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 June, the average price per sq.feet was $228. In the following month the price per sq.feet increased to $243. In the following two months the price per sq.feet has increased 106 %, going from $235.5 to $249 per sq.feet. The price per sq.feet has increased 115 % 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 $242.25 to $278.5 during October, and November.
Based upon to the price in Panama City Beach (cities), this has gone up considerably in the last 6 months. The price in June is $388,448, rising in July till $416,892. In the following two months the average price has remained the same with regard to the previous two months from $402,670 to $422,476.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 134 % 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 $689,010 they are 67 % more affordable than the average price for Panama City Beach. The properties with the highest average price have 4 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 3 bedrooms priced at $454,391.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $233 / sq.feet, with an average $305 / sq.feet price in Panama City Beach. The properties with the highest average prices have 2 bedrooms. They are 3 % more expensive than the average followed by properties with 1 bedroom with a price at $305 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $689,010 it is 41 % 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 "Condo". At a price of $495,582 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $200 / sq.feet followed by "House" priced at $290 / sq.feet. "Condo" is the most costly type of property with a $346 / sq.feet cost followed by "House" with an average price of $290 / sq.feet.