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Jack Lara

Pensacola Things to Do: Excellent Steaks | Home + Acreage in Molino Florida

07-11-09
Jack Lara

Coach N' Four Steak House: The steaks are delicious due to their secret receipe for seasoning the steak. Seafood is excellent too. They are located across from Five Flags Speedway. Great place to go after the Blue Angel show on Pensacola Beach.

7445 Pine Forest Rd
Pensacola, FL 32526-8816
(850) 944-1600‎

Horse Lovers! I am about to put a property up for sale in Molino. Molino is north of Pensacola and is about a 45 minute drive downtown Pensacola. To the Nine Mile Road area of north Pensacola it is only about 25 to 30 minutes to Molino. House sits on 3 acres and is completely vinyl fenced. The house has just over 2,000 square feet and was built in 2002. There is an attached garage as well as a 3 stall barn.

Molino Florida

Pensacola Florida Blue Angels Pensacola Beach Show

07-08-09
Jack Lara

 

Pensacola Beach Saturday July 11, 2009

Enjoy the flying and the beach of the Gulf Coast.  Beautiful Pensacola Beach

 

 

 

 

Jack Lara, Realtor at Keller Williams Realty of Pensacola

Find out what homes are selling for in Pensacola and Santa Rosa County at HomeValue411.info

There are currently 3,622 residential detached houses for sale in our market area of Escambia and Santa Rosa County.  About a 12 month supply of homes for sale.

Schools:  Escambia County  | Santa Rosa County

Pensacola Real Estate News Market Report

07-03-09
Jack Lara

To everyone happy and safe 4th of July.

The number of residential detached homes for sale in Escambia and Santa Rosa County is 3,661. There were 373 closed sales in June. Our market has an inventory level of 10.90 months, we are below one year! At this time last year our inventory was at 12.83 months.

There are less sellers in the market today. We have averaged just over 4,100 homes for sale every month this year compared to last year's 4,500. Last year we averaged 324 closed sales per month whereas this year the average has been 301 per month. The percentage of sales to inventory is almost the same as last year. Why is inventory lower? There are less sellers in the market because some have given up selling, some sellers have been foreclosed and have not come back on the market as a foreclosure, some sellers have rented their house, and some sellers are in the process of being foreclosed (not marketed as a short sale).

Start your real estate move at Pensacola Area Properties.com

Waterfront Home for Sale $190,000

Contemporary Home near NAS Pensacola $160,000 will have Open House on July 18th from 1 to 4 P.M.

Investors $30,000 house

Jack Lara, Realtor at Keller Williams Realty of Pensacola

Email: JackLara@kw.com or call (850) 554-9543

Pensacola Real Estate News: Interest Rates Up

06-23-09
Jack Lara
  • Interest rates have gone up approximately 1 point in the past 30 days
  • One month ago the mortgage rates were at 4.75%, today we are looking at 5.75%
  • Mortgage rate movements upward reduce the number of buyers available for any given price point
  • A rate jump of 1 point may push prices down by as much as 10%
  • Fed debt may be one of the reason for rates to move upward as the debt is finance thru purchases in the bond market
  • Short sales and foreclosures impacting the market especially the foreclosures moving prices downward
  • Unemployment forcing owners to sell
  • One year supply of houses for sale

What does a rate increase from 4.75% to 5.75% do to a $150,000 loan? The payment on a 30 year term would go from $782 to $875 per month. And at 6.75% the monthly payment would be $972.

Jack Lara, Realtor at Keller Williams Realty of Pensacola in Florida JackLara@kw.com

Find out what homes are selling for at HomeValue411.info

Northeast Pensacola Market Report

06-20-09
Jack Lara

List Price Ave Sold Price Median Days on Market # Sold

May 2008 $161,273 $154,861 $142,900 99 23

May 2009 $171,671 $161,162 $151,950 106 34

There are currently 225 single family homes for sale in Northeast Pensacola

Free Real Estate Market Snapshot

Interest rates rising...looking at about 5.75% for primary residences. Just got a quote from a lender of 6.375% for an investor loan with 20% down payment. Will interest rates continue to rise? If you are a buyer in this buyer's market it is time to buy now. I expect to see a jump in activity from buyers as they become aware of interest rates rising, $8,000 tax credit, and good values.

Ponder this, when do you know when rates have bottom out? When you see rates rising. Don't try to time the market. If you are in the market the timing will find you.

Jack Lara, Realtor at Keller Williams Realty of Pensacola

Email: JackLara@kw.com

Home Search click here: PensacolaAreaProperties.com