October Sales and Inventory History for Bay County.
Detached Single Family Homes
In October 128 homes were sold.
Average list price was $204,031.00.
Average selling price was $187,906.00.
Average days on market before sale 167 days.
Current inventory of homes on the market 1784.
As compared to October of 08 there were 95 homes sold and the average list price was $252,800.00 the average selling price was $230,627.00. The average days on market were 114 and there were 2291 homes on the market.
Inventories and Absorption Rate October 31, 2009.
Overall Sales and Inventory History (Single family detached)
Homes priced under $150,000 have 7.68 months of inventory on the market. 58 homes sold, inventory was at 446.
Homes priced from $150,000 to 249,999.00 have 12.87 months of inventory. 49 homes sold, inventory was at 631.
Homes priced from $250,000 to $499,999 have 22.63 months of inventory. 19 homes sold, inventory was at 430.
Homes priced from $500,000 to $799,999 have 39.66 months of inventory. 3 homes sold, inventory was at 119.
Homes priced from $800,000 and up have months of inventory. 0 sold, inventory was at 115.
We have an abundance of homes on the market and if your thinking of buying now you will have many homes to choose from. It truly is a great time to make an investment in Real Estate with the price of homes dropping and low mortage rates.
If you are considering selling your property as you can see you are going to have a lot of competition and you need to have professional marketing working 24/7. To get your home sold you will need to make your home stand out from among the many. Exposure of your home is critical to getting buyers in the door and an offer to purchase on the table.
In this market most important is the listing price you place on your home too low you and you leave money on the table, too high and your home will remain on the market and not sell. The more informed you are about our current market the better the decisions you will make.
I can help if your buying a home or selling please let me show you how.
Location Characteristics: Bay County is located on the gulf coast of Northwest Florida, midway between Tallahassee,Florida and Pensacola,Florida, in an area commonly referred to as the Florida Panhandle.
Bay County includes the cities of Panama City and Panama City Beach. Also within it's boundaries are the cities of Lynn Haven, Cedar Grove, Mexico Beach, Parker,Springfield and Callaway.
The region enjoys a relativley diversified economic base and a stable economy. Bay County's economy is a mix of lumbering, tourism, trades, services, construction, commercial fishing, government and government related enterprise. The area's two major military installations, Tyndall Air Force Base and the U.S. Naval Coastal Systems Station, have a significant economic impact on Bay County and the surrounding areas. Tourism continues to represent a major source of employment and revenue for the area.
