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Citrus County Florida Cities/Towns ----Beverly Hills, Black Diamond, Citrus Hills, Citrus Springs, Crystal River, Floral City, Hernando, Homosassa Springs, Homosassa, Inverness, Lecanto, Pine Ridge, Sugarmill Woods

History

Citrus County was created in 1887. It was named for the county's citrus trees. Citrus production declined dramatically after the "Big Freeze" of 1894-1895.

Approximately mid-state, bordering the Gulf of Mexico, about 70 miles north of Tampa and 60 miles northwest of Orlando.

Lakes: Countless small lakes and ponds, plus these named lakes with boat launches:

• Big Lake Henderson  • Little Lake Henderson  • Lake Holathlikaha  • Lake Rousseau

• Tsala Apopka Chain of Lakes     • Lake Hernando

Rivers: Seven Outstanding Florida Waterways run through the county:

• Crystal River • Homosassa River • Halls River • Chassahowitzka River • Withlacoochee River (72 miles of navigable water running through 7 counties) • Salt River • St Martins River

Springs: 

The county is home to dozens of springs, from beautiful King Spring, Homosassa Spring, Chassahowitzka Spring and Three Sisters Springs.

Gentle Manatee Giants

Citrus County’s relatively warm, spring-fed waters attract North America’s largest manatee gathering each winter. The largest concentration can be found in the Crystal River but they are also found in the Homosassa River. A thousand-pound manatee in the wild, often with a baby or two alongside, is unforgettable. They react to the close-at-hand presence of swimmers, divers and waders with characteristic good nature. Citrus County is the only place in North America where nature lovers can legally swim and snorkel with these docile giants.

Bountiful Birding

Birding in Citrus County can include anything from a flock of whooping cranes following an ultralight aircraft to soaring eagles to nesting sandhill cranes. Of course there are red birds and blue birds and every other color of the rainbow. Many Citrus County public parks and preserves have huge avian populations. The Great Florida Birding Trail has 445 official sites and 23 of them are in Citrus County. Get started on this story at the official website, FloridaBirdingTrail.com.

Looking For A Seafood Supper

Citrus County bay scallops can be found in the shallow Gulf Waters of off the coast during the recreational scalloping season that runs from late June through late September. The meat from a bay scallop is small, white and tender. Local guides help visitors find and collect scallops and tell them what the harvesting limits and regulations are. Once you’ve got your limit, take your bounty to one of the county’s local eateries where you eat your catch – can’t get any fresher than that! Story possibilities include the usual W’s plus recipes and beachfront cookouts.

Florida’s Fishing Grounds

Salt or fresh…amateur or professional…Citrus County is a fisherman’s dream. Folks who want to trailer their own boats find excellent launch ramps and an assortment of waterside restaurants, fuel stops and boatyards. It’s only a short run to the open Gulf and as much adventure as you like. On your own it’s a great experience, but there’s nothing like a charter with an experienced guide to ensure a great day and a great catch.

Anglers seeking freshwater adventure have a very good chance of landing a bass that will look like a whale in the photograph if you hold it in front of your body at arm’s length. The Tsala Apopka chain of lakes near Inverness is a great place to begin.

Welcome to the premier resource for all real estate information and services in the area. I hope you enjoy your visit and explore everything my realty website has to offer, including Crystal River real estate listings, information for homebuyers and sellers, and more About Us, your professional Crystal River Realtor.

Looking for a new home? Use Quick Search or Map Search to browse an up-to-date database list of all available properties in the area, or use my Dream Home Finder form and I'll conduct a personalized search for you.

If you're planning to sell your home in the next few months, nothing is more important than knowing a fair asking price. I would love to help you with a FREE Market Analysis. I will use comparable sold listings to help you determine the accurate market value of your home.

 

                           

Real Estate News

Latest Realty News from NAR

May 2018 Housing Affordability Index

At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates rose to 4.71 percent this May, up 17.5 percent compared to 4.01 percent a year ago.

  • Housing affordability declined from a year ago in May moving the index down 10.2 percent from 157.2 to 141.2. The median sales price for a single family home sold in May in the US was $267,500 up 5.2 percent from a year ago.
  • Nationally, mortgage rates were up 70 basis point from one year ago (one percentage point equals 100 basis points), while median family incomes rose 2.7 percent.

  • Regionally, the West recorded the biggest increase in home prices at 7.0 percent. The South had an increase of 5.8 percent while the Midwest had a gain of 3.2 percent. The Northeast was the only region with a drop in price of 3.0 percent.
  • Regionally, all four regions saw a decline in affordability from a year ago. The West had the biggest drop in affordability of 11.2 percent. The South had a decline of 10.2 percent followed by the Midwest that fell 9.9 percent. The Northeast had the smallest drop of 2.2 percent.
  • On a monthly basis, affordability is down from last month in three of the four regions. The Northeast had a modest gain of 0.6 percent. The South had a decline of 3.0 percent followed by the West with a dip of 2.1 percent. The Midwest, which had the biggest dip in affordability of 5.7 percent.
  • Despite month-to-month changes, the most affordable region was the Midwest, with an index value of 175.5. The least affordable region remained the West where the index was 100.2. For comparison, the index was 143.8 in the South, and 161.1 in the Northeast.

  • The economy is doing well and job creation is solid. Mortgage applications are currently down 8.8 percent and mortgage rates are continuing to rise. The price for building a home is increasing combined with a shortage in labor is contributing to higher home prices. New homes are currently increasing and this trend will ease the lack of inventory. Home prices are up 5.2 percent while median family incomes are only growing 2.7 percent.
  • What does housing affordability look like in your market? View the full data release here.
  • The Housing Affordability Index calculation assumes a 20 percent down payment and a 25 percent qualifying ratio (principal and interest payment to income). See further details on the methodology and assumptions behind the calculation here.

Selling Your Home Solo to Save Money? You’ll Actually Make Less Than You Think

Some homeowners opt to sell their residence without a real estate agent to get around paying a commission and make more of the profit. Forty-three percent of people (down from 48 percent last year) who sell without a real estate agent think that if they sell themselves, they’ll end up doing a little extra work in exchange for not paying a commission or closing fee. According to the research, however, what they actually get is a lot of time spent hustling to make the sale and a final selling price that is less than what the market can bear.

Do you have a lot of extra time to market your home and do all the work to meet and greet properly? Are you versed in local trends on the housing market and know the latest regulations for closing a sale? Do you have a list of potential buyers ready to view your home? Eighty-nine percent of all homes sold in 2017 were sold with the assistance of an experienced real estate professional, according to the 2017 Profile of Home Buyers and Sellers. Most leave it to the professionals, yet there is still a small group of people who prefer to do it themselves. Eight percent of home sellers chose to list themselves, known as For-Sale-By-Owners (FSBO) home sales. That number has steadily declined since 2004 where only 82 percent of all home sales were agent-assisted and 14 percent of homes were listed FSBO. FSBO sales are currently at an all-time low since data collection began in 1981.

Picture This: are you a single female seller, early sixties, selling a single-family home or mobile in a suburban or rural area? If so, you might want to consider working with a real estate agent.

Let’s break it down further. Thirty-eight percent of all FSBOs—that’s only three percent of the total home sales in 2017—were homes sold to people where the buyer knew the seller selling to a friend, neighbor, or family member. However, 62 percent of FSBO home sales—five percent of total homes sold—were sold by the owner to someone they didn’t know. According to the 2017 Home Buyers and Sellers Profile report, sellers cited creating yard signs, listing their homes online on multiple websites, spreading the news through word of mouth, putting out classified ads, displaying on social media, hosting an open house, and registering with the Multiple Listing Service (MLS) database. That’s a lot of work just on marketing and finding potential buyers.

The time it takes to sell a home on the market was a median of two weeks for FSBO sellers and three weeks for agent-assisted homes, but again many of the sales are arms-length transactions. Forty percent of all homes were sold in less than two weeks last year. Most FSBO homes sales were located rural areas (22 percent), urban area or central cities (19 percent), or small towns (16 percent). Sixty-six percent of FSBO sales were detached single-family homes, compared to 81 percent of all homes sold. Thirteen percent were mobile or manufactured homes, compared to three percent of all homes sold. FSBO sellers typically had lower incomes than those who worked with an agent. The median income of all FSBO sellers was $86,500 and for those who sold only through an agent was $102,900. Those who sell themselves have the perception that they have less money to pay for assistance when selling their home and opt to go it alone.

As it turns out, FSBO make less money on their home sales than buyers who work with a real estate agent. According to the report, the median selling price for all FSBO homes was $190,000 last year. When the buyer knew the seller in FSBO sales, the number plunges to the median selling price of $160,300. For homes sold with the assistance of an agent, the median selling price was $250,000 ̶ that’s $60,000-90,000 more for the typical home sale. According to NAR’s 2017 Member Profile, seventy-five percent of all real estate agents get paid by a percentage commission split between two agents representing the buyer and seller.

Talk to an agent and find out what they suggest for the commission and then do the math yourself. The closing price for the agent-assisted seller is likely going to be way above an FSBO. In reality, homes sold by the owner make less money overall. Based on these closing numbers, why not save yourself time and make more money by working with a real estate agent that is excited to sell your home?

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