While the Real Estate Market has shifted from a Seller's Market to a Buyer's Market, the best Buyer's Market we have seen in over 10 years, the timing may be right to purchase in Panama City Beach.

Ranked as the top market for Real Estate appreciation by CNN/Money Magazine May 17,2006 (21.2% for 2006), take a look at some of the growth plans affecting this area for both residents and tourists alike:

1. Bay International Airport Relocation Project on track for early 2010 completion; located 20 min from east end of 30A.
2. Pier Park, the much anticipated premier shopping mall in Panama City Beach just one mile east of Highway 79, has begun build out.  Simon Property Group, the country's largest developer and manager of high quality retail real estate has already attracted such retail businesses as Target, Old Navy, Back Porch Seafood House, Starbucks, Panera Bread, Southern Theaters, and Ron Jon Surf Shop to open October 2006 www.pierparkretail.com
3. Mutual of Omaha's Wild Kingdom announces partnership with Blue Dolphin 11, Inc in the purchase of over 1,000 acres to create a Life in the Wild Safari park and music theme park in Bonifay Florida, just 45 minutes north of Highway 79.

GREAT PROJECTS NOW FOR SALE:

In addition, the following projects will positively affect the permanent resident population:

• Military base realignment will increase military and civilian personnel staffed at Eglin Air Force and Tyndall Air Force base.
• Military companies like Lockheed will be creating plants within the area to support new projects awarded the bases.

These type of growth plans are expected to increase the annual tourist population to 6 million visitors annually and resident population is expected to grow by 34% over the next 8 years.

Currently, significant development of condos on the Gulf that were sold pre-construction are being completed.  Many of the investors who "reserved" multiple condos for purchase are unable to finance these units creating a great buying opportunity for people who want a second home on the Gulf.  Destin which already has many of the amenities we are starting to see in Panama City Beach has Gulf Front condos built in the last two years are selling for $765 a square foot where as comparable Gulf Front condos that are brand new can be purchased in Panama City Beach for as low as $320 a square foot.  We don't expect this to last long!!

Contact Us if you would like any detailed information on Panama City Beach homes for sale!

nnickerson@mindspring.com

850-585-1129

Panama City Beach Money Magazine, Fastest Growing Real Estate Market, Gulf Front Panama City Beach, Great Deals in Panama City Beach, Wild Kingdom Panama City Beach, Panama City Beach Airport, Panama City Beach Pier Park, Animal Kingdom Panama City Beach. Tidewater Beach Resort. Splash Resort.  Calypso Resort, Majestic Beach Resort, Shores of Panama