THE Gail Spada TEAM continually analyzes Hernando County market trends to help you determine when it’s the perfect time to BUY or SELL a home. The charts below show the comparison between the 1st Half 2017 vs the 1st Half 2016. The data was compiled from reports within the Hernando County Multiple Listing Service and INCLUDES ONLY Single-Family Homes, Condos, Townhomes and Villas. Please note that Manufactured, Mobile and Modular Homes ARE NOT INCLUDED.
| Hernando County Housing Trends | 2017 1st Half | 2016 1st Half |
|---|---|---|
| Total Sales Volume | $261,493,074 | $274,708,560 |
| Total Number Sold | 1,608 | 1,908 |
| Average Days on Market | 51 | 58 |
| Sale Price/SF Living | $89/SF | $78/SF |
| CASH – No Financing | 611 or 38.0% | 799 or 41.9% |
| Conventional Financing | 499 or 31.0% | 540 or 28.3% |
| FHA Financing | 310 or 19.3% | 338 or 17.7% |
| VA Financing | 157 or 9.8% | 179 or 9.4% |
Comparing the 1st Half 2017 vs the 1st Half 2016, the “Total Sales Volume” and “Total Number Sold” both dropped for 2017. However, it is interesting to note that although fewer homes sold in the 1st Half of 2017 vs the same time in 2016, the “Average Sale/SF Living” increased ↑14.1% for 2017. As expected, “Average Days on Market” continues to decrease as listing inventory remains at an all-time low.
| Hernando County Housing Trends | 2017 1st Half | 2016 1st Half |
|---|---|---|
| Bedroom Count | Avg Sale Price | Avg Sale Price |
| 1-2 Bedrooms | $113,134 | $98,733 |
| 3 Bedrooms | $167,850 | $145,367 |
| 4+ Bedrooms | $225,420 | $210,156 |
Broken down by “Bedroom Count” for the same 1st Half 2017 vs the 1st Half 2016 comparison, the “Average Sale Prices” for Hernando County homes increased as follows: 1-2 BR’s ↑14.6%, 3 BR’s ↑15.5% and 4+ BR ↑7.3%.
We hope you found this post helpful, informative and interesting … Stay informed by checking out our local Hernando County Market Conditions on a regular basis … Watch for our next BLOG POST on July 27th.
To learn more about Tampa Bay area homes for sale in Spring Hill and Brooksville, located in Hernando County, Florida, explore our state-of-the-art, MLS Map Search Feature. Our MLS Map Search Feature makes it easy for BUYERS to SEARCH MLS listings and for SELLERS to SEE what their competition is doing! For even more valuable BUYER and SELLER resources, visit www.GailSellsFloridaHomes.com today!
Until then… it’s all about YOU!