SOLD in 2017 Q2

SOLD DATE

TYPE

UNIT NUMBER

SOLD PRICE

April 14, 2017

2BR/2BA

2302

$325,000.00

April 17, 2017

2BR/2BA

806

$330,000.00

May 4, 2017

2BR/2BA

1504

$350,000.00

May 5, 2017

2BR/2BA

2209

$350,200.00

May 9, 2017

2BR/2BA

808

$335,000.00


SOLD in 2017 Q1

January 03, 2017
2BR/2BA

$325,000.00

March 24, 2017
2BR/2BA

$335,000.00


Everything You Need to Know About Vacation Rentals

Don't Make These Mistakes When Buying or Selling Vacation Rental Properties  You could...

Read More

 

SOLD in 2016

2BR/2BA | 11 Units SOLD

February 29, 2016
2BR/2BA
$320,000
March 18, 2016
2BR/2BA
$285,000
May 12, 2016
2BR/2BA
$308,500
May 27, 2016
2BR/2BA
$317,000
June 15, 2016
2BR/2BA
$348,000
August 16, 2016
2BR/2BA
$330,000
August 27, 2016
2BR/2BA
$300,000
September 29, 2016
2BR/2BA
$345,000
October 18, 2016
2BR/2BA
$305,000
November 28, 2016
2BR/2BA
$330,000
December 21, 2016
2BR/2BA
$325,000

The real estate market in Tropic Winds worked very much like the overall gulf front market in Panama City Beach.  The number of units for sale (Active Listings in the chart above) moved up dramatically from November through April and stayed pretty high throughout most of the year.  

The number of sales (Sold Listings) stayed pretty steady averaging just about one per month in 2016.  However, because of the spike in available units for sale, the "Months Inventory" number moved up from around 4 to somewhere between 8 and 10 for most of the year.  This number is important to understand.  Anything around 5-6 "Months Inventory" represents a neutral real estate market while anything above that signifies a buyer's market.

Since September, Tropic Winds has drifted into a pretty strong buyer's market.  If this trend continues, look for some downward pressure on pricing in 2017.


Want to See More Condos in PCB?

Condos

Explore the Condo Projects in Panama City Beach!   We have been selling condos near Pier P...

Read More