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PANAMA CITY BEACH CONDOS

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PANAMA CITY BEACH

PANAMA CITY BEACH

PANAMA CITY BEACH CONDOS

YEAR

2021

2022

PERCENT CHANGE 2,547

1,644

35% $957,053,747

$771,633,856

19% $376,053

$469,364

25% $337

$429

27% 71

39

45% 98%

98%

0%

NUMBER OF SALES

SOLD VOLUME

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQ. FT. AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

The Panama City Beach condo market lagged behind single family homes with a greater drop in number of sales and sold volume, likely due to limited inventory with a significant drop in average days on market.

NUMBER OF SALES 2,547

2021

1,644

2022 AVERAGE SOLD PRICE PER SQUARE FOOT 337

2021

429

2022 PERCENTAGE OF LIST PRICE SOLD 98%

2021

98%

2022

AVERAGE DAYS ON MARKET 71

2021

39

2022

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