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Panama City, Florida, September 25, 2007
The Florida Association of REALTORS® (FAR) today released home and condo resales numbers for August, 2007 and the outlook is upbeat for Panama City, placing third-best in the state and surpassed only by Marco Island and Pensacola.
The median price for detached, existing single-family homes in Panama City is up by 6 percent over the last 12 months, followed by Ft. Lauderdale, Tallahassee and Gainesville. In comparison, the median price of homes in Florida is down 6 percent overall.
According to the same data, Panama City placed high in existing condominium sales in Florida, second only to Daytona Beach. A 24 percent increase in condo resales in Panama City over the last 12 months measures up favorably against an overall statewide decrease of 25 percent, due in large part to a 21 percent correction in Panama City condominium prices, providing incentive to buyers. To see deals in your area please go to www.heron...
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