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Tuesday, February 17, 2015
Just Listed!
January Real Estate Market Report 2015 for Panama City and Panama City Beach, FL
Condo sales in Panama City Beach were up 47% in January 2015 from January 2014. We saw a total of 115 condos close out in the first month of 2015. With those numbers that puts this past January as the highest amount of condo sales in one month since October of 2013. This is also the most condo sells that we have ever had in the month of January.
Panama City Beach home sales were up 24% in January this year, (total of 46 closed), compared to January 2014. The fact that you have to go back 10 years (2005 there were 52) to show more home sales in the month of January is surely a good sign.
There were 54 closed home sales for Panama City last month. That’s just under a 4% increase from January 2014. For Panama City home sales you have to go back all the way to 2006, to find more in the month of January.
What’s this mean for 2015 for our area? Based on several national studies done recently it seems as though this year we will start to feel an impact in home sells from those in their early-mid 20’s, due to the fact the mom and dad are kicking them out or because they’re ready to get out. Either way, these first time home buyers should spark sales in the under $200,000 price range. In turn this will generate more move-up buyers. This starts to create a domino effect. That seller upgrades to a $250,000-$300,000 home and then that seller turns around and moves up.
The biggest item we will want to keep our eyes on is interest rates. At the end of January rates are still, on average lower than they have ever been. This is helping to keep the market moving and keeping affordability within reach. Most economists are betting this is the year rates will start to rise. If you’re on the fence of buying now or later we would heavily suggest pulling the trigger.
Panama City Beach home sales were up 24% in January this year, (total of 46 closed), compared to January 2014. The fact that you have to go back 10 years (2005 there were 52) to show more home sales in the month of January is surely a good sign.
There were 54 closed home sales for Panama City last month. That’s just under a 4% increase from January 2014. For Panama City home sales you have to go back all the way to 2006, to find more in the month of January.
What’s this mean for 2015 for our area? Based on several national studies done recently it seems as though this year we will start to feel an impact in home sells from those in their early-mid 20’s, due to the fact the mom and dad are kicking them out or because they’re ready to get out. Either way, these first time home buyers should spark sales in the under $200,000 price range. In turn this will generate more move-up buyers. This starts to create a domino effect. That seller upgrades to a $250,000-$300,000 home and then that seller turns around and moves up.
The biggest item we will want to keep our eyes on is interest rates. At the end of January rates are still, on average lower than they have ever been. This is helping to keep the market moving and keeping affordability within reach. Most economists are betting this is the year rates will start to rise. If you’re on the fence of buying now or later we would heavily suggest pulling the trigger.
About Lawrence & Associates Keller Williams
When you hire us you get a team of professionals. We are committed to doing one thing, helping you! Whether that's selling your home quick and stress free or finding you the perfect home, we're going to make it happen.
Nathan Lawrence, team owner, brings a wealth of knowledge to his clients with more than 10 years of experience. Specializing in New Construction and Residential Investments Nathan is very excited about the growth coming to this area. “I believe Bay County is on the brink of a tremendous amount of growth. I look forward to what the future holds for the world’s most beautiful beaches”. As an agent who's an expert in this local area, I bring a wealth of knowledge and expertise about buying and selling real estate here.
When it's time to move, you need someone who will advertise your home, not just put a sign in the yard, put it in the computer and cross their fingers. At Lawrence & Associates we have a step by step marketing plan we'd love to share with you. Find out why we are out selling our competition and how we are making you more money along the way. We have a team of experts for every step of the process and the difference is evident. Ask us about our selling program, 88 DAYS TO SOLD!
Buying a property will for most people be their single largest purchase they'll ever make. Having a knowledgeable professional who you can trust can make the process an easy, smooth, and fun experience. You need someone who knows this area inside and out! We will work with you to find the right home at the right price for you, including all the neighborhood amenities that matter - not to mention the essential criteria you have for your ideal home.
Nathan Lawrence
850-814-8588
Sunday, February 1, 2015
Condo at Regency Towers!!
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Coming Soon. Lovely Home in Lynn Haven!
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