Panama City Florida Area Index

Panama City Real Estate

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Panama City Real Estate | Office Location Panama City Real Estate
Keller Williams Success Realty
309 Richard Jackson Blvd., Suite 200
Panama City Beach, Florida 32407
Phone: (850) 774-6582
Fax: (850) 522-3967

Panama City Real Estate Market updates

There are currently 2 blog entries related to this category.

Panama City Real Estate Market update

Tuesday, September 7th, 2010 at 9:57am. 25 Views, 0 Comments.

The Panama City Real Estate market summary for August 2010 has been published for your convenience.

An interesting aspect of the market numbers is that if we were not faced with a recession/depression the numbers indicate we would be entering a sellers market.

Home sales were up from July, however the price of homes decreased significantly.

Condo sales decreased slightly as prices remained about the same as July.

Banks and lenders continue to foreclose at an alarming rate, shortsales and foreclosures are now the market norm and there is no end in sight.

On the bright side, Panama City homes and condos that are not in foreclosure or short sale status and are priced correctly are sold very quickly - usually in less than 30 days.

 

 

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Panama City Real Estate | Market update May

Monday, June 7th, 2010 at 7:15am. 304 Views, 6 Comments.

I've just posted a Panama City Real Estate market update for the month of May, 2010.  In addition my monthly Panama City Real Estate market report is available for download as well.

A few interesting things to note regarding last months numbers:

Panama City Condo sales fell slightly as well as the average condo price.  However, non condo residential sales rose slightly following slight decreases in home prices.

This may not only be due to the new airport, but also the Oil Spill may have kept many who were considering purchasing homes or condos in  Panama City, Florida to wait until the crisis is over.

Jennifer Mackay
850-774-6582
Panama City Real Estate | Florida

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