In The News

Panama City-area condo sales up

Thursday August 16, 2007
(The News Herald)

Existing condominium sales in the Panama City area rose 35 percent in the second quarter of 2007, according to statistics released Wednesday by the Florida Association of Realtors.

Realtors sold 147 existing condominiums in the second quarter of 2007, compared to 109 in the same quarter of 2006. The increase is the highest in the state, according to the statistics. Statewide, existing condo sales fell 25 percent.

Existing area home sales rose by one home in the quarter, with 405 homes sold compared to 404 in the second quarter of 2006.

The median sales price for an existing home dropped 5 percent in the quarter, to $202, 300.

For existing area condominiums, the median sales price fell 16 percent, to $269,400.