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PANAMA CITY BEACH CONDOS
from 2022 Annual Market Report | Bay County | Berkshire Hathaway HomeServices Beach Properties of Florida
by Berkshire Hathaway HomeServices Beach Properties of Florida
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.
