Panama City Beach Condo Market Overview - February 2024
Market Crash, Correction, or Stability?
A Few Buildings Have Crashed
Market downturns are characterized by a significant decline in property values, often exceeding a 20% drop from peak prices within a year. In Panama City Beach, a handful of condominium buildings have experienced such downturns, primarily because of a series of questionable decisions made by their associations in previous years that are now impacting those particular properties. The Shores of Panama stands out as a notable example, with several articles highlighting ongoing issues for over five years.
Shores of Panama, Panama City Beach real estate, Panama City Beach condos for sale, Ocean Villa, Real Estate Market Updates
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