Archive for August, 2008

Panama City Beach Condo Market Analysis

After The Palazzo Auction

From www.Condosaletrends.com

 August 2008

The Palazzo condo building in Panama City Beach, Florida had a successful auction Saturday, August 2, 2008, with around 50 units selling.  The Plazzo opened in early 2008 with 129 beach front condo units.  As of August 1, 2008 61 preconstruction contracts had closed with 68 units remaining unsold.  Some have heralded the event as an indication that the bottom of the condo real estate market is finally here.  However, a closer analysis may have a much more sinister conclusion. 

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July 2008 Panama City Beach Condo Market Update

From www.Condosaletrends.com

 August 2008

We recently updated our Panama City Beach condo sales data through mid July 2008.  The graph below illustrates the number of monthly re-sales from the 70 Panama City Beach condo buildings in our database.  The 2008 monthly re-sales through June mirror the number of re-sales from the same period in 2007 even though there has been a substantial number of new units come on line.

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