Pensacola Real Estate Market for Residential Detached Single Family Houses (Escambia & Santa Rosa County)
January February March Total One Year Ago March
Number of New listings 639 628 681 1,948 806
Contingent Contracts 210 230 301 741 242
Pending Contracts 252 234 247 733 291
Closed Sales 207 226 275 708 272
Withdrawn Did Not Sell 287 234 264 785 287
Expired Did Not Sell 420 234 312 966 251
New Listing to Sold Ratio from Jan to March 2.75. This means that for every one sale there are nearly three houses going up for sale. The longer your house stays on the market the more stale it gets and less likely to sell. The ratio in March was 2.48 and when compared to March of 2008 the ratio was 2.96.
Did not Sell to Sold Ratio from January to March was 2.47. This means that for every house that sold more than twice as many failed to sell during the listing period. The ratio in March was 2.09 and in March 2008 that number was 1.98.
Search the Pensacola Real Estate market at www.PensacolaAreaProperties.com
Jack Lara, Broker-Associate at Keller Williams Realty of Pensacola 7140 N. 9th Ave Pensacola Fl 32504
Refundable tax credit: what does this mean?
Another reason to stop paying rent. Look at what your monthly principal & interest payment would be on a $100,000 loan on 30 year term.
At 4.5% the payment would be $506.68
At 5.0% the payment would be $536.82
Visit and Search for Pensacola Real Estate here. Find out what is selling around your Pensacola Area Home at HomeValue411.Info.
Jack Lara, Broker-Associate at Keller Williams Realty of Pensacola
(850) 554-9543
Local Builder, Adams Homes has rolled out a new program
"Adams Assurance"
If Adams Homes lowers the price prior to the completion of a house they will honor the new price. This is a relief especially during a down market.
They are also offering Interest Rate protection. When a customer uses an approved lender Adams will arrange for a customer's rate to be locked in for 150 days with a float down option. That is a win-win.
Other parts of the program include: mortgage payment protectin, on-time delivery guarantee, and closing cost payment.
Interested in New Construction give me a call (850) 554-9543
Stats: The number of residential detached houses sold/closed in February were 224 and January 2009 saw 207 closed detached houses. Here is a breakdown going back to January 2008
Jan 2008 245
Feb 291
March 308
April 344
May 390
June 416
July 379
Aug 330
Sep 318
Oct 325
Nov 231
Dec 311
info obtained from the Pensacola MLS.
Jack Lara, Broker-Associate at Keller Williams Realty of Pensacola
Search the entire Pensacola Real Estate Market here.
The federal government has launched a new website with online tools that will allow a homeowner to determine if they are eligible to participate in the "Making Home Affordable" loan modification and refinancing program. The site is http://www.makinghomeaffordable.com and shares information about how this program works and who is eligible for assistance. This is the same $75 billion program you may have heard of recently in the media.
The homeowner should have the following available:
* Information about your first mortgage, such as your monthly mortgage statement.
* Information about any second mortgage or home equity line of credit on the house.
* Account balances and minimum monthly payments due on all of your credit cards.
* Account balances and monthly payments on all your other debts such as student loans and car loans.
* Your most recent income tax return.
* Information about your savings and other assets
* Information about the monthly gross (before tax) income of your household, including recent pay stubs if you receive them or documentation of income you receive from other sources.
* It may also be helpful to have: A letter describing any circumstances that caused your income to be reduced or expenses to be increased (job loss, divorce, illness, etc.) if applicable.
Information provided by the Distressed Property Institute
Search here for Pensacola Real Estate at Pensacola Area Properties.com
Direct Line: (850) 554-9543
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Helping Home Buyers and Sellers since 1999. Accredited Buyer Representative, Realtor, Broker-Associate, Certified Distressed Property Expert.
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