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Jeff Payne, Panama City Real Estate

Panama City Prices are back down below 2004 prices, It is time to buy!!

Prices in Panama City Beach are back down below 2004 pricing! 2004 was the start of the sellers market here in Panama City. Savvy buyers are watching this trend and are buying homes! Sales are up from 2009, see Panama City Market Conditions for an overview of the number of sales in the single family home market.

Take a look at the chart below, it goes back to 2002 and reflects average listing prices in the blue bar and average sales price in the red bar for each year. As you can see, prices have come back down to under 2004 values.

What are you waiting for? Interest rates are LOW LOW LOW, the government is giving away money to first time and move-up home buyers, and homes are priced below the "bubble" prices!

Panama City Florida Market Conditions

The Panama City Real Estate market is starting to heat up, the 4th quarter of 2009 was much better than the 4th quarter of 2007 and 2008. Take a look at the chart below, 2009 sales is represented with the purple bar and 2008 is represented with the green bar.

What does this mean for you? If you are a buyer, the bottom may be here. How do we know when the bottom hits? When prices start to go back up and when the inventory starts to go down.

If you are thinking of buying, keep in mind that this graph shows that others are also thinking of buying or are buying.

If you are thinking of selling, keep in mind that buyers are buying, more sales are occurring, now could be the time to get your home on the market!

Thinking of selling your Panama City or Panama City Beach home in 2010? www.PanamaCityHomeValues.com

Have you been thinking of selling your Panama City or Panama City Beach home? Don't know where to start? Interested in an honest opinion of the value of your home? The Payne Group at Keller Williams Success Realty can help. We sold over $20,000,000 in real estate in 2009 with a solid plan and great systems in place. Don't leave your sale to chance, contact us today.

www.KnowPayneKnowGain.com

For a quick, free, no obligation analysis of your homes approximate value go to www.PanamaCityHomeValues.com . We will only contact you by email with a report and will not call you unless you ask us to. Simple and easy with no obligation!

We also have a monthly Panama City Market Snapshot that is delivered every month to your inbox.

Upside down in your mortgage, WE KNOW SHORT SALES!

Check us out and see why we are the Panama City Market leader with over $20,000,000 sold in 2009!

Need an experienced real estate agent in Panama City and the Beaches? Call The Payne Group

Whether you are looking to buy or sell in Panama City and the Beaches? The Payne Group has a plan for you. We have an experienced team to handle all of your needs.

Introducing The Payne Group at Keller Williams Success Realty

Jeff Payne, Listing Specialist
Melonie Payne, Closing co-ordinator
Lynn Boyd, Buyer Specialist
Brook Simmons, Buyer Specialist
Jennifer Ethridge, Marketing Director

We sold $21,000,000 in 2009 and have the experience to sell your property.

We have:
Great priced listings
Foreclosures and bank owned properties
We also successfully negotiate short sales with all of the lenders with a high success rate

Need to sell? Want to know what your property is worth? www.PanamaCityHomeValues.com

Want to see all listings, all the time? www.KnowPayneKnowGain.com

Upside down on your mortgage, facing foreclosure? www.ShortSalesinPanamaCity.com

Visit our website or call us today at 850-392-1770

Congratulations to Lynn Boyd, She has earned 100% commission!!!!! Way to go!

Lynn Boyd of Keller Williams Success Realty and the Payne Group has achieved 100% commission status with Keller Williams!!!!!

Join me in congratulating her for her success!!! LynnBoyd@kw.com

For those not familiar with the Keller Williams commission structure, a portion of the agents total commission is paid to the broker until the agent has paid their commission "cap" . The anniversary date of the agent is the date that the "caps" reset every 12 months. Lynn worked hard to be able to get 100% commission for the next 5 months!!!

Good job Lynn!