In September 2008, the average sales price of an existing; single-family home in the Hernando County fell to the lowest in months. The number of home sales during the same period rose to one hundred and sixty four sales, a increase from the past two months. In the comparison between listing price and sales price of homes closed, the variance fell to just above ten thousand dollars during the month. The absorption rate that calculates how long it will take to exhaust all current listings, is currently at seventeen months. A continued drop of price per square foot cost of living space provides a snapshot of dollar value of living space regardless of features.
As the market continues to make changes, buyers have more opportunity to negotiate for a home they want and sellers will have to adjust their expectations for profit to the new reality.
I prepared the following graphs to detail the current and past conditions in the Hernando County Real Estate market. The information provided here is general and may not reflect the same trend in every community.
Existing home sales
Sales variance
Hernando County Absorption Rate
Average Sales Price
Price per square foot
Request a more detailed analysis on property you wish to sell or a price comparison on a community that you are planning a purchase. With over ten years of experience in the real estate industry as a licensed agent. I can assist you in your next home purchase or sale in the communities of Spring Hill, Weeki Wachee, Brooksville, Hernando Beach or Ridge Manor. My experience with Internet marketing and knowledge of current market conditions provides me with an advantage that benefits you the customer.
Chris Frantz
Exit Success Realty
13111 Spring Hill Dr.
Spring Hill, Florida 34609
The Hernando County Real Estate Market for September 2008 report show a increase in homes sales from the previous month. While the average selling price continues to fall.
All Active Listings
2,820
Listing Price Average
$225,213
New Listings
419
All Closed Listings
164
Sold Listing Price Average
$144,610
Selling Price Average
$135,244
List-to-Sell Variance
$9,366
Contact me for a more detailed analysis on the property value of your home in today's market condition.
Chris Frantz
Exit Success Realty
13111 Spring Hill Dr
Spring Hill Fl 34609
352-686-2222.
Working with Buying or Sellers in Spring Hill, Brooksville, Ridge Manor, Weeki Wachee, Hernando Beach and Pine Island Florida. Visit my site below to search for property or sign up to receive emails of just listed property.
*Information deemed reliable but not guaranteed.
Interested in buying or selling Hernando County Real Estate in the near future?
Do you understanding the sometimes confusing real estate terminology?
The process can sometimes be complex and overwhelming. To assist you in feeling more comfortable with the real estate process, I am sharing real estate terms and their meaning. This should aid you in the process of buying or selling your next home.
Needs-based pricing - A seller's asking price that is based on factors such as the required funds to pay off the mortgage, the cost of remodeling or the purchase of another house.
and
Negotiable instrument - Any written instrument, which may be transferred by endorsement or delivery so as to vest legal title in the transferee.
For a complete list of real estate terms or for information on Hernando County Real Estate visit.
Working with Buying or Sellers in Spring Hill, Brooksville, Ridge Manor, Weeki Wachee, Hernando Beach and Pine Island Florida. Visit my site below to search for property or sign up to receieve emails of just listed property.
Chris Frantz
Exit Success Realty
13111 Spring Hill Dr
Spring Hill Fl 34609
352-686-2222.
Interested in buying or selling Hernando County Real Estate in the near future?
Do you understanding the sometimes confusing real estate terminology?
The process can sometimes be complex and overwhelming. To assist you in feeling more comfortable with the real estate process, I am sharing real estate terms and their meaning. This should aid you in the process of buying or selling your next home.
CAP RATE (CAPITALIZATION RATE) - The percentage selected for use in the income approach to valuation of improved property. The cap rate is designed to reflect the recapture of the original investment over the economic life of the improvement, to give the investor an acceptable rate of return (yield) on the original investment, and to provide for the return on borrowed capital.
and
CHAIN OF TITLE - The recorded history of matters which affect the title to a specific parcel of real property, such as ownership, encumbrances and liens, usually beginning with the original recorded source of the title.
For a complete list of real estate terms or for information on Hernando County Real Estate visit.
Working with Buying or Sellers in Spring Hill, Brooksville, Ridge Manor, Weeki Wachee, Hernando Beach and Pine Island Florida. Visit my site below to search for property or sign up to receieve emails of just listed property.
Chris Frantz
Exit Success Realty
13111 Spring Hill Dr
Spring Hill Fl 34609
352-686-2222.
Interested in buying or selling Hernando County Real Estate in the near future?
Do you understanding the sometimes confusing real estate terminology?
The process can sometimes be complex and overwhelming. To assist you in feeling more comfortable with the real estate process, I am sharing real estate terms and their meaning. This should aid you in the process of buying or selling your next home.
OFFICE EXCLUSIVE - A listing in which the seller refuses to submit the listing to Multiple Listing Service, even after being informed of the advantages of MLS, and signs a certification to that effect.
and
OVERIMPROVEMENT - An improvement which by reason of excess size or cost is not the highest and best use for the site on which it is placed.
For a complete list of real estate terms or for information on Hernando County Real Estate visit.
Working with Buying or Sellers in Spring Hill, Brooksville, Ridge Manor, Weeki Wachee, Hernando Beach and Pine Island Florida. Visit my site below to search for property or sign up to receieve emails of just listed property.
Chris Frantz
Exit Success Realty
13111 Spring Hill Dr
Spring Hill Fl 34609
352-686-2222.
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Buy or sell your home in Hernando County Florida. Brooksville, Hernando Beach, Spring Hill property search to find your new home. Sign up for emails just listed to find a new home. Exit Success Realty
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