The median price for condominiums sold in Panama City Beach so far in 2009 is down 22% from last years numbers. It appears that bank foreclosures are driving prices down at an alarming rate. A Boardwalk Beach Resort, 2 bedroom, 2 bath with 1152 S.F. was going for $375,000 12 months ago and now the same floorplan is on market for $277,000. (Countrywide foreclosure) I have created a median price history that can be viewed at www.northwest-FL.com. The numbers are directly from the Bay County MLS. For more information on Panama City Beach Real Estate visit my website at www.chadmiller.com.
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