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  • Panama City Beach condo sales review for 2013 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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  • 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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  • Panama City Beach real estate market update November 2013Market 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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  • Market update for September 2013

    When I am examining condo sales, I have been looking at all condos that were sold in Panama City Beach. These sales reliably paint an accurate picture of the overall market. However, the pattern did not hold true this month.

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Condominium loans in Panama City Beach

condo 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

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Understanding condominium budgets

Panama City Beach condo budgets and math

When buying a Panama City Beach Condo for sale it is important to understand the overall health of the condominium building you are buying into. Many times this situation occurs. A buyer will purchase a condo without fully understanding the financials of the condominium association. Some new owners find things in the associations they were not aware of while under contract. That's why it's important to understand the financial health of the Panama City Beach condominium you're buying.

Once you enter a contract to buy a condo, you're required to be provided a number of condominium documents which include the most recent end of the year financials. It's Florida law.

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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.