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May 2019 Market Update
After a 10% increase in 2018, we are up 3% so far this year. Sales volume is down 40% compared to the same period last year. Preconstruction owners made up much of our inventory supply for years. This supply is quickly diminishing and returning us to sustainable sales volumes. Strict lending standards are keeping our condo market free from outside influences.
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Answers to Common Questions
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November 2018 Market Update
With only two months remaining in 2018 condo sales prices are up 10% year to date. Sales volume is up 12% compared to the same period last year. Fourth quarter sales volume is going to be significantly impacted by Hurricane Michael.
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Condo Remodel Before and After
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.
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.
What Expenses Come With a Condo
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.
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