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Market Trends
Commentary Provided byNancy Bristow GRI ABR e-PRO If you can qualify, now is an exceptional time to buy a home in Perdido Key. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 850-492-5717 |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Pensacola | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | More than 120 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Inventory Comments | As of July, asking prices for single family homes on Perdido Key are starting at $250,000 if off the water and go as high as $3,00,000 on the water. Sold prices this year for single family homes this year are from $275,000 to $800,000. | ||
| Average Home Price | $550,000 - View Graph Trend | ||
| Best Selling Price Range | $750,000 - $799,000 | ||
| Worst Selling Price Range | $250,000 - $299,000 | ||
| Compared to Last Year | Down 0-5% | ||
| Prices As % of Asking Price | 90-95% | ||
| Multiple Offers? | No | ||
| Greatest Activity | Repeat Buyers | ||
| Buyer Activity for the past 90 days in Perdido Key is | No Change | ||
| Seller Activity for the past 90 days in Perdido Key is | No Change | ||
| Is Financing Available For Qualified Buyers in Perdido Key? | Yes | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||
| Housing Hot Spots | Most cities within the Escambia County area are considered 'Housing Hotspots' | ||
| Reason to Buy/Sell | Population Growth | ||
| Average Sold Price | $550,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Nancy Bristow GRI ABR e-PRO
ERA Beach Ball Realty Pensacola, Florida 850-492-5717 nancybristow@agents.househunt.com Agent Home Page 
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Perdido Key Local News
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.
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