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Pensacola Real Estate Market Report For Week Ending June 28, 2008

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

  

Pensacola Real Estate Market Data

Pensacola Real Estate Market Data

   

Welcome to the weekly Pensacola real estate market report. This report covers the week of June 22-28. 

We saw a big jump in sales at the end of May. The jump in home sales at the end of June was actually a little higher.

If you look at the full last week in June, which is June 24-30, total sales were 159+. More sold properties will be added as slowpoke real estate agents put in their closed listings.  

I have noted, as have many real estate agents that I have spoken to, that things are picking up

I have done quite a bit of home searching for clients this past week and it seems like every other home I came across was a short sale.

Read my article on Pensacola Real Estate Short Sales – Is It Worth It   for more information on why short sales are so frustrating for both the real estate agent and the buyer.

Currently, the Pensacola MLS doesn’t have a specific field for Short Sales. This makes it hard to determine just how many short sales are listed in the Pensacola market.

However, next week the MLS will be updated to include a new searchable field that will include a Short Sale category. This will help us determine just what our percentages of short sales on the market are. 

I have asked over the past several weeks why all these bargain priced homes are just sitting on the market and not being purchased by saavy buyers? Now I wonder if buyers are trying to purchase them but the banks are just too overwhelmed with foreclosures to deal with the offers coming in.   

If you can buy now, it is a good time, in my opinion.  

See my article: Buy Now Or Pay Later – Pensacola Real Estate Mortgage Rates Are Rising

Look for an upcoming 6 Month beach report where I will show the active real estate listings and sales on Pensacola Beach and Perdido Key for the first 6 months of 2008.

- 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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