Panama City Beach Real Estate Market Conditions
Panama City Beach Real Estate Information | Market Conditions | Boating and Fishing

 4:29 PM 10/23/2006

Hello once again fellow Crooked Creek neighbors!

We would like to take this opportunity to share some current market data and observations. We would also like to thank everyone who read the previous letter.

The market for residential lots and vacant land is very challenging at this time. Actually the market overall is very challenging but especially lots in RiverCamps.

Inventories in most categories of real property are very high and therefore the market has responded as open markets do… with prices coming down. Our advise to sellers who can stay and who do not have to sell is to do just that …don’t try to sell now and stay. My advice to sellers who must sell…you will have to price with the current comparable solds…with the excess inventory if you want to sell price is king…lowest price sells…period.

Sales and Inventory History-Bay County Residential Lots-Vacant Land 

  

Sales in RiverCamps since 01-01-2006 in order from earliest to most recent.

1. 338876  7611  BIG SALTMARSH LN, Acres= 0.70 Sold Price=$418,500 DOM=130
2. 346359  7704  MAGNOLIA POND TRL,  Acres= 0.87 Sold Price=$225,000 DOM=0
3. 346362  6326  TURKEY COVE LN, Acres= 1.24 Sold Price=$260,000 DOM=0
4. 352939  6408  RIVER BLUFF TRL,  Acres= 0.82 Sold Price=$245,000 DOM=0
5. 354179  7633  COASTAL HAMMOCK TRL,  Acres= 3.24 Sold Price=$275,000 DOM=0
6. 353029  8420  DEEPWATER CREEK LN,  Acres= 0.91 Sold Price=$208,000 DOM=62
7. 353052  6407  SUNDEW MARSH TRL E,  Acres= 1.40 Sold Price=$159,000 DOM=70

Are you a little bashful? You can email us to request more information. Navigate to: CLICK HERE TO CONTACT US!

To read our blog with current market data, airport news navigate to: http://www.vivianfoate.com/blog and while you are there check out our fishing and boating pictures!

Not interested…but know some one who might be? Please refer us!

Warmest regards, Capt. Mike and Vivian Foate REALTORS® - “By Land or By Sea!”
Prudential Shimmering Sands Realty

Interested in learning more about our services?

Please call Captain Mike Foate @ 850-596-4236 or Vivian Foate @ 850-814-2372

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