Panama City Real Estate Market Summary - 1st Quarter 2016

Posted by Office Administrator on Wednesday, June 8th, 2016 at 7:52am.

Panama City Realty Group

This is a First Quarter market report and analysis for Condos, Townhomes and homes for sale in Panama City and the surrounding areas in Bay County of Florida. Real estate market data and analysis is provided by The Panama City Realty Group and Bay County Association of Realtors.

Excluded are Mobile and Manufactured homes.

The following numbers represent the difference between 2015 and 2016. We are primarily a 2nd home and vacation home market and as such, our numbers are highly subjective when in an election year

Condominiums and Townhomes

  • Inventory has increased approx 2% over last year
  • Prices have decreased approximately by 10%
  • There are approximately 10% less listings available last quarter than in 2015 

These number indicate more of a buyers market however, sellers continue to hold fast to their asking price which is a direct cause of some of the statistics.

Single Family Homes

  • Inventory has decreased approx 2% over last year
  • Prices have increased approximately by 4%
  • There are approximately 20% more listings available last quarter than in 2015 

These number indicate more of a buyers market however, sellers continue to hold fast to their asking price which is a direct cause of some of the statistics.

Condos and Towmhomes
Single Family Homes
Panama City Real Estate market summary

Panama City Real Estate Condo Market Summary

If you're interested in purchasing or selling a condo or home in Panama City or Panama City Beach contact Jennifer today!. Directly: (850 ) 774-6582.

Panama City Home Sales

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Welcome to our Panama City Beach real estate blog. Please share your thoughts and opinions as comments are always welcome, whether you are a consumer, journalist or another real estate professional.

Our blog includes local and relevant national real estate information, Condo and Home market statistics, personal and professional insights and information about various neighborhoods, subdivisions and listings. If you would like additional information on any of our topics, please contact us directly and we'll be glad to assist you.

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