Panama City Florida Real Estate | Market Update

Posted by Jennifer Mackay on Wednesday, July 1st, 2009 at 8:34am.

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 family home sales continue to increase also due to the short sale and foreclosure market.
  • While the average single family home price decreased slightly.

If you are considering purchasing a home, condo or commercial property contact me directly.  The Panama City Real Estate team and I are here to help you make your next purchase as easy and stress free as possible.

Sellers, we have many buyers currently shopping for homes, condos and other property types.  Contact me today to have your property Sold (not listed) by the Panama City Real Estate Team.

Best wishes to all...

Jennifer Mackay
Contact me directly
Direct: 850-774-6582
Fax: 850-522-3967
The Panama City Real Estate Team

5 Responses to "Panama City Florida Real Estate | Market Update"

saurabh@short term rentals nyc wrote: its well explained. its great to know this .thanks for sharing

Posted on Sunday, July 12th, 2009 at 11:40am.

Cary NC Real Estate wrote: It's interesting to hear that your market has been holding relatively steady. Has it been that way throughout the past several months?

Posted on Thursday, July 23rd, 2009 at 12:46am.

Jennifer wrote: Saura and Cary,

Thanks for stopping by.

We've had our ups and downs specially with the condo market. While prices are significantly lower then most sellers hope, they are selling quite well which keeps our market steady.

Posted on Thursday, July 23rd, 2009 at 9:37pm.

Miami Beach Houses wrote: One of most informative real estate blogs. Hope to see more good things in next visit. Thank you for this

Posted on Monday, July 26th, 2010 at 6:43am.

Panama City Condos | Jennifer Mackay wrote: Welcome to the site Miami,

Thanks for the praise :)

Posted on Thursday, August 12th, 2010 at 1:46pm.

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