Panama City Beach Real Estate | Origins | Real Estate Auction…
Going, Going, Gone….
Well it was quite an auction!
Condos which previously sold for more than $500,000 were selling around $200,000! Now that’s quite a deal.
The deal of the day thought, IMO was an effeciency which I believe went for $50,000!
Three-bedroom condo units sold for about $270,000 and 2 bedrooms were selling around $200,000.
Granted, Origins is not gulf front but it is directly across the street which lovely gulf views. Whether this trend will continue is anyones guess at the moment.
However, the real estate auction opportunities are obviously alive and well in Panama City Beach Florida.
Panama City Real Estate | Another site update!
Many of my visitors use my Panama City Real Estate Market Summary reports for various reasons.
Recently, a long time investor customer had requested a brief overview of the current conditions which I provided.
After producing the synopsis I realized many potential investors, buyers and sellers may also want a simple, easy to understand summary of the current local market conditions.
With that in mind, I am pleased to announce another new features on the Panama City Real Estate Market Summary reports page: A current market summary ‘at a galance’ feature in easy to read and understand
terms for everyone.
Panama City Beach Condos for sale… Going, Going, Gone…
Well the Ocean Reef Auction has ended and perhaps not so much with a bang, but a slight sigh.
Condos were sold ranging in price from:
4 bedrooms – $ $305,00 (+10% buyers premium) – $380,000
The magic sale occurred for the 2 bedroom units which went for $205,000 (+10% buyers premium). This price point is pretty much where I thought they might sell. But, you never know.
If you are interested in Panama City Beach Real Estate Auctions, please contact me directly (850) 774-6582 and I’ll keep you informed of all the upcoming auctions.
Panama City Real Estate – Updated Condo information
It’s been awhile since I’ve added any new Condo developments.
As construction continues on some of the complexes and resorts, I’ll continue to update you all on the progress and completions of these resorts and complexes.
Prices have significantly adjusted on many of the condo units currently for sale.
If you’re in the market for a Panama City Condo for sale, either on the gulf or bay, contact me (850) 774-6582 and let me make your condo investment purchase stress free and easy.
Remember Panama City – When you’re here… You’re home!
Panama City Beach Real Estate – Ocean Reef Auction
For all my auction customers as well as my new customers, here’s another opportunity to bid on Florida Gulf front condos at an absolute auction.
On October 18th, the developers of Ocean Reef will be offering 31 units for bid at an absolute auction.
Contact me today, if you’d like to bid on any of these units and I’ll forward the paperwork to you promptly.
If you are unsure at to how Florida Real Estate auctions work, I’ve written an article for your convenience: How to buy or sell property at a real estate auction
keep looking »
Daily real estate news- Home Builder Sentiment Slips
- BoA Reports Rising Loan Modifications
- Analysts Say Rates Should Remain Low
- ERA Looking to Make a Community Connection
- Housing Market Still Healthy in Canada
- New Housing Starts and Permits Decline
- Builders Say Business Is on the Upswing
- Mortgage Fraud Declines
- Housing Experts Say Real Estate is Recovering
- Is Now a Good Time to Buy?
- Real Estate industry Watch
- NAR Encourages Slow approach to FHA changesThe National Association of Realtors® urged Congress and the administration to move cautiously before making changes to the Federal Housing Administration program that has served the needs of millions of American families for more than 75 years without needing a federal appropriation. FHA remains financially strong because it has taken steps to ensure solid […]
- NAR and Docusign announce new platformThe National Association of Realtors® announced today the release of the DocuSign REALTOR® Edition, an exclusive online eSignature service designed specifically for Realtors®. NAR and DocuSign formed a business alliance late last year through the REALTOR Benefits® Program. According to NAR, REALTORS will receive a 20 percent savings on DocuSign Basic and Doc […]
- RE/MAX Utilizes Roku IPTV to Replace Satellite NetworkRE/MAX recently rolled out RE/MAX University’s new training platform. It utilizes IPTV (Internet based TV) as opposed to Satellite as a delivery vehicle. This move is expected to accomplish two major objectives: 1) By moving to an IP based system, affilliates can access training on demand via their TV. This is a simple to use platform [...] […]
- HomeGain completes survey on Agent marketing preferencesHomeGain recently published their survey of the Top Ten Marketing Strategies for Real Estate Agents. This survey was conducted December 2009 through February 2010 and measured what marketing channels agents are currently using in marketing and what they intend to use in 2010. This provided some interesting results. “While Realtors are increasingly moving the […]
- Tax Credit Coming to an End?The First Time Home Buyer Tax Credit of 2009 was given new life late last year. President Obama extended the original credit end date until April 30th for purchases and buyers under contract before then have until the end of June to close escrow and claim the credit. The credit has been a success to [...] […]
- NAR Encourages Slow approach to FHA changes
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