Archive for the 'Pensacola Market Data' Category
Pensacola Real Estate News Market Report For Week Ending August 9, 2008
August 19th, 2008 Categories: Pensacola Market Data
Pensacola Real Estate Market Data
Weekly Update For Residential Listings
In Escambia and Santa Rosa Counties
Here is another weekly Pensacola real estate market report. This one covers the week of August 3-9, 2008.
This week we saw a typical slow start in home sales at the beginning of each month. As you can see from the table, sales always pick up towards the end of each month. And our homes on the market dropped again, but not by much. Overall, there is very little to report on market changes. So I’ll just babble about insurance for a bit.
We’re in the middle of hurricane season right now, so getting homeowners insurance for your real estate can be tricky when there is an active tropical storm in the area. Tropical Storm Fay was hitting southern Florida as I wrote this report.
It is a good idea to bind your homeowner’s insurance policy if you are buying a home during hurricane season. Ask your insurance agent about binding the policy. If you do not bind your policy and a storm is in the Gulf/Carribean/Atlantic Ocean area, the insurance company may not issue you a policy, which could delay closing on your home.
If you are in the market for a home insurance policy, or any insurance policy, check out my article “Think You’re In Good Hands? Think Again “. New information has come out about Allstate and its settlement with the state of Florida. I will be posting that information within a few days. Big companies that bully consumers really piss me off. Please read the article linked above before you buy insurance of any kind.
If you are interested in sales of homes in different areas of Pensacola, check out my Pensacola Real Estate Market Report By Area post which breaks out the sales by different areas Northwest Florida.
- The table shows the weekly market data for Pensacola residential property.
- These numbers include only residential homes and condominiums in Escambia County and Santa Rosa County that are listed in the Pensacola MLS.
- They do not include vacant land or lots, mobile homes or manufactured homes or Pensacola FSBOs.
- The numbers above are created using data from the Pensacola MLS and are deemed reliable but not guaranteed
Click on Pensacola Real Estate News for a list of articles indexed by category.
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Pensacola Real Estate Weekly Market Update for Week Ending August 2, 2008
August 14th, 2008 Categories: Pensacola Market Data
Pensacola Real Estate Market Data
Weekly Update For Residential Listings
In Escambia and Santa Rosa Counties
Here is another weekly Pensacola real estate market report. This one covers the week of July 27 - August 2.
This week we saw a nice end-of-month increase in sales. And our homes on the market dropped by almost 100. Part of that drop appears to be from 246 listings that expired or were withdrawn from the Pensacola MLS. We also saw more new homes coming on the market than normal. There seems to be a lot of activity in the Pensacola Real Estate market.
An interesting point to note is that the Pensacola MLS indicates that only 14 of the 232 new homes listed for sale are foreclosure properties. This shows that foreclosures are not as rampant as the media might make them sound, at least in Pensacola Florida. Of the new homes listed, 18 are listed as short sales.
If you are facing potential foreclosure and would like some help, Florida residents can now get free legal help in dealing with foreclosures. See my article Free Real Estate Advice For Florida Home Owners Facing Foreclosure .
For more on Short Sales, check out Real Estate Short Sales - Is It Worth It?
Check out my 6 Month Pensacola beaches market report where I show the active real estate listings and sales on Pensacola Beach and Perdido Key for the first 6 months of 2008.
If you are interested in sales of homes in different areas of Pensacola, check out my Pensacola Real Estate Market Report By Area post which breaks out the sales by different areas Northwest Florida.
- The table shows the weekly market data for Pensacola residential property.
- These numbers include only residential homes and condominiums in Escambia County and Santa Rosa County that are listed in the Pensacola MLS.
- They do not include vacant land or lots, mobile homes or manufactured homes or Pensacola FSBOs.
- The numbers above are created using data from the Pensacola MLS and are deemed reliable but not guaranteed
Click on Pensacola Real Estate News for a list of articles indexed by category.
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Pensacola Real Estate Market Report for July 2008
August 4th, 2008 Categories: Pensacola Market Data
Pensacola Market Data For July 2008
Residential Properties in
Escambia and Santa Rosa Counties
The table shows the Pensacola real estate market data for the month of July 2008, as compared to previous months. Pensacola home sales have not quite reached the level they did in the previous 2 months, but they may get there yet as slower agents put their sold listings into the MLS.
When I did my monthly report for June, there were only 433 sold listings for June entered in the Pensacola MLS. In the following weeks, 36 more sold listings were added for June, bringing the total sold to 469. This kind of delay in getting sold listings put in the MLS just makes the numbers less useful and is a disservice to the community of real estate professionals who are trying to help their clients with accurate comparable properties in buying and selling homes.
I’ll get off my soapbox now and talk a little about the market. Inventory of homes is holding steady and we are doing fair as far as sold homes go. I think once all the numbers are in, we will have a decent month, relative to this slow market. There is not much more to tell this month. I’d love to give a more exciting report, but we are where we are, and that is not too exciting from a real estate perspective.
Keep checking back for my weekly and monthly updates to keep abreast of what is going on in this market.
If you are interested in sales of homes in different areas of Pensacola, check out my Pensacola Real Estate Market Report By Area post which breaks out the sales by different areas Northwest Florida.
And remember buyers, if you are waiting for the market to bottom out, it is likely the market will be moving back up by the time you buy.
- The table shows the monthly market data for Pensacola residential property.
- These numbers include only residential homes and condominiums in Escambia County and Santa Rosa County that are listed in the Pensacola MLS.
- The numbers do not include vacant land or lots, mobile homes or manufactured homes.
- The numbers are generated using data from the Pensacola MLS and are deemed reliable but not guaranteed
Click on Pensacola Real Estate News for a list of articles indexed by category.
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Pensacola Real Estate Market Report For Week Ending July 26, 2008
July 31st, 2008 Categories: Pensacola Market Data
Pensacola Real Estate Market Data
Weekly Update For Residential Listings
In Escambia and Santa Rosa Counties
Here is another weekly Pensacola real estate market report. This one covers the week of July 20 - 26.
There is not much to report this week that is any different from the previous few weeks. What I don’t like is seeing the inventory of homes (active listings) increasing. Hopefully sales will increase even more as we get closer to the end of the month and bring that number back down.
Check out my 6 Month Pensacola beaches market report where I show the active real estate listings and sales on Pensacola Beach and Perdido Key for the first 6 months of 2008.
It appears that foreclosures are still rising. If you are facing potential foreclosure and would like some help, Florida residents can now get free legal help in dealing with foreclosures. See my article Free Real Estate Advice For Florida Home Owners Facing Foreclosure .
If you are interested in sales of homes in different areas of Pensacola, check out my Pensacola Real Estate Market Report By Area post which breaks out the sales by different areas Northwest Florida.
- The table shows the weekly market data for Pensacola residential property.
- These numbers include only residential homes and condominiums in Escambia County and Santa Rosa County that are listed in the Pensacola MLS.
- They do not include vacant land or lots, mobile homes or manufactured homes or Pensacola FSBOs.
- The numbers above are created using data from the Pensacola MLS and are deemed reliable but not guaranteed
Click on Pensacola Real Estate News for a list of articles indexed by category.
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Pensacola Real Estate News Weekly Market Report for Week Ending July 19, 2008
July 26th, 2008 Categories: Pensacola Market Data
Pensacola Real Estate Market Data
Weekly Update For Residential Listings
In Escambia and Santa Rosa Counties
Here is another weekly Pensacola real estate market report. This one covers the week of July 13 - 19.
There is not much to report this week that is any different from the previous few weeks. Sales are up a little, and I expect they will increase even more as we get closer to the end of the month.
News reports show that foreclosures are still rising, and we are seeing that in the Pensacola real estate market. Short sales are everywhere these days.
I have done quite a bit of home searching for clients recently and it seems like every other home I came across is a short sale. It is almost assured that when I find a home that looks like a really good deal, it turns out to be a short sale.
Check out my article on Pensacola Real Estate Short Sales - Is It Worth It for more information on why short sales are so frustrating for both the real estate agent and the buyer.
Look for more posts coming soon about the number of short sales on the market and the problems with buying bank owned foreclosure properties.
Check out my 6 Month Pensacola beaches market report where I show the active real estate listings and sales on Pensacola Beach and Perdido Key for the first 6 months of 2008.
If you are interested in sales of homes in different areas of Pensacola, check out my Pensacola Real Estate Market Report By Area post which breaks out the sales by different areas Northwest Florida.
- The table shows the weekly market data for Pensacola residential property.
- These numbers include only residential homes and condominiums in Escambia County and Santa Rosa County that are listed in the Pensacola MLS.
- They do not include vacant land or lots, mobile homes or manufactured homes or Pensacola FSBOs.
- The numbers above are created using data from the Pensacola MLS and are deemed reliable but not guaranteed
Click on Pensacola Real Estate News for a list of articles indexed by category.
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Pensacola Real Estate Beach Market Report For The First Half Of 2008
July 20th, 2008 Categories: Pensacola Beach, Pensacola Market Data, Perdido Key
Pensacola Market Data For Residential Properties
On Pensacola Beach And Perdido Key Florida
January - June 2008
The numbers in the table show the Pensacola real estate sales on the beaches for the first 6 months of 2008.
As of the writing of this report there are 11 Perdido Key Condo sales Pending and 6 Pensacola Beach Condo sales Pending. The total number of homes and condos for sale on the beach has not increased since January, so we are holding steady on inventory in the mid 700s.
The table above just gives a snapshot of the market at this time, which does not really tell a story. The table below is much more interesting.
Pensacola Market Data For Beach Homes and Condos
On Pensacola Beach And Perdido Key
For the First 6 Months Of Each Year
Be aware that the numbers showin in the table are only for the 1st 6 months of each of the years listed. This was the only way to make a good comparison to 2008. At the end of 2008 I can give you a full years worth of data on the beach real estate report.
What we can see in this table is the way the real estate markets on the beaches have moved since 2000. Here are some observations:
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If you purchased beach real estate from 2000 to 2004, you are doing well as far as the value of your investment
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2002-2004 were the hottest years as far as beach real estate sales volume. During this period, the beach homes and condos were much more affordable and we saw sales from 180 to almost 300 units.
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2005-2007 saw decreasing sales and increasing days on market as prices rose sharply.
Now in 2008 we see sales up just a little above the 2007 levels and prices holding steady. Many Pensacola real estate agents believe that prices on the beaches have pretty much bottomed out. I will provide future reports on the beaches and we’ll see if that is indeed true.
- The table shows real estate market data for Pensacola condos and residential homes on the beaches.
- Vacant land or lots are not included.
- The numbers above are created using data from the Pensacola MLS and are deemed reliable but not guaranteed
Click on Pensacola Real Estate News for a list of articles indexed by category.
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Pensacola Real Estate Weekly Market Report For Week Ending July 12, 2008
July 18th, 2008 Categories: Pensacola Market Data
Pensacola Real Estate Market Data
Weekly Update For Residential Listings
In Escambia and Santa Rosa Counties
Here is another weekly Pensacola real estate market report. This one covers the week of July 6 - 12.
After a very good end-of-June showing in the local real estate market, we have had a major slow down this week. That is fairly typical for the beginning of the month. I’m just hoping for something fun to write about, but there is really nothing new to report this week, so I’ll go with the same short sale blurb that I used the previous week. It still applies, and apparently will for quite some time.
I have done quite a bit of home searching for clients this few weeks and it seems like every other home I came across is a short sale.
Check out my article on Pensacola Real Estate Short Sales - Is It Worth It for more information on why short sales are so frustrating for both the real estate agent and the buyer.
Look for more posts coming soon about the number of short sales on the market and the problems with buying bank owned foreclosure properties.
Look also for an upcoming 6 Month beach report where I will show the active real estate listings and sales on Pensacola Beach and Perdido Key for the first 6 months of 2008.
If you are interested in sales of homes in different areas of Pensacola, check out my Pensacola Real Estate Market Report By Area post which breaks out the sales by different areas Northwest Florida.
- The table shows the weekly market data for Pensacola residential property.
- These numbers include only residential homes and condominiums in Escambia County and Santa Rosa County that are listed in the Pensacola MLS.
- They do not include vacant land or lots, mobile homes or manufactured homes or Pensacola FSBOs.
- The numbers above are created using data from the Pensacola MLS and are deemed reliable but not guaranteed
Click on Pensacola Real Estate News for a list of articles indexed by category.
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