November 06, 2020 at 3:58pm | Jack Lara
Pensacola Florida Real Estate Report and Information

A look at what is happening in the Pensacola housing market for single family detached homes.  We are in an extremely tight market. Sellers still control the market.  On a side not a friend of mine that manages a rental company with approximately 550 homes says the delinquency rate is about 8%.  

The hottest part of the selling market is the price range of $150,000 to $249,999.  With the low inventory one benefit to the seller is getting their house ready to sell.  In this market a seller can get away with not having the perfectly presentable house to sell, although there are limits to this.  

You still want to present your home in the best possible light.  Stage it, yes.  Clean it, yes.  Freshen up the house with paint, yes.  Video marketing, yes.  You still want to make sure you get every penny out of your Pensacola Florida house.

Northeast Pensacola Florida has an extremely low inventory availability.  As of Tuesday there were only 27 houses for sale in the Pensacola 32504 zip code.  In this zip code in October there 24 closed sales with average sales price of $254,075 and median sales price of $235,500.

Thanks for your time!   Give me a call if you are thinking about buying, selling or investing.  (850) 616-6377.


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