In the September 2008 Market update I reported the outstanding developer inventory according to Bay County Records.  I thought I would take another snapshot of the market.  Many things have changed.  Some of the inventory has changed hands.  I am now simply going to refer to the units as "Remaining Units".  A number of the condominiums do not have the ability to sell the remaining inventory freely.  Some are tied up in litigation.  Others are held by institutions or entities that are choosing to hold the inventory.

Most of these condominiums have detailed stories behind the sales and pricing.  I am not going to get into any specifics here.  Aqua, Palazzo, Ocean Reef, Grand Panama, Tropic Winds, and Origin at Seahaven have been selling off inventory.  Aqua and Grand Panama just recently offered new pricing. 

Here is the outstanding inventory of developer units according to Bay County Records:

Condominium              Remaining Units

                                   September 2008                              April 2010

Aqua                                    61                                                      27
Tidewater                          137                                                    104
Shores                               376                                                    330
Palazzo                                67                                                        2
Sterling Breeze                    83                                                      46
Ocean Reef                        155                                                     63
Grand Panama                   135                                                      89
Tropic Winds                      164                                                    119
  
Subtotal                        1178                                                  780
  
Laketown                           731                                                   699
Origin                                 153                                                   119
  
Subtotal                          884                                                 818
  
Marina Landing                    54                                                    47
Magnolia Bay                       74                                                    74
  
Subtotal                          128                                                 121
  
New Total                     2190                                              1719

I made every effort to produce the most accurate information possible. No warranties, expressed or implied are provided for the data herein, its use or interpretation. The assessment information is from the last certified tax roll, unless otherwise indicated. All other data is subject to change.