Pensacola has an estimated population of 52,975 and serves as the county seat of Escambia County, Florida. It earned its nickname, The City of Five Flags, because of its rich history of having five different governments rule over it: the United States of America, the Confederate States of America, Spain, Great Britain, and France.
Compared to other major cities in Florida, Pensacola enjoys a more affordable housing market. As such, it is no wonder most of the residents here own their homes. Houses can range from $8.5K to $4.6M. But, the median listing price for homes in Pensacola is $219K, which equates to $122 per square foot. Pensacola is a buyer’s market, with more options for potential buyers. The most expensive neighborhood, Palafox Historic District, boasts a median listing price of $679K. Meanwhile, the most affordable neighborhood, Woodland Community, has a median listing price of $152.4K.
Whether you want to buy property in Pensacola for your own use or to use as a rental, you need expert help. A Pensacola real estate agent is more familiar with the area and the real estate market. Professional real estate companies also have the necessary resources that most people lack.
Similarly, selling your property requires the help of a Pensacola real estate agent. With a very hot and competitive real estate market, you need to make your property stand out from the rest. A professional can market your property better and use their excellent negotiating skills to get you the best possible deal.
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