Panama City Florida Real Estate | Market Update
Posted by Jennifer Mackay on Wednesday, July 1st, 2009 at 8:34am.The local Residential Panama City Florida Real Estate Market statistics and summaries for June, 2009 are now available for your convenience.
For the most part, the market continues to hold steady with slight increases and decreases in expected areas:
- An increase in expired listings shows agents continue to take overpriced listings that will not sell in today's market. Sellers must be educated when pricing their homes for sale. It remains a buyers market and homes must be priced accordingly.
- Condo sales decreased slightly in part due to short sales and foreclosures as well as low appraisal values. The time-to-close factor plays a significant role in actual sales. In addition, smartly market priced condos continue to sell well.
- Single family home sales continue to increase also due to the short sale and foreclosure market.
- While the average single family home price decreased slightly.
If you are considering purchasing a home, condo or commercial property contact me directly. The Panama City Real Estate team and I are here to help you make your next purchase as easy and stress free as possible.
Sellers, we have many buyers currently shopping for homes, condos and other property types. Contact me today to have your property Sold (not listed) by the Panama City Real Estate Team.
Best wishes to all...
Jennifer Mackay
Contact me directly
Direct: 850-774-6582
Fax: 850-522-3967
The Panama City Real Estate Team
Related Links
Blog Tags
5 Responses to "Panama City Florida Real Estate | Market Update"
It's interesting to hear that your market has been holding relatively steady. Has it been that way throughout the past several months?
Posted on Thursday, July 23rd, 2009 at 12:46 AM.
Saura and Cary,
Thanks for stopping by.
We've had our ups and downs specially with the condo market. While prices are significantly lower then most sellers hope, they are selling quite well which keeps our market steady.
Posted on Thursday, July 23rd, 2009 at 9:37 PM.
One of most informative real estate blogs. Hope to see more good things in next visit. Thank you for this
Posted on Monday, July 26th, 2010 at 6:43 AM.
Welcome to the site Miami,
Thanks for the praise :)
Posted on Thursday, August 12th, 2010 at 1:46 PM.
Leave a Comment
My Account
Log in, to view your saved searches and add to your favorite listings.
... So You Can:
- View detailed property information
- Print detailed property flyers
- Save your searches & favorite homes
- Inquire about a private showing
- Map individual property locations
- Share your favorite homes with friends


Print
Share
its well explained. its great to know this .thanks for sharing
Posted on Sunday, July 12th, 2009 at 11:40 AM.