4007 Riverside Drive
Panama City, Florida 32404
GREAT NEIGHBORHOOD! Purchased with a VA Loan. Call me today if you need to get your home SOLD!
Tuesday, December 24, 2013
JUST SOLD!!!!! 3 bedroom, 2.5 bath house. It sold for $246,000
4007 Riverside Drive
Panama City, Florida 32404
GREAT NEIGHBORHOOD! Purchased with a VA Loan. Call me today if you need to get your home SOLD!
Just Sold a 3 BR , 1.5 Bath Purchased with $0 money down!
8134 Campflowers Rd
Youngstown Fl 32466
This is a 3 bedroom, 1.5 bath
Move In Ready! Purchased with $0 money down. Call me today to get your house SOLD!
Monday, December 23, 2013
Thursday, December 19, 2013
Monthly Residential Market Report for Panama City and Beaches, Florida
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Monthly Residential Market Report
for Panama City Beach, Panama City and surrounding cities of Bay County
Please note that these numbers are based on residential
detached/attached single family homes and condos ONLY.
The number of sales decreased which is
typical during the holiday season. Still the average sale price was 12%
higher than last year and slightly higher than the average sale prices
in 2003 ($213,694). This increase has obviously caused many sellers who
were reluctant to list their home in the past to go a head and sell and
try to take advantage of the lower interest rates while they are still
extremely low.
Note: 6 months of inventory is
considered a neutral market. Above 6 months of inventory is a Buyers Market.
Below 6 months of inventory is a Sellers Market
Panama City and
Surrounding Cities seems to be on the same path as the beach however,
the average days on market and lower amount of inventory could be the
beginning of a slow and steady price increase. Especially with all the
military movement and related sales in East and Central Bay County. The
average sale price is also slightly higher than those in 2003 ($139,395)
but we still have not seen a big difference from last years sales
prices. If you know someone that has been considering buying a home in
Panama City, I would encourage them to go a head and take advantage of
the low rates and slow recovery of the Panama City market as we move in
to the first quarter of 2014.
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