During 2004 and 2005 Bay County experienced an annual price appreciation of between 30-50%. This rate was unsustainable for the long-term, and now we are experiencing a pause with single family houses decreasing in price by about 35% and Gulf-front condo easing about 50% from their peak. Prices in 2009 are beging to stabilize compared to other parts of the State. Effects of the new airport and will bring international customers which will think our prices are cheap and absorbe the "short sales & repos".In summary ITS A GOOD TIME TO BUY>
ZIP Codes: 32401, 32405, 32407, 32408, 32413, 32444 Location Characteristics: Bay County is located on the Gulf of Mexico in the panhandle region of northwest Florida midway between Pensacola and Tallahassee. This area is noted for its sugar white beaches and recreational opportunities. Since it's also a playground for millions of visitors each year, we have a relaxed small town atmosphere with all the shopping and restaurant options of a much bigger city.
About Jim & Kay Vider:
Kay and Jim Vider are experienced REALTORS helping buyers and sellers fulfill their ownership dreams on the Gulf Coast since the early 90's.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
