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
14
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.
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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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Silvia, nice to hear that you had such a strong market in August, to a strong finish to the end of the year. BTW I like the Pie Chart with the Picture. I must contact you directly how to do that. It is very eye catching. Your, Southern California connection.