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Pensacola Real Estate Weekly Market Update for Week Ending August 2, 2008

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

Pensacola Real Estate Market Data

Here is another weekly Pensacola real estate market report. This one covers the week of July 27 – August 2

This week we saw a nice end-of-month increase in sales. And our homes on the market dropped by almost 100. Part of that drop appears to be from 246 listings that expired or were withdrawn from the Pensacola MLS. We also saw more new homes coming on the market than normal. There seems to be a lot of activity in the Pensacola Real Estate market. 

An interesting point to note is that the Pensacola MLS indicates that only 14 of the 232 new homes listed for sale are foreclosure properties. This shows that foreclosures are not as rampant as the media might make them sound, at least in Pensacola Florida. Of the new homes listed, 18 are listed as short sales.  

If you are facing potential foreclosure and would like some help, Florida residents can now get free legal help in dealing with foreclosures. See my article Free Real Estate Advice For Florida Home Owners Facing Foreclosure .

For more on Short Sales, check out Real Estate Short Sales – Is It Worth It?

Check out my 6 Month Pensacola beaches market report where I show the active real estate listings and sales on Pensacola Beach and Perdido Key for the first 6 months of 2008.

If you are interested in sales of homes in different areas of Pensacola, check out my Pensacola Real Estate Market Report By Area post which breaks out the sales by different areas Northwest Florida.

- The table shows the weekly market data for Pensacola residential property.
- These numbers include only residential homes and condominiums in Escambia County and Santa Rosa County 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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