Here is some compiled data on the Pensacola real estate home and condo sales on Pensacola’s beaches. This includes homes, townhomes, and condos on Pensacola Beach and Perdido Key.
To find out about new homes to be built in the Pensacola real estate market, or existing homes, anywhere in the Pensacola real estate market call Jim Holland at 850-206-6140
Notice the great differences between 2009 and all the previous years listed. The prices in 2009 are considerably lower than all previous years listed, but Days On Market (DOM) are very high. In fact, at $231 per square foot, beach real estate is almost $80 a square foot less than it has been at any time in the past 6 years. This is likely one reason sales are picking up on the beaches.
On the date this report was written, there were 508 active Pensacola homes and condos for sale on Pensacola Beach and Perdido Key.
The charts below give a graphical representation of sales per year and average sold price over the past 6 years.
The graph above shows homes, townhomes and condos sold on Pensacola Beach and Perdido Key over the last 6 years. The graph below shows the average price at which beach real estate sold over those same years.
Given the price level in 2009, this could be considered the best times the past 6 years to purchase Pensacola real estate on the beaches. In an upcoming market report, I’ll look at price levels in the first quarter of 2010.