The 2010 Condo Market in Panama City Beach, Bay County, Florida saw 816 Condos sell, up from 761 sales in 2009, a 7% increase.  The average list price and sale price was $234,846 list/$215,984 sale price compared to $242,780/$223,187 in 2009.  The average days on market stayed steady at 157 DOM and the months of inventory dropped to 21.64 in 2010 from 26.31 with 1472 condos available at the end of 2010 compared to 1669 at the end of 2009.

MonthYearMonthly
Sales		Monthly
Volume		Avg List $Avg Sale $Avg $/SqFtMedian Sold $Avg DOMAvg CDOM% Sold/ListCurrent
Inventory		Months
Inventory
January 2009 26 $5,373,100 $257,898 $206,657 $190 $202,000 142 132 80.13% 1641 63.11
February 2009 52 $12,535,689 $265,527 $241,070 $197 $235,000 122 118 90.78% 1688 32.46
March 2009 55 $12,622,750 $262,279 $229,504 $201 $239,000 170 198 87.50% 1671 30.38
April 2009 63 $13,850,460 $233,782 $219,848 $203 $186,000 173 173 94.03% 1628 25.84
May 2009 75 $17,556,750 $246,737 $234,090 $202 $220,000 146 140 94.87% 1810 24.13
June 2009 72 $16,611,350 $256,429 $230,713 $197 $226,500 129 125 89.97% 1823 25.31
July 2009 83 $18,154,475 $235,773 $218,728 $189 $195,000 179 201 92.77% 1678 20.21
August 2009 67 $14,342,570 $230,519 $214,068 $192 $200,000 176 191 92.86% 1628 24.29
September 2009 65 $13,128,780 $215,318 $201,981 $186 $180,000 173 170 93.80% 1625 25.00
October 2009 80 $17,701,201 $235,506 $221,265 $186 $205,250 140 140 93.95% 1639 20.48
November 2009 60 $14,108,495 $258,206 $235,141 $193 $192,500 136 153 91.06% 1620 27.00
December 2009 63 $13,845,132 $234,578 $219,764 $189 $193,000 170 172 93.68% 1579 25.06
Annual:   761 $169,830,752 $242,780 $223,167 194 $207,500 155 161 91.92% 1669 26.31
 
MonthYearMonthly
Sales		Monthly
Volume		Avg List $Avg Sale $Avg $/SqFtMedian Sold $Avg DOMAvg CDOM% Sold/ListCurrent
Inventory		Months
Inventory
January 2010 58 $14,369,180 $273,967 $247,744 $209 $241,300 160 180 90.42% 1504 25.93
February 2010 65 $14,462,525 $248,405 $222,500 $185 $220,000 145 170 89.57% 1530 23.53
March 2010 72 $18,082,929 $274,505 $251,151 $192 $223,750 127 140 91.49% 1535 21.31
April 2010 81 $17,498,544 $228,761 $216,031 $181 $218,000 172 209 94.43% 1557 19.22
May 2010 66 $12,724,963 $207,267 $192,802 $173 $184,500 148 157 93.02% 1544 23.39
June 2010 77 $14,749,740 $207,796 $191,555 $171 $175,000 189 227 92.18% 1545 20.06
July 2010 58 $11,920,583 $225,128 $205,527 $163 $170,000 105 134 91.29% 1500 25.86
August 2010 59 $11,775,612 $220,316 $199,586 $163 $174,700 120 130 90.59% 1505 25.50
September 2010 91 $17,324,850 $205,988 $190,382 $156 $169,900 159 184 92.42% 1448 15.91
October 2010 54 $11,688,956 $233,942 $216,462 $167 $177,500 209 219 92.52% 1421 26.31
November 2010 65 $12,008,755 $200,584 $184,750 $160 $162,000 161 182 92.10% 1322 20.33
December 2010 70 $14,169,871 $215,928 $202,426 $162 $183,000 189 221 93.74% 1258 17.97
Annual:   816 $170,776,508 $227,447 $209,284 173 $190,000 158 181 92.01% 1472 21.64
 
Annual: 2009 - 2010 1577 $340,607,260 $234,846 $215,984 183 $197,000 157 171 91.96% 1571 23.90

Sales and Invetory History

This is a good sign that the condo market is trying to find its "feet" and 2011 should be a better year than 2010. 

If you have been thinking of buyer or selling a condo, NOW may be the time.  We can help, whether you are underwater on your mortgage or not.  Give The Payne Group at call at 850-890-0132 or visit our website at www.KnowPayneKnowGain.com