Why Should I Invest in Beachfront Vacation Property in Panama City Beach, Florida ?

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:

Ricky Lee's Realtor Website