Silvia Dukes, BSBA, CIPS, TRC, AHWD,

August 2009 Real Estate Market Report: Timber Pines, Spring Hill, Florida

Timber Pines home sales continued to be strong in August with an 30% increase in closed transactions of single family homes and villas over July. Only two of the homes sold in Timber Pines were corporate owned, foreclosure homes and all others were market sales.

The number of homes under contract in Timber Pines also increased over July to a total of 11.

Overall, the Timber Pines homes sales statistics have remained stable. Although prices have decreased as they have everywhere else, the Timber Pines community is experiencing far fewer distressed sales such as short sales or foreclosures, a big plus for the community and its residents!

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 with 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.

Total Number Properties for Sale: 158

Price Range: $69,900 - $399,000

Average: $138,103

Median: $134,900

Average Days on Market: 216

Total Transactions Closed:

Price Range: $50,000 - $270,000

Average: $134,229

Median: $121,150

Days on Market: 202

Of these 9 properties were single family homes, three were villas.

Total Number Properties under Contract: 11

Pending Contracts: 9

Contingencies: 2

Price Range: $89,900 - $269,900

Average: $164,818

Median: $169,000

Average Days on Market: 201

1. Single Family Homes:

Currently Active Listings: 87

Price Range: $70,000 - $399,000

Average: $149,900

Median: $152,418

Days on Market: 194

Under Contract: 8

2. Villas:

Currently Active Listings Villas: 71

Price Range: $69,900 - $177,000

Average: $119,900

Median: $120,562

Days on Market: 243

Under Contract: 3

Data derived from Hernando County MLS as of 9/9/09 and believed to be accurate but not guaranteed.

---

Hernando County Real Estate Market Report: August 2009

The number of Homes for Sale in Hernando County has again decreased. Closed home sales remained stable with just one less sold than in July. The number of homes under contract, either with contingency or pending contracts, increased considerably over last month. Both median and average prices decreased.

Of the homes sold in August 2009, 15 were short sales and 57 were REO or bank-owned properties, and the remaining 108 sales were "regular" market sales.

The lowest sales price was obtained for an older concrete block fixer upper that was a foreclosure home. The highest price was achieved for a 2-story custom country retreat home with 4542 living square foot in the Brooksville Country Club area.

The most sales transactions took place again in price ranges up to $200,000. Total sales transactions break out as follows:

Up to $99,999: 82

$100,000 - $199,999: 83

$200,000 - $299,999: 10

$300,000 - $399,999: 4

$400,000 - $499,999: 0

$500,000 and above: 1

Hernando County Market Report

1. Homes:

Active Listings: 2301

Sold August 2009: 180 (down one from July 2009)

Price Range: $ 8,500 - $595,000

Median: $101,500

Average: $113,888

Average Days on Market: 134

Currently under Contract: 520

2. Vacant Land

Inventory of Vacant land for sale remained stable. Number of closed transactions nearly quadrupled over July sales. The lowest price of $7,600 was achieved for a 1 acre residential building lot in the Royal Highlands, the highest price was for a 80 acre tract of land that had been listed for $1,200,000.

Active Listings: 1905

Sold August 2009: 15

Price Range: $7,600 - $750,000

Median: $40,000

Currently Under Contract: 23

Of these, 4 are contingency contracts, 19 are pending contracts.

Data derived from Hernando County MLS as of 8/2/09, believed to be accurate but not guaranteed.

Although it's not yet raining, there are big storm clouds forming ahead. In the distance, thunder can be heard. The sun keeps shining producing this great rainbow over the water in Hernando Beach, Florida.

Rainbows usually are short-lived, so I hurried to get this shot before I sat back to enjoy its beauty until it faded away into the clouds.

Enjoy!

Do you know who that might be? Of course!

It's no other than Kermit, the Frog!

The guest speaker at today's meeting of the Spring Hill Rotary International Club opened her presentation with this little flyer published by values.com, The Foundation for a Better Life.

The foundation has billboards all across the country with positive messages promoting things like Optimism, Leadership, Dedication, Courage, Love, and many more. Their website offers free downloads of quotes, billboard photos, newsletter, and all things that inspire.

Our presenter, Lori Bainum, talked about having a positive view of life to help us accomplish our goals and get the things we really want.

Kermit is a great role model and example! He's just a frog - no, he isn't even that - he's not all that special - yet he is a Hollywood star! He certainly is unique which makes him just like us - we may not be special but each of us are unique. We may not be Hollywood stars but we may be accomplished in our own ways and chosen careers. Kermit always has a great attitude and shows us you don't have to be wealthy or beautiful to be happy in life.

The Foundation for a Better Life encourages you to "pass it on", share your values with others and help make a difference in your life and the lives of others.

So Live Your Dreams and Enjoy!

P.S. Pass It On.

After a two-month summer break, the Hernando Beach Property Owners Association (HBPOA) is meeting again tomorrow, Thursday, September 3, 2009.

Traditionally, during the September meeting, property owners, members, and guests are treated to an ice cream social following the business meeting.

The meeting takes place at the Hernando Beach Coast Guard Auxiliary, Shoal Line Blvd, Hernando Beach. Doors open at 7:00 PM and the program and meeting begins at 7:30 PM.

So come on out and take the opportunity to catch up with your neighbors on news that concerns our community.

See you there!