2010 Year End Review
Single Family Properties (condos excluded)
Panama City and Beaches, Bay County, Florida

MonthYearMonthly
Sales		Monthly
Volume		Avg List $Avg Sale $Avg $/SqFtMedian Sold $Avg DOMAvg CDOM% Sold/ListCurrent
Inventory		Months
Inventory
January 2010 108 $18,467,925 $183,640 $170,999 $96 $150,000 177 189 93.11% 2528 23.40
February 2010 109 $18,540,753 $181,181 $170,098 $98 $140,000 127 153 93.88% 2598 23.83
March 2010 140 $23,224,665 $176,911 $165,890 $101 $140,000 151 173 93.77% 2653 18.95
April 2010 176 $27,704,136 $169,915 $157,409 $94 $140,500 133 150 92.64% 2653 15.07
May 2010 175 $29,877,100 $182,148 $170,726 $94 $149,900 133 148 93.72% 2693 15.38
June 2010 166 $30,264,212 $199,105 $182,314 $98 $150,000 149 173 91.56% 2702 16.27
July 2010 117 $21,263,370 $196,689 $181,738 $96 $155,000 135 154 92.39% 2693 23.01
August 2010 129 $21,589,531 $168,419 $167,360 $100 $141,001 124 128 99.37% 2696 20.89
September 2010 129 $21,360,722 $176,144 $165,586 $89 $145,000 158 180 94.00% 2652 20.55
October 2010 132 $20,321,945 $167,028 $153,954 $90 $138,250 158 171 92.17% 2572 19.48
November 2010 121 $20,756,600 $186,004 $171,542 $91 $140,000 150 160 92.22% 2470 20.41
December 2010 173 $30,811,764 $187,146 $178,102 $89 $152,500 165 184 95.16% 2333 13.48
Annual:   1675 $284,182,723 $181,238 $169,661 95 $145,000 146 163 93.61% 2604 18.65
 
Annual: 2010 - 2010 1675 $284,182,723 $181,238 $169,661 95 $145,000 146 163 93.61% 2604 18.65

 

There were 1675 single family properties sold in 2010 compared to 1707 sold in 2009.  The average sales price was 8% lower in 2010 compared to 2009.  The median sales price was down by 10.7% in 2010 compared to 2009.  There are currently 18 months of inventory compared to 20 months of inventory at the end of 2009.

If you are thinking of buying a home, now is the ime, prices are back down to 2004 pricing.

Call The Payne Group Today!!!  850-890-0132