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Pensacola Real Estate-Pensacola MLS Update!

Pensacola Real Estate on the east side, for January is being bought primarily by bargain hunters.

As you can see by the table below, the average sold price, so far this year for Pensacola MLS  areas  three and four,  of  127,300 is well  below the year end median price of 133,000 for the Pensacola Real Estate market as a whole.

Areas three and four in the Pensacola MLS includesthe entire eastern side of Pensacola, from downtown, north to intersate 10, and have some of the most desireable neighborhoods in Pensacola Real Estate

 Sold Property Analysis

Address List Price Sold Price DOM % Chg %SP/OLP SP/Sqft
7730 FITCH AVE $61,000 $56,500 57 7.4% 92.62% $55.12
1838 SAN DOLLAR CIR $32,000 $33,501 14 -4.7% 104.69% $23.76
5936 MONA LN, unit B $40,000 $40,000 9 0.0% 100.00% $46.30
3805 KINGSBERRY DR $72,100 $70,000 428 2.9% 56.45% $40.51
3565 RIDDICK DR $145,000 $145,000 64 0.0% 100.00% $87.77
4314 WHITELEAF CT $250,000 $225,000 107 10.0% 90.00% $98.60
4831 OLIVE RD, unit 3B $54,900 $55,000 209 -0.2% 64.71% $41.42
7547 SOUTHPOINTE PL $64,900 $65,000 707 -0.2% 65.07% $57.93
3045 DEL MONTE DR $94,900 $93,900 147 1.1% 96.90% $77.48
2520 BELLE CHRISTIANE CIR $269,900 $265,000 79 1.8% 98.18% $113.93
2206 INVERNESS DR $335,000 $320,000 1148 4.5% 80.00% $86.30
2299 SCENIC HWY, unit R12 $79,900 $70,000 188 12.4% 87.61% $69.03
14 HILLBROOK WAY $130,000 $115,000 151 11.5% 88.46% $52.27
903 TEXAR DR $59,900 $54,500 90 9.0% 90.98% $54.50
1721 BAARS ST $95,000 $85,000 21 10.5% 89.47% $69.16
2210 MAXWELL ST $379,900 $343,500 53 9.6% 90.42% $141.13
1207 8TH AVE $19,999 $14,500 106 27.5% 48.33% $14.50
534 ZARAGOSSA ST E, unit 7 $259,000 $240,000 10 7.3% 92.66% $170.58
Total Averages $135,744 $127,300 199 6.2% 86.88% $72

Also it is interesting to note the low average  price of 72$ per square foot for the homes sold so far.

There are a couple of notable exceptions. 2210 Maxwell Street sold for 141.13 dollars per square foot and 2520 Belle Christian that sold for 113.93 Per square foot.

The sale of 2210 Maxwell at a high price per foot is easy to explain as it is in the very desirable eastern most part of the  East Hill neighborhood.

Also the sale of 2520 Belle Christian for 113.93 per square foot also makes sense, as it is located in a secluded and very well maintained neighborhood that is very close to shopping and downtown activities.

Also both of these homes, although not new, seemed to have been updated nicely. And as usual the cliché’ ” location location location” brought the highest prices per square foot.

As for the rest of the current sales in east Pensacola For January 2012, eleven of the eighteen were below $100,000, and they were a mixed bag including several short sales and several foreclosures, with one property selling for a  very low 14.50 per square foot and another at 1838 san Dollar Circle selling for  23.76 per square foot which was a foreclosure, and a quick cash sale that closed in 15 days  and had only been on the market for a couple of weeks.

 To find out more about Pensacola Real Estate call Jim Holland at

850-206-6140 or e-mail [email protected]

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