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PANAMA CITY
from 2022 | Northwest Florida Q1 Market Report | Berkshire Hathaway HomeServices Beach Properties of FL
by Berkshire Hathaway HomeServices Beach Properties of Florida
NEW CONSTRUCTION | BAY COUNTY
2205 RUSHES AVENUE
NEW CONSTRUCTION | BAY COUNTY
SINGLE FAMILY HOMES
YEAR
2020
2021
PERCENT CHANGE 444
525
81% $140,140,184
$189,297,912
35% $315,631
$361,946
15% $266
$179
10% 53
34
36% 99%
98%
1%
NUMBER OF SALES
SOLD VOLUME
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE PER SQ. FT. AVERAGE DAYS ON MARKET
% OF LIST PRICE SOLD
New developments in Bay County have kept prices down a bit lower than the market average. The number of sales may increase substantially in 2022 with the 2021 pending homes completing construction. Decreasing days on market may signal signal further increase in new home demand.
