Tidewater announces developer sale of remaining units.  In the Panama City Beach September Market Update, I mentioned Tidewater began offering prices at a similar price per square foot as the Palazzo Absolute Auction sales.   Tidewater condominium has since made a more public announcement.  The developer price offering ranges from $226 - $229 a square foot.  There is also a special closing cost

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 Real Estate Condominium Sales in Panama City Beach were down in August when compared to August of 2007.  Forty-five condos sold in comparison to the one hundred and one that sold the prior year.  Forty-two of the condos sold in 2007 were preconstruction closings at Shores of Panama.  So we should actually be comparing forty-five in August 2008 against fifty-nine non-preconstruction sales in

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The developer of Ocean Reef Condominium has scheduled an absolute auction for 31 two-bedroom and four-bedroom gulf front condominiums on October 18, 2008.  There will be no minimums and No Reserves.  The terms will be 10% down and closings will be within 30 days of the auction.  There will be a 10% buyer's premium paid to the auction company at closing (if you bid 300k, you will owe 330k at

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Real Estate Condominium Sales in Panama City Beach were down in July when compared to July of 2007.  When you look into the numbers you may realize sales were actually up.  Seventy-three condos sold in comparison to the one hundred and fourteen sold the prior year.  Fifty eight of the condos sold in 07 were preconstruction closings at Shores of Panama.  So we should actually be comparing

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Developer Ron Durham held his absolute auction of 28 units at Palazzo Condominium.  Hundreds turned out for the first absolute auction of a gulf front condominium in Panama City Beach.  Palazzo is known for its great interior finishing, spacious floor plans and oversized balconies.  The end units well thought out floor plans make great use of a view that seems to go on for ever.

It started out

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Emerald Beach Resort opened its Floridita pool this past weekend.  These pools are located on the north side of front beach road behind the check in area.  One pool is zero entry with a waterfall mushroom, a row of mini jets, and several other water features.  The Floridita pool also features a bar and grill area.  This will make a total of 3 pools for the resort in addition to the Sky Bar,

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 Real Estate Condominium Sales in Panama City Beach were down in June when compared to June of 2007.  Fifty-nine condos sold in comparison to the eighty-two sold the prior year.  The average price per unit was $271,000, down from $331,000 June of 07.  Preconstruction seems to be winding down.  Most condominiums have completed the sales to preconstruction contract holders that are going to close. 

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The Sky Bar and Tiki Hut at Emerald Beach Resort finally opened July 4, 2008.  Emerald Beach Resort completed the build out of these amenities, the gulf front pool, gulf front hot tub, and the first two condominium towers January of 2007.  They started selling units to the preconstruction contract holders February of 2007.   While they may have set a new world record for the amount of time taken

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The developer of Palazzo Condominium has scheduled an absolute auction for 28 gulf front condos on August 2, 2008.  There will be no minimums and No Reserves.  The terms will be 10% down and closings will be within 30 days of the auction.  There will be a 10% buyer's premium paid to the auction company at closing (if you bid 400k, you will owe 440k at closing).  The auction will take place on

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