
A small city such a Hernando Beach Florida needs one of two things to promote home sales: more buyers or wealthier buyers. Unlike the rest of Sunshine State of Florida, Hernando Beach hasn't really attracted either lately, mainly because it was isolated on Florida's Nature Coast, then the recession hit. That was until lately.
The interstate highway system I-75 came close by 30 miles, but not close enough, and the runway at the Hernando County airport isn't commercialized other than charter freight jets. But now with the Sun Coast Parkway is just eight miles away and in the near future Hernando County airport is poised to host regional carriers, which means more tourists - and a lot more deep pocketed buyers.
Hernando Beach and Spring Hill is an economy waiting to bust open. Other factors increasing housing demand: Property prices are still low and falling by tropical coastal standards, and the local market is still seeing a high rate of foreclosures.
I see properties that were $500,000 just 18 months ago now selling for $260,000. But wait, when the economy improves, it would be very easy to see a quadrupling of prices on beautiful waterfront homes in Hernando Beach. There are very few vacant lots available.
If you would like more information regarding the best home buys in Florida, contact me or one of our very talented and personable agents at Tropic Shores, where business is hot, hot, hot!