As prices come down, sales are increasing in the Panama City Beach condo market.  We have seen three consecutive months of increases sales compared to the prior year.  We are starting to see signs of a clear bottom in many condominium buildings and floor plans. 

Real estate condominium re-sales in Panama City Beach were up in September when compared to September of 2008.  Fifty-one (non preconstruction) condos sold in 2009, compared to the thirty seven (non preconstruction) sales the prior year.  Seventy-one additional condos sold in 2009 at the Island Reserve auction, and eleven additional sales in 2008 were a result of the original preconstruction closings at Island Reserve. 

Real estate condominium re-sales in Panama City Beach were up in October when compared to October of 2008.  Seventy-eight (non preconstruction) condos sold in 2009, compared to the Fifty-five (non preconstruction) sales the prior year.  Three additional condos sold in 2009 at the Island Reserve auction. 

Real estate condominium re-sales in Panama City Beach were up in November when compared to November of 2008.  Fifty-three (non preconstruction) condos sold in 2009, compared to the Thirty-nine (non preconstruction) sales the prior year.  Seven additional condos sold in 2009 at the Island Reserve auction.