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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.

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Real Estate News

Latest Realty News from NAR

The Silent Generation: Downsizing Homes & Joining Senior-Related Housing

The Silent Generation, buyers aged 73 to 93 years, made up the smallest share of buyers by age at only seven percent of all home buyers in 2018. The median age for this group was 76 years old and they were born between 1925 and 1945. They tended to have the smallest families; 96 percent of these buyers had no children living at home under the age of 18 years and they made up the same share of single female buyers as Younger Boomers at 25 percent. Of the generations, buyers 73 to 93 years bought fewer multi-generational home at 13 percent. For those that purchased a multi-generational home, the reason was for the health and caretaking of aging relatives at 13 percent.

The Silent Generation had the smallest share of first-time home buyers at only four percent, which was expected for their age group. Correspondingly, they made up the largest share to move directly from a home that they owned at 82 percent. They also had the lowest median household income at $69,600, likely living off retirement funds. They managed their finances accordingly and bought homes with the second lowest median home price at $243,000. They also purchased some of the newest homes last year with a median year of 1996.

Buyers aged 73 to 93 years also bought new homes at 14 percent and wanted the amenities of new home construction communities (23 percent). These buyers were the most likely to purchase a duplex, apartment, or condominium at nine percent, or a townhouse at 10 percent. They were also the most likely to buy a home in senior-related housing at 29 percent. These buyers wanted a home convenient to friends and family (47 percent) and for the convenience to shopping (34 percent). They were the least likely to buy homes in an area for the quality of the school district, convenience to schools, or for the convenience to a job. They were also the least likely to compromise on the condition of the home (16 percent). The Silent Generation also bought frequently in a rural area at 23 percent.

The age group of buyers 73 to 93 years were the highest share among the generations to purchase for the desire to be closer to friends and family (27 percent) and for a smaller home (17 percent). They had an expected tenure in the home at a median of 10 years. They were the most likely to move due to a household member’s health and least likely to want a larger home.

Foreign Buyers Purchased $4.8 Billion in U.S. Commercial Real Estate in 2018

International clients are an important niche market for residential and commercial REALTORS® alike. In the latest 2019 Commercial Real Estate International Business Trends, NAR reported that foreign buyers purchased $4.8 billion of U.S. commercial real estate in 2018.[1] The median value for a buyer-side transaction was $600,000, while the median value for a seller-side transaction was $1 million. The dollar volume of foreign buyer purchases of U.S. commercial property declined in 2018 compared to the $6.7 billion in 2017 and $7.9 billion in 2016 as the economic expansion slowed in Asia (e.g., China, Japan), Canada, Europe (e.g. United Kingdom, Germany, France, Italy, and Spain), and Latin America.

Major Buyers of Commercial Property

Asia was the largest source of U.S. commercial property buyers, accounting for about a third (34 percent; 28 percent in 2017) followed by the Canada and Latin America (29 percent; 25 percent in 2017), Europe (20 percent; 29 percent in 2017), Middle East (10 percent; 12 percent in 2017), Oceania (2 percent; 1 percent in 2017), and from other countries that were not identified by respondents (3 percent; 6 percent in 2017).

The top foreign buyers of commercial property were China (21 percent), Canada (7 percent), Mexico (6 percent), Germany (5 percent), India (5 percent), Israel (5 percent), United Kingdom (5 percent), Venezuela (5 percent), Vietnam (5 percent), and Italy (4 percent).

Major Destinations of Buyers of Commercial Property

Florida was top choice among foreign buyers of U.S. commercial property (20 percent) followed by Illinois (13 percent), Texas (11 percent), and California (9 percent). Other top destinations were Georgia, New York, Virginia, Hawaii, Maryland, Massachusetts, Nevada, New Jersey, and Oklahoma.

Financing and Types of Property Purchased

About half of commercial foreign buyers, 52 percent, made an all-cash purchase (70 percent in 2017), and 25 percent obtained financing from a U.S. source.

International commercial buyers purchased across a variety of property types, but apartment was the most preferred, at apartment (19 percent), followed by retail (16 percent), land (12 percent), industrial (11 percent), office (9 percent), hotel (9 percent), and other types.

The bulk of foreign buyers of commercial property purchased the property as an investment to be rented out (39 percent in 2017), and 33 percent purchased the property for a business they participate in (34 percent in 2017). The Other category, which accounted for 22 percent (16 percent in 2017), includes a purchase of the property for residential and business-related uses.

Reasons Foreign Client Decided Not to Purchase U.S. Commercial Real Estate

One in five international clients decided not to purchase U.S. commercial properties in 2018 (17 percent in 2017). Understandably, the primary reason deterring a purchase is cost and exchange rate changes (36 percent of clients who decided not to purchase; 30 percent in 2017).Other major reasons are the buyer “could not find a property” (31 percent of clients who decided not to purchase), difficulty moving money out of the country (22 percent; 17 percent in 2017), tax-related issues (22 percent; 17 percent in 2017), immigration/visa (9 percent), and difficulty obtaining financing (9 percent).


[1] NAR also estimates foreign buyer purchases of U.S. residential property. According to the 2018 National Association of REALTORS® Profile of International Activity in U.S. Residential Real Estate, foreign buyers purchased $121 billion of residential property during April 2017—March 2018, or eight percent of the $1.6 trillion of total existing home sales during the same period.

 

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