Pensacola Realty Masters Blog
Realty Masters is happy to present the following Pensacola area community and Pensacola real estate information!
We've compiled a comprehensive list of new construction home builders that are continuously building new homes in Escambia and Santa Rosa Counties in Northwest Florida.
Builder: D.R. Horton (http://www.drhorton.com/)
Flynn Built- https://www.flynnbuilt.com/
Builder: Henry Homes (http://www.henrycompanyhomes.com/)
Builder: Adams Homes (https://www.adamshomes.com/communities/florida/pensacola)
Builder: Thomas Home Corporation (http://thomashomescorp.com/)
Builder: Holiday Builders (https://www.holidaybuilders.com/)
South Bay Construction - https://southbayconstructionfl.com/
Owens Custom Homes- https://www.owenshomeconstruction.com/
Kevin Russell Builders- http://www.kevinrussellhomes.com/
Mack Custom Homes- https://mackcustomhomes.com/
With so much new commercial and residential new construction in the area, the plethora of options involved in the new construction building process can be overwhelming for a prospective home buyer! We are here to help.
We are happy to help lead you whether you have a lot picked out to design and build a home custom to you, or find a new construction home in a newly developed neighborhood. Pensacola is growing at exponential rates and the builder are working hard to meet the supply and demand levels. Give one of our agents a call today for assistance with your BRAND NEW DREAM HOME.
There is no doubt about it- we are in a seller’s market. Inventory is down as much as 50%, and prices are up, which makes finding a home to purchase more challenging. It is not uncommon for Pensacola area sellers to get 10 or 15 offers upon putting their home on the market. Especially now, buyer’s need a little more than good luck to secure a nice home. Buyers (and us Realtors, too) are easily frustrated over the process of trying to secure a home. With the help of a good realtor and a lot of persistence, you can still find your dream home in the Pensacola area!
Here’s David explaining 5 quick tips for homebuyers to help navigate the seller’s market and get their offer accepted.
- Get a realtor who can communicate well with the other listing agent. This can help to find out what is important to the seller and strengthen you offer for negotiations.
- Consider an escalation clause to step above other offers.
- Consider what the offer will net and come with your own closing costs.
- Simplify the contract! Remove contingencies, consider a shorter inspection period, and limit repairs.
- Get a strong pre-approval and shop within your budget.
Reach out to David for help finding yours at (850) 375-7529 or email him David@PensacolaRealtyMasters.com
You can search Pensacola area homes for sale on our website here https://www.pensacola-gulfbreezehomes.com/
After a rough year for many business and people due to Covid-19, it has become hard to find the positives for the year 2020. However, landlords and home owners can rejoice, because the real estate market has been absolutely exploding with growth. The market for Pensacola and the surrounding areas in general has been performing at all-time highs in many areas and all the positive indicators of a sellers’ market can currently be seen.
The area is experience a housing shortage like many areas, but this shortage has only been magnified by the recent coming of Hurricane Sally. This unique situation is causing prices to soar, as options for buyers are limited.
- First of all, the inventory we are experiencing is significantly lower than 2019. This time last year, the MLS had a total of 2,361 active listing for buyers to choose from. Today, the MLS currently has only 1134 homes that are actively for sale. The drop in supply is over 50% from 2019-2020 and this is causing prices to go up as buyers are working against multiple offers the first week the home goes on the market, in many instances.
- To put things into perspective, the average sales price of homes in our area has gone up a whopping $46,000 from this time last year. Even the medium sales price has gone up $30,000 from last year at this time.
- Not only are the prices going up, but even the average days on the market for sales has gone down significantly. Last year, the average time on the market before a home sold was 58 days. That number today, is down to just 41 days.
Homes are truly selling for historically high prices, while closing in record time. All these factors make for a perfect opportunity for home owners to capitalize on their investments. If you have considered selling your home in the past, now may be the best time to capitalize on the market conditions. Even if you are just curious how much your home could sell for, we would be happy to give you our opinion on the value, while also, helping you weigh the pros and cons of selling. Give our sales office a call today to take advantage of the market today, before it’s too late.
Across the country, low inventory and increasing home prices are causing rentals to be more indemand. The Pensacola Real Estate market, is definitely a Seller and a Landlord's market as of 2018. The supply of quality homes for rent is currently exceeded by the demand.
In a recent study done by attomdata.com, we see that Escambia County is 57 out of 449 best counties to invest in single family rental properties in 2018, according to the analytics. Pensacola ranked the highest among all Northwest Florida Counties. The data reports less than a 5% investment property vacancy rate and an 11.8% 2018 Annual Gross Rental Yield.
Neighboring Santa Rosa County was ranked 299 out of 449 and Okaloosa County was ranked 219 out of 449.
Demand for Single Family Rentals
One of the major things shown by this report, is that there is a demand for Pensacola rental property. People simply want to live is this beautiful area! From our trendy downtown areas to our upscale beachfront communities, there is something here for every person and every budget. Pensacola is still ranked as one of the most affordable markets in Pensacola.
So what are some contributing factors to Pensacola’s booming rental market? One of the most influential factors, is the military presence in the area. The next factor would be the large growth in the north side of the county due to new jobs being created at the Navy Federal Credit Union. Additionally, we have two colleges including University of West Florida and Pensacola State College which feed the rental market. Finally, there are the renters who simply appreciate the fact that when something goes wrong, they have property management to turn to.
Investing in Pensacola Real Estate
The article points out that the people benefiting the most from the current economic condition of rental real estate, are the owners who have invested in 6 homes. With the demand for rentals on the rise, rents are increasing in the area. We are seeing low supply and high demand so we must admit that it's tough right now to purchase an income producing property. You need a good realtor to help you find, identify, and act fast on good income producing properties.
As we are fellow real estate investors ourselves, we want to help you build income producing real estate investments. We are here to come beside new and experienced investors to streamline the process. Our sales team and property management team work together to identify viable properties to purchase and our sales team of qualified Realtors are prepared to walk you through the investment process with honest, reliable advice.
When you are ready to rent it out, our property management team is ready and willing to assist. So if you are considering investing in the Pensacola area or in Escambia County, give our agents a call!
Click Here for the original article and more data on real estate markets around the state and country.
originally posted 04-04-2018
- Tenant Education
- Pensacola Real Estate
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- Military PCS Move to Pensacola
- New Construction Builders in Pensacola
- Considerations when Purchasing a Pensacola Multifamily investment
- What Makes a Good Pensacola Investment Property
- Buy and Hold Investment Strategy
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