PC Beach Real Estate Market Sees Northern Influence

By
Real Estate Agent with Scott Ingraham Real Estate Group

 

The Panama City Beach market has changed!   We're seeing more and more buyers traveling from further away to purchase condos and 2nd homes.

 Folks from Georgia, Alabama, Mississippi and Tennessee have long called this area "home-sweet-away-from-home".   Now we're seeing visitors from the Great White North and all along the Eastern Seaboard make the long trek to the World's Most Beautiful Beaches.  And who could blame them?  The prices are still fantastically low and there is plenty of inventory. 

News of the new Panama City-Bay County International Airport may have already made an impact.   Because of the size and location of the new airport, and the potentially cheaper ticket prices, many of our friends from the North are seeing the value in owning property in the Panama City Beach area.  No more 12-24 hour drives; our frosty friends will be able to hop on a plane and smell the salt air in just a few hours.     Airport officials say the runway has been poured and grooved and the terminal is 30% complete with a projected date of opening for business in May 2010.  It looks like many northern investors know this airport is worth waiting for!

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