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Looking back at 2012,and on to 2013
The majority of condominium prices reached a low point between 2011 and the start of 2012. However, a large number of condos actually increased in value by 20 to 30 percent during the past two years....
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Calypso Loses Fannie Mae Approval
Calypso no longer qualifies for Fannie Mae mortgages for new condominium buyers. Calypso condominium first received a Special Approval Designation from Fannie Mae on June 10, 2011. This permitted...
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April 2013 market update
Condo sales volume in Panama City Beach is starting off the year fairly inline with recent year statistics, which is demonstrated by the graph seen below. This is interesting because inventory in a...
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May 2013 market update
After starting off the year relatively aligned with recent annual statistics, sales volume numbers for April, 2013 were much stronger than they have been for the past few years. There were 116 Panama...
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July 2013 Market Update
This past May, 120 condominium units were sold in Panama City Beach. Interestingly, the numbers for May 2013 were identical to April 2011. This number is an increase from the 94 units sold in May 2012....
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Obamacare real estate tax will only affect top 1%
There's a persistent rumor that homeowners are required to pay a 3.8 percent federal healthcare tax for home sales under the new Affordable Care Act. This is an unfounded rumor, little more than an...
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August 2013 Market update
109 Panama City Beach condominium units sold in July 2013, making up for the slight drop in June's sale volume. Despite a shrinking inventory, sales are falling in line with those of past years even...
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September 2013 Market update
When I am examining condo sales, I have been looking at all condos that were sold in Panama City Beach. These sales reliably paint an accurate picture of the overall market. However, the pattern did...
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November 2013 Market update
In my market update for September, I was expecting absorption to decline with the price increases we have been seeing. The last two months have shown no sign of that occurring. In 2013, there were 64...
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2013 - Year in Review
At the end of 2012, my yearly review showed how condominium prices reached a low point between 2011 and the start of 2012. This bottom point was coupled with an increase in value by 20 to 30 percent...
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Long Beach Association Dues
In the time I've spent selling condos, I have become very familiar with the budgets of most condominium associations in Panama City Beach. Generally, the association fees for these beachfront...
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Limited lending options at Shores of Panama
I recently wrote an article covering the financing options available for condos in Panama City Beach. The article illustrated a condo loan program at Gulf Bank for 3- and 5-year ARMs with as little as...
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Condominium loans in Panama City Beach
As times change, so do condominium loans in Panama City Beach. The reason is because most buyers are people who purchase these properties as secondary residences or investment properties. The type of...
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condo remodel before and after
Long Beach condominium remodel Buyers frequently purchase condos and engage in top-to-bottom remodels, but only rarely do you see a completed remodeling project that is truly impressive in scope and...
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April 2014 Market update
During the first quarter of 2014, our sales volume was about 5% lower than it was during the first quarters of 2012 and 2013. We sold 164 gulf-front condominiums during January, February, and March of...
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June 2014 market update
Breaking down the data During the first five months of 2014 our sales volume was 17% lower than in 2013 and 14% lower than the same time period in 2012. We sold 277 gulf-front condominiums between...
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Ocean Villa sales history
Looking at the entire sales history of Ocean Villa, I compared the two bedrooms there with four other buildings that were constructed by the same developer and had identical floor plans. The graphs...
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Splash Condominium Sales History
Here is a sales history of Splash Condominium in Panama City Beach, Florida. The graphs included are: The first outlines the complete history, and the second depicts Splash sales from 2009 to the...
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