Property prices for sale in Panama City Beach (Florida)
The prices in real estate in Panama City Beach, in the Florida region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Panama City Beach has increased strongly during the last 6 months. In July, the average price per sq.feet was $184. In the following month the price per sq.feet increased considerably to $255. In the following two months the price per sq.feet has increased 111 %, going from $219.5 to $243.5 per sq.feet. The price per sq.feet has increased 112 % 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 $231.5 to $258.5 during November, and December.
Based upon to the price in Panama City Beach (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $330,705. During August the price went through a considerable rise reaching $466,469. In the following two months the average price has remained the same with regard to the previous two months from $398,587 to $381,131. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $389,859 and $381,523 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $376,366 they are 34 % more affordable than the average price for Panama City Beach. The properties with the highest average price have 4 bedrooms, Their price is 44 % more costly than the average. After that we have properties with 3 bedrooms priced at $387,783.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $224 / sq.feet, with an average $265 / sq.feet price in Panama City Beach. The properties with the highest average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 2 bedrooms with a price at $284 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $376,366 it is 9 % cheaper than the average price in Panama City Beach. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $555,892 it is 1240 % 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 $187 / sq.feet followed by "House" priced at $252 / sq.feet. "Commercial" is the most costly type of property with a $21,682 / sq.feet cost followed by "Condo" with an average price of $288 / sq.feet.
