Magazine  April online issue   

INVESTING: REAL ESTATE
Three Booming Towns
Geography and jobs have made these markets hot—and they're getting hotter.
By Shelley Neumeier  

Just In! New Chart Below Shows Pensacola Area Homes Still Cheaper 
Than Anywhere In All Of Florida   Especially when you look at the waterfront communities of Florida! Median price here is thousands and thousands less!! Here's an example Click here!

FIVE MINUTE PENSACOLA STREAMING VIDEO CLICK HERE

It's no news to homeowners: Real estate has been a terrific investment for a decade or more. So is it too late to invest in property now? Not according to most real estate economists, executives, and brokers. Of course, some markets will fare better than others. "If you're looking for where there's going to be significant demand over the next several years, follow the demographics," says Alex Perriello, CEO of Coldwell Banker Real Estate. That means, to a large degree, following the baby-boomers as they start to think about retirement spots in the Southwest and Southeast. But retirees alone cannot support a market: Job growth is necessary as well.

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Update 10/19/2006: We still have the best priced homes persqft in all of Florida. As of today there were 167 202 homes with a garage on the market for less than $90 per sq ft  This is lots cheaper than anywhere in Florida.

 New Chart Below Shows Pensacola Homes Still the 
Best Buy In All Of Florida. Now is the time (Fall/Winter) to buy in Pensacola
(Posted 10/19/2006)
Pensacola median sales price $169,500 ... this means fully half of the homes sold for less than the above price. Second fact our waterfront property is cheaper here than anywhere else! Compare us to other waterfront communities.

 

A Chart showing statistics for Florida and its 20 MSAs follow. The chart
compares the volume of existing, single-family home sales and median sales
prices in August 2006 to August 2005.

Florida Sales Report - August 2006

Single-Family, Existing Homes

Realtor Sales

Median Sales Price

Statewide &
Metropolitan Statistical Areas (MSAs)

 

August
2006

August
2005

 

%
Chge

 

August
2006

 

August
2005

 

%
Chge

STATEWIDE

14,736

22,421

-34

$248,400

$248,400

—

STATEWIDE YEAR-TO-DATE

128,566

176,233

-27

$250,600

$229,900

9%

Daytona Beach

731

1,331

-45

$215,400

$222,800

-3

Fort Lauderdale

702

966

-27

$362,800

$387,000

-6

Fort Myers-Cape Coral

691

968

-29

$264,100

$283,600

-7

Fort Pierce-Port St. Lucie

387

741

-48

$251,900

$267,600

-6

Fort Walton Beach

255

312

-18

$229,200

$256,800

-11

Gainesville

293

352

-17

$215,300

$190,000

13

Jacksonville (1)

1,368

1,697

-19

$202,300

$194,200

4

Lakeland-Winter Haven

465

541

-14

$179,000

$168,100

6

Melbourne-Titusville-Palm Bay

527

770

-32

$220,000

$248,700

-12

Miami

695

1,106

-37

$378,800

$356,900

6

Naples

259

472

-45

$469,100

$500,800

-6

Ocala

410

599

-32

$169,600

$148,900

14

Orlando

2,221

3,418

-35

$261,000

$248,600

5

Panama City

133

185

-28

$187,500

$220,500

-15

Pensacola

426

506

-16

$169,500

$175,500

-3

Punta Gorda

256

365

-30

$210,300

$223,500

-6

Sarasota-Bradenton

765

1,062

-28

$309,700

$347,400

-11

Tallahassee

462

570

-19

$175,500

$163,800

7

Tampa-St. Petersburg-
Clearwater (2)

2,785

4,788

-42

$237,800

$215,600

10

West Palm Beach-Boca Raton

655

1,319

-50

$386,000

$411,400

-6

(1)  Data from the St. Augustine-St. Johns County Board of Realtors was not available.
(2)  Data from the Hernando County Association of Realtors was not available.

Editor's note: Sales numbers represent totals of Realtors' closed transactions from local Realtor
boards/associations within the MSAs.

This information is based on a survey of MLS sales levels from Florida’s Realtor boards/associations.
MSAs are defined by the 2000 Census. Source: Florida Association of Realtors and the University of
Florida Real Estate Research Center.

Homes@pensacolainformation.com ask us about 1031 Exchanges.

We found three already hot markets where employment is healthy, population is growing rapidly, and prices have yet to go off the map—all factors necessary for strong appreciation over the next several years.

Do your research here Pensacola has the cheapest (best investment) homes in Florida. If you'd like to COMPARE do a Search on homes anywhere in Florida here.

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Pensacola
Why it's hot: The entire state of Florida has been booming. But Gary Eldred, author of Investing in Real Estate, steers potential buyers to the relative affordability of the Florida Panhandle. Pensacola, in the Panhandle's northwest corner, is one of the cities that's on top when Michael Sklarz, chief valuation officer for Fidelity National Financial, crunches numbers looking for the best balance of value and growth around the country.

Update 10/19/2006: We still have the best priced homes persqft in all of Florida. As of today there were 202 homes on the market for less than $90 per sq ft for mainstream investment grade homes ...  1 or 2 car garages homes and built with the newer energy standards of today.

Search for homes by price click HERE!

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