The prices in real estate in Panama City Beach, in the Florida region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Panama City Beach has increased during the last 6 months. In December, the average price per sq.feet was $265. In January this price pretty much remained the same at a value of $276 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $270.5 to $272 per sq.feet. The price per sq.feet has increased 107 % 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 $271.25 to $289 during April, and May.
Based upon to the price in Panama City Beach (cities), this has gone up in the last 6 months. In our first sample month during December, the average price is $376,366. In January This price remains at $382,942. In the following two months the average price has remained the same with regard to the previous two months from $379,654 to $394,565.5. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % 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 $422,305 they are 39 % more affordable than the average price for Panama City Beach. The properties with the highest average price have 4 bedrooms, Their price is 57 % more costly than the average. After that we have properties with 3 bedrooms priced at $461,875.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $263 / sq.feet, with an average $289 / sq.feet price in Panama City Beach. The properties with the highest average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at $316 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $422,305 it is 6 % cheaper than the average price in Panama City Beach. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $523,017 it is 41 % 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 $182 / sq.feet followed by "House" priced at $267 / sq.feet. "Land" is the most costly type of property with a $235,300 / sq.feet cost followed by "Condo" with an average price of $323 / sq.feet.