What If Oil Spill Hits Panama City Beaches?

Town Hall Meeting

Worry Abounds

Everyone who owns or lives in the Panama City Beach area along with those who visit our wonderful beaches is worried about the oil spill and what the effects will be. As of today I can tell you there is NO OIL on our beaches yet but by all accounts there will be in the days and weeks to come.

What Next?

Merlin Law Group will be hosting an educational town hall meeting, along with Keefe, Anchors, Gordon and Moyle, P.A (KAGM). to help those who may be affected from what is being described as the worst environmental calamity in US history, in understanding what they need to know about the oil spill and how it may affect their bottom-line. Gulf Coast Oil Spill Catastrophe: An Educational Town Hall Meeting is expected to be heavily attended by those unsure as to what this catastrophe can mean to their lives, will be held on Tuesday, May 4th at 1:00 PM in the Emerald Ballroom at the Hilton at Sandestin, 4400 South Sandestin Boulevard, Destin, Florida 32550.

I will attend and hopefully learn what property and business owners need to do now in order to prepare their property against damage and in the unfortunate event that a claim will have to be filed. Apparently they will address concerns from condominium associations, restaurants and hotels anticipating and already experiencing major interruption in their business as people who had considered vacationing in along the Gulf Coast and Florida are cancelling plans in face of the real possibility of the destruction of beaches by the spill. Also of great concern is possible evacuation should the oil cause the presence of toxins in the air and in the water.

Check back tomorrow to see the results of this meeting.

Wondering About Your Panama City Beach Real Estate?

If you own Panama City Beach Real Estate and would like to know what you could expect if you were to sell it in today’s market conditions simply call or text John Skinner at 850-543-5763 or send send me an email at JohnSkinner@AtTheBeachTeam.com

The Name Changes, But The Same Great Service Remains

Name Change For The Moran Team

In a move to carry the business forward Keller Williams Realty’s The Moran Team has changed it name to Keller Williams Realty’s AT THE BEACH TEAM. The change reflects the company’s philosophy away from a singular focus on John and Kris Moran to the benefits of working with a team of highly qualified realtors and support staff.

Where We Are

The Moran Team, headed up by John & Kris Moran, has built a very successful business over that past five years and is now recognized as one of the top ranking real estate teams in the area. According to recent Emerald Coast Association of Realtors statistics The Moran Team sells more condos than all but a handful of agents, has a higher list to sales price ratio than average and sells their listings 3 times faster than average. The current Average Days On Market for the board is 238 days while The Moran Team’s is only 71!

Where We Are Going

We have worked very hard to develop the skills required to succeed in a very challenging market and have developed systems that will allow us to continue grow well into the future. We are now beginning a phase of growth where we are adding realtors to service new areas for us. The first agent to join the AT THE BEACH TEAM is John Skinner who will be servicing the Panama City Beach market. You can learn more about him on the about section of the Panama City Beach Real Estate News website.

Where You Can Find Us

Some of the other areas Keller Williams Realty’s AT THE BEACH TEAM covers is Destin Real Estate, Kelly Plantation Homes For Sale, Regatta Bay Homes For Sale, Sandestin Real Estate, Grayton Beach Real Estate, Watercolor Real Estate, Seaside Real Estate, Watersound Real Estate, Rosemary Beach Real Estate, Seacrest Beach Real Estate and Rosemary Beach Real Estate.

Great Condo Deals To Had At Celadon!

Great Short Sale At Celadon Condo - Click On Picture For Details

Great Short Sale At Celadon Condo - Click On Picture For Details

My how prices have fallen.
Celedon Condo in Panama City Beach Florida has seen prices plummet as a result of Foreclosures and Short Sales over the last year.  A 2 bedroom 2 bath with 1,157 sq.ft. recently sold as a foreclosure for $227,000.   To give you some perspective on how far prices have dropped since the height of the market I can tell you unit 502 which is also a 2 bedroom 2 bath with 1,157 sq.ft. floor plan sold in 2004 for $630,000! 
Right now unit #1002 is on the market as a short sale with a list price of $235,000 and who knows what final price the bank may take.  As you can see prices have come down dramatically and sellers are feeling the heat but if you have ever considered owning a property at the beach now is the time to get some great deals. 
 
Should I Sell?
 
Maybe.  if you can afford to hold on to your property unitl the market comes back (could be 6-8 years) you probably should.  The thing is if you can’t or don’t want to wait that long then I would say sell today, or at least talk to your financial advisor and see what they think.  
To find out where you stand with regard to the value of your property in today’s market simply call John Skinner at Keller Williams Realty’s AT THE BEACH TEAM and we will be happy to give you a detailed market analysis of your properties value.
Should I Buy?
If you want to buy a condo sometime in the next 6-8 years and can afford to buy now then I think you should give it serious consideration.  Foreclosures and Short Sales have brought the market back to to a place where it makes sense to buy, mortgage rates are still very low and the inventory of property for sale is robust.  RIGHT NOW, but it won’t always be like this so if you are waiting for something better be very careful. 
Call John Skinner at 850-543-5763 to explore all your options and begin your search today!