Beautiful White Sand of Pensacola Beach

Thank you for visiting the Northwest Florida real estate blog where you can read about the latest real estate market trends and news with a focus on Pensacola, Pace, Milton and the surrounding Northwest Florida Area. It is here that you can keep up on market reports, coming soon homes, just listed/sold homes, homeowner tips, mortgage news and community happenings. We care about our community and want to help you find your place in it.  Please reach our if you have any questions at all.  We would love to talk with you! 

 

 

 

May 13, 2018

PACE REAL ESTATE MARKET REPORT – THIS MONTH 2018

Enjoy this real estate market report for Pace Florida.  You can also do a home search and save your favorite properties.  Set up a home search and be notified when a property with your criteria hits our database.

Pace Real Estate Market - market values are going up

What is the Average Price Range in Pace?

Including only Singe Family Homes, 2017 ended with a Pace Average Price Range of $219,447.  We are using the average price instead of the median where the highest price and lowest price homes are removed.

 

Primary Year                         Sale Price, Average

2013                                                $193,619

2014                                                $183,349

2015                                                $193,416

2016                                                $199,067

2017                                                $297,290

 

Pace Housing Market Predictions 2018

Here's is a look at the Pace Real Estate Market for April 2018.  According to the report released by the Pensacola Association of Realtors this week we are still experiencing a LOW INVENTORY Housing Market. Home sellers are slow to put their home on the market. This delay is causing a shrinking inventory, an increase in prices and a strong competition among home buyers. 

 

Median price range for homes in Pace went up by 10 percent

 

April ended with a total of 97 single-family homes sold.  That's an increase from the 89 sales in March. April 2018 sales were at their highest when comparing to April 2017 and 2016.  The median price range of houses sold in Pace during the month of April were $215,000.  That amount shows an increase of 15.6 percent from April 2017 but a decrease from the 3.4 percent from the $234,303 from last month.  April's year-to-date sales of 279 are running 3.7 percent ahead of last year's year-to-date of 269.  Read More Here!

 

Others Have Asked

If you are thinking about selling and wonder what the value of your house might be in today's Pace Real Estate Market, use this instant home value estimate or call 850-377-4410.  We serve Pace, Pensacola, Milton, Cantonment and have partners across the nation as well.

 

Existing Home Sales for Jan 2018

Property Subtype                                  Sales, Number of

Single Family Residential                                     32

 

Average Time on Market for Pace Listings

At the end of 2017, the average days on market for a house in Pace was 86 days.

 

Average List to Close Price

At the end of 2017, the average list to sold price was    percent indicating a strong seller's market.

 

Real Estate Statistics

Statistics are gathered from the December 2017 National Association of REALTORS® (NAR) Confidence Report. These statistics are gathered through surveys provided by 50,000 real estate agents and brokers.

 

National Association of REALTORS® (NAR) Confidence Report

  • First time home buyers made up 32 percent of the sales
  • 16 percent of the sales were investment and vacation buyers
  • only 4 percent of the sales in 2017 were distressed
  •   % of the homes sold was purchased with cash
  •   % of the sellers made contributions to the buyer's closing costs
  • Popular opinion says market will continue to improve
  • Pace Real Estate Market is stable
  • Biggest challenge the market is facing:  limited inventory 

 

Santa Rosa County Median Price Range  (Past 5 years)

The median price range for single family homes sold in Santa Rosa County, FL was $210,000 at the end of 2017.

 

Primary Year                                    Sale Price, Median

2013                                                           $174,000

2014                                                           $169,900

2015                                                           $180,000

2016                                                           $210,672

2017                                                           $210,000

Pace Housing Market Reports from 2018

May 2018

Pace Housing Market Reports for 2017

August 2017

 

Wondering what your home is worth?  Find out instantly with our 15-second home value calculator.

 

 

May 13, 2018

PACE REAL ESTATE MARKET REPORT – MAY 2018

Here's is a look at the Pace Real Estate Market for April 2018.  According to the report released by the Pensacola Association of Realtors this week we are still experiencing a LOW INVENTORY Housing Market. Home sellers are slow to put their home on the market. This delay is causing a shrinking inventory, an increase in prices and a strong competition among home buyers.  

This Month in Real Estate

A Look at the Housing Stats

April ended with a total of 97 single-family homes sold.  That's an increase from the 89 sales in March. April 2018 sales were at their highest when comparing to April 2017 and 2016.  The median price range of houses sold in Pace during the month of April were $215,000.  That amount shows an increase of 15.6 percent from April 2017 but a decrease from the 3.4 percent from the $234,303 from last month.  April's year-to-date sales of 279 are running 3.7 percent ahead of last year's year-to-date of 269.

What Does This Data Mean?

At the end of the month there were 174 single-family homes listed with no offer.  It is a dramatic decrease of over 48 precent from this same time last year.  April's inventory was at it's lowest level compared to April of 2017 and 2016.  The low inventory trend continues with less than 2 months supply of inventory on the market. In order for the market to be balanced, there needs to be a 6 months supply of inventory on the market.

What Does This Mean If You Are Buying a Home in Pace?happy couple holding a real estate SOLD sign

Even with the shortage of inventory, home sales in Pace remains strong.  This is still a great time to buy while the interest rates are still low.  Rates are expected to continue to rise as we get further into this year.  Buying now will help keep your payments down.  You can buy more house with the same money than if you continue to wait until later in the year.  The lack of real estate inventory is also causing a rise in the median price ranges in the Pace area.  With the strong competition it is a good idea to stay on top of your game when it comes to house hunting.  One of the easiest ways is to do that is to sign up to receive email notifications and create saved home searches around the criteria you are looking for in your new home.

Cash sales made up 20 percent of all the sales in Pace.  This percentage is a dramatic increase from 6 percent of cash sales this time last year.  Cash buyers are showing that they are a force in the buyer's market.

What Does This Mean If You Are Selling a Home in Pace?

For some reason, Pace homeowners are slow to place their home on the market, but this is the perfect time to do so.  With the inventory low like it is, buyers are feeling an urgency to purchase.  For this reason putting your home on the market could get you the price you want and in record time.  Home prices continue to rise and and the number of sales keep going up.

The percentage of homes that sold within 60-days for the month of April was 65 percent. Last year, there were no homes that sold that quick.

Pace Florida Homes For Sale

Wondering what your home might be worth?  Find out instantly with our 15-second home value calculator.

Curious about what's happening in your neighborhood?  You can create a custom market report to see what's active, under contract, and sold in your neighborhood!

See Additional Reports on the Pace Real Estate Market.

Here are the most recent homes for sale just added to the database in the sale price range for Pace FL.  All homes are priced $300,000 or less.

 

April 16, 2018

Home Sales in Pace Florida 32571 - March 2018 Market Report

March 2018 Pace Market Report

There has been an increase in home sales in Pace FL for the third month in a row. There was an increase by 19 in February when looking at the homes sold in January. It is a small increase, but an increase just the same. Considering we are so low on inventory and have been for months it is a bit surprising. We have more buyers than homes for sale that an increase in sales almost seemed unlikely. At any rate, let’s take a look at this market together and see where it is and where it is likely headed.

The real estate market in Pace saw 56 properties exchange hands last month. That is 19 more sales than the previous month. In comparison, there were 85 closings during the same time-frame last year. While consumers are still purchasing properties in Pace FL, it is vitally important that new inventory become available soon. With only 2.4 months worth of properties to pick from, both buyers and investors will start to look elsewhere in Santa Rosa County if they do not find what they need here.

Thankfully, pending sales went way up this past month. There were 105 pendings, an increase of 47 over the previous month. It still bears repeating for sellers though…your home must be priced right and well maintained if you want it to sell in this market. With just 132 homes available (up 47 over the previous month), buyers should be prepared to act fast when they find a home that meets their needs in Pace FL. Any delay could cost them the house…it really is that simple right now!

No need to delay so let’s jump in and take a deeper dive to see what the home sales in Pace Florida in March 2018 looked like!

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April 1, 2018

PACE REAL ESTATE MARKET REPORT – MARCH 2018

The market results from the Pensacola Association of Realtors (PAR) are out so let's take a look at the Pace Real Estate Market for March 2018. Despite a severe inventory drought the buyers who patiently wait for new homes to hit the market there are still some good deals to be had in the Pace area. So grab a seat and let me walk you through this market, giving you a thorough analysis where it currently is.

 

This Month in Real Estate

              

 

A Look at Housing Stats

February ended with a total of 54 single family homes sold.  That's a dramatic increase from 37 sold in January but down 3.6% from 56 in February of 2017.  The median price range of houses that sold in Pace during the month of February was $206,900.  This amount shows an 7.2% increase from $192,950 from February 2017 and down 1.5% from $210,000 last month.  February's YTD sales of 91 are running 5.2% behind last year's year-to-date sales of 96.

 

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March 14, 2018

4814 Broadleaf Drive 32571 | Home For Sale in Pace FL with pool

4814 Broadleaf Drive

Brentwood Subdivision Pace FL  32571

4814 Broadleaf Drive Pace FL  32571 | Brentwood Subdivision

4814 Broadleaf Drive Pace, FL  32571 |Home for Sale in Pace FL with Pool 

 

   

  Anita Allen, REALTOR

Coldwell Banker Residential Real Estate

(850) 377-4410

To view all the information on this home click here: http://bit.ly/2FPrOUR

#OpenHouse #Comingsoon #paceschools #paceflorida #buyer #sell #homeforsale #buyahome #anitaallenrealtor #coldwellbanker #brentwoodsubdivison #buyorsellnwflorida #santarosacounty #poolhome #4814BroadleafDrive #sellmyhome #saltwaterpool

 

Address:

 4814 Broadleaf Drive Pace, FL  32571

Map of Brentwood:

    

Homes for sale with pool

Many times when someone is looking to purchase a home in Pace, they would like to have a swimming pool.  We have a lot of people that move here from up north after retiring.  They usually are moving here to get away from the snow and harsh winters.  With that being said, the buyers retiring to the panhandle usually have to adjust to the Florida humidity.  A home with a pool would make retirement more enjoyable to them.  

The Pensacola Area and the Florida Panhandle are known for having several military bases.  This brings in a lot of people that fall in love with what we call "Paradise".  They will most likely later move to continue their military career but always keep in their mind that they want to move back home when they retire.  I'm sure you've always heard of people retiring to Florida.  This is just one reason this happens.  

If you are looking to move to Pace and are looking for a home for sale with a pool you have come to the right place.

PACE HOMES FOR SALE WITH POOL:  CLICK HERE

 

HOMES FOR SALE IN BRENTWOOD SUBDIVISION PACE FL:  

 

 

 Anita Allen Realtor, PA Reviews: 

 

SEARCH THE PENSACOLA MULTIPLE LISTING SERVICE - CLICK HERE

Anita Allen
Realtor

Coldwell Banker Residential Real Estate
5561 Woodbine Road
Pace, FL 32571
Cell:  850-377-4410
Office Phone:  850-736-8050

www.buyorsellnwflorida.com

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Posted in Home Buying, Listing
Dec. 25, 2017

5485 Rowe Trail | Home for sale in Woodbine Springs Plantation Subdivision in Pace FL

UNDER CONTRACT

 

5485 Rowe Trail Pace FL, Woodbine Springs Plantation Subdivision

 

Woodbine Springs Plantation Subdivision  Property and Community Information

 

Desirable "Woodbine Springs Plantation Subdivision - a community that offers a nice approx. 52 Acre Lake.  This is a private subdivision with many amenities, three park areas, one with a gazebo which has a large pier overlooking the lake, one with a playground and swings and a dock to fish from and another with a playground featuring a park/playground with picnic tables.

 

Northwest FL buyers who are looking for plenty of space both indoors and outside as well as open floor plan are in for a treat. This coming soon home for sale in Pace FL in Woodbine Springs Plantation Subdivision has 1,975 heated square feet.

  Stainless Steel Appliances   Granite Countertops   Updated home in Woodbine Springs Plantation in Pace FL

  5485 Rowe Trail Dining Room Dining Room on Rowe Trail 5485 Rowe Trail Pace FL  Large Family Room

  Family Room on Rowe Trail  5485 Rowe Trail Master Bedroom Rowe Trail additional Bedroom

  Additional Bedroom Bonus Room at 5485 Rowe Trail Pace FL  Laundry Room

Price reduced to $195,000, this home is located at 5485 Rowe Trail in Pace FL. Below is a partial amenity list for this 3 bedroom / 2 bathroom Woodbine Springs Plantation Subdivision home for sale:

 

 Newly remodeled                       

   Look like wood tile flooring

   New granite countertops in Kitchen and Baths

   Gorgeous tile back splash

  Stainless steel appliances

    Wood burning fireplace with custom cabinetry

   2" blinds throughout

   Covered sun porch

   BRAND NEW A/C system with humidity control in 2016  

And many more extras

 

For more information:  5485 Rowe Trail Pace FL  32571

This Woodbine Springs Plantation Subdivision home is conveniently close to a variety of shopping and dining options and only 15 miles from Naval Air Station Whiting Field if your employment is on the base.

The Santa Rosa County FL Public Schools for this Woodbine  Springs Plantation home are S. S. Dixon Elementary, Sims Intermediate, and Pace High School.

In this fast paced real estate market, buyers who are pre-approved and ready to purchase a home have a distinct advantage over consumers who are not quite ready to make an offer.

 

Your Northwest FL Real Estate Professional

If this well maintained home for sale in Pace FL in Woodbine Springs Plantation Subdivision is a good fit for your family, call me at (850) 377-4410 so we can get you in for a walk through.

I am well versed in all types of residential real estate and can help guide you through the offer process on this property or any home in Santa Rosa and Esambia FL counties.

Make sure to visit http://buyorsellnwflorida.com to get the latest buyer and seller news as well as detailed market reports for each community in northwest Florida.

As always, I look forward to serving your northwest Florida real estate needs! Call, email, or text if I can help in any way.

 

Home for Sale in Pace Florida in Woodbine Springs Plantation Subdivision

Posted in Listing
Nov. 18, 2017

Top 5 Things NOT To Do After You Have Applied For A Home Loan

The Top 5

Top 5 Things NOT To Do After You Have Applied For A Home Loan  As a mortgage loan officer I get asked, "Now that I have my application completed is there anything that I shouldn’t do?" With being asking so many times I have come up with Top 5 things to NOT do after you have applied for a home loan.

5. Don’t delay in providing requested information. Delays in providing information can delay your loan approval and closing.

4. Don’t move your money around. Your lender will need documentation of all large deposits and/or transfers of funds.

3. Don’t throw away any pay stubs, bank statements, etc. Your lender may need updated documentation.

No New Car

2. Don’t buy appliances, furniture, a new car etc. Your credit maybe monitored up until the time of your closing and any credit inquires or new debts can affect your loan approval and/or postpone or cancel closing!

1. Don’t change jobs, quit your job or become self-employed. Changes to employment or income can affect loan approval.

Number 1 thing TO DO:

Contact your mortgage loan officer immediately should anything unexpected occur related to your employment, income, savings or other funds to your purchase or any time you have questions.

For more information please visit https://sheliabillingham.americanmortgage.com/

Or send me an email Shelia.billingham@americanmortgage.com

If you are planning to purchase a home and would like to get pre approved for your mortgage CLICK HERE!  It is a good idea to get pre approved so that when you find your dream home you are ready to write an offer on it and not have to wait to speak with a lender before writing your offer.  I look forward to helping you with your home mortgage.

 

 

Posted in Home Buying
Nov. 18, 2017

Our Thanksgiving Traditions

Thanksgiving is a time when families gather together to enjoy a wonderful feast and to enjoy being with each other. In our family it is also a meaningful time to reflect on the blessings and remember that our God has always been faithful in our lives.  Many families will go around the dinner table and each one will share what they are thankful for and how God has blessed them in the past year.

Thanksgiving, Family, praying

A Little Perspective

Thanksgiving has always been a really special time for our family, filled with more food than we can possibly eat and meaningful memories made together.  Several years ago our church started what we call "The Brown Bag Event".  This is where we have a shopping list attached to a brown paper bag.  Everyone is encouraged to take the grocery list and shop for the items on the list.  These are items that are needed to prepare a Thanksgiving meal.  Our church collects these bags for several weeks and the Sunday before Thanksgiving, the members of our church deliver these bags to people that would not have a Thanksgiving meal if we had not had our Brown Bag Event.  

When we deliver the food, it is amazing to see the faces of the needy people that receive the bags of grocery.  You would truly think it were Christmas from the joy all over these people faces.

Once when I delivered the bagged food I remember being told that the family did not have food and would not have a Thanksgiving meal had it not been for the giving, loving people of our church. It was then I realized just how much I can take for granted.  

I can honestly say, I have never thought "Where is my next meal coming from?" I have always had food to eat and never worried about my next meal.  God has truly blessed my family.  I'm not saying, I have not had worries and that I've always exactly what I wanted to eat. But God has ALWAYS been faithful and my family needs have always been met.  

After all the bags of groceries are delivered, our church family come together for our Thanksgiving Celebration, "The Dinner Table".  Here we celebrate that God provided a way for us to help people in need and that the many families will get to share a meal with their family on Thanksgiving.

During "The Dinner Table" we enjoy a wonderful Thanksgiving meal with our church family.  We share our stories of the deliveries to the families, we laugh and stuff ourselves with food. But it always seems that the usual expressions of thanks comes from a deeper place within our hearts. 

This Thanksgiving Holiday, I hope you and your family will have a wonderful time with loved ones, great food, and a wonderful time of sharing and making beautiful memories.  But let's all remember to praise God for the many blessings he has given us!  Happy Thanksgiving!!!

Posted in Community Local
Nov. 10, 2017

Pace Market Update August 2017

Closed Sales

  • There were 95 closed sales in the Pace Real Estate Market during the month of August. This is an increase of 8% over August 2016 when there were 88 closings. August 2017 sales were at their highest level compared to August of 2016 and 2015.

  • Year-to-date closed sales for the august were 659, up from 586. That’s a 12.5% increase on sales during the same period in 2016.

 

Pace FL closed Sales for August

 

New Listings/Inventory

  • Available inventory on September 1, 2017 in the Pace Real Estate Market consisted of 284 units, down 2.7% from 292 units last month and down 5.3% from 300 units in August of last year. August 2017 Inventory was at its lowest level compared with August of 2016 and 2015.

  • During the month of August 2017, there were a total of 91 new listings added to the market, a decrease of 16% from 109 last month and up 15.2% from 79 in August of last year.

 

Pace FL Supply of Inventory for August

 

Average and Median Sales Price

  • Average price of closed sales in the Pace area during the month of August was $22l,362, up 16% year-over-year, while median closed price was $212,000, up 14% from August 2016. August 2017 Average Sale Price was at the highest level compared to August of 2016 and 2015.

 

Median Sale Price and Average Sale Price

 

Eighteen years of successful representation for buyers and sellers allows me to offer excellent service. My dedication and determination will be an asset in reaching your goals. I have systems in place, references and am a good listener and communicator.

If you’re considering the sale or purchase of a home in the NW Florida Area, I would love the opportunity to earn your business and exceed your expectations.

 
Get Your FREE Pace FL Home Value Now
 
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Anita Allen
Realtor
Coldwell Banker Residential Real Estate
850-377-4410
Licensed In: Florida
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Nov. 3, 2017

First Time Home Buyer Seminar

Stop Paying Your Landlord's Mortgage!  You Can Own a Home for LESS!

SHARE WITH FRIENDS WHO COULD BENEFIT FROM ATTENDING THIS INFORMATIVE SEMINAR! 

Join us in discussing the benefits of Owning vs. Renting in the Northwest Florida market.

What we teach:

• Understand your own purchasing power
• Home search process, how working with a realtor will benefit you
• Program/ Finance options
• What you need to get started

The real estate market may seem complicated, but our goal is to make the entire process as smooth and pain-free as possible. By introducing mortgage, real estate and title experts, you can ask the questions that interest you.

We look forward to sharing all the information with you in this exciting and informative event.

Anita Allen from Coldwell Banker as well as a Shelia Billingham from American Mortgage and Jan Gaston will be there to answer any questions and help get you started on buying your first home!

Make plans NOW to attend!  Put it on your calendar so you don't miss it.  More information to come!

Stay informed and up-to-date on this First Time Homebuyer Seminar.  Also get information on other Homebuyer's Seminars.  Click Here:  http://bit.ly/2zgT4YA

First time home buyer seminar