Real Estate agents in Bay County, Florida say now is the best time in nearly three decades to purchase real estate in Panama City Beach.
“What a buyer asks us a lot of times is what did this property sell for at the height of the market or when it last sold,” says Jo Ann Revell, Managing Broker with Coldwell Real Estate in Panama City Beach.
The figures are showing a much larger range of prices than they used to. Revell said, “We are seeing some at 45% of the value during the height of the market.”
This includes not only condos for sale but homes for sale and cottages too.
“Mainly for condos since the inventory for condos is so much greater, but we are seeing fantastic prices right now for single family homes and attached town homes,” said Revell
If you’ve been waiting for the market to bottom out so you can get the best deal, it’s not going to get any better than this. Once the market bounces back, so do the prices.
“The economists say that now is the best time to buy property in any kind of real estate probably since the 1970’s is what they’re saying’, this type of market fluctuation won’t happen again for a very long time.”
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