Winter 2012 Market Update
If you can qualify for a loan (downpayments are around 35% or more) or are a cash buyer, now is an exceptional time to buy in Perdido Key. Any reWaterfront purchase is a great value at this time! Call now for more information at 850-492-5717.

Average Home Price $500,000 - View Graph Trend
Average Price Compared to Last Year Up 0-5%
Average Time on Market More than 120 days
Best Selling Price Range$400,000 - $449,000
Worst Selling Price Range$1,000,000+
Prices As % of Asking Price 85-90%
Existing Home Prices for the past 90 days are?No Change
Market Trend Decreasing
Buyers’ or Sellers’ Market Equal buyers and sellers
Buyer Activity for the past 90 days in Perdido Key isIncreasing
Seller Activity for the past 90 days in Perdido Key is?No Change
Multiple Offers?No
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?5-10%
Is Financing Available For Qualified Buyers?Yes
Comments on Financing For Qualified BuyersMortgages are still available for condominiums but availability is very tight. There are less investors willing to buy the loans. Cash is the best way to purchase. Not only is a seller willing to take a cash offer over a loan, the buyer saves a great amount of money in closing costs.
Housing Inventory Good supply - Some Prices
Inventory CommentsThe majority of property on Perdido Key is Luxury Waterfront Condominiums. There are some single family homes but they are in the minority.
Greatest Activity Repeat Buyers
Reason to Buy/Sell Lower prices with good selection and competitive interest rates create a perfect time to buy in Perdido Key! The most gorgeous views and sunsets one can only imagine unless they have been here and experienced the Key. Take endless walks on white sugar sand beaches or just relax and listen to the waves.
Nearest Metro AreaPensacola
Housing Hot SpotsSouthwest Pensacola near the Naval Air Station and Innerarity Point.
Average Sold Price $500,000 - View Graph Trend

Perdido Key Local News


News for Perdido Key, FL - May 31st, 2010 4:22pm
With the most unthinkable error man has made in this world, the oil flowing off the Louisianna Coast is a disaster uncomprehendable to me and everyone else. Perdido Key has been blessed with our beaches so far, out of reach of any oil or sheen. Our beaches are still as beautiful as ever, I was showing condominiums on the Gulf this past week and the water was as beautiful as ever with shades of green and blue. It may be wishful thinking but we may escape the devastation that has and continues to plague Louisianna. We have so many tourists here Memorial Day Weekend that I could barely get into the grocery store and out in a reasonable timeframe. A foreign company has no respect for the gift of our Gulf and the wildlife, fishing, shrimping has given the residents and visitors to this area. Anyone heard of Alternative Energy?
So far we are as normal but preparing for any changes. We that live here appreciate what we have even more than ever as do the tourists.

News for Perdido Key, FL - Friday July 10th, 2009 5:02pm
Perdido Key is actually a barrier island in the most southwestern area of Pensacola. The definition of Perdido is "The Lost Key". It was lost but now has been found. High rise condominiums dot the island. At some point in the future, more will be built. The laid back, easy going, relaxing feel of Perdido Key is the place you want to come home to. Spend the day at Pensacola Beach parasailing, walking the boardwalk, shopping and walking or go to Gulf Shores and enjoy the zoo, bungy jumping, the Waterslide, car racing, the ferris wheel and more. There are many waterfront condominiums for sale priced from $159,900 to $5,500,000. A buyer can choose from Gulf Front, River Front or the Intracoastal Waterway. The Gulf is quiet and the waves slap slowly onto the shore with gorgeous sunrises and sunsets. The River Front and Intracoastal are busy with boats, water skis, barges slowly drifting by, lights bouncing off the night waters. Choose from the different lifestyles on one Island.
Contact Information

Nancy Bristow GRI ABR e-PRO
Nancy Bristow GRI ABR e-PRO
     850-492-5717
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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.61%
  15 yr. jumbo rate:  3.97%

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Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Nancy Bristow GRI ABR e-PRO
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Nancy Bristow GRI ABR e-PRO
ERA Emerald Coast Realty
ERA Emerald Coast Realty

  850-492-5717




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