Hernando County Market Update: July 2007
HOMES:
Homes on Market: 4226
Sold July 2007: 168 Range: $52,000 - $690,000
Average Sales Price: $176,895 Median Sales Price: $165,000
Average Days on Market: 122
Currently under Contract: 274
Number of sales in July represented less than 4% of current inventory. Yet, the sales numbers held relatively steady compared to June with just slight increases in total number sale, median sales prices and average sale prices. The number of properties currently under contract also remained at the same level as June indicating a continuation of the currenct pace of sales.
VACANT LAND:
On Market: 3427
Sold July 2007: 23 Range: $5,400-$570,000
Average Sales Price: $64,778 Median Sales Price: $28,000
Average Days on Market: 160
Currently under Contract: 47
Sales of residential vacant land continue to be stagnant. The number of properties currently under contract does not indicate that a significant change will be underway any time soon.
Additionally, two commercial vacant land properties were sold in July ranging from $1,125,000 to $1,200,000. These sales were excluded from the above sales numbers so not to skew the statistics towards higher median and average sales prices and thus incorrectly reflecting higher values achieved.
Data obtained from Hernando County MLS as of August1, 2007 and believed accurate but not guaranteed.
For a more detailed update for your neighborhood, please contact me by e-mail or call me!
For information on homes and land for sale in Hernando County, FL, please contact me or visit my website!
For more information about Hernando County Homes and Land for sale including Spring Hill and the communities of Timber Pines, Glen Lakes Golf and Country Club, Silverthorn, and Hernando Beach , please call or visit my website!
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