PANAMA CITY BEACH CONDOS SALES UP 44%
We’ve all been wondering how condo sales were going to do this year after last year’s oil spill mess. Well, so far, quarter 2 condo sales are pacing to have an astounding 44% increase over last year. Yes, that’s a 4, paired with an 4 and a percentage sign. Condo sales are up 44% this year over last.
How many condos were sold.
Looking from April 1 through today, there have been 262 CONDOS sold on PANAMA CITY BEACH according to the Panama City MLS. During the same period in 2010, there were a total of 182 condos sold. Many expected and speculated that sales this year over last would be higher because of the negative effects from the oil spill, but 44% is staggering.
If we take the total number of condos sold, and divide it by the number of days in the period, and multiply it by the number of days left in Q2 2011, then add that number to 262, then at this point, we’re pacing to sell 294 condos for the second quarter period 2011. During Q2 2010 there were 215 condos sold – this would still put us at a 37% increase over last year.
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