Real Estate Information

Looking for a fresh and exciting place to eat in Panama City, Florida?  Look no further than Los Antojitos Mexican Restaurant located at 4809 W HWY 98, Panama City, Florida, just east of the Hathaway Bridge.

Here are a few of their signature dishes!   I particularly love the fish tacos, sea food enchilada and the steak burrito (The Myntalina)!  The ceviche is phenominal!

• Fish & Shrimp Tacos
• Seafood Enchiladas
• The Super Baked Burrito
• The Super Duper Baked Burrito
• The Best Steak in Town
• Margaritas – Made with Fresh Squeezed Lime Juice
• The Myntalina Burrito
• Shrimp Ceviche (Award Winning)

The Harbison family and Los Antojitos has been serving award winning mexican food in Panama City for over 30 years. 

Whether you want to dine in, carry out or need catering, you owe it to yourself to check out Los Antojitos, the best mexican restaurant in Panama City

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Be sure to have a Margarita and tell the The Payne Group sent you!

The real estate numbers are in for March!!!

There were 181 single family properties sold in Panama City and Panama City Beach, all of Bay County for March 2011.

This number is up from 131 sales in March of 2010, a 38% increase in number of sales.

The first quarter of 2011 in Panama City Real Estate showed an increase in sale of 28.5% with 423 sales in first quarter of 2011 compared to 329 in first quarter of 2010.

Sales are up due to higher demands and lower prices. If you have been thinking of purchasing a home in Panama City or Panama City Beach, start your search right here with The Payne Group.

I just read a great article,  Homeowner forecloses on Wells Fargo , and started thinking.....

Fannie and Freddie are costing the taxpayers hundreds of BILLIONS of dollars and have no end in sight from their stupidity and arrogance.   They continue to snub short sales, admitting that 75% of their defaulted loans go to Foreclosure instead of a better solution of a short sale.   They pay their executives HUGE salaries and bonuses even with the non stop bleeding of tax payer money.  They are like a huge black hole! 

Locally, Fannie Mae accounted for 5% of ALL sales in this county last year.  5% doesn't sound like much in our small Panama City community but imagine if they own 5% of all of the sales in Phoenix, Orlando, Miami and other large metropolitan areas hit hard by foreclosures.   Not all of the 5% would have been able to short sale but if the 25% Fannie Mae short sale success rate were reversed and 75% of their defaulted loans were short sales, how much money would that have saved?  Imagine the attorney fees, maintenance costs, resale costs involved in a Foreclosure thru resale.  With a short sale, the attorney fees are going to be much less or nothing, there are no maintenance costs and the resale costs are also less not to mention the market is still declining so the property would most likely sell for more in a short sale now than a foreclosure 9 months down the road.

This leads me to the headline   "US TAXPAYERS FORECLOSE ON FANNIE MAE"  How sweet would that be!   Maybe it is time for us to take back what is ours!  Our taxpayer money that is being sucked into the Black Hole of Fannie Mae.

With talks of a governement shut down, maybe Fannie and Freddie will find their locks changed and power cut off, just like they do when they "secure" their assets.  Let them try to negotiate with us a short sale or Foreclosure.   We can turn the tables and make our own contracts and make our own rules that only protect us and leave them hanging out to dry. 

Who is with me?

Be sure to visit the St Andrews Marina in Panama City Florida to check out the Marquette, a 180 unit floating condo.  A company out of Minnesota, River Cities, is planning to build a new floating condo and have been touring the country showing off their creations with a floating showroom.

The floating condo is 600 feet long and 108 feet wide, six stories and can be split into 2 smaller units for naviating tighter water ways such as rivers and intercoastal water ways or to fit under bridges.

These units are full time homes with different locations regularly.  During the winter the ship will be in the South in places like Panama City Beach, Apalachicola and alot the Gulf Coast. Springtime will be in Alabama and Tennessee and along the Mississippi River in the fall.

Come see this condo for yourself in Panama City at St Andrews Marina just off the end of Beck Avenue.

See you there!

Coming soon!  The Payne Group Iphone and Droid app for searching Panama City Real Estate.  Stay tuned!

St. Andrews Waterfront Market

March 05, through November 26, 2011

Held every Saturday in good weather at the St. Andrews Marina, just off of Beck Ave in Panama City, Florida from 8:30 to noon.  Arts, crafts, fresh produce and fresh Gulf of Mexico seafood coupled with a fabulous waterfront view of St Andrew Bay in downtown St Andrews.

 While here be sure to visit the many shops and restaurants in St Andrews:

• Uncle Ernies Bayfront Grill and Brewhouse
• Captains Table for grouper throats
• Peglegs 
• Hunts oyster bar
• Shrimp Boat
• Granite Cafe
• Dans Pawn

Be sure to tell them the Payne Group sent you 

Only 21 days until the official kickoff party of Thunder Beach, Panama City Beach.

The town will be filled with the roar of motorcylces and the gleem of all of the chrome.

If you are coming to Panama City Beach for Thunder Beach, be sure to visit these exciting hot spots

• Red Door Saloon, great people watching
• The Outpost, a nice ride to a hideaway on Black Creek
• Uncle Ernies, best sunsets in the area
• Apalachicola, the home of the best oysters anywhere and a nice ride to get there
• Red Bar, funky little spot in Walton County
• Ms Newbys, local biker hangout

Please be safe and ride hard!  Panama City Beach loves Thunder Beach.

For accomodations, check out www.VRBO.com, there are plenty of condos available that will have all of the comforts of home.

While in Panama City Beach, you should think of buying a property here!  Start your search right here with The Payne Group

As your Panama City Real Estate Professionals, The Payne Group prides ourselves on our honestly, integrity and work ethic.  Of course we are biased but we could not imagine why you would want to work with any other team in Panama City for your next real estate sale or purchase than The Payne Group.  We believe in being professional and guide every decision by what is the right thing to do.  

Win-Win or no deal

If you have not seen or used a QR code yet, you should go ahead and try it because you will see more and more of these.  It is very simple, you can downloand a free QR Code reader on your smart phone, iPhone, Driod, Blackberry and from there you can use it to scan bar codes and QR codes.

The QR code above is our QR code that will take you directly to The Payne Group website for Panama City and Panama City Beach real estate.  Once you reach the Payne Group, you can search for homes, condos, vacant land or any real estate in Panama City, Florida.   We want to make it as simple as possible to search for Panama City real estate.   Check our QR code out today

Want your own QR code, it is very simple.  Go to kaywa and download one for free

The condo market in Panama City Beach has seen its share of challenges over the past 4 years.   Challenges ranging from massive Foreclosure numbers, short sales that seem to drag on forever and lack of available financing, all dragging down the average sales price.

There is some good news..... many lenders now have good financing programs and the number of condos sales has actually risen considerably from this time in 2009 and 2010.

The number of condos sold in March 2010 is up 35% over February 2010.

Overall the number of condos sold in Panama City Beach for the first quarter of 2011 is up 25% over the number of Panama City Beach condos sold in 2010 and up 80% from the first quarter of 2009, 80%!!!!!

Number of condos sold in Panama City Beach, first quarter

• 2009-130
• 2010-186
• 2011-234

The average sales price of a Panama City Beach condo  has dropped 5% from 2009 to 2010 and  7.5% in the 2011 compared to the same time in 2010.

This means that you can buy the average condo, 2 to 3 bedrooms, 2 baths, most likely furnished for UNDER $200,000.  What are you waiting for?  Start your search today for your very own Panama City Beach condo!

Call The Payne Group today at 850-890-0132 or visit www.KnowPayneKnowGain.com