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Pensacola Beach Market Update - Sales Up, Prices Up, What's the Real Story?

Pensacola Beach Market Update- The white sand beaches and emerald green waters of Pensacola Beach draw tourists like a magnet. Who can resist kicking off the shoes and wiggling those little piggies in the soft white sand? But some serious real estate business is going on here so here's the report:

Year	# Sold	Avg. Price	Median Price	Days on Mkt	% Sold to List
2007	34	$602,972	$491,000	182	93.50
2008	57	$711,880	$660,000	172	95.06

The numbers look good; sales are up as are average and median prices (significantly), but given the small number of sales overall, the numbers for '08 are actually skewed by sales in a new high end Gulf front project (Beach Club). Two of these sales were over $2,200,000 and one over $1,000,000 with most over $800,000. It's all about how far we drill down on the numbers . . . Pensacola Beach Condos

In truth, like most of the Gulf Coast, we are seeing some super bargains right now. Pensacola Beach Market Update numbers taken from the Pensacola Association of Realtors Multiple Listing Service.

Posted by Robin Sherman, CRS, EcoBroker, Pensacola Beach on 04/27/2008 11:26 PM

Comments (3)

pensacola beach market update, pensacola beach fl, pensacola fl real estate

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3 Comments on Pensacola Beach Market Update - Sales Up, Prices Up, What's the Real Story?

The tide seems to be chaning.

04/27/2008 11:30 PM

by Ulises Romo (PRO-formance Realty Concepts)

Great looking photo! It looks like great news for your area!

04/27/2008 11:37 PM

by Christopher Watters, Realtor - Greater Austin Texas Area (Texas Ranch & Home Realty)

Realty Times says leading indicators hold good news.

04/28/2008 03:51 PM

by Ruthie Johnson