SOLD in 2017 Q2

SOLD DATE

TYPE

UNIT NUMBER

SOLD PRICE

April 11, 2017

1BR/2BA

2207D

$225,000.00

April 17, 2017

3BR/3BA

1909A

$460,000.00

April 18, 2017

2BR/2BA

2002

$360,000.00

June 22, 2017

1BR/2BA

303

$236,500.00


SOLD in 2017 Q1

SOLD DATE

TYPE

UNIT NUMBER

SOLD PRICE

February 1, 2017

1BR/2BA +Bunk

1507D

$219,000.00

March 29, 2017

1BR/2BA +Bunk

803D

$223,000.00


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SOLD in 2016

1BR/ 2BA + Bunk | 19 Units SOLD

January 4, 2016
1BR/2BA+BUNK
$211,000
February 9, 2016
1BR/2BA+BUNK
$229,000
February 11, 2016
1BR/2BA+BUNK
$197,000
March 2, 2016  
1BR/2BA+BUNK
$177,000
April 29, 2016
1BR/2BA+BUNK
$210,000
May 6, 2016  
1BR/2BA+BUNK
$227,000
May 20,2016
1BR/2BA+BUNK
$205,000
June 14, 2016
1BR/2BA+BUNK
$232,900
September 16, 2016
1BR/2BA+BUNK
$212,000
September 30, 2016
1BR/2BA+BUNK
$215,000
October 4, 2016
1BR/2BA+BUNK
$206,500
October 5, 2016
1BR/2BA+BUNK
$220,000
November 4, 2016
1BR/2BA+BUNK
$215,000
November 7, 2016    
1BR/2BA+BUNK
$218,000 Contingent
November 14, 2016  
1BR/2BA+BUNK
$214,000
November 14, 2016  
1BR/2BA+BUNK
$215,000
November 18, 2016
1BR/2BA+BUNK
$215,000
November 29, 2016
1BR/2BA+BUNK
$217,500
December 12, 2016
1BR/2BA+BUNK
$229,000


2BR/2BA + Bunk | 6 Units SOLD

January 5, 2016  
2BR/2BA+BUNK
$316,000
June 27, 2016
2BR/2BA+BUNK
$332,500
August 8, 2016
2BR/2BA+BUNK
$325,000
October 21, 2016  
2BR/2BA+BUNK
$309,999
November 1, 2016  
2BR/2BA+BUNK
$340,000 Contingent
November 8, 2016
2BR/2BA+BUNK
$324,500


3BR/3BA | 5 Units SOLD

January 13, 2016    
3BR/3BA
$403,500
February 10, 2016
3BR/3BA
$390,000
April 29, 2016
3BR/3BA
$448,000
July 22, 2016
3BR/3BA
$465,000
October 21, 2016  
3BR/3BA
$473,000


The 2016 real estate market in Celadon worked almost directly opposite of the rest of the Panama City Beach gulf front market.  The number of units for sale (Active Listings in the chart above) moved down steadily all year which meant less competition for sellers and less choice for buyers.

The number of sales (Sold Listings) stayed somewhat steady in the first half of the year before spiking late in the year.  This increase in closings directly impacted the "Months Inventory" number driving that number down to below 2.  Anything around 5 or 6 represents a pretty neutral market while anything less signifies a seller's market.   Celadon is starting off 2017 VERY much in a seller's market...great timing for any owner thinking of selling.


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