HOMESandLAND.com

An In Depth Analysisof our Local Market

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MARKET REPORTPA

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Panama City Beach Market ReportIf you’re considering a second home or relocating to our beautiful community, now is a great time for single family homeand condo sales.

The housing inventory for Panama City Beach is currently low. There are 409 single family homes actively listed on themarket and 860 condominiums. Demand for the available inventory appears to be rising. In the last 30 days 47 homes and75 condos were sold. This means buyers are looking and now is a good time to sell.

Foreclosures and short sales make up 13% of our market, but rest assured, one low sale in a neighborhood won’t affect thearea price. In fact, the median home sales price is up 32% since March 2011, to $187,750. The majority of the homes sold lastmonth were priced under $200,000, so if you’re looking for a good deal, look soon.

Not only do home prices appear to be going up, but the days a home is actively on the market are getting smaller, down to28 days compared to last year’s 53. That means homes in good locations that are priced correctly won’t last long. If you findsomething you love, get pre-approved for financing and make an offer.

Condominiums are a very active part of the Panama City Beach market and sales have greatly increased over the past 2years. In 2010, 581 units were sold and in 2011, sales were up 18% to 686. In addition, almost twice as many condos ashomes have sold in the past 30 days. The condo market also represents a wider active price range – with 32 units sellingunder $200,000 and 23 units selling between $200,000 and $300,000.

Financing a condo is still difficult and it’s very important to speak with local lenders who understand our market. Please giveme a call and I will be happy to help you navigate our market.

About the Expert32 Years in Mortgage Lending and a Top Realtor since retiring has given me asuccessful second career in Real Estate. Looking for a Home or Condo for anew Primary Residence, 2nd home or that perfect investment property?I can help YOU. Just give me a call to talk about your needs to BUY or to LIST.

Gwen Scott, REALTOR®850.596.2153

Century 21Ryan Realty, Inc.850-596-2153GwenAndTrista.com

TRENDS Year over YearSingle Family Homes March 2011 March 2012Median price $142,500 $187,750Days on Market 53 28Price/SQFT $109 $109

CondosMedian priceDays on MarketPrice/SQFT

March 2011 March 2012$199,900 $182,50097 48$163 $156

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Recent Activity

Main StPoplar AveGlenndaleLittle StCarraway StBroad StRunaway CoveWhipporwhill LaneDancers Image DrBrandfordville RdWalthour StMLK BoulevardHalifax DrFirst AvePark Place DrTwin Lakes AveJackson StLake Park AveRiverview LnHarbor CircleIsland RdFifth StPine StTerrrace AveMitcham Dr

3/22/23/34/32/23/17/53/22/2

3/1.53/22/23/2

4/2.53/23/3

4/2.53/22/2

3/1.53/23/23/32/13/2

2500120020004000165042258000350018501925 352512754225752535001250285025001250422565002250220010003520

$350,000$120,000$225,850$650,000$152,500$450,000

$3,000,000$355,000$190,500$250,850$350,000$252,500$350,000

$1,000,000$350,000$320,500$425,850$350,000$152,500$650,000$800,000$350,000$320,000$135,850$450,000

$140$100

$112.5$162$53

$125$300$140$125$100$195$125

$115.5$205$125$109

$119.5$165$113$143$250$125$150$125$165

321245

1202510

50013221015189

1251625221813288529321550

BR/BAAddress Sq. Ft. Sales Price $ per Sq Ft.Days onMarket

As you can see, a wide range of homes and townhouses are moving in our area. Panama City Beach o!ers a variety of hometypes and sizes to "t most lifestyles and budgets. If you’re looking to buy something on the water, or want a quaint familyhome in town – now is a great time to take advantage of housing deals and great "nancing rates!

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SHOWCASE OF HOMESPA

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Starting at $155,900

$239,900 - Magnolia Dr

$169,900 - Hartrford St

$244,500 - Wildlife Dr

$949,000 - Beach Ave.

$330,000 - Lakeshore Dr

$224,995 - Plum Ave

$1,875,000 - East Sage St

Tidewater Condominium1BR, 2BR, & 3BR UnitsLinda McKnightResortQuest Real Estate850.830.4720

Magnolia BeachBungalow3BR, 2BA, 2056 Sq ftMLS# 504075Sandy Webb850.319.3392Sterling Realty

Marianna Stunner4BR, 3BA, 2618 Sq ftMLS# 245877Ouida Morris850.209.4705Century 21 Sunny SouthProperties

Compass Lakein the HIlls3BR, 3BA, 1840 Sq ftMLS# 243660Stacy Borges850.573.1990Indian Springs Real Estate

Waterfront Beauty5BR, 3.5BA, 4289 Sq ftMLS# 416823Charlie Ralls850.896.9800Coldwell Baner United,REALTORS®

Compass Lake3BR, 2BA, 1906 Sq ftMLS# 245419Debbie Roney Smith850.209.8039Centurt 21 Sunny SouthProperties

Beautiful Kitchen!3BR, 4BA, 3300 Sq ftMLS# 245607Ora Mock850.526.9516Real Florida Property

Exclusive Waterfront4BR, 4.5BA, 4231 Sq ftMLS# 565901Paul LaCourse850.293.5389Exit Realty N.F.I.

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HOME EXPERTSPA

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Siding850.444.9009www.AgelessWindows.com

Ageless Windows & Siding has family owned andoperated since 1989. We o!er free estimates and lifetimewarranties on all of our installations. Contact us today forall your window and siding needs!

10% O! for ALL Veterans

Aabstract Custom Pools850.862.6789www.aabstractpools.com

Originality, attention to detail, customer service and the "nestworkmanship de"ne every pool we build. As a licensed generalcontractor, specializing in unique designs, Aabstract Pools and Spas,Inc will custom build your project from modest to extravagent.Call Today!

Mention this ad and receive a $50 OFF 1st months maintenance.

Better Box Mailboxes850.386.9845www.BetterBoxMailboxes.com

Our skillfully crafted decorative cast aluminum mailboxesenhance your home’s curb appeal and increase your propertyvalue. The distinctive, durable designs are available in a variety ofstyles and colors to ensure an upscale, custom "nish

CONTACT US TODAY!

OnDuty SC, Inc.850.421.4988www.OnDutyPCB.com

OnDuty PCB Inc. is Panama City Beach’s leader in home andbusiness security. We deliver a wide array of safety and securitysystems with state-of-the-art technology and industry leadingservice. Security Alarm Systems • 24hr Alarm • Monitoring Systems

20% Homeowner Discount!

Tia Batson’s CleaningService850.564.9752tbatson6445@gmail.com

Insured & Bonded. No matter how big or small, one call does itall! Let me remove the stress and fatigue associated with keepinga clean and tidy house. Everyone has di!erent needs, so pricingcan be tailored to suit your lifestyle.Residential • Commercial • Move in/out • New Construction

Free Estimates!

E-Z Plumbing850.576.3254www.EZPlumbingPCB.com

E-Z Plumbing Company was founded on a "customer "rst"approach. We separate ourselves from the rest of the pack in thepride and attention to detail that we instill in every single project.Residential • Commerical • Free Estimates • 24hr Emergency

$100 OFF when you mention this ad.

542 Chick Springs Rd

904 Fairview Rd.

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NEWCONSTRUCTION

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Area Damage Reports

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1. Interior "oor, ceiling or wall damage | 2. Exterior wall damage3. Apparent lateral movement | 4. Apparent vertical movement5. Roof damage | 6. Foundation damage

The Current MarketplaceNow is the perfect time to buy or build. Existing homes andvacant lot prices are lower than we have seen in manyyears. In addition, many homeowners are choosing toremodel their existing homes. Over the next few issues, Iwill provide some guidance on these topics based on yearsof experience evaluating the performance of structuresand the identification of damage or deficiencies instructures.

ConstructionWhether you are selecting that perfect location for yournew home, looking to purchase an existing home orconstructing an addition to your present home, pay closeattention to the proposed building site to avoid possiblefuture foundation problems.

If the lot is not in a fairly level area, potential rainwater run-off issues should be evaluated. Poor or improper drainagecan result in the differential settlement of future or existingstructures. Drainage-related conditions can typically bemanaged during the building design process for newhomes and remodeling additions.

If there are any unexplained depressions in the surface ofyour potential building site, question the prior history ofthe property. Any debris buried during earlier or morerecent land clearing activity will decompose over timeresulting in associated ground movement, which can causealso differential settlement for homes in close proximity tothe debris location.

About the ExpertRonald W. Dowgul Ph.D. P.E. is a Florida Certified General Contractor and aRegistered Professional Engineer in Florida, Alabama and Mississippi. He hasbeen involved in both the Engineering and Construction aspects ofcommercial and residential buildings for more than 25 years and has publishedan analysis of more than one thousand deficient or storm damaged structures.He is presently a principal in J. Harrington & Associates Inc. a construction andengineering company.

Ronald W. DowgulPh.D. P.E.

Involving a construction professional can eliminate potential problemswith your new home or addition. I can help you with this. Please contactme at jhaeng@knology.net if you have specific questions or suggestedtopics for future articles.

J. Harrington & Associates Inc.206 S. Arnold Rd.,

Panama City Beach, FL 32413850.249.5418

jhaeng@knology.net

JHARRINGTONand associates

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FEATURED AGENTPA

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How did you get started Real Estate?For many generations my family has been in real estate and construction so it's in my blood,even though I fought it. I did spend a few years as an educator, however I could not stay awayfrom the business and went full speed ahead in 2003. I bought Beachy Beach a few years laterand we are currently in the process of adding another 30A office. Simply, I love my PanamaCity Beach and I love sharing it with others! It is too sweet to keep to myself.

What are the top 3 things that separate you from other agents?You know, I don't really consider myself to be in competition with other Realtors. I just have ahuge heart for people I work with. I have been fortunate to have some very innovativemarketing tools via TheBeachShow.com and great social media. My biggest claim to fameis that I am blessed to work with the most amazing, innovative and dedicated agents on thebeach.

What’s the biggest mistake you see buyers make in today’s market?That is an easy one!!! Never ever try this journey on your own. Find a Realtor that you gel withand has YOUR best interest at heart. Realtor-hopping is NOT a proven buying strategy.Another mistake that we all make is thinking there is a perfect time to buy. The perfect time iswhen you find the home you fall in love with.

What’s the biggest mistake you seesellers make in today’s market?We highly encourage sellers to set their priceright in the beginning. The tendency is to starthigh and then reduce when in fact that justallows viable buyers to pass you by forproperties that are priced correctly. Your besttime to get attention is the first few weeks onthe market... so price it right to start with.

What’s the most important thing toconsider when marketing a house?Again, pricing is key, but besides that, it is vitalthat you have an agent that is forwardthinking and uses all the various media toadvertise your property. Curb appeal wouldbe your next best tactic to entice homebuyers to look further. Creating an invitingand peaceful environment inside the home isalso important to keep in tune with our beachlifestyle.

Lisa K. Smith850.527.5651

I love what I do and soenjoy my life in PanamaCity Beach. My BeachyBeach office is filledwith like minded agentswho share my “go give”philosophy. BeachyBeach is a happy littleoffice that makes yousmile when you say thewords and especiallywhen you come to visit!I could not have beenvoted Broker of the Yearwithout the supportand encouragement ofall the Realtors andBrokers in this greatcounty. My tag line thatI live by has served mewell... "The only peoplewe have to get even withare those that havehelped us."

850.527.5651LisaK@bechybeach.comwww.BeachyBeach.com

www.TheBeachShow.com

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UNDERSTANDINGTHE MARKET

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Our Panel of Experts Answered the Following Question:“How would you reply to someone who is not making an anticipated move in the market rightnow based on what they are hearing in the national media, or because of some national realestate statistic?”

It’s often said that all politics are local,and the saying holds true to an extent forReal Estate too. Our nation is vast, andvastly di!erent. Manhattan is a "nancialservices mecca, so real estate still sells ata premium there. We are seeing signs ofstabilization and perhaps the beginningof appreciation in our market. Also(obviously), Panama City Beach is athriving marine sanctuary and peoplewill always be drawn to our surf andsunshine.

Dianne PerieraBailey Properties831.425.SAND

Buyer and Seller psychology has beenshredded by the negativity found innational and local media. Santa CruzCounty has felt the pinch, but thepositive is, we will always be THE coastaldestination for those searching forquality of life... and we will always fairbetter than most...who doesn’t want tolive in paradise? We will encouragebuyers to buy, and because of the limitedhousing stock, we encourage Sellers toget their homes on the market...Now!

Today’s real estate market is complex. Aprospective buyer needs to look atnational trends but speci"cally studythe local market for statistics andvalues. Markets vary by neighborhoodsas well as price ranges. Our market iscurrently strong and we are seeingmultiple o!ers on well-pricedproperties and we have a shortage ofinventory county-wide. Prices are"rming up in the lower ranges and insome areas, increasing.

All real estate decisions should bebased on local information. In our areathere are micro areas that are doingbetter than others. A free consultationwith a REALTOR® can give you a muchbetter idea of the conditions in ourlocal market. If you are ready to buy ahome now is a great time. If you plan tostay for 5-7 years now is one of the besttimes to buy a home in Panama CityBeach

Real estate is regional not national. Thelocal markets have seen a signi"cantimprovment in the last few months. Thecombination of current prices andcontinued historically low interest ratesmake this a great time to buy. Someproperties are selling with multipleo!ers; a situation not experienced inyears. If buyers are waiting forcon"rmation from the media, they willmiss the boat.

In 2006 national headlines screamed“Buy Real Estate” even though it mademore sense to rent than to own. Nowthat values have fallen and rates are atamazing lows, it makes more sense toown than rent. The PCB rental market isstrong and rents are expected tocontinue to rise. Why wouldn’t you lockin your housing costs now for the next30 years? National statistics can’tcalculate the rent versus buy decision –only your local real estate professionalcan.

Bobbie NelsonLongacreReal Estate850.419.7253

Suzy SilverbergRE-831850.475.5695

David MorrelColdwell BankerResidential850.239.1255

Sally LyngDavid LyngReal Estate850.419.5236

Robert DeaconBay Properties850.818.4011

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BUYING SPECIALISTSBuying A House inPanama City Beach?Buying a home may be the largest !nancialtransaction you make; it’s also one of the mostcomplex. It’s important to have a trainedadvocate to represent your best interests, knowsthe market and negotiates the best possible deal.

These professionals understand the market andpassionately advocate on your behalf. Plus, theycan also expand your search and help locate anyshort sale or foreclosure opportunities that youcan consider purchasing. Just a few of the manyreasons why people trust a buyer's agent whenbuying their next dream home.

Buyer’s agents work for you – to get the homeyou want, for a price you want. One of theseSpecialists can help you navigate thehomebuying process with con!dence and ease.

Contact one of these specialists today!

Buying a home is one of the largest, most important transactions of your life. Hire an agent youcan trust to represent your interests. Contact one of these Buyer’s Agents for a

FREE CONSULTATION!

Pehr BlackCentury 21 Beutler850.818.7703

Carmen MyklebustCentury 21 Riverside850.691.0975

Sherry WoodColdwell Banker208.627.3393

Brenda FletcherPremier Borkers, LLC850.255.8197

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Ask the Right Questions With aPanama City Beach Buyer Specialist

Having the right type of !nancing for purchasing condosKnowing your annual fees and resident restrictionsPurchasing the right kinds of insurance for our areas unique hazardsUnderstanding how Florida’s Homestead Exemption laws impact youBeing aware of local building ordinances and City planning reports toknow where our community is going in the near future

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SELLINGSPECIALISTS

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Looking to Sell InPanama City Beach?Selling a home has become increasingly complex. Having awell-trained, experienced seller’s agent working for you canget your home sold faster, for a better price and with lessheadache.

Agents that specialize in selling listings with GRI or EProdesignations have received advanced training to fullyunderstand local market conditions, ever-changingtechnologies, and recent changes in real estate laws and taxissues. This means they stay up-to-date on what’shappening in our speci!c area and can price your homecompetitively.

It also means that you have an advocate assisting you inevaluating o"ers from potential buyers. Sometimes youneed to compromise to reach the best negotiation.Sometimes, that compromise isn’t truly in your best interest.An experienced professional can guide you and providetrusted advice.

Agents that specialize in home sales are also on the cutting-edge of technology and marketing strategies, ensuring yourhome is properly marketed to attract buyers. Anyone canpost listings online, but getting your home discovered byserious, quali!ed buyers takes experience and skill.

Trust the sale of your home to an agent with both market knowledge and a full-servicemarketing plan. Contact one of these Listing Agents for a

FREE CONSULTATION!

Debbie DearBeach Properties850.609.7633

Sheryl CorcoranCorcoran Real Estate Team850.321.5578

Greg PotterCentury 21 Glendale850.691.5477

Joel EgleeSchneidmiller Realty850.953.1414

Avoid these costly mistakes with aPanama City Beach Seller Specialist

Disregarding asbestos and general disclosure lawsChoosing work intensive landscaping upgradesIgnoring repairs from time and weather damageDiscounting the sere “beach lifestyle” when stagingAssociation vacancy rules and requirements

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Contact one of these specialists when you’re ready to sell your home!

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