Investor Units in Panama City Beach, FL

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Real Estate Agent with Berkshire Hathaway HomeServices | Pen Fed Realty 3107554

I work with a lot of investors who love to buy multi-units or attached type styled properties.  This morning I was curious as to what was going on with all of the inventory in Panama City Beach, FL concerning this type of property.  I found out that the favorite price point of under $100,000 is shrinking quickly.  There are currently only 17 listings in this category.  There have been 6 sales in the last month.  At this rate we will run out of inventory completely in just 12.3 weeks.

It has been for a long time a buyer's market, but I see the signs on the wall and the shift to a seller's market about to appear. 

This is all based on the "unknown" of what the banks are holding, if anything and when if anything the next round of foreclosures may hit the market.  For now though things are steady as they go.

If you are interested in receiving listings or more information, I can be reached at Kelly@KellyKleinSoldMine.com or 850-420-2480

Kelly Klein, Lifeguard Real Estate, Inc. 

Buyer's Representative specializing in assisting buyers with smart purchases that make sense.

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Topic:
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Tags:
condos
foreclosures
inventory
attached
multi
panama city beach
townhomes
000
under 100
kelly klein
lifeguard real estate

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Rainmaker
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Betina Foreman
WJK Realty - Austin, TX
Realtor, C.N.E., with WJK REALTY

Dear Kelly,

I love the new card! It really sets you apart from the crowd. This was also a very informative post as usual! Keep up the great job!!

Cheers,

Betina

Jul 13, 2011 05:35 AM #1
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Rainmaker
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Kelly Klein

"Doing Great Things Today to Improve Tomorrow"
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