Last Quarter, home sales less than $200,000 have declined significantly compared with Q1 of last year, however we have seen a huge increase in the amount of home sales between $200,000 and $300,000, as well as an increase in the 300-400K range as well. Overall, the number of homes sold is less – but the dollar amounts per home are significantly higher. As many say that the market is slowing down – I would say that depends on your perspective. Yes the number of homes is lower than a year ago – however the DOLLAR amount per home is significantly higher. If you look at the first quarter report for 2006, you see that in 2005 there were ZERO homes sold above $800,000, as compared to this year where there have been 2 in the first quarter. Over the next week or so I will be compiling the dollar amounts into my monthly market updates so that we can actually compare homes sold, to dollars sold.
It is definitely a time for out-of-state buyers to be seriously considering that FL home they’ve been thinking about for the past few years. With the abundance of sellers and investors currently selling their properties – you are sure to find several that are to your liking… then it becomes a price game. There are those who need to sell, and those who want to sell…Those that NEED to sell…will.
***As always, the latest in Real Estate News as it pertains to Spring Hill Real Estate, Brooksville Real Estate, Weeki Wachee Real Estate, Hernando Beach North Real Estate, Hernando Beach South Real Estate, and Hudson Beach Real Estate. – Brought to you by Hernando Luxury Homes, Your Luxury Real Estate Leader in Hernando County, Florida and Pasco County, Florida.
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About the Author
Josh Hanoud is the #1 Top Producing Agent at Tropic Shores Realty in Spring Hill, FL and in the top 3% of all real estate agents in Hernando County, Florida (2007). He also happens to be the co-founder (along with Natalie) of the
Hernando Luxury Homes website which aims to showcase the best properties that Hernando County and the surrounding Nature Coast has to offer. Whether buying, selling, relocating, or investing - Josh & Natalie are proud to offer a higher level of service. Contact them today at 352-397-5182 or Josh@HernandoLuxuryHomes.com to see what they can do for you.
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