Market update for April 2014

During the first quarter of 2014, our sales volume was about 5% lower than it was during the first quarters of 2012 and 2013. We sold 164 gulf-front condominiums during January, February, and March of this year, 173 during the first quarter of 2013, and 173 during the first three months of 2012.

In March 2014, we sold 58 Panama City Beach condos. In March 2013, we sold 63 such units, which means that this year's March sales decreased 7.9%. One reason for the decline is that condo prices are going up; meanwhile, distressed sales are becoming less
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Dunes of Panama

2nd floor 2 bedroom condo $199,900

If you are looking for a two bedroom condo in Panama City Beach on a low floor, you may be interested in this condo in the E building of Dunes of Panama.
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2013 - Year in Review

At the end of 2012, my yearly review showed how condominium prices reached a low point between 2011 and the start of 2012. This bottom point was coupled with an increase in value by 20 to 30 percent during 2011 and 2012 for the most popular buildings. Now the overall market is recovering, but at a slower pace. For some buildings and floor plans, we have no inventory. Most of the available inventory has asking prices that are at least 10% higher than they were a year ago.
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Market update for November 2013

In my market update for September, I was expecting absorption to decline with the price increases we have been seeing. The last two months have shown no sign of that occurring. In 2013, there were 64 condos sold in September and 73 in October. In 2012, there were 57 condos sold in September and 47 in October. So far, 2013 has produced 23 more condo sales than there were during the same time period of 2012.
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condo remodel before and after

Long Beach condominium remodel

Buyers frequently purchase condos and engage in top-to-bottom remodels, but only rarely do you see a completed remodeling project that is truly impressive in scope and final results. Long Beach is one of the few condominiums in the area with a one-bedroom layout that has the master bedroom overlooking the waterfront instead of being buried at the back of the unit with no water views. The entire building has also recently undergone a complete restoration. This condo was purchased for $155,000 in January 2014, and the before and after photos shown here document the remarkable changes that have been made to this unit.

Condominium loans in Panama City Beach

As times change, so do condominium loans in Panama City Beach. The reason is because most buyers are people who purchase these properties as secondary residences or investment properties. The type of loans that banks grant for secondary residences are different from those offered for primary residences especially after the mortgage meltdown of 2008. Before the mortgage crisis, most lenders sold their condominium loans to Fannie Mae, Freddie Mac and any other bank or financial institution that was willing to take them on the secondary market.

What expenses come with a condo

Expences you see when buying a condo in Panama City Beach

People often have general questions when considering Panama City Beach condos for sale. A common question is; What expenses come with a condominium in Panama City Beach? Expenses that come with a condominium include taxes, insurance other utilities and association dues.

The dues charged by a condominium association can vary, but there are some universal fees that all condominiums in Panama City Beach charge. Condominium association fees include water, sewer and basic cable. Furthermore, some provide high-speed internet for homeowners. For most maintenance and insurance questions there is a general rule of thumb. The

Waterfront Panama City Beach Real Estate

Waterfront homes in Panama City Beach Florida can be more of an adventure than a search. We have simple easy to view listings in the Panama City Beach area that give you more of you are looking for and less of what you are not. We have separate and distinct searches for Panama City Beach houses, Bay Front homes, Panama City Lake Front homes, and Panama City Gulf front homes in the area. We also have Panama City waterfront real estate lot searches that will be very helpful. This should help you in your search for Panama City Beach Real Estate.

Panama City Beach condos for sale

Looking for condos for sale in Panama City Beach can be a daunting task. We can help you in a number of ways. Our website provides a host of information including listings, floor plans, pictures, and more. We also have agents that are true experts in condominiums. With a little information, they can give suggestions on which buildings may best suit you.

Market update for April 2014

Dunes of Panama

2nd floor 2 bedroom condo $199,900

2013 - Year in Review