Home > Perdido Key Real Estate Market
Spring 2020 Market Update
Perdido Key is an area of Pensacola with a zip code of 32507. According to Realtor.com our area is a HIDDEN GEM. Their artlcle reads: Pensacola, FL, has moved up to the #17 position on the Q2 turnaround list from #31 in the first quarter largely due to its -27.27% reduction in the median age of inventory. Pensacola Naval Air Station, Eglin Air Force Base in Fort Walton Beach and Tyndall Air Force Base in Panama City are three of the dominant regional employers. Military employment is a major factor contributing to economic stability and housing demand, helping Pensacola avoid the peaks and troughs of other Florida markets. Home prices have risen 11.35% in the past five years. Escambia County’s one in every 641 housing unit foreclosure rate is better than Florida’s statewide rate of one in every 401 housing units. Perdido Key has had a very low foreclosure rate.
Average Sold Home Price: $500,000

Average Time on Market: 60-90 days

Best Selling Price Range: $400,000 - $449,000

Existing Home Prices for the past 90 days: No Change

Market Trend: Decreasing

Buyer's or Seller's Market: More buyers than sellers

Buyer Activity for the past 90 days: Increasing

Seller Activity for the past 90 days: Decreasing

Multiple Offers? Yes

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 0-5%

Is Financing Available For Qualified Buyers? Yes

Housing Inventory: Very tight market

Greatest Activity: Repeat Buyers

Nearest Metro Area: Pensacola

Contact Information
Nancy Bristow GRI ABR e-PRO Certified Global Marketing Agent
Direct: 850-492-5717 Cell/Text: 850-485-0687
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Mortgage Rates for Apr 6th, 2020
30 year fixed rate: 4.51%
15 year fixed rate: 3.90%
30 year jumbo rate: 4.41%
15 year jumbo rate: 4.12%
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Real Estate Professional, Nancy Bristow GRI ABR e-PRO Certified Global Marketing Agent Nancy Bristow GRI ABR e-PRO Certified Global Marketing Agent
ERA Emerald Coast Realty
Specializing in Perdido Key Real Estate
240 E. Intendencia Street
Pensacola, Florida 32502
Direct: 850-492-5717 Cell/Text: 850-485-0687
Email Me | Receive New Listings by Email
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(Because current market conditions can change rapidly in any given marketplace,
please check with Nancy Bristow GRI ABR e-PRO Certified Global Marketing Agent for current Perdido Key, FL market conditions before acting on this information.)
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