Market information for the Pensacola area.
Pensacola Association of REALTORS®
Monthly Residential Statistics
(Residential Detached, Attached, and Condominiums)
This covers Escambia and Santa Rosa County
2009
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JANUARY 2009 STATISTICS |
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2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
|
Current Active Listings at Month End |
5365 |
6369 |
6111 |
4873 |
1244 |
2105 |
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Sales This Month |
173 |
207 |
307 |
357 |
460 |
310 |
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Median Sold Price |
$140,000 |
$169,900 |
$163,900 |
$159,000 |
$145,000 |
$128,000 |
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Average Sold Price |
$170,934 |
$206,438 |
$199,200 |
$210,167 |
$191,157 |
$142,369 |
|
Average Days on Market |
136 |
153 |
136 |
89 |
70 |
84 |
The number of active residential detached houses has held at less than 4,000 for the past several months. This could be due to sellers that attempted to sell previously but have not put their houses back on the market. Some would say that there is a "hidden supply" of houses that could hit the market when consumer confidence goes to positive. When will this "hidden supply" hit the market? No sure answer but here is my take:
If interest rates see a trend upwards (inflation) then buyers will enter the market (those hidden buyers waiting on the economy) so as not to be left behind. Sellers will see this as a positive indicator that the housing market is rebounding and the "hidden supply" will hit the market. What happens afterwards???? I believe that the "hidden supply" will create an over supply of houses for sale.
Jack Lara, Certified Distressed Property Expert© and Broker-Associate at Keller Williams Realty of Pensacola
7140 N 9th Avenue Pensacola Florida 32504
visit: www.PensacolaAreaProperties.com
Since January 1, 2009 there have been 26 closed sales of residential detached houses in the Cantonment area. This info covers the area north of Nine Mile Road and also includes the Beulah area.
Of the 26 sales 7 (27%) were distressed property sales. A distressed property is defined as a: Short Sale, Foreclosure, or Pre-foreclosure.
HERE ARE THE DISTRESSED PROPERTIES THAT HAVE SOLD THIS YEAR
| MLS# | Area | S | Address | Typ | SqFt | BR | Bth | YrBlt | Price | ||
| 362372 | 01 | S | 1104 SIGNAL HILL LN | RD | 1,278 | 3 | 2/0 | 1987 | $69,900 | ||
| DOM: 20 SP: $60,000 SD: 01/21/2009 $/Sqft: $46.95 SA: 12538 | |||||||||||
| 359733 | 01 | S | 11506 THOUSAND OAKS DR | RD | 1,773 | 3 | 2/0 | 1985 | $119,900 | ||
| DOM: 34 SP: $119,900 SD: 01/09/2009 $/Sqft: $67.63 SA: 4735 | |||||||||||
| 358487 | 01 | S | 1143 CAMAREE PL | RD | 1,791 | 4 | 2/0 | 1996 | $123,405 | ||
| DOM: 55 SP: $123,900 SD: 01/22/2009 $/Sqft: $69.18 SA: 9210 | |||||||||||
| 358367 | 01 | S | 830 SHADOW RIDGE DR | RD | 2,167 | 4 | 2/0 | 1990 | $138,900 | ||
| DOM: 85 SP: $132,500 SD: 01/28/2009 $/Sqft: $61.14 SA: 8936 | |||||||||||
| 354330 | 08 | S | 7043 PLANK DR | RD | 3,046 | 4 | 3/0 | 2003 | $203,000 | ||
| DOM: 129 SP: $203,000 SD: 01/28/2009 $/Sqft: $66.64 SA: 4664 | |||||||||||
| 360539 | 11 | S | 2357 BUR OAK DR | RD | 1,704 | 3 | 2/0 | 2005 | $139,900 | ||
| DOM: 60 SP: $135,000 SD: 01/30/2009 $/Sqft: $79.23 SA: 1714 | |||||||||||
| 362951 | 11 | S | 731 NOWAK RD | RD | 3,678 | 5 | 3/0 | 2005 | $224,900 | ||
| DOM: 16 SP: $270,000 SD: 02/03/2009 $/Sqft: $73.41 SA: 1714 |
--Information deemed reliable but not guaranteed--Copyright: 2009 by the Pensacola Association of Realtors, Inc. Search the Entire Market www.PensacolaAreaProperties.com EMAIL: JackLara@kw.com
Prepared by JACK LARA of KELLER WILLIAMS REALTY on 2/8/2009 8:07:15 PM
Click on this link to see all Homes for sale in Cantonment, North Northwest Pensacola
Click on this link to see all Homes for sale in Northwest Pensacola
Check out these homes: Condo NE Pcola and Home with 2 master bedrooms and 2 master baths
Trillion Bucks....so what is the big deal about a Trillion Sand Dollars
It seems that every time the government comes to the rescue their solution creates an unintended problem. And this creates another opportunity time for the government to come to the rescue and have new unintended consequences. Just wondering how the real estate market will be impacted.
Trillion Dollars = Borrowing money to fund the $1 trillion = Paying interest on top of the $1 trillion (like financing a 30 year mortgage, the number the closing agent doesn't want you to freak out over) = Treasury Bond rates go up (because we are a risky investment) = Long term mortgage rates increase = less borrowing for financing real estate = delaying the intending economic recovery = job losses or stagnation = no economic momentum because of a lack in consumer confidence = less ingenuity = less money to the government (maybe a good thing) = another government solution......and the Beat Goes On. The question I have for myself is am I completely off the mark.
How about the following as a solution:
Eliminate Cap Gains Tax = more jobs, more risk taking (calculated), more capital, tide goes up, momentum, more investing.....
Put a moratorium on withholding tax for three to six months...this will have an immediate impact on people's take home pay and create momentum.
"Let the rookie pitcher work out of the jam.....stay in the dugout coach...." And as a real estate agent all I can do is adjust to the market condtions.....and do the best possible job for my clients.
Jack Lara, Broker-Associate at Keller Williams Realty of Pensacola
www.PensacolaAreaProperties.com
Excellent Super Bowl...especially the 4th Quarter....
Homes for sale in the Pensacola area which includes all of Escamia County and Santa Rosa County in northwest Florida...
Looking at single family homes (detached) that are currently for sale
Area Single Family Homes 3 bedrms+ & 2 baths+ 1,500+ sq feet Up to $200,000
West Pensacola 256 202 147 96
Southeast Pensacola 246 169 138 40
East Hill Area 59 34 28 6
Search for homes in West Pensacola....go to this link...
Search for homes in Southeast Pensacola....go to this link....
Home for Sale on North Magnolia Avenue in East Hill
Home for Sale on Cedar Ridge in West Pensacola
Jack Lara, Broker-Associate at Keller Williams Realty of Pensacola
7140 N. 9th Ave
Pensacola, FL 32504
www.PensacolaAreaProperties.com
Looks like construction has begun on the bridge that goes over Bayou Chico via Navy Blvd. It is going to give boaters a height increase of 6 feet over the current bridge. House for sale Bayou Chico (info)
Also have a waterfront lot for sale in Navarre Beach. Info page
Getting Life in Order | Losing Weight-Getting Organized are Linked
If that darn scale hasn't moved, despite your promise to lose weight in 2009, then you may need to get organized.
As crazy as it seems, getting organized is directly connected to losing weight. Here are some examples of how the two intertwine. Visit the rest of Blog at Organize Right Now!
Jack Lara, Broker-Associate at Keller Williams Realty of Pensacola
7140 N. 9th Ave
Pensacola, Fl 32504
www.PensacolaAreaProperties.com
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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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