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Century 21 Ryan Realty News • February 5, 2025

Market Trends 32409 Panama City, Florida

by CENTURY 21 Ryan Realty
Panama City Florida real estate market trends and statistics for 32409 zip code.

Navigating the Current Real Estate Market in Panama City, FL 32409: A Seller’s Guide

As a seller in the current real estate market, it’s essential to understand the correlation between key metrics to make informed decisions about listing your property in Panama City, FL 32409. Located in Bay County, Panama City is a popular destination for beachgoers and outdoor enthusiasts.

Market Trends: A Shift Towards Balance

The Months Supply of Inventory is currently at 4.68, indicating a relatively low inventory of homes for sale. However, the 12-Month Change in Months of Inventory has increased by +38.05%, suggesting a shift towards a more balanced market. This means that sellers can expect more competition from other listings, and buyers may have more negotiating power.

Days on Market: A Relatively Quick Turnaround

The Median Days Homes are On the Market is currently at 30, indicating a relatively quick turnaround time. This is good news for sellers, as it means that properties are selling relatively quickly. However, the increase in inventory may lead to this number trending upwards, giving buyers more time to consider their options.

Pricing Strategies: Room for Negotiation

The List to Sold Price Percentage is at 95.9%, indicating that sellers are receiving just under asking price for their properties. This suggests room for negotiation, but buyers are still willing to pay close to the list price. Sellers should be prepared to negotiate, but also be mindful of pricing their properties competitively to attract buyers.

Median Sold Price: A Benchmark for Sellers

The Median Sold Price is $454,500, providing sellers with a benchmark for pricing their properties. This number represents the midpoint of all sold prices in the market, giving sellers a realistic expectation of what they can expect to receive for their property.

Neighborhood Highlights: What Makes Panama City, FL 32409 Desirable

Panama City, FL 32409 is a desirable neighborhood due to its proximity to the beach, outdoor recreational opportunities, and growing economy. Some popular attractions and amenities in the area include:
  • St. Andrews State Park
  • Shell Island
  • Panama City Beach Pier
  • Gulf World Marine Park
  • Pier Park
  • 30A
  • Mexico Beach
  • Port St. Joe
  • St. Joe Beach
  • Cape San Blas

Conclusion: Navigating the Shifting Market

The current real estate market in Panama City, FL 32409 is shifting towards a more balanced dynamic. Sellers should be mindful of pricing their properties competitively, as well as being prepared for potentially longer days on the market. By staying informed and working with a knowledgeable real estate agent, sellers can navigate these market conditions effectively to achieve a successful sale.

READ THE FULL REPORT HERE: 32409 Residential Market Trends – Realtors Property Resource

Listing agent and location for image above, Tabitha Garcia, Century 21 Ryan Realty. Direct: 850-866-4783
https://tabithagarcia.sites.c21.homes/listing/FL/Southport/3052-Rachel-Place-32409/201998958

 

Century 21 Ryan Realty News • February 1, 2025

February Fun in PCB: Top Events and Festivals 2025!

by CENTURY 21 Ryan Realty
February Fun in PCB: Top Events and Festivals

February Events in Panama City and Panama City Beach: Fun for Everyone, 2025!

February is shaping up to be an exciting month in Panama City and Panama City Beach! From thrilling performances to festive celebrations, there's something for everyone to enjoy. Here are some of the top events happening in the area:

Cirque Italia Water at Frank Brown Park, February 7, 2025 - February 10, 2025

Get ready to be amazed by the death-defying acrobats and aerialists of Cirque Italia Water! This spectacular show will be performed at Frank Brown Park from February 7-10, 2025. Don't miss out on the thrilling stunts and mesmerizing visuals!

Panama City Beach Food Truck and Craft Beer Festival, February 8, 2025 - February 9, 2025

Foodies and beer enthusiasts, rejoice! The Panama City Beach Food Truck and Craft Beer Festival is coming to town on February 8-9, 2025. Savor delicious eats from local food trucks and sample craft beers from regional breweries.

Panama City Beach Mardi Gras and Music Festival, February 14-15, 2025

Combine the excitement of an authentic Mardi Gras celebration with the spectacular views of our emerald green water and sugar-white sand, and you're in for a real treat at the Panama City Beach Mardi Gras and Music Festival on February 14-15. In conjunction with the Krewe of Dominique Youx's great Mardi Gras at the Beach parade, the festival features entertainment for the whole family.

St. Andrews Mardi Gras, February 21-23, 2025

The St. Andrews Mardi Gras is returning to Panama City from February 21-23, 2025, with all the colorful floats, lively music, and festive fun you've come to expect from this beloved event. Don't miss out on the parades, parties, and merriment!

Cirque Under the Stars, February 20, 2025 - February 22, 2025

Experience the magic of Cirque Under the Stars from February 20-22, 2025. This enchanting show features death-defying acrobats, aerialists, and other talented performers.

Emerald Coast Boat and Lifestyle Show, February 28, 2025 - March 2, 2025

The Emerald Coast Boat and Lifestyle Show is docking at the Panama City Marina from February 28 to March 2, 2025. Explore the latest boats, marine gear, and lifestyle products. Whether you're a seasoned sailor or just a fan of the sea, this show is a must-visit!

Mark your calendars and get ready to experience the best of Panama City and Panama City Beach this February!

Century 21 Ryan Realty News • February 1, 2025

Market Trends 32404 Panama City, Florida

by CENTURY 21 Ryan Realty
Charming 3-bedroom home in 32404 with fenced-in backyard

Market Insights for Sellers: Navigating the Current Real Estate Landscape

As a seller in today’s real estate market, understanding the intricate relationships between key metrics is crucial for making informed decisions. In this analysis, we’ll delve into the current market conditions and provide valuable insights to help sellers navigate the landscape.

Low Inventory Levels: A Seller’s Advantage

The Months Supply of Inventory stands at 3.69 months, indicating a competitive market with limited options for potential buyers. This scarcity can work in favor of sellers, driving up demand and potentially leading to higher selling prices.

Shifting Market Dynamics: A Cautionary Note

The 12-Month Change in Months of Inventory has increased by 12.5%, suggesting a gradual shift towards a more balanced market. As inventory levels rise, the market may become less favorable for sellers, with increased competition and potentially lower prices.

Quick Selling Times: A Positive Sign

The Median Days Homes are On the Market is 57 days, indicating that properties are selling relatively quickly. This is a positive sign for sellers, reflecting strong demand in the market and a reduced risk of properties lingering for extended periods.

Effective Pricing: A Key to Success

The List to Sold Price Percentage of 96.1% suggests that homes are typically selling close to their list price. This is a positive indicator for sellers, demonstrating that effective pricing strategies are yielding strong results.

Benchmarking Success: Median Sold Price

The Median Sold Price of $312,500 provides a valuable benchmark for sellers to understand the average selling price in the market. This insight can help sellers price their own properties competitively, attracting potential buyers and achieving a successful sale.

Conclusion

The current real estate market presents a favorable environment for sellers, characterized by low inventory levels, quick selling times, and properties selling close to their asking prices. However, sellers must remain vigilant, as increasing inventory levels and shifting market dynamics may impact future market conditions. By staying informed and working with a knowledgeable real estate agent, sellers can navigate the market effectively and achieve the best possible outcome.

Read the Full Report here: 32404 Residential Market Trends – Realtors Property Resource

Listing agent and location for image above, Lolita Millyard, Century 21 Ryan Realty. Direct: (850) 640-8421
https://lolita.sites.c21.homes/listing/FL/Parker/522-Shade-Street-32404/200592012

Century 21 Ryan Realty News • January 30, 2025

Market Trends 32407 Panama City Beach Florida

by CENTURY 21 Ryan Realty
Learn more about real estate market trends in 32407, including months supply of inventory, median days on market, and median sold price.

Learn more about real estate market trends in 32407, including months supply of inventory, median days on market, and median sold price.

Understanding the Real Estate Market in 32407: A Seller’s Guide

As a seller in the 32407 zip code, it’s essential to stay informed about the current state of the real estate market. In this article, we’ll break down the key metrics that can impact the sale of your home and provide you with valuable insights to help you navigate the market.

Months Supply of Inventory: 9.01

The Months Supply of Inventory is a crucial metric that indicates how long it would take to sell all the homes on the market given the current pace of sales. In the 32407 zip code, this metric currently stands at 9.01. A higher number suggests a buyer’s market, where there is more inventory than demand.

12-Month Change in Months of Inventory: +35.9%

The 12-Month Change in Months of Inventory has increased by +35.9%, indicating a trend towards a higher inventory level compared to the previous year. This could potentially lead to increased competition among sellers and longer days on the market for your home.

Median Days Homes are On the Market: 112

The Median Days Homes are On the Market is 112, which means that, on average, it takes just over three months to sell a home in the current market conditions. It’s essential for sellers to be patient and prepared for a potentially longer selling process.

List to Sold Price Percentage: 96.2%

Despite the longer days on the market, sellers can take comfort in the List to Sold Price Percentage of 96.2%. This metric shows that homes are selling close to their list price, indicating that there is still strong demand for properties in your area.

Median Sold Price: $394,675

The Median Sold Price of $394,675 gives sellers an idea of what similar homes are selling for in the market. Pricing your home competitively is crucial to attracting potential buyers and ensuring a successful sale.

Conclusion

Understanding the current market conditions and trends is crucial for sellers in the 32407 zip code. By staying informed about the key metrics that impact the sale of your home, you can make informed decisions and maximize the sale of your property.

Read the Full Report here: 32407 Residential Market Trends – Realtors Property Resource

Listing agent and location for image above, Tabitha Garcia, Century 21 Ryan Realty. Direct: 850-866-4783 https://tabithagarcia.sites.c21.homes/listing/FL/Panama-City-Beach/170-W-Leslie-Lane-32407/201323510

Century 21 Ryan Realty News • Market Analysis • January 28, 2025

Market Trends 32408 Panama City Beach, Florida

by CENTURY 21 Ryan Realty
Single Family Home Real Estate Market Trends 32408
Single Family Home Real Estate Market Trends 32408

Understanding Real Estate Metrics: A Seller's Guide

As a seller, grasping the relationships between key real estate metrics is crucial for making informed decisions about listing your property. Here's a breakdown of the current market conditions:

Months Supply of Inventory: 7.17

This metric indicates how long it would take for all current listings to sell at the current sales pace. A higher number suggests a buyer's market, while a lower number indicates a seller's market.

12-Month Change in Months of Inventory: +39.49%

The significant increase in inventory suggests a more competitive market, which may require sellers to adjust their pricing strategy.

Median Days Homes are On the Market: 60

This metric indicates the average number of days it takes for a property to sell. A lower median days on market suggests a faster turnover rate and a strong market for sellers.

List to Sold Price Percentage: 96.2%

This metric shows that homes are selling for 96.2% of their listed price, on average. Sellers can use this information to understand the negotiating room in the market and guide pricing decisions.

Median Sold Price: $540,000

This metric provides sellers with an idea of the average sales price in the market, helping them set a competitive listing price and attract potential buyers.

Key Takeaways

  • Understanding the correlations between these real estate metrics can help sellers navigate the market effectively.
  • The current market conditions suggest a more competitive landscape, requiring sellers to adjust their pricing strategy.
  • By leveraging these insights, sellers can maximize their chances of a successful sale.

Read the Full Report here: 32408 Residential Market Trends, Realtors Property Resource

Listing agent and location for image above, Jena Buchanan, REALTOR, Century 21 Ryan Realty, Direct: (229) 854-6558
https://jenabuchanan.sites.c21.homes/listing/FL/Panama-City-Beach/525-Wahoo-Road-32408/194162001
Century 21 Ryan Realty News • September 4, 2024

Best of Bay 2024

by Katie Patronis
Best Of Bay 2024

❤🏆 The results are in, and we would like to thank everyone for taking the time to vote for us this year! 🏆❤

We’re over the moon! Thank you to everyone who took the time to vote for Century 21 Ryan Realty. We won in 2 categories, and couldn’t have done it without you! Best #realestate #Brokerage and Best #rentalmanagement Company. Your continued support means the world to us! We’re committed to providing exceptional service and meeting your needs first! #bestofbay #thankyou
👇 Learn more about joining our #AwardWinning #winning Brokerage here! 👇
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