Since the beginning of 2016, 38% of the closings in Celadon have been cash while sales have been dominated by 1BR units. Sales were up in Q3 year over year but still down YTD.
Units are selling a little faster than this time last year which is a good sign. 4 months of inventory is a sign of a strong seller's market.
Prices have continued to move up in Celadon, up 8% year over year in Q3 alone!
Like most of the rest of these popular Panama City Beach Condos, Celadon is in a strong seller's market.
* Data Analysis by The Duran Group at Pelican Real Estate uses data from Bay County Association of Realtors MLS service. Information is deemed correct, but not guaranteed. The Duran Group analysis, summaries, and conclusions are based on our professional opinions. *