The Pensacola Metro Area Real Estate Market News
As of January 20, 2021 there are only 838 total single family residences available for sale in the Pensacola Florida market. The Pensacola market encompasses both Escambia county and Santa Rosa county. Pensacola Home Search
A break down of what is available is as follows:
- Number of Single Family Detached Houses 674
- Number of Condominiums 116
- Number of Townhouses 48
That is it!
The number of single family detached home sales ended up being higher in 2020 than 2019. The Covid-19 virus did not slow the number of sales in the Pensacola market.
When it comes to what is for sale by home builders, does all of that info show up in the Multiple Listing Service?
No, not all available lots will appear as individual property listings.
Typically what will show up are Spec homes which is a home that a builder builds in hopes of attracting a buyer. A pre-sale is when a buyer finds a neighborhood and wants that particular builder for the neighborhood to build a home to certain
specifications on one of the builder's lots. So, new construction does not completely show up in the 838 available homes for sale. Pre-sales can be numerous and may never appear as an "Active"
in the Multiple Listing Service (MLS) website platform that then feeds into Realtor.com and other third party websites. The pre-sales will eventually end up in the MLS but will show up as under contract as either "Contingent"
and these under contract statuses do not show up on Zillow or other third party sites. This is where an experience real estate agent can help you find the
neighborhoods to build in and at the same time be your fiduciary representative.
New construction by Adams Homes in Northeast Pensacola in the $199,000 to $247,000 range
. This location is in the 32504 zip code so this neighborhood, Cardinal
Cove, should sell out quickly because of being in Northeast Pensacola, a location essentially next to shopping and restaurants and is less than 10 minutes from West Florida Hospital and the Medical Center Clinic on Davis Hwy.
Square footage range is from 1,250 to 2,025 square feet. Lot sizes are approximately 40 feet by 110 feet. The largest one story home is 1,550 square feet. There will be a total of 81 home sites. This is a very good value for northeast Pensacola, Florida.
Give me a call at (850) 616-6377. Great interest rates, low insurance costs, and the builder paying the buyer's closing costs make Cardinal Cove a great value.
Here is annual market report for the Pensacola 32504 zip code and a report on the Scenic Heights area
. The neighborhoods of Scenic Heights, Spanish Trail, Langley
Avenue, Long Street and Creighton Road.
This is Jack Lara, "Your Real Estate Advisor" and I want to thank you
for your time. And if there is anything in the world I can do for you please call me...(850) 616-6377 or email me at Jack@PensacolaAreaProperties.org
Better Homes and Gardens Real Estate
Main Street Properties
1313 Creighton Road
Pensacola, FL 32504