Panama City Homes for sale - Market update

Here is some very good news from the Florida Associations of Realtors:

” ORLANDO, Fla. – May 13, 2008 – Florida Realtors reported positive signs in their local housing markets during first quarter 2008, noting a slower rate of expansion for inventory levels and an increase in pending home sales (based on contracts signed but not closed) in some areas.

In another positive note: Sales of existing condominiums improved from fourth quarter 2007 to first quarter 2008, according to the latest housing statistics from the Florida Association of Realtors (FAR). A total of 8,581 existing condos sold statewide in 1Q 2008, an 8.3 percent increase over 4Q 2007 when 7,923 units sold. ”

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Panama City Beach Real Estate - Market Summary

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.

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Panama City Real Estate - Market Summary for February

Panama City Beach Real Estate - Market Summary The figures are in and posted for the Panama City, Panama City Beach Residential Real Estate market.

The figures are looking good: there has been an increase from January of 24% in number of homes sold, as well as an increase in the average list price for active listings.

For your conveneince, you can download or view the February report, or research the historical market summaries for 2007 through 2008.

As always, I will continue to bring you up to date information on the Panama City, Panama City Beach Florida real estate market.

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Panama City Real Estate - Market Update

panama city real estate market

I’m please to bring you an additional Panama City Real Estate Market update.

Periodically, the FAR (Florida Associations of REALTORS® ) reports on the status of the Real Estate market statewide.

This latest update is as predicted, good news for Panama City, Florida…

With all the announcements lately for the Panama City, Florida area such as:

New store announcements for the Pier Park shopping complex
The go ahead word for the construction on the Panama City International Airport

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Panama City Real Estate - With rates this low, how can you afford to wait?

30 year mortgage rates are now at a 4 year low!

With rates this low, can you really afford to wait to invest in real estate or purchase a new home?

Mortgage rates are averaging 5.48 percent for the week ending 1/24/08, which is down from 5.69 percent of only a week ago.

Like I’ve been saying all along, the time to buy is now! Property prices are at a sustainable level, inventories are growing producing a buyers market.

Contact me today, and let’s find that investment property, first time home or vacation home you’ve been waiting to purchase.

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