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Pensacola Real Estate Market Data – Week Ending Feb 9, 2008

Pensacola Real Estate Market Data
Weekly Update For Residential Listings 
In Escambia and Santa Rosa Counties

 

Market_Report_02-09-08

 

The previous week did not bring the changes I was hoping for. After the January 27 week of a 100 sales, I thought things might be starting to pick up. But then last week came in at only 56 sales. And to make matters worse, 12 of those 56 sales were Beach Club Condos on Pensacola Beach. While it is nice to see some sales at the beach, 12 units in the same condo selling all at once does not really factor in to how the local real estate market is performing. The sales of these Pensacola Beach condos is what brought up the average sold price in the table. It is likely that most of these condo sales were made to investors. Pensacola is in a strong buyer’s market, but the buyers do not seem ready to come out and take advantage of the great deals available. I’ve been reading a lot in the press lately about why now is the time to buy. Maybe prospective Pensacola home buyers are not reading the papers and internet news.  

- The table shows the weekly market data for Pensacola residential property.
- These numbers include only residential homes and condominiums in Escambia and Santa Rosa Counties that are listed in the Pensacola MLS.
- They do not include vacant land or lots, mobile homes or manufactured homes or Pensacola FSBOs.
- The numbers above are created using data from the Pensacola MLS and are deemed reliable but not guaranteed

Click on Pensacola Real Estate News for a list of articles indexed by category.

 

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