Wednesday, May 28, 2014

Low inventory haunts Pensacola Rental Market

Lower than normal inventory haunts Pensacola
It's harder than usual to secure a nice rental home in Escambia & Santa Rosa County.

We always have an influx in availability when it comes to Rental Homes in the Pensacola, FL area during the summer months.  Homes rent for more money, have lower vacancy rates, and experience lower days on the market during summer months due mainly to supply and demand.

There are two main reasons for this in the Pensacola, FL real estate market:
  • Peak Military PCS (Permanent Change of Station) orders come in during this time
  • Schools & Universities are out are on summer break so many families find this an easy time to make a move
Schools let out next week for Escambia and Santa Rosa County.  As we enter summer and peak PCS season, we are feeling the effects of the rental housing shortage.  Combine these factors with the recent Pensacola Floods, and it's easy to see why it is so difficult to find a nice, clean rental available for move in immediately. 

There are only 290 rental homes available in Escambia County as of today's date per Pensacola MLS (Multiple listing service).  This number includes 1-5 bedrooms in condos, townhomes, and single family homes throughout the county.  As you can see, some zip codes have fewer than 5 rentals available!
Homes in Pensacola, FL Property Management
Breaking down these numbers further, we see that there are few options for nice homes- especially if you have a "dream home" in mind.  Now might be a good time to consider purchasing as there are 10 times as many homes for sale in Pensacola as there are homes for rent.

What can you do to have a competitive advantage?
Follow these tips and you should have a competitive advantage!  Of course, call us at Realty Masters (850) 473 3983 if you are looking to rent in Pensacola or are in need of a Pensacola property manager. 

Thanks and have a great day,
Nicole St. Aubin, Broker Associate
Realty Masters of FL  ~ #1 in Pensacola Rental homes! 
4400 Bayou Blvd. #58B, Pensacola, FL 32503
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