS and believed to be accurate but not guaranteed.

Please also take a look at the 2008 home sales for the country club communities of Glen Lakes and Timber Pines.

For more information about Silverthorn or other country club communities in Hernando County, Spring Hill, and Brooksville, please contact me.

2008 in Review: Home Sales for Timber Pines, Spring Hill, FL

Timber Pines, located in Spring Hill, on the Gulf Coast of Florida, is rated as one of the best "over 55" Country Club Living and Retirement Communties. The development is a gated and deed-restricted community with approx. 3500 homes and villas surrounded by five sweeping golf courses, tall pines, and natural preserve areas. Offering a full range of activities, numerous clubs, stunning clubhouse, two community pools, tennis courts, and its own performing arts center, Timber Pines offers an active lifestyle for all interests.

Sales in Timber Pines in 2008

Total Closed Transactions: 89

Sales Price Range: $80,000 - $373,000

Median Price: $145,000

Average Price: $160,197

Average Marketing Time: 161 Days

Villas: 23

Sales Price Range: $80,000 - 200,000

Median Price: $130,000

Average Price: $135,572

Average Marketing Time: 164 Days

Homes: 66

Sales Price Range: $95,000 - $373,000

Median Price: $152,250

Average Price: $168,779

Average Marketing Time: 160 Days

Currently Available and under Contract:

Offered for Sale: 173: 71 Villas, 102 Homes

Under Contract: 6: 2 Villas, 4 Homes

Sales Data derived from Hernando County MLS and believed to be accurate but not guaranteed.

Please also take a look at the 2008 home sales for the country club communities of Glen Lakes and Silverthorn.

For more information about Silverthorn or other country club communities in Hernando County, Spring Hill, and Brooksville, please contact me.

This three bedroom golf course pool home located in Timber Pines, Spring Hill, FL, sold in November 2008 for $235,000.

Timber Pines Homes for Sale

2008 in Review - Market Update Hernando County, Florida

The dilemma:

  • Bombarded by daily news of doom and gloom in the housing market.
  • Yet your favorite neighborhood Realtor is telling you things are not that bad.

Well, the numbers are in!

Sales of residential property for 2008 compared to sales for 2007 in Hernando County, Florida, including the cities of Brooksville, Weeki Wachee, and the unincorporated communities of Spring Hill, Masaryktown, Istachatta, Hernando Beach, and Pine Island.

HOME SALES* 2007 2008

Closed Transactions: 2126 2098

Total Sales Volume: $367,352,635 $295,466,827

Sales Price Range: $8,000 - $1,862,000 $14,000 - $2,225,000

Median Price: $155,000 $127,500

Average Price: $172,791 $140,833

Average Days on Market: 124 128

*Data obtained from Hernando County MLS and believed to be accurate but not guaranteed.

While the numbers certainly have declined here as well, they certainly have not fallen as dramatically as the media wants us to believe.

Although there is a perception of a "slow" market, closed transactions fell only 2% from 2007. Total Sales Volume in 2008 is 80% of that of the previous year or 20% less than in 2007.

Together, these two numbers indicate that prices have fallen which can be confirmed by lower median and average prices both of which for 2008 also come in at 82% and 81.5% of 2007 price levels respectively.

Average marketing time in 2008 slightly increased by just 3% illustrating again that properties will obtain offers and sell provided they are priced correctly.

Summarizing the housing sales in Hernando County, these numbers show that sales are not down significantly; a result of lower prices that have attracted buyers into the marketplace. While encouraging, whether this has brought a halt to a slowdown will be seen in future months.

For 2008 sales market reports in other areas of Hernando County, please read:

Sales in Hernando Beach (a summary)

Sales in Hernando Beach, Direct Access

Sales in Hernando Beach, Indirect Access, for a summary and sales data for Hernando Beach Central

Sales in Hernando Beach South, A deed-restricted Waterfront Community

Lot Sales Hernando Beach

Glen Lakes, Country Club Living

Timber Pines, Country Club and 55+ Living

Silverthorn, Country Club Living

Please contact me for additional information about Hernando County and the many living choices it has to offer!

Hernando Beach Annual Christmas Boat Parade

There are neighborhood parties popping up all over Hernando Beach this Saturday. And what better night to choose than the night the annual Christmas Boat parade sponsored by the Hernando Beach Yacht Club is taking place.

Festively decorated boats begin their journey from the Yacht Club at Shoal Line Blvd down the many Hernando Beach canals. Visitors coming from all over the County will line along the canals on vacant lots to cheer on their favorites and join into the fun. Likewise Hernando Beach residents show off their holiday light displays.

Parade takes place on Saturday, December 20th, and begins at 6:00 PM. Enjoy!