Property prices for sale in Panama City Beach (Florida)
The prices in real estate in Panama City Beach, in the Florida region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Panama City Beach has remained the same in the last 6 months. In November, the average price per sq.feet was $418. In December this price pretty much remained the same at a value of $423 per sq.feet. The price for the following two months in (January, February) decreased 92 % with regard to the prior two months. The price per sq.feet has increased 106 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $402.75 to $425.5 during March, and April.
Based upon to the price in Panama City Beach (cities), this has gone downing the last 6 months. The price in November is $612,583, rising in December till $650,050. During the following two months (January, February) the average price had a considerable reduction of 81 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $678,122 they are 46 % more affordable than the average price for Panama City Beach. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $658,178.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $376 / sq.feet, with an average $456 / sq.feet price in Panama City Beach. The properties with the highest average prices have 1 bedroom. They are 1 % more expensive than the average followed by properties with 2 bedrooms with a price at $424 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $678,122 it is 68 % cheaper than the average price in Panama City Beach. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $680,137 it is 63 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $391 / sq.feet followed by "Condo" priced at $448 / sq.feet. "Land" is the most costly type of property with a $207,500 / sq.feet cost followed by "House" with an average price of $493 / sq.feet.
