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! 

 

 

 

July 4, 2020

Home Sales in PACE FLORIDA 32571 - February 2020

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.

 

Pace FL Real Estate 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!

 

Find Pace FL Homes for Sale

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.

May 4, 2020

Pace Real Estate Market Report - January 2020

Pace Real Estate Market Report - January 2020

Pace Real Estate Market Report for January 2020

Here’s a look at the Pace Real Estate Market Report for January 2020. According to information from the Pensacola Association of REALTORS®, the current real estate inventory numbers are still low for this area and the number of new listings has also decreased. Let’s take a closer look at the Pace market trends.

A Look at Housing Stats

Pace FL Market Stats

December ended with a total of 70 homes sold. We’re seeing an increase of 18.64 percent when we compare this month’s sales to the 59 recorded in November. Sales are down 1.4 percent from this same time last year, and sales are down 3.9 percent when we look at year over year stats. There have been 921 total sales this year compared to the 959 total sold by this time last year.

The average sale price of homes in Pace was $254,104 in December. That amount shows an increase of 4.55 percent when we compare it to the $243,044 from November. In December 2018, the average sale price was $226,170, which is an increase of 12.3 percent year over year. The median sale price for homes sold in December was $230,782. This amount is higher by 9.9 percent from last year’s $210,000.

What Does this Data Mean?

December began with 28 homes for sale without an offer. This number shows a increase of 5.2 percent from the 27 we recorded in November. We continue to see a decrease in the active listings available for Pace as we move through this year. In fact, December showed the lowest inventory number in years.

Currently, The Pace Real Estate Market has .5 months of inventory to sell. The real estate market is considered a sellers market.

What does this mean if you’re buying a house in Pace?

Couple shopping for a home on the internet

The current inventory shortage combined with the decline in new listings is creating a competitive market for homebuyers. There’s something you can do to increase your odds of getting to a new listing before the crowd. Sign up for free email updates that are set up according to the criteria that you find important when it comes to searching for a home. These updates may just give you the edge needed to step in front of your competition and buy the home of your dreams.

What does this mean if you’re selling a house in Pace?

Home sellers in Pace are in the best position possible as we move towards beginning of the New Year. Sellers are receiving 98.5 percent of their asking price when it comes to home sales in this area. The average days on the market for homes sold in December was 49 days. This number is down 14.4 percent from the 57 days that were recorded this time last year.

The average selling price per square foot as we ended December was $115. This amount is up by 7.48 percent from the $107 recorded this same time in 2018 and shows a 0.86 percent decrease from the $116 from November. Want to give yourself the best chance of getting the highest return on your investment when it comes to the home selling process? Make sure that you do everything possible to set your asking price correctly from the start. Start by getting an idea of your home’s worth today by using our home valuation calculator.

Pace Homes for Sale

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

See Additional Report on the Pace Real Estate Market

Here are the most recent home listings just added to the database in the average sale price range for Pace. All homes here are priced at $254,104 or less.

March 10, 2020

Things to do in Pensacola Beach - Go Irish on the Island 2020

Things to do in Pensacola Beach, FL - Go Irish on the Island 2020

St. Paddy's Day Pub Crawl, Pensacola Beach FL

Sponsored by The Pensacola Beach Chamber of Commerce

Go Irish on the Island at the annual St. Paddy’s Day Pub Crawl, Tuesday, March 17 on Pensacola Beach! The Pensacola Beach Chamber of Commerce sponsors the annual pub crawl, which features 12 participating beach bars, restaurants and hotels serving up Irish drink specials, music and mischief.

The fun begins from 9:30 a.m. - 10:30 a.m. at Crabs We Got ‘Em on Pensacola Beach and includes a free breakfast buffet with a drink purchase! Each stop after will last 45 minutes. The last stop begins at 6 p.m. Revelers can jump in and join the fun mid-day at any of the locations and times listed below.

While it’s a celebration of Irish culture and traditions, the St. Paddy’s Day Pub Crawl is also a benefit for Covenant Care. The Pensacola Beach Chamber of Commerce donates proceeds from the sale of pub crawl t-shirts to the organization. The t-shirts are $15 each and will be available at each of the stops and the Visitor Information Center on Pensacola Beach.

*In addition to the timed out stops listed on our event, we have additional restaurants and bars that can be stopped at along the way of the Pub Crawl such as Paddy O'Leary's Irish Bar, Fish Heads at Best Western, Casino Beach Bar & Grill, and Holiday Inn Resort - Tiki Bar.

 

Schedule · Tuesday, March 17, 2020
9:30 AM - 10:30 AM
Stop #1: Crabs We Got 'Em
10:30 AM - 11:15 AM
Stop #2: Hilton Pensacola Beach
11:15 AM - 12:00 PM
Stop #3: The Break Beach Bar
12:00 PM - 12:45 PM
Stop #4: Paradise Bar & Grill
12:45 PM - 1:30 PM
Stop #5: Island Culture Tiki Bar
1:30 PM - 2:15 PM
Stop #6: Red Fish Blue Fish
2:15 PM - 3:00 PM
Stop #7: Flounder's
3:00 PM - 3:45 PM
Stop #8: The Sandbar
3:45 PM - 4:30 PM
Stop #9: Shaggy's
4:30 PM - 5:15 PM
Stop #10: Cafe Nola
5:15 PM - 6:00 PM
Stop #11: Bamboo Willies
Posted in Community Local
Nov. 15, 2019

5351 Stafford Circle Pace, FL 32571 | Windsor Forest Subdivision | Anita Allen (850) 377-4410

5351 Stafford Circle, Pace, FL 32571

Coming Soon

$ Click for current price
5 BEDROOMS | 2.5 BATHROOMS | 3133 SqFt

More pictures coming soon!  Fantastic 2-story family home located in one of Pace's most desirable neighborhoods. This charming southern living type home is looking for a new family.  To the right of the foyer is the dining room with crown molding, chair rail and elegant lighting. The well-appointed kitchen offers ton of cabinetry, lots of counter-top space, refrigerator, built-in microwave, smooth top range & dishwasher, breakfast area with Bay Window, and extra cabinets for storage. Foyer is open to the spacious family room with soaring cathedral ceilings, fireplace, built-ins and a wall of windows in the great room make this a cheerful, inviting space while being completely functional. The flowing open floor plan makes it easy to move about the home and entertain guests. Just off of the great room is a convenient half bath that has been remodeled. The downstairs master bedroom is large and will accommodate a king size bed and furniture. The master bath boasts a jetted walk-in tub, separate shower, walk in closets and double vanity. Situated off the master bedroom is the office/study, as is the laundry room. The laundry room has overhead cabinetry and extra room for all of your needs. Upstairs are three generously sized bedrooms and full bath. You’ll enjoy morning coffee and reading a book in your sunlit Florida room, looking out a wonderful wooded view! Large lot with privacy fenced backyard and full view of greenbelt, no worries of anyone building behind you. Room enough for any size pool you want! Windsor Forest is a quiet neighborhood with one entry located in Pace. The neighborhood has underground utilities and street lights. This lovely home is in a great location & conveniently located to schools, shopping, medical facilities & Pensacola. This is truly a gem! Coming Soon! Goes active on the market on 11/22.
 
Posted in Listing
Sept. 29, 2019

Pace REAL ESTATE MARKET REPORT – May 2019

Pace FL May '19 Profile & Trends Overview

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Sept. 28, 2019

PACE REAL ESTATE MARKET REPORT – April 2019

Market Profile & Trends Overview

Property Sales

April Property sales were 77, down -21.4% from 98 in April of 2018 and 11.6% higher than the 69 sales last month. April 2019 sales were at their lowest level compared to April of 2018 and 2017. April YTD sales of 242 are running -13.3% behind last year's year-to-date sales of 279.

 

Prices

The Median Sales Price in April was $224,000, up 4.2% from $215,000 in April of 2018 and up 9.3% from $205,000 last month. The Average Sales Price in April was $241,932, up 7.5% from $224,969 in April of 2018 and up 10.6% from $218,741 last month. April 2019 ASP was at highest level compared to April of 2018 and 2017.

Inventory & MSI

The Total Inventory of Properties available for sale as of April was 174, down -7.4% from 188 last month and down -13.9% from 202 in April of last year. April 2019 Inventory was at the lowest level compared to April of 2018 and 2017.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2019 MSI of 2.3 months was at a mid range compared with April of 2018 and 2017

Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for April was 61, up 19.6% from 51 days last month and down -14.1% from 71 days in April of last year. The April 2019 DOM was at its lowest level compared with April of 2018 and 2017.

 

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The April 2019 Selling Price per Square Foot of $111 was equal to $111 last month and up 5.7% from $105 in April of last year.

 

Selling Price vs Listing Price

 

Selling Price vs Listing Price

 

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market.    and up from 98.1% in April of last year.

 

Inventory / New Listings / Sales

'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in April 2019 was 108, up 8.0% from 100 last month and up 14.9% from 94 in April of last year.

 

I would love the opportunity to discuss your individual real estate needs and how I can help you achieve your goals.  When you hire me, you get the national presence of Coldwell Banker, all their marketing tools via print, internet/social media, television and my 20+ years of real estate and marketing experience working for you.  I hope this information is helpful to you and I look forward to earning your business.

Find Pace FL Homes for Sale

 

For a complete list of the available real estate in Pace FL and all of Santa Rosa County, search all the available Pace FL houses 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 what your Pace FL home is worth or so we can discuss your housing needs.  I know this market incredibly well and can assist you with all your residential real estate needs in this market.

Review 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.

Sept. 28, 2019

PACE REAL ESTATE MARKET REPORT – March 2019

Pace Market Profile & Trends

View More
Sept. 28, 2019

PACE REAL ESTATE MARKET REPORT – February 2019

Market Profile & Trends

Property Sales

 

February Property sales were 51, down -7.3% from 55 in February of 2018 and 13.3% higher than the 45 sales last month. February 2019 sales were at their lowest level compared to February of 2018 and 2017. February YTD sales of 96 are running 4.3% ahead of last year's year-to-date sales of 92.

 

Prices

 

The Median Sales Price in February was $225,500, up 9.0% from $206,800 in February of 2018 and up 3.4% from $218,000 last month. The Average Sales Price in February was $230,623, up 8.3% from $212,955 in February of 2018 and up 3.1% from $223,582 last month. February 2019 ASP was at highest level compared to February of 2018 and 2017.

 

Inventory & MSI

 

Inventory & MSI

 

The Total Inventory of Properties available for sale as of February was 197, up 16.6% from 169 last month and down -29.9% from 281 in February of last year. February 2019 Inventory was at the lowest level compared to February of 2018 and 2017.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The February 2019 MSI of 3.9 months was at its lowest level compared with February of 2018 and 2017.

 

Market Time

 

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market.

The DOM for February was 60, up 11.1% from 54 days last month and down -25.0% from 80 days in February of last year. The February 2019 DOM was at its lowest level compared with February of 2018 and 2017.

 

Selling Price per Square Foot

 

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values.

The February 2019 Selling Price per Square Foot of $107 was down -0.9% from $108 last month and up 5.9% from $101 in February of last year.

 

Selling Price vs Listing Price

 

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market.

The February 2019 Selling Price vs List Price of 97.4% was up from 95.9% last month and up from 95.8% in February of last year.

 

I would love the opportunity to discuss your individual real estate needs and how I can help you achieve your goals.  When you hire me, you get the national presence of Coldwell Banker, all their marketing tools via print, internet/social media, television and my 20+ years of real estate and marketing experience working for you.  I hope this information is helpful to you and I look forward to earning your business.

 

Find Pace FL Homes for Sale

 

For a complete list of the available real estate in Pace FL and all of Santa Rosa County, search all the available Pace FL houses 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 what your Pace FL home is worth or so we can discuss your housing needs.  I know this market incredibly well and can assist you with all your residential real estate needs in this market.

Review 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.

Sept. 15, 2019

PACE REAL ESTATE MARKET REPORT – January 2019

PACE REAL ESTATE MARKET REPORT – January 2019

Pace Real Estate Market Report - January 2019

We are currently in a seller's market with LOW INVENTORY for buyer's looking to purchase a home. If you have been considering selling your home - NOW IS A GREAT TIME! Home values have been on the rise so you may be pleasantly surprised about your home's value in the current market.

 

Pace Market Profile & Trends Overview

Property Sales

January property sales were 45, up from 37 in January in 2018 and -33.8% lower than the 68 sales last month.   .  January YTD sales of 45 are running 21.6% ahead of last year's year-to-date sales of 37.

Prices

The median sale price in January was $218,000, up 8.3% from $201,250 last month.  The average sales price in January was $223,582, up 3.3% from $216,360 in January of 2018 and up 1.0% from $221,264 last month.  January 2019 average sale price was at highest level compared to January of 2018 and 2017.

Inventory & MSI

Pace total inventory and month to sell inventory 1/31/2019

The total inventory of properties available for sale as of January was 168, down -2.3% from 172 last month and down -39.6% from 278 in January of last year.  January 2019 Inventory was at the lowest level compared to January of 2018 and 2017.

 

A comparatively lower MSI is more beneficial for seller while a higher MSI is better for buyers.  The January 2019 MSI of 3.7 months was at its lowest level compared with January of 2018 and 2017.

 

 

 

Market Time

The average Days On Market (DOM) shows how many days the average property is on the market before it sells.  An upward trend in DOM tends to indicate a move towards more of a buyer's market, a downward trend a move towards more of a seller's market.  The DOM for January was 54, down from 66 days last month and down from 77 days in January of last year.  The January 2019 DOM was at its lowest level compared with January 2018 and 2017.

 

Selling Price vs Listing Price

The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price.  the lower the ratio is below 100% the more of a buyer's market exists, a ratio at or above 100% indicates more of a seller's market.  The January 2019 selling price vs list price of 95.9% was up from 95.4% last month and down 98.1% in January of last year.

 

Inventory/New Listings/Sales

This last view of the market combines monthly inventory of properties for sale along with new listings and sales.  The graph shows the basic annual seasonality of the market as well as the relationship between these items.  The number of new listings in January 2019 was 75, up 47.1% from 51 last month and equal to 75 in January of last year.

 

I would love the opportunity to discuss your individual real estate needs and how I can help you achieve your goals.  When you hire me, you get the national presence of Coldwell Banker, all their marketing tools via print, internet/social media, television and my 20+ years of real estate and marketing experience working for you.  I hope this information is helpful to you and I look forward to earning your business.

Find Pace FL Homes for Sale

For a complete list of the available real estate in Pace FL and all of Santa Rosa County, search all the available Pace FL houses 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 what your Pace FL home is worth or so we can discuss your housing needs.  I know this market incredibly well and can assist you with all your residential real estate needs in this market.

 

Review 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.

June 20, 2019

6875 Malvern Street, Pensacola, FL 32506 | West Jackson Terrace | Anita Allen

6875 Malvern Street, Pensacola, FL

$ Click for current price
3 BEDROOMS | 1 Baths (1 full ) BATHROOMS | 1161 SqFt

TURN KEY. MOVE IN READY!!! Great home for first time home buyer! All that is left is your personal touch. This 3 bedroom 1 bath open concept floor-plan that been updated with fresh interior and exterior paint, new flooring. Located in West Jackson Terrace, conventiently located just 15 Minutes from NAS, Cordova Mall, and only 25 minutes to beautiful Perdido Key and or Pensacola Beach area!  This home has great curb appeal and once you open the front door it gets even better.  Good quality homes in this price range don't last long.  Make your appointment today!  Buyer to verify all measurements, square footage and lot size. 

Presented By:

Anita Allen

Realtor
Coldwell Banker Residential Real Estate
850-377-4410
Licensed In: Florida

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