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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


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