Panama City Condo Sales Remain Stable
By joaniemiller | May 27, 2008
Panama City Real Estate Market Update for April 2008
According to the latest release by the Florida Association of REALTORS®, the Panama City Beach existing condominium sales remains stable at 41 closed transactions in April 2008, when compared to the 41 closed transactions in April 2007. Furthermore, prices increased 1%, closing out at an average of $295,000.
Panama City single-family homes sales decreased 15%, falling short 16 transactions. On a brighter note, prices only fell 2% when compared to April of last year. This is much better then the state average of about -24%.
Current Market Statistics for all of Florida:
Florida Existing Home Sales (month-to-previous-year): -24%
Florida Existing Home Median Price: $205,100
Florida Existing Condominium Sales (month-to-previous-year): -23%
Florida Existing Condominium Median Price: $176,300
Many have said that the northwest Florida real estate market seems to be doing a lot better than the rest of Florida, and the numbers clearly show that to be true.
See the numbers: Homes, Condominiums
Topics: Market Updates |
May 28th, 2008 at 8:42 am
Great news! Thanks.