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 February, the average price per sq.feet was $149. In the following month the price per sq.feet decreased to $129. In the following two months the price per sq.feet has barely changed, going from $139 to $145 per sq.feet. 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 $142 to $150 during June, and July.
Based upon to the price in Panama City (cities), this has gone up in the last 6 months. The average price for February is $248,606. During March the price had a slight fall till $220,779. During the following two months (April, May) the price has had an average incrementation from $234,692.5 to $252,670.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 119 % 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 $285,615 they are 53 % more affordable than the average price for Panama City. The properties with the lowest average price have 3 bedrooms, Their price is 15 % cheaper than the average. After that we have properties with 4 bedrooms priced at $215,090.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $99 / sq.feet, with an average $149 / sq.feet price in Panama City. The properties with the highest average prices have 1 bedroom. They are 3973 % more expensive than the average followed by properties with 3 bedrooms with a price at $140 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $285,615 it is 56 % cheaper than the average price in Panama City. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Apartment". At a price of $339,098 it is 49 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $142 / sq.feet followed by "Apartment" priced at $146 / sq.feet. "Land" is the most costly type of property with a $7,499 / sq.feet cost followed by "Commercial" with an average price of $1,026 / sq.feet.