House Talk with Silvia Dukes

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Hernando County Florida Homes Sales 2017

Home sales in Hernando County, Florida, continued to improve overall once again in 2017 compared to the previous year. 

The good news for home sellers in Hernando County is that homes that are positioned correctly are selling quickly and home prices are on the upswing. 

Home buyers have to content with a limited inventory of homes for sale and are often facing competition from other buyers over the same home. 

 

Homes in Seven Hill Spring Hill FL Sold by Realtor Silvia Dukes

 

How do Hernando County home sales in 2017 compare to those in 2016?

  • In 2017, 3737 residential properties were sold. This represents a decrease compared to 2016 by 63 units or 1.7% fewer sales.
  • Total dollar volume of residential properties sold in Hernando County in 2017 was $579,386,205. This presents an increase of almost 63 Millionen Dollars or 12.1% compared to the year 2016.
  • The good news continue with an increase in median sales price by 15.5%. In 2017, the median sales price was $145,000 compared to $125,500 in 2016. 
  • Average sales prices also increased from $135,803 in 2016 to $154,977 in 2017 - an increase by 14%. 

What do these numbers mean?

You might ask if the real estate market has improved, why was there a decrease in total sales? The answer is simply that supply was a limiting factor. 

The simultaneous increase in total sales volume is an indicator of rising prices and buyers moving up into higher prices ranges as confirmed by the higher median and average sales prices. 

 

 

 

What is the real estate market in Hernando County going to be like in 2018?

Inventory of homes for sale in Hernando County is still low. At present, the Hernando County Multiple Listing Services shows only 880 residential properties for sale. 

While it is possible, that prices will continue to go up, there will be a point when buyers will not be able or willing to pay these prices. 

Many home buyers willing to buy a resale home are not able to find what they are looking for. Some will go elsewhere to buy and some will look for new construction instead.

New home construction has increased in the last two years in Hernando County and you will notice many new homes being built when driving through the neighborhoods in Spring Hill, Weeki Wachee, or Brooksville. 

If you are thinking about selling your Hernando County home, please contact me, it would be my pleasure to discuss with you any questions you may have about the real estate market and the home selling process so you can make the best decision for you and your family. 

 

These are general statistics for Hernando County, Florida as a whole as derived from the Hernando County Multiple Listing Service as of 1/10/2018. 

If you are interested in more detailed market information about your neighborhood and type of property, please do contact me by phone at 352-584-7441 or email me

 

Buying or Selling a Home in Hernando County, Florida?

Please let me help you find your next home or find out how to successfully market your Hernando County home for sale.  

I've been serving buyers and sellers in Hernando County, Florida since 2005 and it will be my pleasure to assist you as well. 

Please call or text 352-584-7441 for more information!

 

   

 

 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!

Let me help you find Your Place in the Sun!

 

Silvia Dukes PA, Broker Associate

Tropic Shores Realty, 3441 Deltona Blvd, Spring Hill, FL 34606

Phone: 352-584-7441    Email: SilviaDFL@yahoo.com   Website:  www.SilviaDukes.com

 

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Copyright (c) Silvia Dukes 2006-2017.  All Rights Reserved. 

Listing and real estate market information is current as of the date it was posted but subject to changes.

All content, including text and photographic images, is the exclusive property of Silvia Dukes, P.A. and may not be used without expressed written permission.   

Comments

This is valuable information, Silvia. The decrease in inventory is impacting the sales greatly. I am thinking more will come on the market this spring.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) 7 months ago

Silvia, great information here for buyers and sellers in Hernando County, FL. 

Posted by Rebecca Gaujot, Realtor®, Lewisburg WV, the go to agent for all real estate (Vision Quest Realty, Martha Hilton, Broker) 7 months ago

My clients always have specific questions coming from my market reports. It's a valuble tool to make the phone ring Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES 

Posted by Paul S. Henderson, REALTOR®,CRS,, Tacoma Washington Agent/Broker & Market Authority! (RE/MAX Professionals.) 7 months ago

Families on the move will appreciate your local real estate market reports.

Many Maryland residents are heading your way.

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) 7 months ago

Debbie Reynolds thank you, I also think that we will see more properties come on the market in the next few months. 

Rebecca Gaujot thank you!
Paul S. Henderson, REALTOR®,CRS, it sure is, people never seem to get enought information about the real estate market. 

Roy Kelley we have many "snow birds" here from northern states including Maryland. 

 

Posted by Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES, Florida Waterfront and Country Club Living (Tropic Shores Realty - Ich spreche Deutsch!) 7 months ago

Silvia, great report to show 2017 was a good year for Hernando Beach, and hope that continues into 2018!  

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373) 7 months ago

What a beautiful market report on hernando-county-florida- any one looking to make a move has all the information they need at their finger tips Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES  why should they call anyone but the Local Real Estate Expert --YOU

Posted by Hannah Williams, Expertise NE Philadelphia & Bucks 215-953-8818 (Re/Max Eastern inc.) 7 months ago

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