Tagged : Market Summary

Found 3 blog entries tagged as "Market Summary".

Panama City Realty Group

This is a market report for Condos, Townhomes and homes for sale in Panama City and the surrounding areas in Bay County of Florida. Real estate market data and analysis is provided by The Panama City Realty Group.

Average sale price for a condo was $223,390 where the average price for a home was $193,648! The inventory supply of condos remains steady at 8.6 months and the supply for homes remains at 7.1 months!

This means we remain in a mixed market for both buyers and sellers, with plenty of inventory available!

Excluded are Mobile and Manufactured homes.

 

 Condos and Towmhomes Single Family Homes
Panama City Real Estate market summary

Panama City Real Estate Condo Market Summary 

If you're interested in purchasing or selling a condo or home in Panama City or Panama City Beach

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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 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
2,210 Views, 5 Comments