Jack Lara

I've just sold a Single-family property at 8200 Tempest Drive in Pensacola. It was a "short sale" that closed in 4 1/2 weeks from the time the offer was accepted by the seller to the time we closed. Key was putting the short sale package together in a logical fashion in order for the lender to have an easier time of making a decision.

Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.

Visit my site to view all real estate for sale, gather info, etc. Pensacola Real Estate at Pensacola Area Properties.com

Call me, Jack Lara, direct at (850) 554-9543 for a list of homes for sale, for great values, or to talk about

Market Report for the Pensacola Florida Metro Area

(Statistics from Pensacola Association of Realtors MLS)

In the Last 6 Months: Average Sales Price to List Price Ratio ~ 94.7% all areas

~ 96.5% area 01 & 11 (north of 9 Mile Rd in Escambia County)

~ 94.5% all areas excluding 01 & 11

Current Inventory of # Residential Detached houses for sale: 3,888

Statistics Summaries Report

Residential Detached Houses in Escambia County & Santa Rosa County Statistics 09/01/2008 to 02/28/2209

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	Total	Total List / Sold $	Avg List Price	Avg Sold	Avg Days On Market	Median Price	SalesPrice to List Price Ratio
Sold	1,666	$287,998,141 / $272,790,354	$172,868	$163,740	141	$143,418	94.72%
Currently Active	3888	$1,026,667,064	$264,060	n/a	213	$179,900	n/a

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Average of 277.6 closed real estate transactions per month. It is significant to note that the market is below 4,000 houses for sale.

Houses that did Not Sell in Escambia and Santa Rosa County

09/01/2008 to 02/28/2209

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	Total	Total List / Sold $	Avg List Price	Avg Sold	Avg Days On Market	Median Price	SalesPrice to List Price Ratio
Withdrawn	1,865	$471,008,960 / n/a	$252,552	n/a	211	$179,000	n/a
Expired	2,144	$562,280,452 / n/a	$262,258	n/a	0	$175,000	n/a

4,009 houses withdrawn/expired, in other words, they were for sale and did not sell. The listing contract expired. Compare that number to the number of houses currently for sale. The 4,009 houses may be considered as a "HIDDEN SUPPLY" of Houses sitting on the sideline as sellers have given up trying to sell for time being. What happens if we were to look at the entire year? Some have become rentals, some are vacant, some are back up for sale, and some have sold. The leftovers, those that did not come back up for sale, are a Hidden Supply of Inventory waiting for a perceived right moment to enter the market.

Houses that did not sell during the one period from 02/27/2008 to 02/28/2209

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	Total	Total List	Avg List Price	Avg Sold	Avg Days On Market	Median Price	SalesPrice to List Price Ratio
Withdrawn	3,809	$946,988,007	$248,619	n/a	265	$180,900	n/a
Expired	4,066	$1,054,492,175	$259,344	n/a	0	$179,000	n/a

7,875 houses did not sell in the past 12 months.

Houses Sold in Escambia & Santa Rosa County

from 02/27/2008 to 02/28/2209

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	Total	Total List / Sold $	Avg List Price	Avg Sold	Avg Days On Market	Median Price	SalesPrice to List Price Ratio
Sold	3,934	$722,392,446/ 683,936,027	$183,628	$173,853	145	$150,000	94.68%

No surprise here. In the last 12 months 3,934 houses sold. That is approximately 50% of what did not sell. Over the 12 month period running from February 27, 2008 to February 28, 2009 the average number of houses sold was 328 per month. In the last six months the average has been 277. However we are now below 4,000 houses for sale compared to what we were seeing month after month of over 4,000 houses for sale.

What is around the corner? Perhaps Fed induced inflation? Remember long term rates: Treasury Bonds Long-debt instruments used by the U.S. Government to finance its debt. Treasury bonds come in 30-year denominations. Money can't just be printed for free.

If inflation does come into play then perhaps the price of assets such as real estate will be pushed up, mortgage rates (tied to long term instruments) will go up, and this will cause buyers that are sitting on the fence to buy before they get priced out. Then will this be interpreted by the "Hidden Supply" as the right moment to enter the market? This will be akin to a sugar rush for our local economy and perhaps nationally. In other words One Krispy Kreme Donut will be fine but a dozen in one sitting (the ride down will be rough). This may happen across many parts of the country.

We will just have to see.

Jack Lara, Broker-Associate at Keller Williams Realty of Pensacola in Northwest Florida

Shop for Pensacola Real Estate at www.PensacolaAreaProperties.com

Vacant Property for Sale in Lake Estelle Pensacola Florida 32526 zip code

WOODSIDE Estates

Statistics Summaries Report Statistics for Entire MLS from 03/01/2009 to 03/13/2009

ZACHARY Estates

Statistics for Entire MLS from 03/01/2009 to 03/13/2009

BAYOU PLACE

Statistics for Entire MLS from 03/01/2009 to 03/13/2009

--Information deemed reliable but not guaranteed--Copyright: 2009 by the Pensacola Association of Realtors
Search for Homes, Real Estate Info, & Short Sale info @ www.PensacolaAreaProperties.com EMAIL: JackLara@kw.com
Prepared by JACK LARA of KELLER WILLIAMS REALTY on 3/13/2009 9:16:09 AM

Shop for Pensacola Real Estate at Pensacola Area Properties.com

Short Sale page go to www.911StopForeclosures.com

Pensacola Association of REALTORS®
Monthly Residential Statistics
(Residential Detached, Attached, and Condominiums)
2009

Just Listed a residential lot for $35,000 on 4/10ths of an acre in Lake Estelle in Pensacola. Great location off of Pine Forest Road. In Lake Estelle there are currently five houses for sale with an average square footage of 2,481 and an average list price of $227,150.

Jack Lara, Broker-Associate at Keller Williams Realty of Pensacola

Short Sale info: www.911StopForeclosures.com

Call me direct at (850) 554-9543 to get a list of homes for sale in Lake Estelle.

Shop for Pensacola Real Estate at Pensacola Area Properties.com

Residential Detached - Southeast Pensacola (Includes East Hill)
Statistics for Entire MLS from 02/01/2009 to 02/28/2009

Areas Included in Southeast Pensacola are East Hill and North East Hill

In East Hill there are 66 homes for sale at an average list price of $268,200 and median list price of $189,900. In February there were 4 closed sales and there are currently 6 pending sales.

In North East Hill there are currently 72 homes for sale at an average list price of $260,323 and a median list price of $159,000. In February there were 6 closed sales and there are currently 9 pending sales.

Know someone that is upside down on their mortgage call me direct at (850) 554-9543 or visit www.911StopForeclosures.com

Shop for Pensacola Real Estate at Pensacola Area Properties.com

--Information deemed reliable but not guaranteed--Copyright: 2009 by the Pensacola Association of Realtors
Search for Homes, Real Estate Info, & Short Sale info @ www.PensacolaAreaProperties.com EMAIL: JackLara@kw.com
Prepared by JACK LARA of KELLER WILLIAMS REALTY on 3/5/2009