Why Get Excited About Panama City Beach?
PCB Beachfront Real Estate
Market
Condo Market: 2005 - 2012:
•
Beachfront condo prices
peaked in PCB in 2006 at over $575/sq. ft.
•
After recession, prices
bottomed out in 2012 at less than $200/sq. ft.
•
And, condo inventory for
sale skyrocketed to over 2,200 units
Condo Market: Now
•
By 2013, most of the
Foreclosures and Short Sales were gone
•
Beachfront condo
inventory dropped to 700 units
•
Heightened demand
combined with nation’s economic recovery,
prices began to rise
•
Now, in 2014, prices are
finally back above $225/sq. ft.
•
What that means is “You
can Still Buy a $400,000 condo on the beach for less than $200,000”!
Panama City Beach – Poised
for Growth!
• Pier
Park dining, shopping, and entertainment complex ( #1 place to go)
• PCB
airport - tripled passenger traffic (Southwest adding Dallas in
2015)
• New
and/or updated attractions have opened including:
• WonderWorks
• Ripley’s
Believe it or Not
• Gulf World
• Zoo
World
• A new
Miracle Strip Amusement Park
• Great
new tourist events like:
• Gulf Coast Jam
• Pirate’s Fest
• Thunder Beach Rally
• Jazz Festival
• New Year’s Eve
Celebration (children and adults)
Check out what the Media Has to Say About Panama City Beach:
If you have any questions about the real estate market on the Emerald Coast of Florida, from Panama City Beach to Destin, call, text, or click website link below to go to my website:
