Pensacola Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Feb. 16, 2024

January Real Estate Market Stats in the Pensacola Area

HIGHLIGHTS

  • January sales are down from last month and down from last year with 470 units soldLast month 611 units sold. Number of sales Y-O-Y was down 12.8%.
  • Cash buyers represent 31.5% of all residential sales in our area. This is up from 24% last Month.
  • January average "day on market" is up from December at 55 days to: 57 Days.
  • Average sold price is $397,436, this is up from the prior month and up 17.2% since January 2023 Y-O-Y, $339,224.
  • January inventory is up month over month to: 2529 unitsupfrom January 2023, with 2505 units. Y-O-Y increase in inventory of 27.6%
  • Months inventory is 5.6 months, Up from December at 4.1 months, and up from January 2023 with 3.7 months inventory.
  • Average List to sold price difference in January was -3.5% a change from -3.1 % in December.
  • The inventory of homes remains low with 5.6 months inventory, this level is considered a buyers market favoring buyer's over seller's. When Months Inventory is less than 4.0 months it is considered a seller’s market.6.0 months or more is a buyer's market. Between 4 and 6 months inventory is a neutral market.
Posted in Market Updates
Sept. 12, 2023

August’s Pensacola Area Real Estate Market Stats

The monthly August PAR stats are now available on Dropbox.

HIGHLIGHTS

  • August sales are up from last month but down from last year with 793 units soldLast month 776 units sold. Number of sales Y-O-Y was down 17.5%.
  • August average days on market is down from July at 44 to: 38 Days.
  • Average sold price is $403,965, this is up from the prior month and up 8.8% since August 2022 Y-O-Y, $371,138.
  • August inventory is up to: 2150 unitsup from August 2022, with 1851 units. Y-O-Yincrease in inventory of 16.2%
  • Months inventory is 2.7 months, up from July at 2.6 months, and up from August 2022 with 1.9 months inventory. 
  • Average List to sold price difference in August was -2.0% a change from -1.9% in July.
  • The inventory of homes remains low. With 2.7 months inventory, is still a sellers marketin our area. When Months Inventory is less than 4.0 months it is considered a seller’s market.6.0 months or more is a buyer's market.

 

Posted in Market Updates
Aug. 18, 2023

July 2023 Greater Pensacola Real Estate Market Stats

The monthly July PAR stats are now available on Dropbox.

HIGHLIGHTS

  • July sales are down from last month and down from last year with 776 units sold. Last month 1004 units sold. Number of sales Y-O-Y was down 17%.
  • July average days on market is down from June at 47 to: 44 Days.
  • Average sold price is $367,910, this is down from the prior month and down 4.7% since July 2022 Y-O-Y, $386,052.
  • July inventory is up to: 1876 units, up from July 2022, with 1839 units. Y-O-Y increase in inventory of 2%
  • Months inventory is 2.4 months, up from June at 1.9 months, and up from July 2022 with 2.0 months inventory.
  • Average List to sold price difference in May was -1.9% a change from -1.6% in June.
  • The inventory of homes remains low. With 2.4 months inventory, is still a sellers market in our area. When Months Inventory is less than 4.0 months it is considered a seller’s market.6.0 months or more is a buyer's market.
Posted in Market Updates
Aug. 1, 2023

June Market Stats

The monthly June PAR stats are now available on Dropbox.

HIGHLIGHTS

  • June sales are up from last month and down from last year with 1004 units soldMay 935.Number of sales Y-O-Y, down 10.4%.
  • June average days on market is up slightly from May at 46 to: 47 Days.
  • Average sold price is $416,806, this is up from the prior month and up 0.8% since June 2022 Y-O-Y, $413,361.
  • June inventory is up to: 1891 unitsup from June 2022, with 1595 units. Y-O-Y increase in inventory of 19%
  • Months inventory is 1.9 months, up slightly from May at 1.8 months, but up from June 2022 with 1.4 months inventory. 
  • Average List to sold price difference in May was -1.6% a change from -2.1% in May.
  • The inventory of homes remains low. With 1.9 months inventory, is still a sellers marketin our area. When Months Inventory is less than 4.0 months it is considered a seller’s market.6.0 months or more is a buyer's market.
Posted in Market Updates
Aug. 1, 2023

Dog Days of Summer

Dog Days of Summer

These are the summer days on Pensacola Beach I wait for - the water is gin clear and warm. Sitting under an umbrella in the shade enjoying the sea breeze, watching perfect waves roll in and the birds fly by, looking for a fish I might want to cast a fly to; the setting is mesmerizing and it is why we live here. It is the place to be. Enjoy!

Posted in Greetings
June 30, 2023

Red, White, and Blues Week!

The week following Independence Day, Dubbed “Red, White, and Blues Week”, the Santa Rosa Island Authority hosts the Pensacola Beach Airshow Featuring the U.S. Navy Blue Angels.

RED, WHITE AND BLUES WEEK FEATURING THE PENSACOLA BEACH AIR SHOW – JULY 5-8, 2023

Kicking off the air show week is “Breakfast with the Blues,”
Wednesday, July 5, at 8:00 a.m. when the Blue Angels arrive and circle overhead to mark the show’s coordinates and center points along Pensacola Beach.

Thursday, July 6, at 2 p.m., the Blue Angels hold a full practice show over Pensacola Beach.

Friday, July 7, is the Pensacola Beach Air Show dress rehearsal, with the civilian acts beginning just after 11 a.m. and the Blue Angels overhead at 2 p.m.

Saturday, July 8, marks the official Pensacola Beach Air Show, and follows exactly Friday’s dress rehearsal schedule.

 

For more info visit: Blue Angels Air Show, Pensacola Beach | Visit Pensacola

Posted in Newsletter
June 8, 2023

Monthly Real Estate News

Click Here to Link to Chris’ Monthly Newsletter

Posted in Newsletter
March 13, 2023

February Pensacola real estate market stats are now available

The monthly February PAR stats are now available on Dropbox.

HIGHLIGHTS

  • February sales are up from last month but down from last year with 633 units sold. January 539. Number of sales Y-O-Y, down 29%.
  • February average days on market is up from January to: 59 Days.
  • Average sold price is $361,767, this is up from the prior month and up 3.7% since February 2022 Y-O-Y, $348,750.
  • February inventory is down to: 1783 units, up from February 2022, with 737 units. Y-O-Y increase in inventory of 132.5%
  • Months inventory is 2.8 months, down from January at 3.7 months, and up from February 2022 with 0.9 months inventory.
  • Average List to sold price difference in February was -2.8% a change from -3.8% in January.
  • The inventory of homes remains low. With 2.8 months inventory, is still a sellers market in our area. When Months Inventory is less than 4.0 months it is considered a seller’s market.6.0 months or more is a buyer's market.
Posted in Market Updates
Feb. 8, 2023

January 2023 Real Estate Stats for the Pensacola Area

The monthly January PAR stats are now available on Dropbox.

HIGHLIGHTS

  • January sales are down from last month and down from last year with 536 units sold. December 2022 there were 716. Number of sales Y-O-Y, down 32.4%.
  • January average days on market is up from December to: 51 Days.
  • Average sold price is $336,488, this is down from the prior month and Down 1.0% since December 2021 Y-O-Y, $339,839.
  • January inventory is down to: 1982 units, up from January 2022, with 809 units. Y-O-Y increase in inventory of 145%
  • Months inventory is 3.7 months, up from December at 2.8 months, and up from January 2022 with 1.0 months inventory.
  • Average List to sold price difference in December was -3.8% a change from -2.8% in December.
  • The inventory of homes remains low. With 3.8 months inventory, is still a sellers market but on the verge of a neutral market in our area. When Months Inventory is less than 4.0 months it is considered a seller’s market.6.0 months or more is a buyer's market.
Posted in Market Updates
Dec. 16, 2022

Real Estate Stats Pensacola Area

The monthly November PAR stats are now available on Dropbox.

HIGHLIGHTS

  • November sales are down from last month and from last year with 621 units sold. October 2022 there were 817. Number of sales Y-O-Y, down 30%.
  • November average days on market is up from October to: 34 Days.
  • Average sold price is $358,889 this is up from the prior month and Up 6.7% since November 2021 Y-O-Y, $336,348.
  • November inventory is up to: 2,086 units, up from November 2021, with 1,144 units. Y-O-Y increase in inventory of 82.3%
  • Months inventory is 3.4 months, up from October at 2.5 months, and up from November 2021 with 1.3 months inventory.
  • Average List to sold price difference in November was -3.5% an increase from -2.1% in October.
  • The inventory of homes remains low. With 3.4 months inventory, is still a sellers market but approaching a neutral market in our area. When Months Inventory is less than 4.0 months it is considered a seller’s market.
Posted in Market Updates