Market Updates

Feb. 11, 2021

This month's Pensacola area sales stats

The monthly January PAR stats.

HIGHLIGHTS

  • January sales are down from last month but up significantly from last year with 699 units sold. December 2020 had 583 sales, and January 2020, 583. Sales Y-O-Y, up 19.9%. This a record number of unit sales for January.
  • January average days on ...
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Posted in Market Updates
Jan. 29, 2021

Mortgage Rates/Real Estate Market

Pensacola Beach FL

Mortgage Rates Move Lower, Down to 2.73%

The average 30-year, fixed-rate mortgage dropped from last week’s 2.77%. A Freddie Mac economist attributes it to a new administration and COVID-19 “malaise.”

MCLEAN, Va. – Freddie Mac’s mortgage survey this week found a slight drop in ...

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Posted in Market Updates
Dec. 28, 2020

The Start of a New Year

East Hill Properties

New Year's Resolutions and The Time To Sell

The year 2020 has left us with a lot of firsts, but one thing I expect to be the same as in year's past is a bump in real estate activity after the first of the year. It seems to ...

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Posted in Market Updates
Dec. 14, 2020

Market Update from Chris Reid Realtor

HIGHLIGHTS of our November Real Estate Market in the Greater Pensacola area

  • November sales are down from last month but significantly up from last year as well with 748 units sold, October - 863, and November 2019 - 661. Sales Y-O-Y, up 13.2%
  • November average days on market is down from ...
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Posted in Market Updates
Nov. 24, 2020

Real Estate Newsletter - November '20

Autumn in Pensacola

CHECK OUT THIS MONTH'S REAL ESTATE NEWSLETTER - It offers current local market stats and some of my favorite distinctive properties on the market.
WISHING YOU A HAPPY THANKSGIVING! BE SAFE AND WELL!
EAST HILL - NORTH HILL - DOWNTOWN - THE BEACH https://www.mynewsletterbuilder.com/.../1414845496/...
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Posted in Market Updates
Nov. 19, 2020

Builder Confidence at Record High, 6% Above Previous Record

contractor meeting on home building site
fstop123 / Getty Images

 

Builders are almost giddy. An Index of 50 suggests a balance between optimism and pessimism, but Nov.’s confidence number hit 90 after a record-breaking 85 in Oct.

WASHINGTON – Calling it “another sign that housing continues to lead ...

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Posted in Market Updates
Nov. 16, 2020

October 2020 Market Update

Pensacola  Beach Florida

  • Sales are up from last month and from last year with 863 units sold in October 2020, September 2020 - 849, and October 2019 - 799. Sales Year Over Year are up 8.0%

  • October average days on market is down from 41 days to: 39 Days.

  • Average sold price is $284 ...

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Posted in Market Updates
Aug. 24, 2020

NAR: July Existing-Home Sales Soar 24.7% Higher

Pensacola Beach Florida

“The housing market is well past the recovery phase and now booming,” says NAR. And current owners seeking larger homes will “drive demand even into 2021.”

WASHINGTON – National existing-home sales continued a strong, upward trajectory in July, marking two consecutive months of significant sales gains, according to ...

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Posted in Market Updates
July 29, 2020

Fla.’s Housing Market Shows June Upswing Despite COVID-19

Pensacola Beach Florida

By Marla Martin, Florida Realtors

Florida Realtors’ data: More new pending sales, more pending inventory and higher median sales prices year-over-year in June. Single-family closed sales rose 1.3% – 1st increase since March and a significant change compared to April and May, says Chief Economist O’Connor.

ORLANDO, Fla. – ...

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Posted in Market Updates
July 9, 2020

Real Estate Update from Chris Reid Realtor July 2020

PENSACOLA BEACH FLORIDA

This month’s newsletter shares an article that sums up where we are in our current real estate market, our market stats and my favorite properties on the market. Enjoy!

CLICK HERE TO CHECK OUT THIS MONTH'S NEWSLETTER

EAST HILL | NORTH HILL | DOWNTOWN | THE BEACH

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Posted in Market Updates