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:

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 . . .

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.