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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.
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| 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 is | Increasing |
| 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 Buyers | Mortgages 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 Comments | The 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 Area | Pensacola |
| Housing Hot Spots | Southwest Pensacola near the Naval Air Station and Innerarity Point. |
| Average Sold Price | $500,000 - View Graph Trend |
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Nancy Bristow GRI ABR e-PRO
ERA Emerald Coast Realty
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