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 10/19/2008: 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 $80 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 10/19/2008)
Pensacola median sales price $150,000 ... 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.

Florida Sales Report - 3rd Quarter 2008

                        Single-Family, Existing Homes



Statewide &            Realtor Sales           Median Sales Price

     Metropolitan

     Statistical     3rd Qrtr. 3rd Qrtr.   %   3rd Qrtr.   3rd Qrtr.   %

     Areas (MSAs)      2008      2007     Chge   2008       2007      Chge



STATEWIDE* (1)    33,203    31,558     5   $185,400    $233,200   -20

    Daytona Beach      1,704     1,649     3   $164,900    $199,700   -17

    Fort Lauderdale    1,796     1,498    20   $277,900    $364,400   -24

    Fort Myers-Cape

     Cora             l2,198     1,273    73   $147,800    $243,800   -39

    Fort Pierce-Port

     St. Lucie         1,128       916    23   $150,600    $218,300   -31

    Fort Walton Beach    634       630     1   $204,700    $224,300    -9

    Gainesville          487       724   -33   $184,400    $207,300   -11

    Jacksonville (2)   2,579     3,018   -15   $180,400    $194,700    -7

    Lakeland-Winter

     Haven               801       790     1   $137,700    $170,400   -19

    Melbourne-

     Titusville-Palm

     Bay               1,402   1,192      18   $150,500    $196,500   -23

    Miami              1,271     1,250     2   $287,300    $380,400   -24

    Marco Island (3)      83        77     8   $446,400    $519,800   -14

    Ocala                557       621   -10   $135,200    $161,100   -16

    Orlando            4,689     4,005    17   $198,200    $247,700   -20

    Panama City          296       388   -24   $192,300    $202,300    -5

    Pensacola            876     1,151   -24   $150,000    $168,800   -10

    Sarasota-Bradenton 1,758     2,084   -16   $217,500    $283,800   -23

    Tallahassee          530       670   -21   $194,600    $212,900    -9

    Tampa-St.

     Petersburg

     -Clearwater       6,502     5,913    10   $169,700    $210,700   -19

    West Palm Beach-

     Boca Raton        1,797     1,644     9   $300,200    $365,400   -18



(1) * Statewide figure includes data from the Naples Area Board of

          Realtors.



(2) Data from the St. Augustine & St. Johns County Board of Realtors for

        July was not available.



(3) Data is only from the Marco Island Association of Realtors.



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 Bergstrom

    Center for Real Estate Studies.



Florida Sales Report - 3rd Quarter 2008

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 10/19/2008: We still have the best priced waterfront homes persqft in all of Florida. As of today there were 202 homes on the market for less than $80 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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