Panama City Beach Real Estate - Market Summary

Posted on April 5, 2008
Filed Under Market Update |

I’m pleased to announce the Panama City Real Estate Market Summary for March, has been uploaded and posted for your convenience.

I’m seeing quite a bit of movement in our market, as buyer inquiries have increased and mortgages continue to hold steady below the 20 year averages.

The local condo investment market continues to climb as prices level out for water and gulf front units.

While single family home sales are lagging behind condo sales, there is quite a bit of activity in that market segment as well.

If you’ve been thinking of selling your home or property and have been waiting for the market to ‘come back’, wait no longer. The market never left and with the increase in buyer traffic lately, it’s time to put your property on the market.

Contact me for a current market analysis of your property and let’s get your property sold!

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Comments

2 Responses to “Panama City Beach Real Estate - Market Summary”

DrBoyce on April 19th, 2008 10:44 am

Good article - all very informative on Panama City sales. Real estate in 2008 will surely become a DISASTER with the loss of most mortgage loan financing and NO MORE $0 Down loans. A smart Realtor must maximize their opportunity to convert MORE prospects into buyers by offering to HELP them get their bad or damaged credit scores fixed. Please feel free to send all your agents to my genuine Credit Repair Program article at: http://www.jeffboyce.net/credit-repair-and-how-to-fix-bad-credit.html. I’d be glad to help you sell more homes, by getting your unqualified buyers a real nice 30 year fixed loan.
Jennifer Mackay on April 20th, 2008 6:40 am

Jeff,

Thanks for the comments and the link to your article.

While there may no longer be $0 down loans, I have to disagree with your ‘disaster’ theory for 2008.

We’re still experiencing a strong condo and investment market in Panama City Florida, and while the market overall is not what it has been it is far from a ‘disaster’.

I’m seeing many more ‘ready’ buyers then I have in months, and many of those are ‘pre-qualified’ and financially able to purchase today. This is important for the real estate market because the false sense of security the $0 down mortgage market gave buyers has removed those buyers from the market.

However, those buyers typically were buying real estate they probably could not afford in the first place. Whether due to their lack of understanding or lack of knowledge or guidance, most of those buyers were in over their heads.

With the many new traditional loan types now available as well as the many credit repair guidance systems now in place, it is still possible for first time home buyers to purchase their homes at reasonable prices and reasonable interest rates.

Best of luck,

Jennifer