Pensacola Real Estate-Pensacola MLS Update!
January 25th, 2012 Categories: Pensacola Market Data
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 hollandjames@hotmail.com