Panama City Market Conditions Update For June 2009
By Joanie Miller | July 3, 2009
Here is your market update for June, 2009! New listings skyrocketed to 877 units in June, but I’m sure this is due to the number of people who re-listed since 605 units expired and 305 where withdrawn. The median home price for active listings were down 29% from June of last year coming in at $192,000.
The number of listings that went under contract were up when compared to the same time last year and from the previous month (May). The number of solds where about the same from this time last year, however, the number of solds were up from last month.
For all the details about active, pending and sold properties, visit our Market Statistics page.
Graph Legend: New listings (N), Active Listings (A), Contingent Listings (C), Pending Listings (P), Sold Listings (S), Office Exclusive Listing (E), Withdrawn Listing (W)
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Nows The Time To Consider Buying
By Norman Brown | July 3, 2009
The current market analysis tells us that now is the right time to buy a home. With interest rates at its all time low, and home prices declined by 1/3 to 1/2 in the last 3 years, yes — it’s time to consider purchasing that property you’ve been wanting. Interest rates are expected to increase in future months, making it more expensive to finance a home. Give me a call if you’d like to talk real estate.
–
Norman Brown
REALTOR®
(850) 376-0304
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5 Ways To Help You Sell Your Property
By Joanie Miller | July 3, 2009
While there are numerous ways to help your property appeal to buyers in today’s market, here are five simple tips to help sell your property.
- Cut your asking price – We’ve seen it many times, once the Seller drops the asking price to the “sweet spot,” multiple offers ensue.
- Update your landscaping – There’s a reason why there are so many “Landscape Your Home!” shows on television. Reason: buyers love landscaped properties — and just about anyone for that matter. Trimmed hedges, beautiful flower beds and a well manicured lawn are all pluses in the Buyer’s eyes.
- Talk to friends – Do you use Facebook? Great! So do we. But, it’s not about us — it’s about you. Posting your home for sale on your Facebook page opens your property up to multiple people. Remember, your friends might know someone looking to buy. Another option is by going to the Panama City MLS, click on “Search by MLS Number” and get the link to your MLS sheet. Email this to all your friends.
- Price your house strategically – Though you should always listen to the advice of your REALTOR®, you may may want to rethink that $309,000 asking price. Why? Because people typically search by the $100,000’s. So, if you’re property is $309,000, it will come up in the $300,000-$400,000 range. But, if you price it at $300,000 it will come up in both the $200,000-$300,000 and $300,000-$400,000 ranges.
- Be ready and offer inscentives – Be ready to move when the closing date is around the corner. Also, you may want to offer inscentives to Buyers such as closing cost assistance, a free home inspection, a free year of association fees, and many others.
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Huge Fire Behind Home Depot in Panama City Beach
By Troy Steuwer | July 2, 2009
This doesn’t look good. We just got a call from one of our customers on his way to our office and he told us about a massive fire blanketing Panama City Beach Parkway with smoke. He said it was located behind the Home Depot / Publix shopping centers. A few moments later, our Broker sent us these pictures from her home on North Lagoon Dr. She said the smoke is already above her home. I wonder what it could be?
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Government Gives Banks Short Sale Incentives
By Chad Miller | July 2, 2009
If you’ve been watching the news lately, the Government is now offering incentives for banks to complete short sales. The incentive: $1,500 for a successful transaction. This is a interesting video, so if you’ve thought about buying a short sale, have a look.
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Bay County International Airport: Air Traffic Control Tower (Picture)
By Troy Steuwer | July 2, 2009
Here is a first glimpse of the Air Traffic Control tower located on-site at the new Bay County International Airport. It’s very encouraging to see all these construction pictures and to see exactly how far it’s come along. It’s almost as if it was a dream. Heck, we’ve all been waiting for this to take place for almost 15 years. Anyway, enjoy!
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Price Reduction: Summer Towne #15 (Townhome)
By Joanie Miller | July 2, 2009
We’ve got another price reduction this week in the form of a beautiful townhome. #15 at the Summer Towne Cottages is a beautiful 2-bedroom with lasting appeal. The interior is tastefully decorated with brand new furniture, the exterior is bright and colorful (like the rest of the community), and now it has the best price in the entire neighborhood: $300,000! If you’ve been dreaming of a beautiful home [right across from the beach], this is one deal you can’t deny. And, being that the property is right next to Pier Park, the fun won’t ever stop — at least not for you! Call us today 888-612-6655!
Posted in : Listings | No Comments »
Investors: Two Mobiles Homes For The Price of One!
By Chad Miller | June 26, 2009
Lender Approved Short Sale! Looking for a great investment? Look no further. You are buying one property with two mobile homes on it! We aren’t joking when we say that. With the purchase of this listing, you get 6816 Sunrise Drive and 6814 Sunrise Drive! Best of all: the price! Both homes are single wides and one has a screened-in front porch, perfect for afternoon relaxation. If you want to live in one and rent the other, you can! Currently one is being rented for $575 per month and the other could be rented for $625-$650 according to the owner. All this can be yours for only $88,000 (for both)!
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Boardwalk Price Reductions!
By Joanie Miller | June 26, 2009
Attention condo buyers! Have you been on the fence about buying a condo? Well, we have something that may just make you jump off! We recently had a price reduction on two condos for sale in Boardwalk Beach Resort. These aren’t just any two 2-bedrooms either. These are Type C units, the large 2-bedrooms with 1,380 square feet.
MLS# Unit SqFt BR Bth Price
372563 1410 1,380 2 2/0 $349,000
394215 902 1,380 2 2/0 $349,000
395819 2202 1,380 2 2/0 $349,000
395119 1810 1,380 2 2/0 $375,000
390257 1610 1,380 2 2/0 $394,900
395063 1704 1,380 2 2/0 $410,000
391895 508 1,380 2 2/0 $425,000
395182 1004 1,380 2 2/0 $435,000
You can view both Boardwalk 1410 and Boardwalk 902 online.
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Picture: Bay County International Airport Terminal
By Chad Miller | June 22, 2009
Besides the other [awesome] pictures of the new Bay County International Airport, this one shows an exterior view of the terminal building. We’re less than one year from the grand opening, so stay tuned for more news and information as it comes our way.
Posted in : Bay County Airport | No Comments »
