Market Updates | Panama City FL Real Estate & Panama City Beach FL Real Estate

Vacation Home Sales

Recent numbers seem to point to a recovery for real estate as a whole and a portion of the market familiar to us here on the coast is leading the way: Vacation Homes. A sales increase of over ten percent means that vacation homes accounted for around eleven percent of...

Real Recovery?

For the last few months, much has been written in this blog and around the country about the apparent recovery of the real estate market. On the surface, all the signs seem positive. Home prices are up by over eight percent relative to this time last year and sales...

PCB Condo Market 2013 v 2012

If economists and government agencies are to be believed, the real estate market as a whole has been slowly but steadily improving to the point where, in 2013, it is expected to be one of the strongest sectors. As far as Bay County goes, in terms of condominiums, the numbers for January seem...

Real Estate and “The Cliff”

The term “fiscal cliff” has been on everyone’s tongue since the election and those of us in real estate are no exception. Certainly the effects of tax, spending, and employment related changes could be damaging to the slowly recovering market. In particular, those who are looking to sell high...

Chinese Real Estate Investment

Turns out the American Dream isn’t just for Americans anymore. Riding the strength of an increasingly powerful yuan, which has risen in value by over 8% in the last couple of years, the Chinese are now second only to Canadians in terms of foreign investment in U.S. real estate....

October Real Estate Statistics

Click on Chart for Larger View As we enter the holiday season, a time during which the real estate market traditionally slows for a couple of months, it is time once again to take a look at where our industry stands compared to this time last year. As a...

Panama City Beach Real Estate Recovery

Statistics comparing condo sales in Panama City Beach today to this same time last year paint the picture of Real Estate’s recovery. The average list price for a condo has risen from $179, 372 to over $213,000. More importantly, the average sale price is up from $166,000 to over $204,000 as Days on Market...

Northeast Florida Real Estate Market

Good news or more of the same? On Thursday, the Northeast Florida Association of Realtors issued a statistical summary of the market and, taken alone, the numbers seem to indicate that the market is, in fact, recovering. The total number of sales is up and the median sale price has risen 5% from...

Good News from the Fed

“Exceeding Expectations!”, “Snapped up!”. “Multiple offers!” Eight times a year, the Federal Reserve publishes the “Summary of Commentary on Current Economic Conditions” – more commonly known as “The Beige Book” (due to the color of the Fed’s internal copies). Officially...

Statistics for May

May was a positive month for sales as the real estate market continues its slow recovery. The average sale price compared to last month was up over 3% for residences and a huge 172% for land. The market as a whole saw a 29% spike in sold volume and a 27% increase...

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