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 minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.

$400,430.83
Average price last 6 months
$277.17
Price/sq.feet last 6 months
Average price per sq.feet

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.

Average price

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.

Average price per bedrooms

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.

Price per property type

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.

Charts data
Average price May
Average price per sq.feet May
Number of properties used in Panama City Beach
Number of properties used in region Florida
$422,305
$289
10,102
2,845,132
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value