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Market Shows improvement

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fisher said:
Bobby,

Your numbers don't jive with the press release which stated that there was a 19% increase in sales--your numbers only show an increase of 5%. Shellys' numbers seem to be in line with the press release quote of 19%. Maybe the MLS numbers aren't accurate.
Click to expand...


This is why I asked...Where? I pulled it from the MLS and was wondering.... MLS could be wrong.
 
Bobby J said:
Shelly,
Where did you get your info? I come up with:
Sep 2007 Sales: 60
Sep 2006 Sales: 57

This is from the PC MLS.
Click to expand...

Don't have much time but
I thought maybe Shelly was using beach condos and Bobby was doing all of PC but the stats are the same so looks like all condos sold were on the beach. Don't know why shelly's are so low but

The stats function of the MLS show:

For all of Panama City
Sept 2007 Total sold = 61
Sept 2006 Total sold = 57

Ran Sept 2007 sales for condos which had been under contract 40 days or less to eliminate precons and came up with 35 so it looks like Bobby's data includes precons that closed in Sept 2007 and Shelly's includes only new contracts that closed.

So both are correct :D but I do prefer looking at those that are new contracts because precons went under contract when the market was stronger and HAD to close them in September.
 
Cork On the Ocean said:
Don't have much time but
I thought maybe Shelly was using beach condos and Bobby was doing all of PC but the stats are the same so looks like all condos sold were on the beach. Don't know why shelly's are so low
Click to expand...

They're not my stats....they're from the Florida Asssociation of Realtors--would FAR lie???? :shock::roll::cool:


.
 
Cork On the Ocean said:
Don't have much time but
I thought maybe Shelly was using beach condos and Bobby was doing all of PC but the stats are the same so looks like all condos sold were on the beach. Don't know why shelly's are so low but

The stats function of the MLS show:

For all of Panama City
Sept 2007 Total sold = 61
Sept 2006 Total sold = 57

Ran Sept 2007 sales for condos which had been under contract 40 days or less to eliminate precons and came up with 35 so it looks like Bobby's data includes precons that closed in Sept 2007 and Shelly's includes only new contracts that closed.

So both are correct :D but I do prefer looking at those that are new contracts because precons went under contract when the market was stronger and HAD to close them in September.
Click to expand...

Only Shelly's numbers are correct when looking at them in context of the press release cited by Bobby. If you read the press release, FAR is talking only about condo RESALES not all condo sales.
 
Last edited:
I get daily emails on new listings and price changes for PCB condos. The condo prices appear to be dropping at an accelerated rate and all the new buildings are hitting new lows in asking prices.

And still very little is selling. All this with several thousand new condos coming on line in the next year.

We may be entering the final price capitulation in PCB. The final bust that follows some real estate booms.

JMHO
Flyguy
 
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