The easternmost Village of Citrus Hills · quarter-acre lots on three former-phosphate lakes · low HOA, no mandatory club
Prepared October 1, 2026 · Resale single-family homes
SELLER'S MARKET
3.1 months of homes for sale, yet only 2 are under contract and per-foot values are off their peak — the price you set decides your outcome.
$303,725 · $173/sq ft
What a typical resale home sells for today
50 vs 169 days on market
Priced right sells in ~7 weeks; overpriced sits ~5½ months
−6.2%
Resale value per sq ft off its 2025 peak — price to today, not the peak
The Bottom Line
Canterbury is the value-and-freedom play inside Citrus Hills — a low HOA, three fishing lakes, and the one village where the club membership stays optional, so it draws families as much as the 55+ crowd. It favors sellers on supply (about 3.1 months of inventory — just 7 homes for sale, though only 2 under contract), yet per-foot resale value sits about 6.2% below its 2025 peak (still up ~22% since 2021), and about 8% of sales are brand-new builds. That makes pricing discipline everything: over the past year, priced right, homes sold in about 50 days at 95.7% of ask; overpriced, they sat 169 days and gave up a median of $40,000.00. Price to today’s resale comps — not a 2025 peak or a builder’s new-home sign.
Prepared October 1, 2026 Single-family homes · resale 176 listings analyzed · 2021–2026
SELLER’S MARKET
With about 3.1 months of homes for sale, Canterbury favors sellers on supply — just 7 are listed and 2 have cut price, but only 2 are under contract and per-foot value sits about 6.2% below its 2025 peak (still up ~22% since 2021). This is Citrus Hills’ value village — so pricing to today’s resale market is everything.
$303,725.00
Median resale price last 12 months
$173.42
Resale price paid per living sq ft (12 mo.)
95%
Of original asking price — what sellers ultimately got
50 days
Median market time when priced right from day one
7 / 2 / 25
Homes for sale / under contract / resales sold in 12 months
1 in 5.6
Listings in the current cycle that never sold at all
What’s Really Happening Here
Canterbury Lake Estates is the easternmost Village of Citrus Hills — quarter-acre lots on three lakes formed from old phosphate pits, with a clubhouse and pool. What sets it apart is a low HOA and an optional country-club membership, so it draws families, not just the 55+ crowd. The typical resale sold near $303,725.00 ($173 a foot) this past year; just 7 homes are for sale against 2 under contract, and 2 have already cut price.
Long term it has held up — per-foot value is up about 22% since 2021 — but it has eased about 6.2% off its 2025 peak. In a value-minded village, the discipline that sells is pricing to the resale record, and that record is lopsided:
✓ Priced right from day one — 18 homes
Median time to contract50 days
Got of original asking price95.7%
Median given up from first price$13,700.00
✗ Overpriced, then cut — 7 homes
Median time to contract169 days
Got of original asking price88.6%
Median given up from first price$40,000.00
The 25 resale closings of the past 12 months (new construction excluded). "Priced right" = sold with no price reduction; "overpriced" = reduced at least once before selling.
⚠ A note on new construction: about 8% of sales here are newly built homes, priced off a builder’s cost sheet rather than the resale market. Pricing your home to a new build is the fastest way to overprice — every figure here is resale-only.
What This Means for Your Pricing
Price to the sold data, not a hopeful number. Per-foot value is about 6.2% off its 2025 peak — the homes that clear are priced to the last 12 months of resale comps, not a 2025 memory or a new build’s price.
Overpricing is expensive. The overpriced-then-cut sellers waited far longer and gave up a median of $40,000.00 from first price to close — 169 days versus 50 when priced right.
Take every serious offer seriously. About 25 resale buyers closed here this past year — in a value market this size, the first strong offer is often the best you’ll see.
Canterbury Lake Estates · The Numbers Behind the Story · Resale Homes
Resale Value Per Square Foot, by the Year — What the Market Actually Did
Median resale value per square foot by calendar year (2026 is year-to-date through September). We chart per-foot value, not median price: median price lurches on which sizes happen to sell, while price-per-foot shows what the market actually did — a climb to a 2025 peak near $184, then an ease of about 6.2%.
Resale Values, by the Year
Year
Sold
Median Price
$/SqFt
DOM
Ask
2021
17
221,900.00
$140.78
10
47%
2022
15
280,000.00
$177.48
4
47%
2023
22
300,000.00
$178.06
34
18%
2024
16
315,000.00
$181.39
26
19%
2025
17
320,000.00
$183.63
56
24%
2026 YTD
23
303,725.00
$172.21
56
4%
Resale homes only; full calendar years with 2026 as year-to-date through September. The $/SqFt column isolates real value change from which sizes happened to sell.
The Peak Test: on value per square foot — the truest read across mixed home sizes — Canterbury peaked in 2025 near $184 a foot and sits near $172 today, about 6.2% lower (still up roughly 22% since 2021). Anchoring to that 2025 figure, or to a brand-new build’s price, is the most expensive mistake a seller can make here.
The Number Nobody Shows You
1 in 5.6
resale listings in the current cycle left the market unsold (5 of 28 — expired or withdrawn)
134 days
how long this cycle’s failed listings sat before giving up — nearly all simply priced too high
Not every listing sells. About 1 in 5.6 resale listings this cycle ended without a sale. In a market this size, overpricing doesn’t just slow a sale — it can kill it, and a long market history invites a harder negotiation.
Long-run perspective: resale value per square foot is up about 22% since 2021. Priced to today’s market — not the peak — your home has real equity and the data on its side.