January 27th, 2012 Categories: Pensacola Beach
I wanted to post a little bit about the condominium market on Pensacola beach that I find interesting.
First, that we have a total of 124 active condos listed, and in 2011 we sold a total of 149.
That indicates to me that by the end of this year we may have consumed most, if not all of the excess inventory that has been on Pensacola Beach for the last several years.
I know a lot of people think that the number of foreclosures still to come will keep inventory high, but according to the Pensacola MLS, of the current 124 condos for sale on Pensacola Beach only 9 are foreclosures or short sales, and as you can see by the chart below six of those are in Portofino,which only leaves four foreclosures or short sale starting off the year.
That is a far lower percentage of foreclosures or short sales than the rest of the Pensacola Real Estate market,and far lower then we have had on Pensacola Beach for years.
|.||Sta||Street Address||Bed||Baths||SqFt||Year Built||L Price||S Price||Sold Date||DOM|
|1||A||999 FT PICKENS RD, unit 201||2||2||1,140||1975||$244,900||$0||17|
|2||A||FIVE PORTOFINO DR, unit 1106||2||3||1,333||2006||$304,900||$0||133|
|3||A||22 VIA DELUNA DR, unit 1606||2||2||1,100||1997||$330,000||$0||1226|
|4||A||FOUR PORTOFINO DR, unit 706||2||2||1,333||2006||$330,000||$0||689|
|5||A||FOUR PORTOFINO DR, unit 1409||2||3||1,333||2006||$349,900||$0||94|
|6||A||FIVE PORTOFINO DR, unit 1509||2||3||1,333||2006||$359,000||$0||1461|
|7||A||1 PORTOFINO DR, unit 1103||2||3||1,333||2003||$359,000||$0||5|
|8||A||721 PENSACOLA BEACH BLVD, unit 502||3||3||2,100||2004||$495,000||$0||157|
|9||A||TWO PORTOFINO DR, unit 1001||3||4||2,034||2003||$499,000||$0||382|
|©2012 Solid Earth, Inc. Active Maps|
To get more information on Pensacola Real Estate
call Jim Holland at 850-206-6140
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