This month’s newsletter shares an article that sums up where we are in our current real estate market, our market stats and my favorite properties on the market
Emerald Coast Realty
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East Hill real estate
Coastal Real Estate Update
Brought to you by Chris Reid
June 2020
Chris Reid, Realtor
 
Chris' Favorite Properties
Chris' Favorite Properties & flag
There are always those Pensacola properties that stay on your mind or catch your attention. This is a selection of properties on the market that I consider some of my current favorites and why. Enjoy!
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Property Sales Last Month
May 2020 Real Estate Sales
Sales in the Greater Pensacola and beach areas of condos and homes remain strong as seen in the monthly listing sales from the Pensacola MLS on the chart above. There were 757 residential sales in May 2020. This is down from the previous month and year-over-year sales. Last year there were 994 sales in May. Inventory of homes and condos is very low, and the average residential price this month is at $254,127...
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FL Moves a Step Closer to ‘Normal’
Fla. Moves a Step Closer to ‘Normal’ Under Phase 2 Reopening
The housing market is recovering much faster than most other sectors in the economy in the current recession. But will it last? The current housing shortage and homeowners’ strong equity positions will likely rescue real estate from any downturn that would be similar in scope to the 2008 financial crisis, economists said during the “Economic Outlook and Housing Trends” webinar Wednesday, hosted by Freddie Mac and the Down Payment Resource.
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Emerald Coast Realty
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Emerald Coast Realty  •  125 W Romana St, Suite 620  •  Pensacola, FL 32502

https://www.gibbons-realty.com

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