Pensacola Real Estate Market Data For 2007 - Waterfront Properties
November 16th, 2007 Categories: Pensacola Market Data
Waterfront Residential Properties in
Escambia and Santa Rosa Counties
|
Description |
Number of Listings |
Average Asking or Sold Price |
Average Price Per Sq Ft |
Average Days On Market |
|
Active Listings on Market Currently |
360 |
$880,000 |
$300 |
223 |
|
Listings Sold In 2007 |
114 |
$568,500 |
$215 |
165 |
This table provides Pensacola market data statistics on residential single family waterfront homes in the Pensacola real estate market. As you can see, there is a huge disparity between prices of homes on the market and those that sold in 2007. Waterfront properties were very hot before hurricanes started to batter the gulf coast.
There has now been a shift in the perception of the value of Pensacola waterfront property, at least on the buyers’ side. It appears sellers still want a lot for their property, but the buyers aren’t paying it. Where the buyers are really paying is in their home owner’s insurance premiums. Waterfront still doesn’t come cheap, and neither does the insurance that goes along with it.
The next table shows vacant waterfront lots and acreage in the Pensacola real estate market.
Pensacola Real Estate Market Data For 2007
Waterfront Vacant Lots and Acreage in
Escambia and Santa Rosa Counties
|
Description |
Number of Listings |
Average Asking or Sold Price |
Average Price Per Acre |
Average Days On Market |
|
Active Lots/Acreage on Market Currently |
479 |
$614,500 |
$1,542,000 |
334 |
|
Lots/Acreage Sold In 2007 |
49 |
$341,900 |
$697,000 |
223 |
It looks like sellers of waterfront land are even more unrealistic about pricing than sellers of waterfront residential homes. Note that the average asking price per acre is over twice as much as the average sold price per acre.
If you would love to live on the water, there are some good deals for waterfront homes and lots. Contact me for more info. I can help you sort through the properties to find the real values.
The table shows the market data for Pensacola waterfront properties.
These properties do not include lakefront properties, or properties on creeks and streams.
The numbers above are created using data from the Pensacola MLS and are deemed reliable but not guaranteed
Check out the Pensacola Market Data for the month of October by clicking below:
October 2007 Pensacola Market Data
October 2007 Market Data for Pensacola Beach and Perdido Key
I like your tables on Pensacola market data– they are so much easier to read than most!
Thank you Sandi. I appreciate the compliment. I try to make everything very easy for people who aren’t in real estate to read and understand. I’m still working on making them look better, but what I’ve got works for now. Thanks for stopping by.
Karl