I just looked at how many Gulf Front condos are for sale today in Panama City Beach, FL.
I found out that there are 708 of them. In the month of February there were 67 sales completed for the month.
I figured how many weeks of inventory we still have on the market and although the number is large at 45 weeks of inventory, it is a whole lot less than last year at this time.
My guess is that all of the fence sitters better get a move on. Condo prices are still relatively low matching those prices from April of 2009. Overall drops are now only about 15% over last year’s prices.
If you are looking to buy a condo in Panama City Beach, FL anytime soon, I would say move on it now.
I work as a Buyer’s Representative and know the Panama City Beach condo market well. I would love to assist you with your next purchase.
Here is a photo of the beach ~ Enjoy and don’t forget to give me a ring.
Kelly Klein, Lifeguard Real Estate, Inc.