Panama City Florida Area Index

Panama City Realty Group

If you have any questions or need more detailed information, please feel free to contact us via phone at 850.774.6582 or fill out the form to let us know how we can help with your Panama City real estate needs.

Panama City Real Estate | Office Location Panama City Realty Group
Keller Williams Success Realty
309 Richard Jackson Blvd., Suite 200
Panama City Beach, Florida 32407
Phone: (850) 774-6582

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Panama City Real Estate | Panama City Beach Real Estate

Panama City Real Estate and Jennifer Mackay in the News

The Panama City Real Estate team and I are often interviewed on various topics regarding the local residential and commercial real estate markets.

Here are just a few of our interviews and opinions featured in various publications:

Florida

Biggest home price increase projected in 2014: Panama City-Lynn Haven-Panama City Beach metro

Forecast 4-year price increase: 26.9 percent
Current median price: $158,669*
Prices to reach trough in: 2010 Q3
Median family income: $53,800
Population: 164,770

Home prices in the Panama City area fell about 27 percent after hitting a peak in 2006, according to the FHFA home price index. Jennifer Mackay, an agent at Keller Williams Success Realty in Panama City, says the market was stabilizing earlier this year, but the BP oil spill led some buyers to pull out and sent the rental market into a tailspin. Despite the area’s large number of foreclosures (1.93 percent in the first half, according to RealtyTrac), Mackay says the new Northwest Florida Beaches International Airport, which opened in May, should help stimulate local business. "I see our economy doing better than others over the course of the next year," she says. The area's unemployment rate reached 12.1 percent in January and dropped to 9.3 percent in June, according to BLS data.

Index used to calculate historical home price changes: FHFA

* Source: John Burns Real Estate Consulting, April 2010

 

Contact us or call us directly at (850) 774-6582 for more information about buying or selling Panama City and Panama City Beach residential or commercial real estate.

Panama City Real Estate

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Panama City Realty Group
Keller Williams Success Realty
309 Richard Jackson Blvd., Suite 200
Panama City Beach, Florida 32407
Direct: (850) 774-6582
Fax: (850) 522-3967

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