Home Sales in Pace Florida 32571
February 2020 Market Report
Home Sales in PACE FORIDA 32571- FEBRUARY 2020
Home sales in PACE FL really took off this past month. Buyers have decided now was the right time to get off the fence and become homeowners, and it was a welcomed sight! In this sellers market, a fresh new supply of inventory would be very helpful to keep the momentum going as we continue in 2020.
Do you hear that homeowners? Now is a great time to get your property listed, viewed, and sold in the Pace real estate market. What are you waiting for? Call me and let’s discuss your options!
The home sales in Pace FL totaled 60 closings this past month. That is 5 more than the previous month. With only 3+ months worth of houses for consumers to choose from, you can bet buyers and investors will start to look elsewhere in Santa Rosa County if they do not find what they need here. Now is the time sellers…get your house on the market!
There was 7 pending sales this past month. That is 3 more homes going under contract than the previous month. With only 200 houses available, buyers should be prepared to act fast when they find a Pace FL home that meets their needs. Any delay could cost them an opportunity to own that property. It really is that simple right now!
Stay with me as we deep dive into this market and what home sales in Pace Florida looked like this past month and where they are likely headed in the near future.
Pace Florida Homes Sales
With 50 Pace Florida homes sales, this market took off after looking like it was going to hibernate for the winter. As a comparison, during the same time frame last year, there was 74 closings. The average number of homes sales in Pace FL (per month) over the past 12 months is 44 properties exchanging hands. There are still deals to be had which should be an incentive for buyers and investors to get out and preview the available inventory in this market.
The average days on market for home sales in Pace Florida this past month was 65 days (from listing to closing). That is 5 days slower than it took 60 days to close homes (on average) during this time-frame last year. Quick closures are always a testament to both motivated buyers and sellers.
The average sales price came in at $230K+. That is $13K below the previous month which was $243K+. The total was 7.6 Percent higher than the same time-frame last year. Homes in all price points have a good opportunity to be seen and sold in the Pace real estate market right now, especially if they are market priced and well maintained!
The sales price to list price ratio (SP/LP) was excellent coming in at 98% last month. This was down from 98.2% from January and up from 97.4% in February of last year. The 12-month average is at 98.1%. When buyers and investors find a home they want, they are making decent offers giving sellers an incentive to negotiate and sell their property. What they are not doing is overpaying in this market right now, despite the shortage of inventory.
How can both buyers and sellers gain an advantage in the current Pace FL Real Estate market? Employ the services of a local Pace FL Real Estate Agent who understands all of the ups-and-downs and twists and turns of this market.
Currently, the Pace FL real estate market favors sellers with 3+ month of available inventory (200 homes) to choose from. To review the home sales in Pace FL this past month as well as other closing information, check out the following statistics:
- Average Sales Price: $248,141
- Median Sales Price: $233,450
- Number of Monthly Sales: 60
- Average Days-On-Market, Sold Homes: 65
- Average Sales Price /List Price Ratio: 98%
- Highest Priced Sale: $510,000
- Lowest Priced Sale: $104,000
- Largest Home Sold: 4,425 sq ft
- Smallest Home Sold: 1,040 sq ft
This is a good real estate market to be part of for buyers, investors, and sellers. Do not delay or you may miss out on the home of your dreams in Pace FL!
For a complete list of the available real estate in Pace FL and all of Santa Rosa County, search all the available Pace homes for sale. As always, subscribe to my newsletter so you do not miss out on any Pace home deals!
Call me at (850) 377-4410 to find out how much your Pace FL home is worth or so we can discuss your specific housing needs. I know this market incredibly well and can assist with all your Pace residential real estate needs. ~ Anita ~
Preview the Home Sales in Pace FL 32571
Statistics represent single family homes and townhouses in Pace FL(Source: PARMLS) for the referenced month. Information is deemed reliable, but not guaranteed.