Pensacola Real Estate News Weekly Market Report for Week Ending July 19, 2008

Original Post on Pensacola Real Estate News

Pensacola Real Estate Market Data
Weekly Update For Residential Listings 
In Escambia and Santa Rosa Counties

Here is another weekly Pensacola real estate market report. This one covers the week of July 13 - 19. 

There is not much to report this week that is any different from the previous few weeks. Sales are up a little, and I expect they will increase even more as we get closer to the end of the month.

News reports show that foreclosures are still rising, and we are seeing that in the Pensacola real estate market. Short sales are everywhere these days.

I have done quite a bit of home searching for clients recently and it seems like every other home I came across is a short sale. It is almost assured that when I find a home that looks like a really good deal, it turns out to be a short sale.

Check out my article on Pensacola Real Estate Short Sales - Is It Worth It   for more information on why short sales are so frustrating for both the real estate agent and the buyer.  

Look for more posts coming soon about the number of short sales on the market and the problems with buying bank owned foreclosure properties. 

Check out my 6 Month Pensacola beaches market report where I show the active real estate listings and sales on Pensacola Beach and Perdido Key for the first 6 months of 2008.

If you are interested in sales of homes in different areas of Pensacola, check out my Pensacola Real Estate Market Report By Area post which breaks out the sales by different areas Northwest Florida.

- The table shows the weekly market data for Pensacola residential property.
- These numbers include only residential homes and condominiums in Escambia County and Santa Rosa County that are listed in the Pensacola MLS.
- They do not include vacant land or lots, mobile homes or manufactured homes or Pensacola FSBOs.
- The numbers above are created using data from the Pensacola MLS and are deemed reliable but not guaranteed

Click on Pensacola Real Estate News for a list of articles indexed by category.