The prices in real estate in Panama City Beach, 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 Beach has remained the same in the last 6 months. In November, the average price per sq.feet was $425. In December this price pretty much remained the same at a value of $433 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $429 to $429 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $429 to $431.5 during March y April
Based upon to the price in Panama City Beach (cities), these have remained the same in the last 6 months. The price in November is $550,924, rising in December till $580,989. In the following two months the average price has remained the same with regard to the previous two months from $565,956.5 to $569,869.5. 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 $567,913 and $546,529 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $514,417 they are 26 % more affordable than the average price for Panama City Beach. The properties with the highest average price have 4 bedrooms, Their price is 72 % more costly than the average. After that we have properties with 3 bedrooms priced at $627,925.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $356 / sq.feet, with an average $394 / sq.feet price in Panama City Beach. The properties with the highest average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at $413 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $514,417 it is 25 % 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 "Detached House". At a price of $554,748 it is 43 % 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 $159 / sq.feet followed by "Detached House" priced at $338 / sq.feet. "Condo" is the most costly type of property with a $436 / sq.feet cost followed by "House" with an average price of $356 / sq.feet.