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

Inventory of Homes for sale in Timber Pines, Spring Hill, Florida has decreased over the previous month.  There are 69 villas and 70 single family homes available for sale in the Timber Pines Country Club community. 

The number of homes sold in September in Timber Pines also decreased over August to a total of 12; however, none of these were distressed sales.  Number of homes under contract in Timber Pines, however; increased. Among those under contract, only one home is offered as a short sale, and one other is offered as a foreclosure home. 

Again, Timber Pines home sales statistics remain stable.  The average and median price levels for Timber Pines home sales are at higher levels than for average and median price levels in Hernando County as a whole. 

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.  

Actively Listed Homes for Sale in Timber Pines:  148

Price Range: $60,000 - $399,000

Average: $136,819

Median:  $129,888

Total Transactions Closed: 12

Price Range:  $85,000 - $250,000

Average: $143,367

Median: $137,500

Days on Market:  278

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

Total Number Properties under Contract:  15

Pending Contracts: 10, Contingencies:  5

Price Range: $72,000 - $209,000

Average:  $132,697

Median:  $139,900

Average Days on Market:  207

Data derived from Hernando County MLS as of 10/9/09 and believed to be accurate but not guaranteed.