This month’s newsletter offers the latest local real estate market analysis and a few properties with distinctive styles. Wishing everyone a Happy Thanksgiving.
Emerald Coast Realty
Call or Text (850) 485-3575  
East Hill real estate
Coastal Real Estate Update
Brought to you by Chris Reid
November 2020
Chris Reid, Realtor
 
Chris' Favorite Properties
Pensacola, FL distinctive styles
Distinctive styles in 32501 – Here are a few of my current favorite listings in our downtown and North Hill neighborhoods that set a mood.
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Property Sales Last Month
October 2020 Real Estate Sales
Sales in the Greater Pensacola and beach areas of condos and homes remain in record territory as seen in the monthly listing sales from the Pensacola MLS on the chart above. There were 863 residential sales in October 2020. This down slightly from the previous month but year-over-year sales are significantly up; this is the best October sales ever. Last year there were 799 sales in October. Inventory of homes and condos is very low, and the average residential price this month is at $284,371. The real estate market is continuing to be running hot, and sales are substantially greater than the past ten years sales. The market now is considered a strong "seller's market"...
Builder Confidence at Record High, 6% Above Previous Record
Builder Confidence at Record High, 6% Above Previous Record
Builders are almost giddy. An Index of 50 suggests a balance between optimism and pessimism, but Nov.’s confidence number hit 90 after a record-breaking 85 in Oct....
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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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