December 15th, 2008 
Jennifer Mackay 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.
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Marina Landing a 87 unit, 16-story high-rise at the foot of the west end of the Hathaway Bridge is placing 25 units up for auction to the highest bidder!
One thing about blogging that I often must overcome is coming up with newsworthy and relative topics to not only the Real Estate industry, but also relative topics for the Panama City Florida real estate market and the area in general.
