Panama City Real Estate | Market summary for January 2010
The latest Panama City real estate market summaries have been posted and available for download.
While sales and prices were slightly higher than last January, over all sales slipped slightly since last month.
This is however, expected as January sales are usually more sluggish than the rest of the year.
As we near the opening day of the new airport and begin to come into the height of the vacation season, we expect to see significant increases in sales and prices for all property types.
Panama City Florida real estate market update
This months Panama City Real Estate market update for November, 2009 has been uploaded and is available for your convenience.
Some interesting trends are occurring in the local market place which include:
- Increased absorption rate for both condos and single family homes
- Significant decrease in condo sales over previous months
- Slight decrease in single family home sale while average pricing decreased slightly
Here is a sample of the Condo Comparison Sales statistics:
As you can see, the condo market is still very active and sales are significantly higher than last year.
Panama City Real Estate market and mortgage updates
The latest Panama City Real Estate market update for September, 2009 has been uploaded and is available for your convenience. Some interesting trends are occurring in the local market place which include:
- Decreased absorption rate for both condos and single family homes
- Significant increase in condo sales over previous months
- Slight decrease in single family home sale yet average pricing increased slightly
In addition, the latest Panama City Florida mortgage market update has also been posted for your convenience.
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.
Florida Real Estate | State Sales Report – August 2009
Here is a recent report submitted by The Florida Association of Realtors (FAR) for August, 2009.
Some very interesting numbers…
Florida Sales Report – August 2009
Single-Family, Existing Homes
| Realtor Sales | Median Sales Price | |||||
| Statewide & Metropolitan Statistical Areas (MSAs) |
August 2009 |
August 2008 |
% Chge |
August 2009 |
August 2008 |
% Chge |
| STATEWIDE* (1) | 13,850 | 10,813 | 28 | $147,400 | $188,500 | -22 |
| STATEWIDE-YEAR-TO-DATE | 104,255 | 83,049 | 26 | $144,000 | $199,300 | -28 |
| Daytona Beach | 686 | 573 | 20 | $132,700 | $164,200 | -19 |
| Fort Lauderdale | 816 | 604 | 35 | $217,000 | $269,800 | -20 |
Florida real estate – Panama City Market Statistics | August 2009
The Florida Real Estate Market statistics and summaries for the Panama City area for August, 2009 are now available for your convenience and download.
The Panama City Florida real estate market continues to maintain itself with slight increases and decreases in expected areas:
- Condo sales increased over last month as short sales and foreclosures and low appraisal values continue to be a factor in the market. The time-to-close factor plays a significant role in actual sale closings. In addition, smartly market priced condos continue to sell well.
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