Prices in Panama City Beach are back down below 2004 pricing! 2004 was the start of the sellers market here in Panama City. Savvy buyers are watching this trend and are buying homes! Sales are up from 2009, see Panama City Market Conditions for an overview of the number of sales in the single family home market.
Take a look at the chart below, it goes back to 2002 and reflects average listing prices in the blue bar and average sales price in the red bar for each year. As you can see, prices have come back down to under 2004 values.
What are you waiting for? Interest rates are LOW LOW LOW, the government is giving away money to first time and move-up home buyers, and homes are priced below the "bubble" prices!