THE Gail Spada TEAM continually analyzes Hernando County Market Trends to determine when it’s the perfect time to BUY or SELL a home. The charts below show the 2017 vs 2016 comparison between Q1 Q2 and Q3. 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 – Q1 Q2 Q3 | 2016 – Q1 Q2 Q3 |
|---|---|---|
| Total Sales Volume | $389,905,072 | $418,023,090 |
| Total # Homes Sold | 2,357 | 2,871 |
| Average Sale $/SF Living | UP 13.9% to $90/SF | $79/SF |
| Average Days on Market | 48 | 56 |
Comparing 2017 vs 2016, both “Total Sales Volume” and “Total # Homes Sold” decreased for 2017. However, it is interesting to note that although fewer homes sold for the first 3 quarters in 2017, the 2017 “Average Sale $/SF Living” increased ↑13.9%. As expected, “Average Days on Market” continues to decrease as listing inventory remains at an all-time low in Hernando County.
Below please find the 2017 vs 2016 comparison for “Average Sale Prices” broken down by bedroom count.
| Hernando County Housing Trends | 2017 – Q1 Q2 Q3 | 2016 – Q1 Q2 Q3 |
|---|---|---|
| Bedroom Count | Avg Sale Price | Avg Sale Price |
| 1-2 Bedrooms | UP 15.3% to $117,109 | $101,592 |
| 3 Bedrooms | UP 15.2% to $170,557 | $148,092 |
| 4 Bedrooms | UP 8.3% to $218,657 | $201,961 |
| 5+ Bedrooms | UP 8.7% to $277,930 | $255,611 |
We hope you found this post to be 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 October 19th.
Thinking of buying or selling a home in the Spring Hill, Brooksville, Weeki Wachee and Hernando Beach areas of Hernando County, Florida? Visit us TODAY at www.GailSellsFloridaHomes.com to explore our state-of-the-art, MLS Map Search Feature. We make it easy for BUYERS to SEARCH MLS listings and for SELLERS to SEE what their competition is doing!
Until then… it’s all about YOU!