Berkshire Hathaway HomeServices  ·  Florida Showcase Properties

Terra Vista

Neighborhood Market Report  ·  Seller’s Edition  ·  Villages of Citrus Hills · Hernando, Florida
Citrus County’s premier gated community — the only manned-security, golf-cart-friendly village of Citrus Hills, built around the semi-private Skyview course and the 50,000-square-foot BellaVita spa & athletic club
Prepared July 10, 2026  ·  Resale homes, by era
BALANCED MARKET
In Terra Vista, a home’s era is the biggest price driver — a newer home sells for about 30% more per foot than an established one. Price to your generation, not the community average.
$430,000
· $189/sq ft
Typical resale — built 1998–2008
$575,000
· $246/sq ft
Typical resale — built 2009 & newer
5.9 mo
of inventory
A balanced market — the right price still decides the outcome
The Bottom Line

Terra Vista is Citrus County’s premier gated community, and here age drives price more than anything: an established home (1998–2008) sells for a typical $430,000 (~$189/ft), a newer one (2009+) for about $575,000 (~$246/ft) — a 30% per-foot premium for the newer generation. It’s a balanced market (5.9 months), so pricing to your home’s era and condition is everything: priced right from day one, homes sold in a median of 30 days at 96.6% of asking; overpriced-then-cut, they sat 158 days and gave up a median of $79,900.00.

The proof behind these numbers follows  →
Berkshire Hathaway HomeServices  ·  Florida Showcase Properties

Terra Vista

Neighborhood Market Intelligence  ·  Seller’s Edition  ·  Citrus Hills · Hernando, FL
Prepared July 10, 2026
Resale homes · by era
935 listings analyzed · 2021–2026
BALANCED
MARKET
With about 5.9 months of inventory (47 for sale, 12 under contract), Terra Vista is balanced. The “community average” misleads here because it blends two eras — price to your home’s generation and condition, to today’s comps.
$430,000.00
Median resale — 1998–2008
homes (2025–26)
$575,000.00
Median resale — 2009+
homes (2025–26)
96.6%
Of original asking price —
what priced-right sellers got
30 days
Median market time when
priced right from day one
47  /  12  /  96
For sale / under contract / sold in the last 12 months
1 in 3.7
Listings since 2021 that
never sold at all

What’s Really Happening Here

Terra Vista is the gated, manned-security flagship of the Villages of Citrus Hills — Citrus County’s premier master-planned community of newer custom and villa homes, built around the semi-private Skyview golf course and the BellaVita spa & athletic club, with a club membership deeded to every home. Because a single builder constructs and sells most new Terra Vista homes directly — largely off the MLS — the public record here is essentially the resale market, and in that market a home’s era is the dominant price driver. Established homes (1998–2008) sell for a typical $430,000 (~$189/ft); newer homes (2009+) for about $575,000 (~$246/ft) — roughly a 30% per-foot premium for the newer generation.

Both eras climbed to a 2023–2024 high and have eased modestly since — established value about 8.5% off its 2023 high, newer value about 11.6% off its 2024 high — not a decline so much as a settling. What sells a home here is pricing to its own era’s record, and that record rewards discipline:

✓ Priced right from day one — 477 homes

Median time to contract30 days
Got of original asking price96.6%
Median given up from first price$15,000.00

✗ Overpriced, then cut — 137 homes

Median time to contract158 days
Got of original asking price86.2%
Median given up from first price$79,900.00

All 614 closed resale sales, 2021–2026. "Priced right" = sold with no price reduction; "overpriced" = reduced at least once before selling.

What This Means for Your Pricing

Terra Vista  ·  The Numbers Behind the Story  ·  By Home Era

Resale Value Per Square Foot, by the Year — Each Era on Its Own

Built 1998–2008Built 2009 & newer$150$175$200$225$250$275$300$168$201$213$213$195$184$201$261$268$277$245$247202120222023202420252026 H1

Median resale value per square foot by calendar year (2026 is first-half). We split by home era because age is the single biggest price driver here — a blended line hides it. Both eras climbed to a 2023–2024 high, then eased; neither “crashed.”

Value by the Year — Established vs. Newer

Year’98–’08 $/SqFt’98–’08 Median2009+ $/SqFt2009+ Median
2021$168374,950$201489,900
2022$201435,000$261575,000
2023$213455,000$268535,000
2024$213465,000$277636,250
2025$195452,500$245597,500
2026 H1$184405,000$247561,950

Resale only; full calendar years with 2026 first-half. New-construction sold directly by the developer mostly never reaches the MLS, so this is essentially the resale market.

The Peak Test: established (1998–2008) value is about 8.5% below its 2023 high (still up ~16% since 2021); newer (2009+) value about 11.6% below its 2024 high (still up ~22% since 2021). Price to today — and to your home’s era — not to the 2024 dollar.

The Number Nobody Shows You

1 in 3.7
listings since 2021 left the market unsold (227 of 841 — expired, withdrawn, or canceled)
176 days
how long the failed listings sat before giving up — nearly all simply priced too high

Even in the county’s premier community, about 1 in 3.7 listings ended without a sale. Terra Vista buyers are discerning and cross-shop era, view, and amenity access — a home priced above its era’s comps simply waits.

Long-run perspective: established-home value is up about 16% since 2021 and newer-home value about 22%. Priced to today’s market and your home’s generation, the equity here is real and proven.

📄 Terra Vista — Seller Market Report