January 2010 Real Estate Market Report: Timber Pines, Spring Hill, Florida
Inventory of Homes for sale in Timber Pines, Spring Hill, Florida has increase slightly. There are 50 maintenance-free villas and 93 single family homes available for sale in the Timber Pines Country Club community. Only two properties offered for sale are short sale properties, there are no REO/foreclosure properties offered for sale in the Timber Pines community.
The number of homes sold in January 2010 in the Timber Pines community decreased in January mirroring home sale numbers for Hernando County in general. None of these sales were distressed sales.
Number of homes under contract increased in Timber Pines. Seven properties are pending and 10 properties are with contingency contracts. Again, none of these are distressed sales.
Sales performance in the Timber Pines Country Club community continues on a steady path. With prices only slightly fluctuating from month to month, home sellers values in the Timber Pines community are relatively stable.
The Timber Pines community experiences much lower levels of distressed sales than in Hernando County in general. Among the currently offered homes for sale in Timber Pines, only two single family homes are short sales and there are no properties marked as REO.
Actively Listed Homes for Sale in Timber Pines: 143
Single Family Homes: 93
Price Range: $89,999 - $324,900
Average: $160,315
Median: $148,800
Villas: 50
Price Range: $54,900 - $160,000
Average: $112,298
Median: $119,900
Number Properties under Contract: 17
Pending Contracts: 7, Contingencies: 10
Total Transactions Closed January 2010: 9
Price Range: $94,000 - $210,000
Average: $127,111
Median: $107,000
Single Family homes: 6:
Price Range: $94,000 - $210,000
Average: $141,500
Median: $132,500
Villas: 3
Price Range: $95,000 - $100,000
Average: $98,333
Median: $100,000
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 and 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.
Data derived from Hernando County MLS as of 2/7/2010 and believed to be accurate but not guaranteed.
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