Panama City Beach – Condos for Sale at Celadon Beach Resort
I received a real estate flyer in the mail yesterday about Panama City Beach condos. I thought that some of you might be interested in a short summary of the condo market so here it is…
There are currently 1,399 condos on the market in Panama City Beach ranging in price from $175,000 to $1,500,000. There are 46 sales pending and 558 sales have closed since January 1, 2008. So currently there is a 2.4 year supply of condos. Guess what it is a huge buyer’s market. If you have been thinking about buying a condo now is a great time to look.
The current asking prices in Celadon Beach Resort follow:
10 – 1 BR units $172 – $309K
4 – 2BR units $384 - $429K
5 – 3BR units $379 - $499K
Units sold this year:
11 – 1 BR units $178 – $295K
2 – 2BR units $350 - $365K
4 – 3BR units $385 - $450K
If there is any good news for sellers at least based on the units sold in Celadon Beach Resort in 2008 our condos are selling approximately twice as fast as the overall market in Panama City Beach.
Let me know if you want to talk to a realtor in PCB. I know two really good ones. If you want to visit Panama City Beach and look for condos, I suggest staying in one of our Celadon Beach Resort 1 BR condos with bunk rooms. You will be impressed with the property! Who knows, maybe you can get a great deal on a condo while you are there having a good time on the beach.
Best Panama City Beach Condos for Rent
Saturday, December 6, 2008
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