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

16.08.07 » PANAMA CITY-BAY COUNTY INTERNATIONAL AIRPORT RECEIVES FINAL FEDERAL PERMIT

PANAMA CITY - BAY COUNTY INTERNATIONAL AIRPORT RECEIVES FINAL FEDERAL PERMIT NEEDED FOR AIRPORT RELOCATION

Airport Relocation Project Enters Construction Phase

16.08.07 » St. Joe Company Completes The Acquisition Of Shark’s Tooth Golf Course In Bay County, Florida

Transaction Includes 28 Home Sites with Golf Course and Lake Views in Wild Heron

Jacksonville, Florida - (August 16, 2007) - The St. Joe Company (NYSE: JOE) announced today that it has purchased the Greg Norman-designed Shark’s Tooth Golf Club in the Wild Heron community near Panama City Beach, Florida. The transaction also includes 28 fully-developed Wild Heron home sites, additional land parcels and beach and tennis club facilities.

15.08.07 » Florida Home Sales-Buyers Market-Prices Continue Down

HOME SALES

In second quarter 2007, Florida’s housing sector continued to report higher inventory levels of homes for sale, median prices edging down and sales activity reflecting a buyer’s market. Statewide sales of single-family existing homes totaled 37,709 during the three-month period, a decrease of 30 percent compared to the same time a year earlier, according to FAR. The statewide median existing home sales price was $239,200. Read the full story here.

13.08.07 » Panama City Beach Development to boost Beach population

Development to boost Beach population
Sunday, August 12 (By Ed
Offley, News Herald Writer)

PANAMA CITY BEACH
Without fanfare or ceremony, the St. Joe Company has initiated the
largest mixed-use residential community in city history that, upon
completion in 2018, will boost the current full-time population by 65
percent.

11.08.07 » Land For Jim Fowler’s “Life in the Wild” Project Approved

Fowler contract signed, binder paid
Jay Felsberg, Managing Editor Freedom Florida Communications
2007-08-07 20:47:00
Holmes County Development Commission approved a contract with Jim Fowler’s Parks and Wildlife Services (PAWS) for sale of 786 acres of Commission and around Smith Lake for $3.256 million. Action was taken at the Commission’s regular meeting Tuesday night. Read more here.

4.08.07 » We are now posting videos of Panama City Beach properties!

 

See videos of Panama City Beach homes, condos and land for sale!

You can scroll through the movies by clicking on the film strip to the right. Then click on one to select it. Then click the ‘Play’ arrow to play the movie.

See them all CLICK HERE!

4.08.07 » July Real Estate Sales Data-Panama City Beach, FL

Hi folks,

I just published the real estate sales data from the Bay County MLS. See it here. Home sales and condos sales stayed about the same for both categories. However, there seems to have been a drop in residential lands sales and if the numbers hold up it is quite dramatic!

11.07.07 » Panama City-Bay County International Airport Successful Bidder

 

PANAMA CITY, Florida (July 10, 2007) — The Panama City – Bay County International Airport and Industrial District (Airport Authority) announced today it had named PCA Development, LLC, of Pittsburgh, PA, as the successful bidder for the sale of the existing 714-acre airport property in Panama City, Florida, at a purchase price of $99 million made up of $61 million in cash and an estimated $38 million in transfer fees to the Airport Authority from the future sale of property on the current site.

3.07.07 » Panama City Real Estate Market Report For June

This so-called slow market sure is keeping us busy! We are getting single family homes as well as condos under contract and closed. The only thing that isn’t very active for us is residential lots and vacant land sales.

1.06.07 » Panama City Florida-Real Estate Market Information for May

 

Hi folks and good day,

This morning I posted the Panama City real estate market information for May 2007.

First let me say that it is still a VERY strong BUYERS market for ALL property types! Investors should get off the sidelines and get busy identifying and evaluating potential investment property types. There are GREAT buys in the condo market, single family homes and vacant residential lots and land.

26.05.07 » Panama City-Bay County Airport-More Good News!

The Federal Aviation Administration gave $72 million to the Panama City-Bay County International Airport on Friday 05-25-2007, for its relocation to West Bay.

Robert Chapman, manager of the FAA’s airports division, announced the grant in a letter, The News Herald in Panama City reported.

18.05.07 » Panama City Beach-Pier Park-More New Stores Coming!

 

Pier Park has added another store to its list. JC Penney will open a store in the Panama City Beach complex by spring 2008.

The 83,000-square-foot store will be located close to the complex’s Town Center, Boardwalk and Front Beach areas. Building should begin in the next couple of months.

25.04.07 » St. Joe Company Completes Purchase Of Bay Point Marina In Bay County, Florida

Jacksonville, Florida – (April 25, 2007) – The St. Joe Company (NYSE: JOE) announced today that it completed the purchase of Bay Point Marina in Bay County near Panama City Beach, Florida from Bay Point Marina Company.

11.04.07 » Build your home like a fortress to reduce insurance costs

 

Hi, This is one way to give Mother Nature a run for her money! I guess living in Florida and the Panama City Beach area…if I was near the coast and I was building a new home I sure would have to consider it. Read the article below to learn more. You may get some helpful tips on how to improve up your home and help it to withstand hurricanes. Getting a break on insurance sure would be nice!

7.04.07 » March Panama City Bay County MLS Data and Airport Update

Hi everyone,

5.03.07 » February Panama City and Bay County MLS Inventory Data

 

I everyone. I just posted the most recent inventory data and statistics from the Panama City and Bay County MLS for selected property types. For the month of February not too much change. Its still a BUYERS market especially in the condo market which is carrying more than 6 years of inventory at the current sales rate. Click here to see for yourself.

3.02.07 » January Panama City and Bay County MLS Statistics Posted

Hello all! I just recently posted the January statistics from the Panama City and Bay County MLS. You can see it by CLICKING HERE!

Here’s a brief review of some recent local news…

28.12.06 » Panama City MLS Inventory Information-November 2006

Hi folks, below you will find the November 2006 data and inventory numbers taken from our MLS.

 

 

 

Residential Land Numbers for Bay County:

• Monthly sales=28
• Average List Price=$51693
• Average Selling Price=$48211
• Average Days on Market=158
• Current Inventory=1807

6.12.06 » Panama City-Bay County Airport Relocation News

Hi and happy holidays all! Lately there has been a lot going on with the Bay County Airport relocation. You can get some information…although it is kind of old by clicking here.

25.10.06 » Florida-Is it a good time to buy a home? ‘Maybe’ means ‘yes’

Is it a good time to buy a home? ‘Maybe’ means ‘yes’

NEW YORK — Oct. 25, 2006 — Many homebuyers are asking themselves if they should buy a newly built home now, or wait for prices to fall, according to a new report on RealEstateJournal.com, The Wall Street Journal’s guide to property.