Panama City Beach Foreclosure Watch
By Chad Miller | March 4, 2010
Here is your latest numbers on Lis Pendens in each of the Panama City Beach condos.
| Condo | Count of Subdivision/Location |
| AQUA CONDO | 4 |
| AQUA VISTA CONDOMINIUM | 2 |
| BAHAMA BEACH VILLAS CONDO | 3 |
| BAY POINT GOLF VILLAS CONDO | 3 |
| BAY POINT HARBOUR VILLAS CONDO | 2 |
| BAY POINT RESIDENCES CONDO | 1 |
| BAY POINT STUDIO VILLAS 2 & 3 | 6 |
| BAYOU POINTE VILLAS CONDO | 1 |
| BAYTOWN CONDOMINIUM | 2 |
| BEACH PLACE CONDO | 1 |
| BEACHVIEW VILLAS | 6 |
| BEACHWALK CONDOMINIUM | 1 |
| BEL AIR BEACH CONDO | 1 |
| BOARDWALK CENTRAL CONDOMINIUM | 17 |
| BONITA POINT CONDO | 4 |
| CABANA CAY CONDO | 7 |
| CALYPSO TOWERS I | 11 |
| CALYPSO TOWERS II | 11
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Panama City Beach Named Top 5 Bargain Destinations By USA Today
By admin | February 19, 2010
It wasn’t to long ago that our area was named one of the Top 10 Destinations of 2010. It was very nice to know we’re a sought after area, but it’s this weeks news that makes a statement in today’s economy.
In a recent article from USA Today, five destinations around the world were chosen as great places to visit on a budget. Among the “bargain destinations” were Jamaica, Toronto, Hawaii and Gatlinburg. Who was the fifth? I’ll let you guess:
Though it hasn’t moved an inch, Panama City Beach is about to seem a whole lot closer to most travelers. This spring, the Florida panhandle beach city will welcome not just a brand-new airport but service from low-cost giant Southwest.
The Northwest Florida Beaches International Airport is gearing up to open in May, and Southwest has announced daily service between Panama City Beach and Baltimore/Washington, Houston, Nashville, and Orlando starting May 23. Airfares start at $49 each way from Orlando, and $69 each way from the other cities. Delta will connect Panama City with Atlanta and Memphis.
Already known as an affordable beach destination, the major boost in accessibility will put this bargain vacation city within reach of more people. When you’re comparing prices on accommodations, be sure to check vacation rentals in addition to traditional hotel and resort options. Look for free nights, spring specials, and other sales on lodging by entering your vacation date on the Panama City Beach tourism website.
Posted in : General | 1 Comment »
The Truth About Recent Real Estate Sales Numbers
By Chad Miller | February 15, 2010
Over the past 90 days or so I have seen numerous news sources report that real estate sales are up. In fact, I saw one today reported by the Florida Association of Realtors. The article reported
“Feb. 11, 2010 – Sales of existing single-family homes in Florida rose 44 percent in fourth quarter 2009 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors®. A total of 43,926 existing homes sold statewide in 4Q 2009; during the same period the year before, a total of 30,610 existing homes sold. It marks the sixth consecutive quarter that Florida has seen higher existing year-to-year home sales, according to the state association.”
This information can be misinterpreted. It may be encouraging that existing home sales are up but the increase in sales come from foreclosures and short sales which are driving prices down.
After reading the Florida Association of Realtors article, I pulled the numbers from the Panama City MLS to see how many foreclosures and short sales sold in 2008 and 2009. We had 296 foreclosures and short sales in 2008 and 1119 foreclosures and short sales in 2009. This is discouraging news when it comes to prices because lenders list foreclosures at or below today’s market value and if the property is not under contract in the first 30 days the price is reduced on average 5 percent. This process is driving our average sales price down. In fact, the average sales price in Bay County dropped 14 percent from $220,829.33 in 2008 to $190,611 in 2009.
You may be asking yourself, why would a real estate agent report this. It’s simple, sellers need to know. Sellers need to know real numbers and have real information to make smart decisions. In today’s market you aren’t competing against Mr. and Mrs. Jones from down the street, you’re competing against large banks and desperate developers and distressed sellers. The only thing selling in today’s market is price. Don’t be misled.
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Southwest Airlines’ Service Starts May 23rd, 2010
By Jeff Shouppe | February 15, 2010
Southwest Airlines will begin non-stop service from the brand new Panama City Beach airport on May 23, 2010. The flights will take you straight to Houston, Nashville, Orlando, and Baltimore. You will be able to connect through these four cities to over sixty more cities in the United States.
These flights will offer the residents of Northwest Florida the opportunity to experience many attractions such as the Grand Ole Opry, in Nashville, Tennessee with just a hour flight away! Residents can experience the thrill of Niagara Falls, in Buffalo, New York, with a quick connection in Baltimore to Buffalo. One of my favorites is the San Diego Zoo which can easily be seen with one connection from Panama City through Houston.
For all of you folks coming from all over the country to check out the beautiful beaches of Panama City, we also have many attractions waiting for you!
Posted in : Bay County Airport | No Comments »
Open House This Weekend: Nautilus Cove Foreclosure
By Tina Bass | February 12, 2010
With the price reduction in full swing, we thought it was time to have a little open house to let all of you come take a look at this fantastic deal. We’re talking about Nautilus Cove #606. This 3 bedroom, 2 bathroom condo sits on the north side of Highway 98 right down the street from Pier Park.
The open house will be tomorrow, Saturday February 13th, from 11:00am to 2:00pm. Come see a beautiful foreclosure for only $89,100!
For more information or directions, please call me at 850-691-9822.
Tina Bass
REALTOR(r)
Posted in : Open House | 1 Comment »
Price Reduction: Nautilus Cove Foreclosure!
By Chad Miller | February 9, 2010
We just had a 5% price decrease (now $89,100!!!) on our Nautilus Cove foreclosure. This is a beautiful 3 bedroom, 2 bathroom, 1200 square foot condo in the west-end of Panama City Beach! For more information and pictures on this great unit, click here!
Posted in : Listings | 1 Comment »
Look At The Stain On Our Lobby Carpet
By Troy Steuwer | February 8, 2010
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Just kidding! That’s Sasha, the “other” office mascot besides Lucy. As you can tell, we’re huge dog lovers!
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Testimonial From The Griffiths
By Troy Steuwer | February 5, 2010
Sharon Williams, one of our Buyer specialists, received a wonderful little letter from some customers who recently bought a home from her in Wild Heron. Have a look!
Dear Sharon,
Trevor and I want to thank you once again for helping us find our Florida “dream house.”
One word best describes you.. “professional.” You were very accommodating to our schedule and all of our requests, concerns and questions were handled immediately. We truly felt you had our best interests in mind.
We will definetly call you for any future real estate matters.
Miller & Associates Realty should be proud that you are part of their staff.
Trevor and Charlene Griffiths
Thanks Trevor and Charlene. We sure are proud to have Sharon on our team!
Posted in : General | No Comments »
Watch: The Most Beautiful Sunset In Panama City Beach
By admin | February 3, 2010
Need to be reminded why you’re buying Panama City real estate? Have a look at this nice little video Chad Miller made while at the beach the other day. It really encompasses everything Panama City Beach is about. Relaxing, the beach, and a little fun along the way. By the way, check out the cute kiss at the very end!
Posted in : Attractions | No Comments »
Treasury Looking To Assist Short Sale Process
By Joanie Miller | February 3, 2010
While we’re not entirely sure if this is true (we’re still researching), some lovely news has popped up on AJCHomeFinder.com that states that the Treasure is trying to assist the short sale process.
We at Miller & Associates Realty know to well how short sales work. You take your buyer to look at a home, they fall in love with it. They make an offer, you wait; wait, and wait some more. Finally it gets approved but the property has now been sitting so long that mold has began to grow inside and prices have fallen since the initial offer that the home now wont appraise. This is exactly the cenario many of our agents have gone through.
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