The prices in real estate in Panama City, 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 has remained the same in the last 6 months. In May, the average price per sq.feet was $281. In the following month the price per sq.feet decreased considerably to $173. The price for the following two months in (July, August) had a considerable increment of 209 %. The price per sq.feet has had a considerable deflation of 47 % 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 $350.75 to $165.5 during September, and October.
Based upon to the price in Panama City (cities), this has gone up in the last 6 months. In our first sample month during May, the average price is $297,804. In June This price remains at $286,460. In the following two months the average price has remained the same with regard to the previous two months from $292,132 to $301,474. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % 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 $337,888 they are 69 % more affordable than the average price for Panama City. The properties with the highest average price have 2 bedrooms, Their price is 74 % more costly than the average. After that we have properties with 4 bedrooms priced at $396,647.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $155 / sq.feet, with an average $171 / sq.feet price in Panama City. The properties with the highest average prices have 1 bedroom. They are 5735 % more expensive than the average followed by properties with 2 bedrooms with a price at $349 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $337,888 it is 29 % cheaper than the average price in Panama City. "Commercial" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $334,315 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $160 / sq.feet followed by "House" priced at $165 / sq.feet. "Commercial" is the most costly type of property with a $1,044 / sq.feet cost followed by "Townhouse" with an average price of $275 / sq.feet.