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Escambia Home Sales Up, Average Price Down
January 22, 2012
Home sales in the Escambia County area were up in 2011, but the average price fell.
There were 3,916 single family home sales in the Pensacola market — including all of Escambia County. That was up 12 percent over the 3,497 homes sold by the end of 2010. The average home price fell from $141,000 in 2010 to $134,600 in 2011, a decrease of 5 percent.
Condo sales increased by 40 percent, from 494 in 2010 to 691 in 2011. The average condo price was up, from $171,900 to $188,800.
Across Florida, home sales increased by 8 percent in 2011 from the year before, the third time in as many years that sales have grown as Florida continues to rebound from the housing crash that ground the state’s economy to a halt, according to statistics compiled by Florida Realtors.
“Our expectation is that recovery will continue through 2012,” said Florida Realtors’ chief economist John Tucillo. “The major obstacle in the market is the inadequate accessibility to financing. Prices are moderating, but we don’t expect too much movement owing to the continuing significance of distressed properties.”
The most expensive home currently listed for sale in the North Escambia area is a 5,500 square foot home on an 8.5 acre island in Century. The home, with a $2.5 million list price, is in the middle of a 63 acre private lake on Campbell Road. The detached 7,000 square foot garage has enough space for 13 parked cars and has a mother-in-law apartment above it.
Pictured: This home in Century is currently listed at $2.5 million. Courtesy photos for NorthEscambia.com, click to enlarge.
Comments
18 Responses to “Escambia Home Sales Up, Average Price Down”
Hey Homefry, ever been in the house? then you don’t know what you are talking about do you?
Curb appeal is lacking from photo the house needs a new roof and bleaching down the exterior. Landscaping needs some attention as well. And so if the outside starts this way you know the inside could use many upgrades for the homes age. Not to say it’s not a nice home but you need a lot of updating and upgrades for the asking price. Really don’t think with all that being said that it would ever sell given the location for that kind of money.!!!!!! Just my opinion.
Sounds like some of you are very jealous! I have been in this home and it is beautiful and needs no updating, certainly not an 80’s kitchen. Very tastfully done and a wonderful setting. Obviously some of you do not know value.
oh yea what does you kitchen look like.. the house is in the right price range! what buisness is it of yours what it sales for. i LOVE THE KITCHEN.
Wow….I was born in Century and never knew there was an island located there, it must be secluded…lol!
Actually, temp maid, if you go on pensacola mls .com there are plenty of 4 to 5 thousand square ft homes on more acreage in the northend district that are priced in 2 to 3 hundred thousand dollar range. Very affordable and in alot better location than skeeter flats. I too love the home but I think that the seller is way out of line in his asking price. I do wish him luck in this economy in selling his home though.
Cleaned this house once, I was helpling a friend to do some summer cleaning,This house is very beautiful, no 1980’s nothing, Mrs. Campbell is a very sweet lady and has a syle of her own, would love to have this home anyday, but like most of you can’t afford it!!!!
This is a beautiful home… consider the location…Century… The price will never fly in that location. Especially with almost daily noted police presence. On a good day they might get $500,000 thats if they sell to someone that has no idea about what Century is all about. Sorry Century but your standards as a fine community are at the bottom of the list.
No its not in a swamp and it has been there since 1987 and has never flooded! Its a beautiful home and full of beautiful memories I don’t know where you get the 80.S kitchen oh yeah you’ve never been there, to bad. I love it!!!
1982 called…..It wants its kitchen back.
This place and land are in the worst place ever, in the swamp , in a bad area and a flood zone . They will never get that amount of money for it
American you want that kitchen. Why would you want to spend 2.5M on a house that has a kitchen that is in dire need of updating. That looks like a kitchen out of the 70s.
Must be money in sand and gravel. “Island in Century” means it’s in the middle of a swamp. No thanks.
2.5 million for a house in skeeter flats? Boy how times have changed. Good luck with that.
I’m sorry, the whole town of Century isn’t worth 2.5 million!
The house might need a little updating…but my bank account needs it more…
looks like 1000 down…1000 a month…for 1000 years would do it for me !!
SOLD !
looks like it needs a lot of updates for that price
I want that kitchen! The home is beautiful! Hope this means the economy is in a state of recovery!