Considering the purchase of a condominium or townhouse in Panama City Beach? It helps to know the current market trends, popular hotspots or buildings and what the average price is currently. This real estate market report is for April, 2015 reflecting on the first quarter of 2015.
Total inventory in condominiums and town houses currently stands at 197. A month ago is at 184, a 7% increase. The median list price is $334,000 up .5% over last month. There are less than 1% distressed properties on the market. Days on the market actually went up about 18% over the last month and currently stands at 80 days. The median condominium size is about 1300 ft.² coming in at $257 per square foot on average.
The average list price for the week of April 15 is $376,000. The median sales price is up 8% over last year at $205,000.
Popular neighborhoods include Laguna Beach, Long Beach Resort, Palmetto Trace, Palm Cove, Open Sands, and Bid-a-wee Beach.
If you’re considering buying in the Panama City Beach area and you have school age children you may be utilizing the Bay district schools. Panama City Beach’s highest rated schools include the Hutchinson Beach elementary school, the Surfside middle school and the Arnold high school.
For more information on homes and real estate, condominiums for sale or vacation townhouses anywhere in Panama City Beach to free browser website or contact us.