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Pensacola Real Estate Beach Market Report For The First Half Of 2008

Pensacola Market Data For Residential Properties
On Pensacola Beach And Perdido Key Florida
January – June 2008

Pensacola Beaches Real Estate Market Data

The numbers in the table show the Pensacola real estate sales on the beaches for the first 6 months of 2008.

As of the writing of this report there are 11 Perdido Key Condo sales Pending and 6 Pensacola Beach Condo sales Pending. The total number of homes and condos for sale on the beach has not increased since January, so we are holding steady on inventory in the mid 700s.

The table above just gives a snapshot of the market at this time, which does not really tell a story. The table below is much more interesting.

Pensacola Market Data For Beach Homes and Condos
On Pensacola Beach And Perdido Key
For the First 6 Months Of Each Year

Pensacola Beaches Real Estate Market Data Comparison

Be aware that the numbers showin in the table are only for the 1st 6 months of each of the years listed. This was the only way to make a good comparison to 2008. At the end of 2008 I can give you a full years worth of data on the beach real estate report.

What we can see in this table is the way the real estate markets on the beaches have moved since 2000. Here are some observations:

Now in 2008 we see sales up just a little above the 2007 levels and prices holding steady. Many Pensacola real estate agents believe that prices on the beaches have pretty much bottomed out. I will provide future reports on the beaches and we’ll see if that is indeed true.

– The table shows real estate market data for Pensacola condos and residential homes on the beaches.
– Vacant land or lots are not included.
– 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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  1. Kim on the Beach

    Hi Karl,

    I think you have some good observations. I think one point you touched on is really important; the current pricing on Perdido Key and Pensacola Beach targets a very different market segment. Median property prices have more than quadrupled since 2000 pricing some folks out of this market. I think this also accounts for the increase in the number of days on the market.

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