As my readers have come to expect, I pull no punches and tell it like it is.

It didn’t seem to matter that the Bay County area had little to no oil on the beach.  If anyone is in doubt as to whether the oil spill affected the Panama City real estate market, here is the proof…

Here then is the Panama City real estate market summary for July 2010 (it’s not good):

Panama City Beach condo sales decreased significantly while prices increased slightly a bit during July. Is it any wonder sales decreased?  We had an oil spill not far from us, and condo owners and real estate agents were trying to raise prices!

Prices on single family home prices continued their decline while sales volume dropped significantly.

We do however, continue to experience higher than normal volumes of visitors to the Panama City real estate website, as well as higher than normal rental inquiries.  This is a clear indication that buyers are still in the market, but they want the cheapest deal on the block!

Owners, put my technology to work for you.  If you are interested in selling your home or condo, contact me today (850) 774-6582 for a free no obligation Home value report.

Buyers, when you’re ready to purchase a Panama City Beach Gulf or Bay front condo for your vacation home, contact me directly (850) 774-6582 for the latest information and pricing on any of the Panama City Beach condos for sale.

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

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