real estate: Panama City Beach Condominium market down 22%.
- 04/04/09 07:31 AM
The median price for condominiums sold in Panama City Beach so far in 2009 is down 22% from last years numbers. It appears that bank foreclosures are driving prices down at an alarming rate. A Boardwalk Beach Resort, 2 bedroom, 2 bath with 1152 S.F. was going for $375,000 12 months ago and now the same floorplan is on market for $277,000. (Countrywide foreclosure) I have created a median price history that can be viewed at www.northwest-FL.com. The numbers are directly from the Bay County MLS. For more information on Panama City Beach Real Estate visit my website at www.chadmiller.com. … (1 comments)
real estate: The Real Estate market in Panama City Beach is starting to show positive signs.
- 07/14/07 06:09 AM
The condominium inventory is starting to shrink as people take their units off the market. In July of 2006, the number of condos on the market was 3021. That number has dropped almost every month sense. As of June of 2007 the total number was 2125. The lower priced units are selling and overprices units are expiring. The market is correcting its self. … (2 comments)
The median price for condominiums sold in Panama City Beach so far in 2009 is down 22% from last years numbers. It appears that bank foreclosures are driving prices down at an alarming rate. A Boardwalk Beach Resort, 2 bedroom, 2 bath with 1152 S.F. was going for $375,000 12 months ago and now the same floorplan is on market for $277,000. (Countrywide foreclosure) I have created a median price history that can be viewed at www.northwest-FL.com. The numbers are directly from the Bay County MLS. For more information on Panama City Beach Real Estate visit my website at www.chadmiller.com.
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