Real Estate is Still Selling

Despite the apparent slow-down in the real estate market in the Panhandle, people are still buying. True, there are not as many buyers here than last year or the year before, but if it is priced right, someone will want to buy it. Below is data from the Bay County MLS.

Sold in Panama City Beach summer 2004

• 314 homes sold from a 3/2 in Woodlawn for $105k to a 2700 sf gulf front home for $2M
• 603 condos sold from a studio at Top of the Gulf for $147k to a Hidden Dunes 3200 sf penthouse for$950k

Sold in Panama City Beach summer 2005

• 272 homes sold from a 3/2 for $175k to a 3600 sf Lake Powell-front 4 bedroom home for $1.5M
• 598 Condos sold from a new studio at Majectic for $139k to a 4 bedroom, 3100 sf at En Soleil for $1.7M

Sold in Panama City Beach summer 2006

• 158 homes sold from a 3/1 for $145k to a 7200 sf bayfront home in Colony Club for $2M
• 313 condos sold from a $20k parking space in Calypso to a 4 bedroom penthouse in En Soleil for $1.6M

Summer is defined from May 1 to August 30.