The Tice Team Real Estate

Real Estate Market Trends In Panama City Beach

It’s been a long slog, but indications are that the bottom may be near.  The number of sales from the 75 buildings in our data base during November, December, and January has been higher than any other similar months over the past three years.  December and January sales were significantly higher.  While short sales and foreclosures still represent a large portion of the sales, sale prices have appeared to stabilize over the past two months. No new sale price lows were established during the past two months.

 It appears that buyers are sensing the bottom and that prices can’t go much lower.  The next several months will be very important in determining if the bottom is really here or if the last two months were just an anomaly Call Harry Tice at 850-236-1222.  Licensed in the State of Florida

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