Panama City Real Estate Blog

Panama City Real Estate Market Update - July 2009

While the numbers are not what they were last month, there is significant stabilization in the Panama City Real Estate market for July.

Condo sales were down slightly last month yet Single family home sales were up.

While condo prices dropped slightly, single family home prices remained relatively steady.

View the complete analysis and summary of the Panama City Real Estate Market for July.

How This Affects Panama City Home and Condos Sellers...

Panama City Beach Condo sellers who do not have to sell, will have a shorter wait time before placing their condos on the market.  We are still a few months away from condo prices increasing but we may see slight increases as we move into the

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The most complete Panama City Beach condos for sale information available has been updated with map images identifying the location of the specific condos.

While the maps are not interactive, they will provide a point of reference as to the location of the condo complex as well as an address.

This will make it easier for those not familiar with the Panama City Beach Florida area in locating specific condos ad their relation to other parts of Panama City Beach, Florida.

I've also added a few more condo complexes as I continue to grow the most comprehensive Panama City and Panama City Beach condo website available.

The new condo additions include:

  • Mariner East
  • Horizon South

I'll be adding a few more over the next few days as well

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At Panama City Real Estate, we value all our customers and visitors and endeavor to make each visit a welcoming and enjoyable experience.

In our continuing efforts to provide the finest, most complete real estate services and website available we realize we realize there may be additional website instructions needed for many of our first time and returning visitors.

For example: AOL visitors and customers who sign up for our various "opt in" services may not be receiving the requested information.

This is due to the AOL Mail process which prohibits so called "unsolicited" emails from reaching their customers.

I've created a new AOL Users Guide to help my AOL customers and visitors in getting the most out of the Panama City Florida Real Estate

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The local Residential Panama City Florida Real Estate Market statistics and summaries for June, 2009 are now available for your convenience.

For the most part, the market continues to hold steady with slight increases and decreases in expected areas:

  • An increase in expired listings shows agents continue to take overpriced listings that will not sell in today's market.  Sellers must be educated when pricing their homes for sale.  It remains a buyers market and homes must be priced accordingly.
  • Condo sales decreased slightly in part due to short sales and foreclosures as well as low appraisal values.  The time-to-close factor plays a significant role in actual sales.  In addition, smartly market priced condos continue to sell well.
  • Single
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Pier Park has announced the 2009 summer concert series, featuring the following artists:

  • De Lions of Jah – Raggae – June 4th
  • Eric Lindell – Blues/Rock – June 11th
  • Rollin in the Hay – New Grass – June 18th
  • Cyril Neville (of the Neville Brothers) – R&B/Rock – June 25th
  • The Lee Griffin Band – R&B/Rock – July 2nd
  • PBS – New Orleans Fund – July 9th
  • The Legendary JC’s – Soul/R&B – July 16th
  • King Cotton Blues Band – Blues – July 23rd
  • The Donnie Sundal Project – Variety – July 30th
  • Beachmice – Eclectic Acoustic – August 6th
  • Heat and the Zydeco Gents – Zydeco – August 13th

And don't forget the popular 4th of July celebration featuring music from:

  • The Pistols
  • The Springs
  • And headliner Mark Chestnut

The

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Now that the new site is live and there are so many new features, I've had my webmasters busy writing additional instructions on using the Advanced Features of the Panama City Real Estate website.

The first in the instruction series is "How to use the private Control Panel" and I'm sure you will find it of value.

Using these instructions you will learn:

  • How to register for the Advanced Features
  • How to send and recieve messages directly to our team real estate agents
  • How and why to complete your profile
  • How to save, retrieve and edit searches
  • How to add listings to your favorites

If you have any comments, questions or concerns feel free to contact me directly (850) 774-6582.

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St. Joe has entered into agreement with a The Haskell Company, America’s Green Design-Build Leader, and TranSystems Corporation, one of the world’s leading transportation planning and engineering firms, to masterplan JOE land adjacent to the new Panama City - Bay County International Airport.

Encompassing approximately 1,000 acres, the development is being positioned for office, retail and industrial users.

Read the full article here.

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Here is a new Florida Real Estate auction update for the Panama City Florida area.

1523 Dune Lake Trl 
Panama City Beach, FL  32413

Description
FORECLOSURE AUCTION. land. Near Lake Howell. Approx .36ac lot.

Details
HOA dues are $412 per quarter.

Directions
Head southeast on FL-30A/ Panama City Beach Pkwy/ US -98, make a U-turn, turn right at Wild Heron Way. At the traffic circle, take the 2nd exit and stay on Wild Heron Way, turn left at Pinfish Dr. Turn left at Sharks Tooth Trail and then left at Dune Lake Trail. 1523 Dune Lake Trail.

Open House
Please view this property at your convenience during daylight hours.

Nominal Opening Bid
$10,000

Note: A 5% Buyer’s Premium will apply for this property. Please see Terms of Sale for details.

Sells

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After many long weeks of development and testing, I'd like to welcome everyone to the new Panama City Real Estate website

I hope you all enjoy the new look and feel as we've spared no expense in bringing you the finest most complete Panama City Florida real estate website available.

Please feel free to contact me should experience any difficulties, or even to tell me your thoughts pro's and con's.

My team and I are here to assist you with all your real estate needs and we look forward to working with each of you.

Best wishes,

Jennifer Mackay

 

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