Your Home, Your Castle

January 13, 2012

Tweet We all know how the real estate market has changed over the last few years. This is especially true in many parts of Florida due to the feeding frenzy of the 2004-2006 era. One thing that is a certain in this business is change. Change is a constant in Real Estate. One point that […]

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The State of the Market-Panama City Beach Condos-2011

January 10, 2012

Tweet The Panama City Beach Condo Market Today we will look at the condo market on Panama City Beach and how it performed in 2011. Overall, Panama City Beach experienced a -8.5% decline in the median sales price for the year. The inventory was reduced by 22% and sales volume was up considerably from 2010 […]

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Bay County Market Trends – 2011-Quarter 4

January 9, 2012

Tweet Market conditions continued to correct in Bay County, FL during 2011. The median sales price in the detached single family housing sector declined some -9.9% during 2011 compared to the prior 12 month look back period. On the brighter side, the overall sales volume in the detached single family sector was up 12% and […]

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Market Appreciation/Depreciation–The X? Factor

July 24, 2011

Tweet Panama City Beach has experienced tremendous declines in real estate values since the market feeding frenzy of 2004-2006. When this market was sizzling, a significant amount of the overall appreciation for improved properties was attributable to the underlying lot value. The significant market correction that has taken place over the last several years has […]

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Panama City and Bay County Market Trends – Qtr 2

July 8, 2011

Tweet The median sales price of single family properties in Bay County continued to slide downward for the 2nd Quarter of 2011. As noted from the trend line graph below, both 1st and 2nd Qtr periods declined from prior 12 month levels. While market correction continues to take place, overall sales volume was up for […]

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Bay County Market Trends – Qtr 2

July 6, 2011

Tweet The Summer is heating up here in Panama City and Panama City Beach. Now that the 2nd quarter of 2011 is officially in the books, let’s see how the local market is performing. Today we will look at the Detached Single Family housing sector. Sales volume was up for the Quarter period and the […]

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Technology and the Real Estate Appraiser

June 29, 2011

Tweet Today’s post deals with the daily life of a Professional Real Estate Appraiser and how technology is used in the appraisal process. Take a look at the chart below. As a buyer for a particular condo project on Panama City Beach, would this information benefit you with your purchasing decision? There are two things […]

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The State of the Market – Panama City Beach Condos

June 28, 2011

Tweet The weather is sizzling on Panama City Beach, so let’s take a look and see how the condo market is doing. The Good News – Sales have continually increased month over month since the 1st Quarter of 2011 with May being a phenomenal month as far as sales activity. Contrasting the first five months […]

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Uniform Appraisal Dataset – Today’s Tip

June 3, 2011

Tweet Today’s Uniform Appraisal Dataset Tip deals with the handling of actual age vs. effective age in the sales comparison grid. Currently, some appraisers utilize actual age only and some appraisers report the age of the properties in the format of Ax /Ex. Will this format require change with the implemetation of the UAD ?

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The Uniform Appraisal Dataset – Tip of the Day

June 1, 2011

Tweet The deadline for the UAD implementation is approaching quickly. With Summer in full swing, it will be easy for the start date to slip up on you. I’ve seen reports come across my desk that have no information under the site field of the URAR other than “typical lot”. Well, that will change with […]

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